The Internet of Things (IoT) is a phrase that’s being bandied around a lot recently, but it’s not just a snazzy catch phrase for connected devices; it can have a real impact on businesses. In fact, IoT will revolutionise our operations and processes by helping to reduce business costs and boost profits.
When looking into the implementation of IoT it’s clear that it could have a hugely positive impact on small businesses. By connecting devices, small business will be able to save money. This will put them on a more level playing field with the larger companies who previously were able to monopolise the market. The extra money saved on things like energy and labour costs give small businesses the chance to invest in areas they previously were unable to.