How Your Small Business Can Take Advantage of the IoT Wave
From self-driving cars, tiny chips, automatic response sensors, smart machines to smart watches, the era of connected devices is already here. The IoT refers to the idea of connecting billions of devices to the internet. This concept has mostly affected how people are conducting business today.
Presently, technology plays a primary role in any business development. Both small and large businesses are embracing the state-of-the-art technology to keep speed with the stiff competition and the current clients' expectation.
According to world giant tech companies like Google, Xero, and Cisco, the world of business has only felt the surface of what technologies such as IoT and cloud technology has to offer.
Though big business and companies have already transformed in technology, small businesses and entrepreneurs are yet to venture into this new level of technology that makes the world a global village.
It is predicted that by 2020, small businesses will be dominated by smart machines and connected devices. Small businesses and other emerging areas of business will experience a rapid growth of connected things, leading to enhanced safety and security, improved marketing endeavors, and developing new business models.
Small businesses and entrepreneurs can benefit a great deal from the IoT applications to step up against ...Read More on Datafloq
Why Enhanced Connectivity Offers the Opportunity for Superior Data Analysis
Today's small businesses often have more numerous opportunities to employ data analysis than they might realize. Devices, appliances and equipment that maintain a constant connection to the Internet can often yield valuable information suitable for use in data analysis efforts. Being able to develop a clearer picture of their needs, situation and any opportunities that may be just over the horizon can ensure that small businesses are able to enhance the overall efficiency and profitability of their operations. The enhanced connectivity behind the so-called Internet of Things may offer significant benefits when it comes to auditing or analyzing data.
Putting Big Data to Work for Small Businesses
When it comes to the competitive world of business, being able to base decisions on more accurate information is often crucial. Small businesses can utilize data analysis in order to fine-tune cost-effective marketing efforts, analyze their current operations in an effort to identify areas of waste or inefficiency as well as ensuring that future policy changes and the implementation of new workflow processes may be tracked and assessed to greater effect. The electronic devices, systems and business equipment that businesses may rely upon during the course of their day to day operations may be able ...Read More on Datafloq
What Big Data Can Do For Your Small Business
One of the most challenging aspects of running a business is managing the large volume of data it encounters on a day to day basis. Properly managing this information can provide some potentially useful insights that may ultimately increase your business’ capital. However, due to the large amount of data, those that contain invaluable knowledge are often buried underneath all the irrelevant information. Managing data may seem like a waste of time and effort when it produces no result. But once you learn how to efficiently manage big data, you’ll be able to make better decisions and plan better strategies for the betterment of your small business. Here’s how you can increase the capital of your small business by managing big data.
Hire Big Data Talent
The need for employees that are skilled in data analytics is dramatically increasing especially now that the world is mostly relying on technology to function. Thus, there is a shortage of employees that are exceptionally skilled in data analysis. Even for small businesses, one or two analytics expert is rarely enough. Building a team of highly skilled big data analytics experts, on the other hand, will make it easier for you to identify and address the ...Read More on Datafloq
What Is Fog Computing? And Why It Matters In Our IoT And Big Data World
Fog computing is a disruptive technology that adds another level of complexity to Cloud computing, which is the centralization of information into the hands of developers like Amazon (S3) who offer both massive storage and data analytics and processing for the data on their servers. Fog computing is a term that was laid out by a Cisco Systems paper, and is also known by IBM as “Edge Computing”. Fog computing is positioned to revolutionize production systems, transportation, and even the networks on which we execute business daily.
Contributions to Cloud Computing
Fog computing contributes to the Cloud computing platform by allowing for devices to transmit and process sensory data, system updates, and even application processing amongst themselves. The need for the Fog contribution is shown in a study by Forbes, which points out that the U.S. is ranked 35th for bandwidth per user in the world. This limitation will likely have a lessened impact on business as the Internet of Things and Big Data adapt to Fog Computing and transcend their current bandwidth limits.
Relation to Internet of Things
The discrepancy drives a need for innovation, and the Internet of Things (IoT) allows for devices to share processing power, as well as to push ...Read More on Datafloq