When most people hear the term Internet of Things (IoT), connected devices like smartphones, smart home appliances, are often top of mind.
But its impact is even greater than that. In today’s rapidly evolving digital landscape, IoT has emerged as a transformative force reshaping businesses across all industries. In fact, a recent Kaspersky study revealed that more than 50% of companies have implemented Artificial Intelligence (AI) and IoT into their infrastructures as of 2024, with 33% planning to do so in the next two years.
As businesses continue seeking innovative ways to enhance efficiency, reduce costs, and improve their customer experiences, it’s important to consider the implications and opportunities IoT technologies present. Whether you’re a seasoned entrepreneur or a brand-new startup, TDS can help propel your business forward through the power of IoT.
What is IoT?
According to IBM, the IoT refers to 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.
Until recently, internet access was limited to devices like laptops, smartphones, and tablets. IoT allows practically all home, office, or factory appliances to be connected and monitored remotely.
How can businesses use IoT?
While residential IoT is often discussed, it’s important to remember that businesses in nearly every industry can leverage IoT to create an intelligent network of devices that communicate together, gather valuable insights, and automate processes to drive efficiency and innovation.
Business owners should be aware of the potential to optimize operations and streamline workflows. IoT-enabled devices can monitor equipment performance, track inventory levels, and even predict maintenance needs in real-time.
For example, manufacturing plants can utilize IoT sensors to monitor machinery health, helping prevent costly breakdowns and minimize equipment downtime. Retail businesses can use IoT technology to track inventory levels, analyze customer traffic patterns, and personalize shopping experiences based on individual preferences.
What are potential IoT downsides?
One potential downside is that implementing IoT can be complex and challenging, especially for businesses with outdated infrastructure and legacy systems. Additionally, interoperability and compatibility issues can arise when integrating various IoT devices and platforms within a business ecosystem.
How can TDS help?
Scalability and data management are critical considerations, particularly as businesses collect and analyze large amounts of data generated by IoT devices. Implementing a scalable and reliable internet solution can help your business effectively harness the value of IoT-generated data. Whether you are a contractor, service space business, manufacturer, or retailer, we have the solution you need to grow your business.
Visit tdsbusiness.com to learn how we can equip your business for the future.
