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Digital Innovation is one of the major success engines in business today and leads more and more companies to adopt disruptive technologies like IoT (Internet of Things). By linking multiple devices, sensors, and even machines together to form one large data network, companies can gather unprecedented detail on their operational efficiency, consumer behavior patterns and product performance.

With this information in their hands, companies can better address the problems associated with the processes they implement and make informed decisions that directly affect the profitability of a business and its success.

However, IoT solutions can need substantial resources, infrastructure investments, and considerable time dedicated when implementing something from scratch. This is where pre-packaged IoT solutions become beneficial.

Ready-to-Use IoT Solution – What Is it and How Does It Function?

A ready-to-use IoT solution is a pre-developed and modifiable platform that has all the hardware, software, and connectivity needed to implement an IoT system. These systems eliminate the necessity for businesses to begin from a blank page and instead give them an opportunity to introduce an IoT solution without having to spend time designing, developing, and integrating separate components.

These IoT solutions provide several features, including data analytics, device management, security protocols, and real-time monitoring baked in. They also come with a user-friendly interface where the business can easily access and analyze information from their individual devices.

How Can Businesses Accelerate Their Grow With a Ready-to-Use IoT Solution?

A pre-built IoT solution allows companies to avoid the time-consuming and complicated process of building their infrastructure from scratch. IoT solutions are relatively affordable and quick to implement – saving valuable time and resources in the process.

Here’s a look at the primary ways businesses can fast-track their growth through the use of a pre-built IoT solution:

Easier Integrations and Shorter Development Time

A key attribute of a pre-configured IoT solution that contributes to accelerated business growth is its seamless integration capability. Previously, companies had to invest considerable time and energy in developing bespoke IoT solutions. This involved not only setting up and managing IoT devices but also ensuring their integration with existing systems and processes.

This need for in-house development is essentially eliminated when an IoT solution is ready to use. This greatly reduces development time and businesses are able to put IoT strategies in place much faster.

IoT solutions are also created by design to be plug-and-play and compatible with different devices and platforms. This means that businesses can use IoT throughout their operations without the worry of compatibility risks. This ease of integration can contribute to better operational efficiency and supports ongoing business growth.

Stronger Security Protocols

Whenever IoT solutions are deployed, security is considered to be a top issue. The trend in cyberattacks is increasing, making it imperative for business entities to take steps to ensure that they have secured all their devices and that data that is generated by these devices is adequately protected.

Ready-to-use IoT solutions often have built-in security features. This can range from data encryption to intrusion detection systems. In this way, businesses can enjoy the efficiency and convenience of IoT without any compromise on safety.

Additionally, a ready-to-use IoT solution is regularly updated and maintained by the provider. This enables the quick identification and management of security vulnerabilities, lowering the possibility of data breaches.

Ability to Scale More Easily

One of the biggest benefits associated with incorporating a pre-packaged IoT solution is that it considerably simplifies business scaling processes. IoT devices can collect and process large volumes of data in real time, which helps businesses gain valuable information to guide their decision-making.

In manufacturing sectors, companies can have sensors built into their production lines. This data can then be used to streamline the production process, making it more efficient and increasing output. Other than that, it is easy to switch on or off IoT devices onto the network, allowing businesses to restructure their operations based on different levels of demand.

Stronger Compliance and Regulatory Management

By employing a prepackaged IoT solution, the degree of compliance management and regulatory practices within a business can be increased to a great extent. However, today the majority of industries are controlled considerably in terms of data safety and privacy. Failure to observe these can mean substantial fines and damage the reputation of an organization.

However, with IoT solutions in place, businesses can adhere to these regulations. An out-of-the-box IoT solution can monitor the movement of sensitive information through a network and communicate any potential minor or major issues that could result in breaches. This helps businesses avoid data compromise and also gives them the documents they’ll need to prove to the regulators that there has been compliance.

Reduce Unnecessary Expenses

Businesses that use IoT solutions to closely monitor and analyze their data as soon as it’s available can see where resources are wasted, or processes are redundant. For example, a retail store that has IoT sensors for monitoring customers’ foot traffic may learn that some of its product displays are not attracting as much attention as others. This insight can assist the business in re-designing its store layout so that products are positioned for effective sale.

Since a ready-made IoT solution can be quickly implemented, businesses can start seeing the benefits sooner rather than later. This allows them to avoid costly mistakes that are common when relying on traditional methods of data analysis.

Accelerate Your Business With the Help of IoT

Implementing an out-of-the-box IoT solution has benefits that go beyond data management and cost reduction. By using the power of interconnected devices and real-time data, companies can differentiate themselves in their sectors while enhancing all levels of their operation.

 

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Guido Voigt

Author Bio:
Guido Voigt

Guido Voigt is the Director of Engineering, at Lantronix, a global provider of turnkey solutions and engineering services for the internet of things (IoT). Guido’s and Lantronix’s goal is to enable their customers to provide intelligent, reliable, and secure IoT and OOBM solutions while accelerating time to market.