How small businesses can leverage the Internet of Things

Taking these three prospects into account can help you in achieving your goal

Operations, inventory, and logistics

• Smaller businesses today can use barcodes, radio-frequency identification (RFID) tags, and IoT devices for inventory control.

• A combination of the Internet of Things and RFID can create ‘smart stores’ that are equipped with sensors and cameras to allow remote and centralized inventory management, including automated restocking. 

• Small businesses can also adopt IoT robotic carts to make delivery fully automated and controlled by a central app or system.

Workspace efficiency

•  IoT improves a businesses’ ability to manage environments across large premises remotely, with some devices able to implement machine learning to increase efficiency and cost savings further.

• Heating and ventilation costs consume up to 40% of a total building’s expenditure – IoT sensors can identify inefficiencies in these systems, enabling businesses to save electricity consumption and costs. 

Security and access

• Smart locks not only provide small businesses added convenience in managing building access from any device, but also provide increased security.

• IoT has been the most transformative and innovative technology, and as it continues to mature more connected devices and IoT technologies will emerge.