Technology is at the heart of some of the major changes in business right now. From streamlining services to growing companies, the innovations in tech are moving at a rapid pace. Offering a broad array of services, the Internet of Things (IoT) builds connectivity between devices that send and receive data over the internet. It can be used day-to-day around the home or on a broader scale within business.
IoT goes hand-in-hand with analytics, with the data from IoT enhancing analytics platforms. Whether you are seeking new ways to manage money, or you want to refocus the existing HR system, the high levels of technology provided by IoT and analytics platforms can help you reinvigorate processes and encourage growth.
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On a day-to-day level, IoT and analytics can provide data and reports that can help to refresh the way business is done. For example, the IoT platform, such as those provided by RSM International, could be used on existing resources and the data received then analysed to update the service. From managing the way data is processed in the human resources department to digging deeper into how cash flow is managed, the IoT can ultimately help to utilise resources correctly.
A particularly important way that IoT is making an impact is in terms of fraud detection and security. Keeping on top of data breaches is becoming increasingly complex, while more complex security measures are being implemented to ensure the safety of data within sectors such as healthcare and manufacturing.
IoT systems and analytics platforms are able to capture and track data. This enables real-time monitoring and can ultimately lead to better fraud detection early on by implementing predictive analytics to prevent breaches in the future.
For organisations that deal with hazardous gases or chemicals, such a power plants, IoT systems can use the data they capture to prevent disaster. The sensors and warning signals built into IoT processes can monitor any unusual activity and warn ahead of anything detrimental taking place. Implementing this sort of process can keep everyone from scientists working in labs to workers in chemical plants safe.
What About the Cloud?
Storage is not as much of an issue when IoT and analytics platforms are paired with cloud computing. There is the capacity to keep vast amounts of data in the cloud, therefore allowing for analysis to be a constant, ongoing process that builds on each new piece of data that is inputted. So, ever-changing processes that require a consistent supply of data to operate will not be cut off due to storage issues.
Likewise, the vast amounts of data on the cloud can be kept and referred to in order to rework and analyse the way businesses operate, thus creating solutions for businesses. As the data supply chain is refined, it becomes apparent that utilising the cloud allows for the constant flow of data.
If you are considering your IoT options, it is worth looking into how you can use its technology to your business’s advantage.