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Dr Saarthak Bakshi

The author is CEO, International Fertility Centre

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How IoT Has Been Changing The Face Of Business

Internet of Things is infusing brains into machines and pushing the business to develop unfathomable relations with its customers

Internet of Things

Business in the 21st Century has been deviated from its streamlined path and is very dynamic and easily adaptable to the changes around. All the existing businessmen in today’s market really need to be vigorous, enterprising and flexible to the environmental changes. Businesses that do not subsist and survive with the advancing changes, get stagnant while also experiencing a fall in their success rates radically. 

The Internet of Things (IoT) is the next big and stimulating projections for contemporary enterprises, as it has the capability to transfigure and modernise everything. In simple words, Internet of Things is infusing brains into machines and pushing the business to develop unfathomable relations with its customers. It systemises and streamlines operation thereby elevating the productive quotient of the business. 

1.Augmented Outputs and Efficiency

The Internet of Things shall eventually change the face of the business, in fact that it will make greater developments and more advancement in less time as compared to the previous scenario. It shall keep better track of inventories with lesser human intervention and mistakes. Its network with the consolidated systems makes it much easier to direct and control it. This shall relatively reduce the staffing process thereby leading to better management and human errors. The IoT shall enhance the customer satisfaction thereby creating loyal customers for the firm. 

2.Role in the Healthcare

Healthcare is an indispensible sector and significantly collects the greatest amount of data. The data of the medical records of the patients and health problems needs to be maintained in a proper manner in order to prevent its misuse. Therefore, Remote Health Monitoring Devices & Mobile Apps have been curated for regular communication of health conditions to patients and their families. The Wearable Devices easily detect the medical situation of the patient thereby directly sharing it with the doctors and give the right treatment even at the time of emergencies. All the devices and the technologies have been developed keeping in lieu the Patient Centric Care.

3.Better Decisions leads to Efficacious Business Operations

The Internet of Things gives better results with systemization in resources and efforts. This thereby, leads to the business owner or the entrepreneur taking better deductions of the shortfalls of the business. This shall enhance the operations of the business and collect more and further explicit response on their loopholes and shortcomings. 

4.Upgraded Security Levels

IoT helps in tracking the employee efficiency that has a direct relation with the success of the business which also, keeps a track on the safety and security. The devices connected to their bodies can effectively detect if the employee is working or even is medical condition. It can easily sense if something is not right or urgently requires attention. Its senses their motions and communicates the same. 

Conclusion 

Technology is definitely a boon for the businesses if dealt with it correctly. When should always make sure that this advancing technology must not be a burden to the mankind. India being a poverty-stricken country shall only be able to revolutionize when everybody will be educated or serviceable enough to use this technology. Only its creation is not important enough, its proper usage and implementation is even more vital.

Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house


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