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What the Internet of Thing Means for Business

What the Internet of Thing Means for Business
The Internet of Things, the hub of all wireless connected devices, is catching on with businesses in terms of Big Data and from a product perspective. The IoT includes everything from smart coffee makers, to biochip transponders on farm animals, to smart cars, and much more. Basically, anything that can get online or wirelessly deliver information can be a part of the IoT. In fact, Gartner predicts that by 2020, 26 billion connected devices will be on the Internet of Things.

Forbes reports that businesses are starting to use the IoT for their data centers, rather than rely on cloud storage. Using connected devices can help companies gain real time information regarding their products and gain more insight into their business strategy. In addition to mainstreaming inter-company communication, companies also have their eye on creating and releasing products that with integrated connectivity options.

However, there are a number of growing concerns for businesses that take on the IoT. Mainly, there are a number of security concerns, especially considering the number of IP specific devices that have to be included. Each device requires its own IP address, which consequently, offers multiple doors for hackers to access sensitive corporate data.

If companies are interested in using the IoT to expand their business, they need to first start with preparing their IT departments for the technology. Bringing connected devices into the picture means more resources must be allocated to security, hardware, and software. Whether companies are deploying such devices into the market, or using them for their business, it will require more hands on deck when it comes to creating and implementing connected devices into the workforce.

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