Interestingly, the Internet of Things isn’t a thing at all. It’s lots of little things. The power is in extending Internet connectivity beyond standard devices, such as computers and smartphones, to any range of traditional dumb or non-connected physical devices, products, and even human-driven processes. Embedded with technologies such as sensors, electronics, and actuators, these things are now able to connect, collect, and exchange data. These real-time interactions are disrupting status quo thinking, resulting in a quantum leap in productivity improvements, business process optimization and revenue growth.
Internet of Things is not new, machines have been connected for many years, but recent advancements in technology have led to significant functionality and performance improvements and the ability to connect what was once thought to be unconnectable. The result is not a revolution in technology, but a revolution on how companies can compete and dominate in their industry.
The average cost reduction from adopting IoT is 18%, and the most sophisticated users are achieving a 22% growth in revenue. – Vodafone, IoT Barometer 2019
For example, industrial and manufacturing companies are impacting the bottom line by better predicting preventative maintenance on new and pre-existing factory machinery, increasing throughput through real-time analysis of demand, and more precisely control inventories.
ConvIOT exists to assist companies in navigating the complexities of building scalable, maintainable, secure and cost-effective Internet of Things solutions with a built-in ROI.
*Vodafone, IoT Barometer 2017/2018
