IoT

IoT is a new form of Digital Engagement derive insights for continuous improvements. The Internet of Things (IoT) is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction. IoT is about making your data come together in new ways. A thing, in the Internet of Things, can be a person with a heart monitor implant, an automobile that has built-in sensors to alert the driver when tank is low - or any other natural or man-made object that can be assigned an IP address and provided with the ability to transfer data over a network.

There are more than 15 billion connected devices in the world. Innovative companies are adopting IoT strategy and technology to rethink their products and services and redefine their relationships with customers, employees and partners.

IoT has evolved from the convergence of wireless technologies, MEMS, microservices and the internet. The convergence allows unstructured machine-generated data to be analyzed for insights that will drive improvements. Today computers and the internet are almost wholly dependent on human beings for information. The problem is, people have limited time, attention, availability and accuracy, all of which means they are not very good at capturing data about things in the real world. If we had computers that knew everything there was to know about things; using data they gathered without any help from us; we would be able to track and count everything and greatly reduce waste, loss and cost, thats where IoT comes in picture.

Practical applications of IoT technology can be found in many industries today, including agriculture, building, healthcare, energy, accountancy, transportation etc.

Connecting the sensors, devices and machines in the physical world to the Internet creates multiple new digital opportunities for industries, including:

  • Personalized in-store shopping experiences
  • Remote monitoring of clinical trials and medical devices
  • Banks providing better offers and more engagement via tellers and ATMs
  • Predicting when equipment will need maintenance
  • Insurers increasing revenue through asset monitoring

TechnoSIP partners with our customers and clients to identify IoT business cases and put into place the technology to create entirely new business models and revenue streams, while reducing costs and expenses. Connecting everything drive positive business results like reduction in cost etc.

 

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