The internal needs of businesses are being handled by smart tech and IOT
Implications - The original purpose of technology was to ensure convenience and cut down the need for human effort. Technology takes a step toward this original purpose with smart tech and IOT services dedicated to productionizing the back-end of business. This turn-key approach to things like machine manufacturing and maintenance shows the value of technology as more than a novelty piece for the end consumer.
Workshop Question - In what ways can your brand integrate technology into your business model? Consider the production process, internal affairs or distribution.
Trend Themes
1. Smart Iot Services for Business - Technology is revolutionizing the back-end of business with smart tech and IoT services that help automate operations.
2. Iot Infrastructure Solutions for Businesses - Companies and telecom service providers across Canada are looking to capitalize on the growth of IoT, offering cost-effective IoT infrastructure solutions for businesses.
3. Service-oriented Iot - IoT technology is increasingly being offered as a service, enabling companies to 'servitize' any manufacturing operation, offer field service operations, and generate consistent B2B revenue.
Industry Implications
1. Telecom - Companies in the telecom industry can create new revenue streams and future-proof their operations by offering IoT infrastructure solutions for businesses.
2. Manufacturing - IoT technology in manufacturing can be used to monitor machines and equipment, support field service operations, and drive efficiency.
3. Food Delivery - By partnering with IoT protocol providers like IFTTT, food delivery companies can increase customer convenience, resulting in a more streamlined and positive customer experience.
