The Internet of Things (IoT) has continuously endured as an automation tool but this prevailing disruption will intensify the adoption of IoT just like it did for collaborative virtual meeting platforms. It’s indisputable that technology is supporting us to get through the unprecedented measures that have been put in place as a response to the global COVID-19 pandemic.
The Coronavirus is having an exceptional impact on our society and our economy, presenting obvious indications that several technologies will see accelerated adoption in the coming years.
The year has seen the IoT technology being leveraged for remote monitoring, preventing the failure of critical equipment, disease prediction and diagnosis, which has propelled more companies to adopt IoT. Even more importantly, the IoT technology is playing a growing role in helping officials prevent further spread of COVID-19, while also attending to those that are unfortunately infected.
Why Has IoT Adoption Become More Critical?
The need for more transparency, decrease in Capex and automation of processes do justify why some enterprise IoT applications right now are in tremendous demand. Both businesses and enterprises currently managing employees working from home, therefore relying extensively on remote-based monitoring of the workforce, which is intensifying the demand for IoT services. This assists in bringing transparency, collaboration, real-time tracking, improve device security and management, as well as ensure meeting government compliance.
The outbreak of the COVID-19 pandemic has been so intense that it has severely halted all operations across major verticals. Industries all around the globe are struggling to cope up with the rising challenges of meeting both employee and client requirements. As a result, nations have either temporarily shut down numerous operations or are operating industries at 25% workforce capacity, as the majority of enterprises have provided work from home facilities for employees amid the COVID-19 outbreak.
There is a notable ramp-up in collaboration technologies such as video conferencing solutions. One such application; Zoom has become the poster child of the impact of Covid-19 on technology. Users for the video conferencing application is surging during the crisis, as it has skyrocketed from 10 million users in December 2019 to 200 million daily users in March 2020. There has also been critical demand for other technological advancements such as:
1. The Remote Working Infrastructure (Laptops, Hand Held Devices, Connectivity, etc)
2. Collaboration Tools (Video Conferencing Applications, Team Chat, Project Planning, etc)
3. Virtualization Infrastructure (Remote Desktops)
4. VPN Networking, OTT And Live Video Channels
5. Cloud Application Integrations And SD-WAN Implementation
6. Cyber Security And Reliable Connectivity Over Networks
7. Product Engineering And Software Development
8. IoT Scanners, Thermal Heat Detectors
Why Businesses Must Focus on IoT Services From 2020 Onwards?
Beyond the traditional IoT implementations, cognitive computing is expanding the significance of data to enhance the learning environment and improve the possibilities of what can be accomplished with edge analytics. These innovative technologies are making sensors proficient in diagnosing, detecting and accommodating to their environment without the demand for human intervention. Another tremendous advantage of cognitive IoT is the capability to connect multiple data streams that can recognize patterns and give considerably more context than would be otherwise available.
As more people get comfortable from remote working and interacting digitally, IoT technology is just what enterprises require as it is the most accurate technology under this circumstance. That’s exactly why some business operating spheres may develop a lot because of IoT integration into their processes. Here’s how IoT services can makes an impact on businesses!
IoT Helps Reduce Capital Expenses (CapEx) & Operating Expenses (OpEx)
IoT systems dramatically profit from localized data collection. The more linear the data localization, the more reliable business decisions can be. Therefore, it is imperative for the IoT sensor devices to be cost-effective to facilitate widespread deployments in industries and manufacturing warehouses, therefore reducing CapEx & OpEx.
In short, IoT technology can implement services to industries over the life of the product deployed, basically with the currently limited workforce due to COVID-19, hence, preserving the consumer’s investment. Nevertheless, any manufacturer connected to the IIoT services can accumulate data and OTA capacities to maintain a reliable revenue stream for years.
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