Emerging IoT Business Opportunities: ReadWrite


As tied business devices and smart home and workplace devices take over the market, the Internet of Things (IoT) has gained even more momentum.

There is an interesting academic sidelight to this. It’s called the Internet of strings. Or IoSt. It was created in Berkeley a few years ago by mathematicians. They saw the coming Internet of Things as too corruptible by commercial and political factions.

String theory protects freedom of speech and unfiltered thought. Berkeley devoted himself to string theory. This theory is quite complicated. It is not understandable to most lay people.

In cyberspace, string theory creates chains of communication pathways. These pathways can then be used. The avenues exchange information. For automation. Or even to make payments using cyber currency. It is an amazing tool. This tool has just started working.

It is not yet publicized much outside of academic circles. But the Internet of the ropes is something to watch out for. Do you have questions about the Internet of Things? Keep your options open and your powder dry. This is the enthusiastic advice of the most successful entrepreneurs, CEOs and technicians.

With higher revenues, new opportunities arise for companies to use IoT.
Watch out for these emerging B2B IoT trends.

1. Voice-activated business technology

With the growing popularity of IoT devices, business-customer interactions are evolving.
Consider using modern voice technologies. Siri, Alexa, and Cortana search for items. The consumer orders.
This area of ​​IoT will explode in the future.
Tech-savvy companies can take advantage of this opportunity.
Voice technologies will replace customer service professionals and virtual assistants.
They can improve customer service, deliver a seamless experience, and increase efficiency.

2. Retail data analysis

Recent technical advancements enabled IoT.
Smart watches, digital thermostats, and smart speakers are all linked and collect data.
These devices are common. They can easily provide data from the retail industry.
Tracking customer activity in physical stores can be very beneficial for business owners.
Data from the cash register, store cameras and mobile customer apps can be linked to the development of customer service solutions.
The data can be used to optimize labor or inventory demands based on peak customer activity periods of the day or week.

SAFETY 3.

Every device connected to the Internet increases danger and susceptibility.
Many new specialized cyber organizations are developing, all claiming to safeguard you and your business.
For any organization, selecting the right cyber company is like “merging houses with someone.”
Insurance is a close neighbor.
Increasingly, companies want to hedge their cyber risk, which is costly.
Faster and more selective coverage.
These are industries poised for rapid expansion.

4. Internet telephony

Office desk phones have become an extremely adaptable communications device.
Making phone calls is simply one of the hundreds of capabilities that mobile phones enable.
Imagine an ever-increasing proactive use of social media. Based on location and proximity, marketers and reps are encouraged to interact. Queries and problems do not exist.

5. Real estate business

Environmentally friendly industrial structures are in great demand.
Investors are unaware of industrial companies.
You should invest if the building has enough IoT devices.
Inventory systems have IoT sensors and RFID tags.
We have smart shelves and temperature sensors.
These devices improve the corporate infrastructure. And the value of any building.
Anyone looking for new business prospects should consider the IoT real estate boom.

6. Seasonal retail business

Many people own smart speakers. Most use them to buy.
As voice search software improves, more people will use it to shop for their loved ones.
SEO gurus, ecommerce marketing experts, and others will land new jobs.

We will see more patient follow-up.
The ability to monitor a patient without having to visit the office. Cost reduction. Increasing the quality of treatment.
This is already happening. It is expanding with its potential.

8. Telemedicine

The use of IoT in the healthcare industry is noteworthy. It allows medical providers to provide treatment remotely.
It is now conceivable to operate on patients or monitor their health from afar.
In a sense, the application of IoT in medical services has changed the industry.

9. Inventory control

IoT can help retailers better manage their inventory.
In e-commerce or traditional retail, storing and monitoring items is an expensive process.
IoT devices can detect low stocks and buy replacements right away.
This saves time, space and money.
This reduces the customer’s bill without affecting profits.

10. Elderly care

IoT can be used to help the elderly and anyone who needs help, in my opinion.
IoT devices can help them keep track of their food and other needs, avoiding shortages.
People who cannot take care of themselves can use these devices to check their safety and health.

Image credit: Marek Levak; Pexels; Thanks!

Brad Anderson

Brad Anderson

ReadWrite Editor-in-Chief

Brad is the editor who oversees the contributed content on ReadWrite.com. He previously worked as an editor at PayPal and Crunchbase. You can reach him in brad at readwrite.com.


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