Benefits of using IoT

Benefits of using IoT

IoT technology expands the capabilities of any business by providing it with a most valuable asset; real-time accurate data. Collecting and analysing data gives companies control over all processes, equipment and the environment:

• Customers will receive most of the benefits. We estimate that the users of IoT (businesses, other organisations, and consumers) could capture 90 percent of the value that IoT applications generate.
• More than half employ IoT devices as change agents to take prescriptive action on their behalf, frequently using related capabilities such as real-time data processing, causality and correlation analysis, and machine learning.
• The high quality of delivered solutions is characterised primarily by data security. IoT technology provides a high level of information security thanks to end-to-end security mechanisms: all connections are protected by TLS, users are authenticated, all data is filtered using ACLs, MQTT message authorisation is applied based on topics, and security audit logs are stored in a DBMS with time stamps.
• IoT-powered technologies offer applications management and data processing, as well as data analytics, which allow companies to gain a better understanding of the input, output and real-time performances of their systems.
• Innovative technologies offer a higher level of safety for business owners. Wearable IoT devices can assure that employees are safe and secure while working in the office and remotely.
• By implementing smart management, business leaders can optimise single as well as complex operational processes, therefore enhancing effectiveness, and product quality as well as operational uptime.