These days, businesses are under pressure from all sides: externally from customers and competitors, and internally from management and shareholders. If you’re the business owner, you’re feeling this discomfort directly, which could be costing you sleep and peace of mind. Companies must innovate to drive profit, grow market share, and scale. Investing in technologies like IoT is the way to do that. Of course, you want a good return on your IoT investment.

To help you sleep better, here are 5 ways to get the most out of what you’ve put in:

🔶 ANALYSE DATA, ACCESS REAL-TIME BUSINESS INSIGHTS
Businesses generate huge amounts of data these days. This information, when properly analysed, provides valuable insight, allowing you to proactively make decisions and take action the moment your business needs it. It also bolsters communication and collaboration within a team, making your organisation run more smoothly.

🔶 DECREASE COSTS, INCREASE REVENUES
IoT solutions are an excellent way to cut costs and boost revenue, while also giving your business a competitive advantage. IoT can help you save on energy costs, for example, by using a network of connected sensors to monitor smart building systems and improve electrical efficiency.

🔶 IMPROVE PRODUCTIVITY, BOOST OPERATIONAL EFFICIENCY
Another way to increase profitability is to get maximum productivity and efficiency out of your operations by using IoT to optimise key business processes. If your business is manufacturing, real-time tracking of production, coupled with predictive maintenance of assets, for example, can go a long way to minimising downtime and maximising output.

🔶 FEWER ACCIDENTS, GREATER WORKPLACE SAFETY
Workplace safety is a big deal, and IoT devices can play a key role in ensuring worker safety. Wearable devices and embedded sensors, for example, protect workers in high-risk environments like construction, mining and heavy industry. Their vitals can be monitored, and they can be alerted immediately to any environmental risks like fumes or fall risks, while connected surveillance systems allow for continuous monitoring of different areas simultaneously.

🔶 START SMALL, SCALE STRATEGICALLY
With its ability to support organisations from all angles, IoT is a pivotal way to future-proof your business and achieve scale. Start with one IoT deployment, perfect it, and then apply what you have learnt to future deployments, and elsewhere in your business. This creates a strong base of understanding, skill and knowledge that you can build on as your business grows, achieving an enterprise-wide implementation and scaling with greater ease.

IoT enables innovation. And connectivity enables IoT. Adopting new tech into your business can feel overwhelming, but it doesn’t have to be all-consuming. Our IoT connectivity experts are ready to guide you: https://www.ionlinesp.com/.