Each year, the Internet of Things (IoT) makes strides towards transforming industries. IoT, or as it’s sometimes known as the Internet of Everything (IoE), are physical devices that placed on the Internet by installing wireless sensors on them. You see a lot of IoT in the consumer world, most commonly in home devices such as alarm systems, thermostats and electrical sockets to control lights remotely. Most of these devices are accessed by apps on your mobile device.
Within the last couple of years, IoT has slowly started to enter other markets. Sectors like healthcare and manufacturing are quickly learning about their potential value, particularly when combining IoT with business process management (BPM) programs. At face value, the benefits of this integration seem limitless. Real-time data analytics, immediate social and mobile capabilities to otherwise static and often hard to reach devices, and the ability to pair business-facing operations like inventory control and automated supply-chain capabilities with real-time consumer demand, creates a list of desired capabilities that is almost too appealing for any C level executive to resist.