They key to business success is making business processes more efficient and profitable and the Internet of Things (IoT) has the power to do so. Expected to reach $150US Billion by 2024, it’s time to ask yourself if your business is ready.
Signs your business is IoT ready
The first question to ask is if your network has the ability to handle a multitude of connections and an increase in the flow of information. If your network is currently slow and experiencing contention with a small number of connected devices, it is inevitable that your business will run into problems upon scaling towards growth and the use of IoT. The matter at hand will be the growth in the number of endpoints connected to your network and that all of these devices will have their own IP addresses and your network may not be able to accommodate all of these endpoints.
In order for IoT to function properly, the applications require real time data, meaning your network cannot afford to experience any outages. In order to remain confident that your network will not experience unexpected outages, your network provider must guarantee that the network provided will have near perfect levels of uptime.
Looking for the right partner
Latest findings suggest that 29% of organisations across the globe have adopted IoT to some measure, and is expected to rise to 48% over the next 12 months. The race to join the IoT gold rush is heavily linked to the cost savings and product enhancement benefits. Therefore, finding the right partner to capitalise on these benefits is key and involves finding a partner that is IoT ready themselves. More importantly, a provider that owns the network infrastructure is key, as this will ensure that the provider has a vested interest in maintaining a fully operational network, in turn providing reliable network that can easily withstand the demands of IoT.
In 2018, standardisation on IoT devices is a must. If you’re unsure your network is ready for IoT, contact the team at 5G Networks on 1300 546 389 to be connected with one of our specialist channel partners and kick-start your transformation, enabled by high performance networks.