Be it workplace or outside “ the internet of things (IoT) has become one of the most trending topics of conversation in both the places. It has the potential to leave a big impact on our lives whether it’s at work or at home. But what exactly is the “Internet of things” and is it really going to have a big impact on our lives? Every now and then we get to know about lots of complexities regarding internet of things but it would be easier to understand if we stick to the basics. There are a lot of conversation rolling everywhere that is either technical or policy related, but people are still seeking to grasp the groundwork of what exactly the conversation is about.
Let’s start with something that is easily digestible (not in literal sense, of course):
A perfect storm is being created for IoT as broadband is widely available and every other person is using it. There was a time when internet connection used to cost a fortune but now it has eventually decreased and there has been a rise in the consumption of devices that are capable of being connected via Wi-Fi because of sensors built in them. The technology used to cost a lot but now over time the cost is going down.
If you still haven’t understood what IoT is then let me put it up in a simpler way, it is the concept of connecting devices with an on and off internet connection. Tablets, mobile phones, computers, laptop, camera, headphones, and almost everything else you can come up with. Not only gadgets are included in the list but their component machines too, like a jet engine of an aeroplane. Like I said, if there is an on and off switch, then there are a lot of chances that the device is the part of the IoT. According to a research performed by some internationally acclaimed analyst, by the year 2020, there will be more than 26 billion connected devices. While some say that there are chances that it would be higher than over 100 billion or so.
The statement will be hundred percent relevant if we say that IoT is a game changer. Despite the fact that it has connected the whole world with tiniest of the devices, there are security threats as well. It is so convenient for us to connect so many devices together, but it comes with numerous of threats.
Regardless of what these internet providing companies portray and tell us how safe and secure we are on the internet, we are still prone to cyber-attacks, no matter what. You must be wondering where we need to be cautious and how can we stay safe from security threats and still enjoy the benefits of new technology. Here are variety of IoT ideas that will help to boost-up your start-up business
Access to Data
Marketers and entrepreneurs must have a lot of data related to everything that is connected to their business. Because data is something that connects them with consumers and helps them to interact more. This way they have access to information than ever. Smart devices are able to track the behaviour of consumers and buyers, making it possible to learn more about them, making intelligent recommendations and customizing searches in new ways. Companies can grow their business by taking advantage of this and can come up with more effective advertising. They get to know more about their demographic data or more specifically, target demographics on a qualitative level. From research to purchase and implementation, there are more chances of having data of the consumer buying cycle on every stage.
Increasing Efficiency and Productivity
Not just speed, you will be able to do a lot in comparatively less time. Excessive use of technology in business tends to boost up productivity and efficiency. The modern and highest IoT developments will probably permit you and your employees to accomplish significant and large-scale tasks earlier and with more accuracy, including data analysis and management. When you are prone to using IoT in your business, you may find that you need fewer employees and staff members, or else you’ll be able to scale operations in new areas that allow you to expand your business.
Quickness and Convenience
Since consumers will be accessible to latest forms of research and buying, the cycle of purchase is most likely to reduce in length. Buyers will be able to place orders for the product they are looking for and they will find exactly the same, and their demand for earlier delivery will rise. Luckily, you will be able to fulfil the needs of your customers because you will also have similar advanced technology at their disposal.
Here are few of the emerging IoT based business that you can start up with at very little or no cost:
Smart Parking
AN app that will help drivers to find space in the parking lot when all the driver can see is vacant parking. Although, many companies are already working on it and have tested it which was successful. But this can be your startup success idea.
Smart Dustbin
IoT based dustbins which send messages to the collector of garbage when the bins are full or stinky. Not only it will save time but money as well and good for hygiene, helping people to keep their surroundings clean.
Smart Diaper Alarm
It can be some sort of device placed near the baby that will push a notification on mothers’ mobile phone when the diaper needs to be changed.
