How can IoT increase business prospects?

IoT has been incorporated in many ways to help boost business productivity since the expansion of internet-powered technology. One of the most prominent ways it has been put to good use is in real-time monitoring and tracking of inventory figures. It used to be the case that stock numbers needed to be counted by hand. But thanks to smart IoT devices, businesses can effortlessly track the number of products they have left in storage and utilise this data to make intelligent steps in the future relating to pushing or scaling back certain products, depending on how well or poorly they sell, to reduce costs and maximise potential revenue.

What happens if my internet-connected devices are still running on PSTN lines?

The PSTN switch-off in 2025 will see Openreach deactivate the lines that have powered UK communications and internet connections for decades. If your internet-connected devices are still running on these lines when the switch-off occurs, you will no longer be able to use them. In the case of phone and security systems, this could prove disastrous for businesses if they do not make the switch to a more appropriate, digital-based solution by this date. If you would like to know more about how Elite Group can help with this, get in touch today.

How can IoT help workers deliver better customer experiences?

Even though IoT devices present advantages that can hugely improve business processes, they also offer employees the chance to do the same themselves. For example, IoT has allowed for the automation of many processes which once had to be completed by physical workers. With the time and energy that is being saved as a result of automated processes, workers have the chance to focus more of their efforts on creating exceptional customer experiences, retaining customers and helping to attract new ones, to further push the business forward.

What are the challenges faced with IoT?

For all its impressive advantages, there are select challenges that may be presented by the expansion of IoT which must be overcome, if businesses hope to fully thrive - the obvious issue being internet speeds and bandwidth. As more and more items become internet-connected, the demands on existing bandwidth will continue to grow, which is why businesses must ensure they have robust enough business broadband to uphold a steady connection to accommodate all these new devices. If you’re concerned your current business broadband isn’t up to scratch, speak with an Elite expert today - we’d be happy to help.

Sophie Fleming

Name: What Is IoT and How Do You Stay Connected? | Elite Group
Uploaded: 2022-04-04T11:59:28+01:00
Channel: Sophie Fleming
Description: Everything you need to know about the Internet of Things, how it works and how it can benefit businesses like yours.