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Internet of Things in Business: Applications & Potential Benefits

By 2025 the Internet of Things’ potential economic impact will reach anything between $ 4 trillion and $ 11 trillion. It doesn’t come as a surprise that 90% of companies believe IoT will be important to the future of their business! In case you still doubt whether you should invest in connected devices, BLE-enabled apps and secure IoT infrastructure, this presentation will shed some light on the Internet of Things’ applications in business and the multiple advantages it offers.

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Internet of Things in Business: Applications & Potential Benefits

  1. 1. Grow Your Business With Internet Of Things
  2. 2. • Struggle to keep employees motivated? • Still taken by surprise when equipment fails? • Want to automate inventory tracking and replenishment? WHAT DO YOU KNOW ABOUT THE INTERNET OF THINGS? All rights reserved © R-Style Lab 2018
  3. 3. WHAT IS IOT? The Internet of Things is the environment where different objects equipped with unique identifiers collect valuable data and exchange it over a network. IoT’s major task is to reduce (or eliminate) human-to-human/human-to-computer interactions All rights reserved © R-Style Lab 2018
  4. 4. IOT CONSISTS OF… Hardware (objects enhanced with embedded software/firmware and sensors); Infrastructure (cloud- or server-based app which receives, analyzes and stores sensor-generated data); Apps (mobile/desktop apps that connect objects to the infrastructure and enable users to manage IoT devices) All rights reserved © R-Style Lab 2018
  5. 5. HOW BIG IS IOT? 6.4 billion connected devices worldwide; 50% of business processes & systems incorporate IoT elements; Global spending on IoT-related services is estimated at $ 235 billion. In 2016, IoT startups raised $ 6 billion in funding All rights reserved © R-Style Lab 2018
  6. 6. All rights reserved © R-Style Lab 2018 IOT GROWTH IS DRIVEN BY 26 50 58 43 33 49 0 10 20 30 40 50 60 70 (%)
  7. 7. All rights reserved © R-Style Lab 2018 WHY DO WE NEED IOT? • IoT will help businessmen save $ 1.2 trillion in productivity costs alone; • 58% of manufactures use IoT devices and BI solutions to improve product quality; • Smart heating systems reduce energy consumption by 30%; • IoT boosts accounting accuracy up to 99%; • IBM Watson is already 40% better at diagnosing cancer than human doctors.
  8. 8. All rights reserved © R-Style Lab 2018 IOT IS THE FUTURE
  9. 9. All rights reserved © R-Style Lab 2018 • In 2017, there will be 2.2 billion smartphones in use; • 4G now accounts for 47% of mobile traffic data; • 55% of US mobile operators will adopt 5G by 2020; • Last year wearables sold over 270 million units worldwide; • IoT market has already topped $ 970 billion. AND YOUR CUSTOMERS ARE READY
  10. 10. All rights reserved © R-Style Lab 2018 4.10 44.4 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 45.00 50.00 2015 2016 ($, in billions) US beacon-triggered sales WITH IOT, YOU CAN GROW SALES…
  11. 11. Percentage of human-assisted services 60 30 0 10 20 30 40 50 60 70 2014 2016 (%) OR AUTOMATE SERVICES All rights reserved © R-Style Lab 2018
  12. 12. All rights reserved © R-Style Lab 2018 IoT data usage among entrepreneurs 40 20 27 13 0 5 10 15 20 25 30 35 40 45 Begin to use IoT data Often use IoT data Consider using IoT data Have no plans to use IoT data (%) OR BOOST MARKETING EFFECTIVENESS
  13. 13. 43% of US companies that use sensor data in marketing to gain a better insight into consumer behavior meet their goals in terms of customer engagement and demand generation. What about you? All rights reserved © R-Style Lab 2018
  14. 14. All rights reserved © R-Style Lab 2017 IoT global value (private sector) 2.50 2.50 2.70 3.70 3.00 0.60 15.00 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 ($, in trillions) BY 2020, IOT WILL EXPLODE
  15. 15. All rights reserved © R-Style Lab 2018 0.8 2.2 3.5 0 0.5 1 1.5 2 2.5 3 3.5 4 2015 2017 2019 (in millions, worldwide) THERE ARE MANY IOT VENDORS, TOO
  16. 16. In case you’re looking for an IoT development company, we are here to help you! All rights reserved © R-Style Lab 2018
  17. 17. DEVELOPMENT FACILITIES 76A Masherova Ave, 220035, Minsk, Belarus +375 17 306 48 42 +375 29 348 44 44 BUSINESS OFFICE 425 Market Street, San Francisco, CA, 94105 +1 888 414 6445 ask@r-stylelab.com SOURCES: https://www.cbinsights.com/blog/internet-of-things-startup-funding/ http://hubpages.com/technology/What-is-the-Internet-of-Things-or-5-Reasons-to-Adopt- IoT-technology http://r-stylelab.weebly.com/blog/5-signs-internet-of-things-future-is-now https://www.dreamfearlessly.com/resource/how-to-reduce-costs-with-the-internet-of- things/ http://readwrite.com/2014/06/27/internet-of-things-developers-jobs-opportunity/ http://r-stylelab.com/company/blog/it-trends/internet-of-things-the-use-of-smart- technology-in-business http://www.zdnet.com/article/the-internet-of-things-and-big-data-unlocking-the-power/ http://www.business2community.com/digital-marketing/internet-things-future-advertising- 01454524#m40rsOmu02fHFdLL.97 All rights reserved © R-Style Lab 2018

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