Technology is changing the way we live, work and play, and right now it affects almost every aspect of our lives. A technology-enabled office enables employees to work smarter and faster, driving productivity and bottom line.
According to Genetec, a business intelligence solutions provider, by 2030, 500 billion devices will be connected. Having access to more data enables companies to improve and create new ties in operations, marketing and human resources.
Additionally, by merging IoT with analytical tools companies can gain valuable insights from a wide variety of data.
In today’s technology-driven world, employees have more flexible work hours and can telecommute from anywhere. From a couch in the office, from their home kitchen, at a coffee shop, or even on the beach.
And surprisingly, productivity has never been higher. It’s less about where the work is done and more about how the work is done.
Many studies confirm that combining technology, smart Building and innovative office design makes the workspace more productive.
And in an era where workplace culture is more important than ever, office design and functionality can have a major impact on productivity, employee acquisition and retention.
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1. Efficient Processes
One of the greatest benefits of IoT is the efficiency it can deliver. Many companies use it to automation, remotely monitor and control operations, optimize supply chains, and conserve resources.
Being connected enables companies to be smarter with real-time operational insights while reducing operational costs.
Data collected from the logistics network, factory floor, or supply chain will help reduce inventory, time to market, and downtime due to maintenance.
Also Read: Best IoT Programming Languages 2020
2. Improved Security
Integrated IoT services with sensors and video cameras help monitor the workplace to ensure equipment safety. IoT connectivity coordinates multiple teams to solve problems quickly.
Having an intelligent security system allows you to monitor everything, give access to staff only at their time of entry. In addition, you can also protect your office equipment and digital files.
3. Increase Productivity
Productivity plays a key role in the profitability of any business. With IoT, it is possible to improve the productivity of any company through automation, monitoring and data collection, which will allow to substantially improve processes and increase the levels of company governance.
In addition, real-time communication improves the speed of decision-making & operating times, which ultimately translate into a better experience.
For Example, Whiteboards are useful in planning projects and other work-life activities, but they can save and print the information that is written on them. This is very efficient as it saves time taking notes and thus improves productivity.
Also Read: The Demand IoT Places On Your Data Centre
4. Cost Savings
Better asset utilization, productivity, and process efficiency can save your expenses. For example, predictive analytics and real-time diagnostics reduce maintenance costs.
IoT driven innovations can reduce time to market and increase ROI. IoT technology has the potential to transform the way consumers and businesses approach the world.
Although IoT offers great potential value, organizations need to overcome some significant challenges.
5. More Business Opportunities
IoT opens the door for new business opportunities and benefits companies from new revenue streams powered by advanced business services.
The more connected devices are, the more connected people are. The data will not be grouped into a single industry in particular but will be used in different sectors and companies, driving innovation.
For example, smart vehicle data can help improve traffic, in turn helping to improve smart cities, which can make energy use more efficient, and so on. These benefits of the Internet of Things mean new opportunities for businesses.
Also Read: How the Internet of Things is Transforming the Future of Agriculture
6. Improved Asset Utilization
Finally, with the IoT, companies obtain real-time control of their assets. In this way, they can locate incidents that interfere with production performance and improve company revenues.
In general, with Improved Asset Utilization and real-time analytics, companies can understand consumer needs.
Likewise, companies can offer the best possible service and ensure a correct balance between security, loss prevention and customer service.
