Leveraging IoT Analytics for Business
Wed, April 14, 2021

Leveraging IoT Analytics for Business

Advances in tech help optimize business operations and enable data-driven solutions / Photo Credit: NicoElNino (via Shutterstock)

 

Technology is modernizing businesses in various ways such as optimizing operations, scaling products, and engaging with customers, according to Ernest Hamilton of Tech Times, a technology news platform. With the advent of IoT and analytics platforms, it is revolutionizing the business landscape by gathering quality insights and enabling data-driven solutions. With IoT devices, businesses can gather information that will aid in their day-to-day operations. 

Such insights can work by enhancing the operations of the company through asset monitoring, security, and fraud detection. Since analytical solutions are developed for processing real-time data, it uses machine learning techniques to aid businesses in grasping predictive analysis. With predictive analysis, companies will be aware of future circumstances that may impact their business positively or negatively. The integration IoT and analytics can offer businesses reports of “proper planning and utilization of resources.” Costs would be reduced when a business manages to utilize its resources. 

Implementing IoT in disaster management is one of the most successful ways to utilize the technology to date. For example, real-time data can be leveraged to aid in analysis and monitoring. This can be done with the help of warning systems powered with IoT sensors, allowing industries to make critical decisions based on statistical data. To illustrate, IoT sensors in manufacturing units can detect the rise in certain gases while raising an alarm, causing the machines to shut down automatically. This way, IoT analytics can offer measures for companies to adopt to prevent casualties during disasters. 

Business owners can rely on their smartphones to monitor real-time critical business operations. This has been made possible due to the union between IoT and analytics-driven cloud solutions and cross-platform mobile apps that enable the delivery of real-time insights on mobile devices. Therefore, business owners can make more intelligent decisions in real-time without relying on the results displayed on their computers. In order for businesses to enjoy the benefits of IoT analytics, business owners should combine IoT assets with Microsoft Azure services.