Corporates view on Internet of Things (IoT) technology

The concept of Internet of Things has emphasized largely on the relevance of machine to machine communication while also stressing on the cloud-computing, connectivity as well as networking constraints that it comes with. From making our streets smarter to making sure that all our household appliances are connected with each other, the instantaneous, virtual and mobile connection developed by the Internet of Things technology is certainly capable of making huge difference to our everyday lives.

If we look at the Internet of Things on a bigger scale, it is needless to say that there are top- notch companies and multi- national corporations which are capable of conceiving as well as bringing to life their very own smart devices as well as innovative technologies which can benefit the world around us to a very large extent.,

Scope of Internet of Things technology for big companies and MNCs:

What does not come across as a big surprise is the fact that all the MNCs and high- yielding companies out there have huge scope when it comes to the Internet of Things technology. This is due to the fact that machines to machine communication (M2M) is supposedly the core of Internet of Things and the big companies which already deal in these heavy- weight machines can contribute in the creation of machines that are capable of communicating with each other remotely as well.

If the question that arises is that how all the big companies are going to react to the idea of Internet of Things, then it will not be overrated to say that these industries can benefit to a very large extent once they put their feet into the pool of ideas offered by the Internet of Things technology.

For instance, sensors, cloud computing and machines which are the crucial peripherals required for the implementation of the Internet of Things technology are being manufactured at a large scale by several of these top- notch companies and MNCs. With the advent of the Internet of things technology across all strata of life, there will be a drastic increase in the number of such sensors, machines, computers, smart devices as well as cloud computing to be put into manufacturing. This in turn will make way for higher productions required from these large companies, which is undoubtedly a boon for them both in the long as well as short runs.

It is a very well- known fact that when the demand for any certain commodity or product rises in the market, there is also a dramatic increase in its production value which helps the manufacturers in selling their products at elevated prices. Thus, when there will be an ever- increasing rise in the demand for sensors and communicable machines in the market, the manufacturing companies will benefit from this. Not only this, there will be increased need for computer programs which could develop wireless connections among the sensors as well as the smart devices for developing the wireless network connection between them. This in turn will make it possible for the IT companies to barge into the entire scenario of Internet of Things. Being the core part of the Internet of Things scenario, there will be more opportunities as well as scope generated not only for the bigger industries; rather the working force of these companies will also get boosted as a result of need for more resources.

 

How exactly do MNCs and big companies see Internet of Things?

Let us take a look at the future scenario where we will have smart cities, streets, homes and workplaces. During this time, there is going to be a need for sensors, machines, connectivity peripherals as well as other resources which will be required for keeping the connections and the smart devices in working condition. This situation will generate a never- ending requirement for the constituent devices and objects, which will yet again work wonders for these big companies and MNCs whose services are being exploited due to the implementation of the Internet of things technology.

Another advantage these big companies and MNCs will experience from the implementation of IoT is the savings that they will be capable of garnering in the long run. Imagine a large multinational organization whose building is being lit up using the IoT technology and all its objects and devices are connected over a common cloud network. In this case, there is ample of resources, be it in the form of wires/ electricity/ man force, which can be saved by this company. Operations which were earlier required to be carried out manually will now be triggered with just a button pressed from few floors above, certainly cutting costs as well as increasing productivity at work place to a considerable extent.

The fact that Internet of Things is the biggest technological trend right now is undeniable and it will certainly work wonders for all the large companies and MNCs in the coming times.

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