The adaptation of IoT in businesses is picking up the pace. Many enterprises throughout the world believe connected technology is an element to increase operational efficiency, enable smooth functional work, optimize available resources, and provide a better experience for customers.
A recent study revealed that more than 70% of global firms are either searching or deploying IoT solutions to ensure growth and success shortly. However, certain factors have undermined the implementation of IoT momentum.
- Security concerns
- Return on Investment
- Lack of skilled staffs to handle IoT operations
- Huge investments
IoT Solutions are Enterprise Ready
Though there are certain drawbacks, IoT has become a Holy Grail for B2B enterprises. Companies are using advanced IoT sensors in their machinery to optimize production and mitigate the probable risks.
Manufacturing and Energy industries are using drones to monitor the workflow, maintenance, and resource optimization. Whereas, the automobile industry is using the technology to design self-driving cars. The use of IoT has eased different hassles for many enterprises and reduced the requirement of human intervention.
Besides that, companies are also leveraging IoT solutions for data storage and analysis. This, in turn, has facilitated them with customer information, current trends, and predictive maintenance. And the best part is that the cost of IoT technology has reached the minimal point, making it an affordable solution for different entities.
If we turn our heads and look around, there is an assortment of enterprise level IoT solutions. However, many solutions fail to meet the standards. According to Michael Jude, research manager at Frost & Sullivan, “there’s a myriad of kinds of sensors, they talk different languages, and there are no standards for implementing IoT right now. More and more devices are becoming intelligent, but the fabrics that knit them together regarding collecting data and processing aren’t there. If you just place sensors everywhere, it doesn’t do any good — you need big data to manage IoT,”
The potential risks of IoT are massive, while the manufacturers are not doing anything about it. On the other hand, companies are eager to adopt IoT technology despite the risks. This leads to security attacks as hackers have an easy way to enter the host’s database and system.
Undoubtedly IoT is becoming an indispensable part of every organization. However, if you are willing to IoT technology, make sure that you purchase it from the trusted source. Otherwise, it can alter your business operation and open the gates for hackers to ruin everything.