Although it might feel a little overwhelming, the Internet of Things offers a significant amount of value to small-to-medium enterprises. Through it, you can access cost-effective digital solutions for repetitive (often boring) tasks like accounting, sales outreach, and administration.
What is the Internet of Things?
The IBM defines the Internet of Things as “a network of physical devices, vehicles, appliances, and other physical objects that are embedded with sensors, software, and network connectivity, allowing them to collect and share data.” In the business world, this refers to the technology that enables cloud computing, allowing you to operate on an international scale.
How Can Businesses Leverage the Internet of Things?
Because the Internet of Things enables your devices to communicate with each other, collected data gets transferred between systems to ultimately give you a comprehensive overview of your digital ecosystem. This insight is invaluable.
The Benefits of the Internet of Things for Small Businesses
For small-to-medium businesses, cheap access to real-time data collection isn’t something that can be scoffed at. Every scrap of insight you can generate about your business will help you be more informed and make better decisions. Soon, you’ll be benefiting from improved efficiency, reduced costs, and increased profit margins. This will allow you to scale your revenue in an increasingly competitive global market and build the business of your dreams.
What is the Future of the Internet of Things?
According to Statista, the Internet of Things market is expected to see significant growth over the next four years. By 2029, it’s annual revenue will reach £24.5 billion in the United Kingdom alone – increasing at a CAGR of 9.63%. This hints at rapid adoption across individuals, organisations, and businesses.
Do you want to be left behind?
Keytech would be happy to aid your business get up-to-speed with the latest technology available, We regularly share advice via our Knowledge Base, provide 24/7 system monitoring, and offer a free consultation call to all businesses looking to improve their digital ecosystem. Contact us today to find out more.
