Innovators keep adding to our digital cake, adding more and more layers to today’s Internet of things (IoT) until, as Gartner notes, we should see $25 billion Internet-connected things by 2020. Worldwide, that should translate into some $2 trillion in benefits, and heralds the coming of new business models. Corporate strategies will shift to more data-centric business models in order to capture even a slice of new markets.
Mistakenly, business owners may think that the IoT has little to do with the industrial or professional services sector, but is relegated to more consumer-oriented products. Although there are segments of “general purpose devices” within the scope of IoT, a
Gartner survey indicates that the technology will be leveraged in many vertical sectors.
“…manufacturing and retail are two sectors with particularly high expectations of the IoT. Utilities, industrial sectors, connected cars, healthcare and consumers are other verticals at the forefront of IoT investment…manufacturers face the challenge of retooling for the IoT era and bringing products to market ahead of nimble startups and data-centric rivals.”
With CRM and ERP systems, such as Dynamics GP and Dynamics SL, for example, businesses benefit with multiple capabilities in synthesizing data collection. Furthermore, and aside from streamlining and automating many back office and business processes, the Dynamics platform integrates with a Business Intelligence (BI) module for more intuitive decision-making in this age of the IoT.
To receive an assessment of your business needs, and how the Dynamics product line can help you engage your customer base at a new level…contact us. Ask us for a free demo, and how we can assist your ERP systems implementation and deployment.
Written by J.K. (Sales Team)