Article

vaibhav bhatt
vaibhav bhatt 29 June 2016

IoT for Small Business – Impact and Future Prospects

Internet of Things impact on small business operations and the barriers to their rapid adaptation – Gauging the return on investment and its long-term viability

Internet of Things (IoT) and the technologies associated with it are creating immense excitement amongst its proponents worldwide. While no one ignores its many benefits, its adaptation among small enterprises is still rather slow. As per a survey by The Economist Intelligence Unit of 561 executives globally, to study the scale of adoption of IoT among manufacturing businesses, only 19% were planning radical changes to adopt the new technologies while 39% had just introduced digital training.

Technically, IoT is still in its nascent stage of growth as the application and uses of the diverse IoT technologies is still being understood and conceived by the developers. The primary issue that is pointed out is that the devices must be able to communicate with one another, irrespective of the brand. Also, no international standards have been established for the IoT communication protocols, making it difficult for small businesses to establish standards of practice. The absence of regulation leads to the even greater problem of security, thus adding a question mark to its value.

The Way Forward– Telecom companies such as AT&T have set up platforms for education businesses on IoT technologies and their easy adoption. Further, an initiative by businesses to educate employees in application of technology at work goes a long way in easy adoption.

IoT SaaS applications that create a seamless interaction between mobile devices and other web-enabled technology are fast replacing software applications as low-cost alternatives that are easy to use. Mobile application development leveraging technologies such as Beacons, GPS, Map, Voice recognition etc. are economically viable and easily integrated into the most complex technologies. Further, cloud technology adds impetus through easy data management in a secure environment. These initiatives are promoting early adoption of IoT-based software technologies.

Mobile Application Development companies with dedicated teams are working extensively on IoT-based applications that are connected to the cloud. These applications are highly suitable for start-ups who can own the applications without the hassle of software subscriptions and customise them to match their needs entirely. JavaScript-based scalable solutions enable businesses to focus on management and business, without the hassle of hiring in-house software technicians.

As awareness grows, the adoption rate is likely to increase for IoT-based mobility solutions that will automate business operations and end-to-end processes.

Please login or register to add a comment.

Contribute Now!

Loving our articles? Do you have an insightful post that you want to shout about? Well, you've come to the right place! We are always looking for fresh Doughnuts to be a part of our community.

Popular Articles

See all
7 reasons why social media marketing is important for your business

7 reasons why social media marketing is important for your business

Social media is quickly becoming one of the most important aspects of digital marketing, which provides incredible benefits that help reach millions of customers worldwide. And if you are not applying this profitable...

Sharron Nelson
Sharron Nelson 6 February 2018
Read more
Digital Marketing Vs. Traditional Marketing: Which One Is Better?

Digital Marketing Vs. Traditional Marketing: Which One Is Better?

What's the difference between digital marketing and traditional marketing, and why does it matter? The answers may surprise you.

Julie Cave
Julie Cave 14 July 2016
Read more
Top 10 B2B Platforms to Help your Business Grow Worldwide

Top 10 B2B Platforms to Help your Business Grow Worldwide

Although the trend of a Business to Business portal is not new but the evolution of technology has indeed changed the way they function. Additional digital trading features and branding has taken the place of...

Salman Sharif
Salman Sharif 7 July 2017
Read more
What Marketing Content Do Different Age Groups like to Consume?

What Marketing Content Do Different Age Groups like to Consume?

Today marketers have a wide choice of different content types to create; from video to blogs, from memes to whitepapers. But which types of content are most suitable for different age groups?

Lisa Curry
Lisa Curry 21 October 2016
Read more
Collection Of The Best Email Testing Tools Online

Collection Of The Best Email Testing Tools Online

Don’t be afraid of email testing. There are many free or freemium tools online that can help you with testing your SPAM score, deliverability and even the rendering of your email. We feature 30 email testing tools in...

Roland Pokornyik
Roland Pokornyik 31 October 2016
Read more