Internet of Things (IoT) Industry Growth: Business Solutions

internet of things (IoT) consulting and strategyInnovative technology solutions for business keep growing and expanding to keep up with technology requirements for industry. Internet of Things (IoT) industry growth has seen an increase in device usage for a variety of different industries and purposes. Certain industries, including healthcare, manufacturing, and agriculture, have grown in their use of IoT to improve productivity in Boston and the surrounding area. Technology studies reveal that as IoT devices are becoming more affordable, it is estimated that as many as 75 billion such devices could be in the hands of consumers worldwide by 2025. Businesses have taken notice and are using the technology to gain essential insight about their customers to help streamline processes and boost sales.

How IoT Devices Are Used

Figuring out the best way to use these innovative technology solutions to your advantage can be the biggest hurdle to maximizing the potential of Internet of Things (IoT) devices. Industry studies reveal that most businesses were using these devices for remote monitoring management, preventive maintenance, and asset tracking. Choosing options that will deliver continuous value for both the company and the consumer should be a primary goal. Industry experts anticipate that the global economic impact of IoT devices won’t just improve productivity in Boston, but could eventually grow to a value of $11 trillion by 2025.

While the healthcare, manufacturing, and agriculture industries are taking the lead, others are taking notice and following suit. The energy industry, for example, is looking to incorporate the technology into their current business model to increase profits in the near future. While 2025 is the year that most experts are looking to as a benchmark for the success of IoT in business, there’s no reason to sit back and wait at this stage. Many companies are currently using IoT devices to augment their existing offerings and provide more value to their customers through increased data, tracking, and services.

Maximize the Return on Investment (ROI)

However, while there are many industries that are already exploiting the advantages of Internet of Things (IoT) technology and looking to the future, there are others who have rushed in with no regard as to how these innovative technology solutions might be used. In order the maximize the return on your investment with IoT devices, make sure to discuss your needs, goals, budget, and application ideas with one of our consultants at Synivate. There’s no point in investing in devices or software that you might not even use just for the sake of doing it.

Our engineers and technicians will work with your team to develop useful applications of IoT technology to make the most of opportunities for remote monitoring management, preventive maintenance, asset tracking, and industry-specific uses. As Internet of Things (IoT) continues to develop, grow, and evolve, our team will help you to maximize the return on your investment and increase your reach with B2B (business-to-business) or B2C (business-to-consumer) applications that make the most sense for your business model. We can design custom strategies and implement, manage, and monitor your IoT solutions.

Professional Industry Solutions

Whether your goal is to improve productivity in Boston or invest in remote monitoring management for your entire network, Synivate can help you with our innovative technology solutions. We can design custom IT security strategies to address internal and external threats, establish plans for business continuity, and develop data backup strategies and IT disaster recovery plans. Our team can assist with implementing cloud computing solutions while offering extended services for managing and monitoring those systems. We can create a unified communications solution that will integrate all of the various communication and collaboration systems that you require to do business.

Our consultants can help you develop custom solutions for Internet of Things (IoT) device management, software, and data collection and assist in establishing a strategy to professionally manage it all for the success of your business. Contact our team to schedule a meeting that will help us learn more about your company, the industry that you serve, and your goals for the future. Call today at 617-517-0704 or use our online contact form to reach out to one of our team members. We can answer any questions that you might have about our innovative technology solutions or provide you with a comprehensive assessment of your current IT requirements.