Tag Archives: Internet of Things

Digital Transformation and IoT

Digital transformation and IoT are now working together. How? Read on below to know, then.

What is Digital Transformation?

Digital Transformation (Dx) is the process of changing an organization’s business model. To respond to new digital technologies and taking advantage of emerging digital opportunities. It is also an ongoing digital evolution that requires a rethinking of the way we work. As well as how and do business to deliver value and remain competitive in a fast-changing world. 

Dx is about:

  • How we work. Changing our work style and processes to leverage new technologies and delivery models.
  • How we use technology. Extending digital capabilities to the edge of the enterprise.
  • How we partner. Working with customers, suppliers, and employees. Also, with external agencies to create better experiences for all parties.

What is IoT?

The Internet of Things or IoT is the network of physical devices, vehicles, home appliances, and other items embedded with

  • Electronics
  • Software
  • Sensors
  • Actuators
  • Connectivity

These enable these objects to connect and exchange data. These devices also collect and exchange data with the manufacturer, operator, and/or other connected devices and applications sometimes in the cloud.

Digital Transformation and IoT Working Together

IoT is a major enabler of Dx. Using IoT technologies, Dx can also enable a company to change its business model to respond to new digital opportunities. Further, IoT technologies can help a company create an end-to-end digital business model that delivers new kinds of value to customers, partners, and employees.

The following are the key areas where IoT plays a role in Dx: 

  • Business model reinvented. Digital technologies such as sensors and actuators, cloud computing, and analytics enable new ways to design products and services. By connecting physical objects with digital technologies, it is possible to deliver new kinds of digital services. For example, a company can connect its products and services with embedded sensors and cloud analytics to monitor and analyze how they are used.
  • Customer experience. Digital technologies can help businesses design better customer experiences. When connected with the right software, these objects can provide personalized information. And services based on customer preferences or needs. For example, a retail store can use beacon technology to connect with customers’ mobile devices. To enhance the shopping experience through location-based promotions. Moreover, an oil company can use IoT to check the performance of its facilities in real-time. And provide predictive maintenance services before equipment breaks down.
  • Business process redesign. Digital technologies can be used to redesign business processes. It enables businesses to complete repetitive tasks faster by leveraging technology. For example, smart manufacturing allows manufacturers to use IoT technologies. For collecting information from connected equipment to analyze production conditions in real-time which decreases downtime due to failures. Dx & IoT have the power to transform organizations by delivering new kinds of value for customers, employees, partners & shareholders.

Conclusion

IoT has helped many enterprises in achieving their Dx goals smoothly by making the whole process easier & effective. Dx & IoT are not limited to the above points; rather you can explore more use cases of these two terms along with their benefits for your enterprise.

So what are you waiting for? Transform your enterprise now, too!

Digital Transformation and IoT

Digital transformation and IoT are now starting to work together. More and more companies are seeing the value and potential IoT devices can offer to them. How, then, can the Internet of Things (IoT) help with digital transformation? Read on to know more.

Digital Transformation and IoT

Makes IoT Devices and IT Systems Work Better Together

Data analytics can be used to make the IoT devices and IT systems work better together. This you can monitor, control, and manage these devices more effectively. The analysis of data from devices can help improve the efficiency and effectiveness of these systems. It can also help to automate processes that are currently manual or complex.

Smart sensors and smart meters are examples of two types of devices that can be used for data collection and analytics. A smart sensor is a device that measures one or more physical or environmental variables. When, for instance, you out sensors in a production line, they can monitor conditions. Like temperature, pressure, vibration, and other parameters. Smart meters can also measure the amount of electricity consumed by a household or business unit over some time. The data collected through these smart devices can then be analyzed. Thus, helping improve the efficiency and effectiveness of IT systems.

Improves Decision Making

IoT makes it possible for companies to make faster, better decisions. For example, an oil exploration company wants to determine where to drill first to maximize its profits in the shortest possible time. It uses information from its fleet of sensors located at different locations. Thus, enabling it to make a quick decision about where to drill first. Hence maximizing profits quicker than if it had only relied on data from its geologists who were not always on site.

IoT Data Can Be Combined with Data from Other Sources

With IoT devices collecting data about the physical environment around us (e.g., temperature), we can combine this data with data from other sources (e.g., social media). This means we can capture more data points about our world than if we had information from only one source. This is a phenomenon they call big data analytics. This allows us to measure our physical environments more accurately than before. This kind of analysis can help in making better decisions faster than before. All with fewer mistakes since we have so many more facts at our disposal in real-time to inform our decision-making process.

For example, Facebook has over 2 billion users worldwide who share their status updates on Facebook almost every day. This means there is a huge amount of valuable information available on this platform. A digital marketing agency could tap into this rich source of information and combine it with the location-specific information available through an IoT platform.

Use The Right IoT for Your Digital Transformation

As you can see, IoT is a technology that is helping companies to make better decisions faster than before. This is because they can collect and analyze data from many sources. So, what are you waiting for? Use the right IoT devices now.