ARTICLES — August 05, 2020

How IoT Helps Your Business Return to Optimal Performance

Within industries, COVID-19 has given unexpected changes to both supply and demand, significantly decreasing production volumes and putting operations on hold. Where a business has continued, social distancing measures are altering operations and employee responsibilities. After months and months of uncertainty, the challenges in the economy, finally businesses slowly restart their operations. The problem is, this transition isn’t as smooth as it sounds.

Thankfully, the Internet of Things has been a major part of Industry 4.0 and it surely can help businesses as they proceed on their journey back to normal. Here’s how IoT can be instrumental in ensuring your business’ return to optimal performance.

Easier Remote Condition Monitoring

IoT can help with remote condition monitoring and management of assets, which means you can connect your assets and products, and monitor their performance remotely. This puts aside the need to send people to physically check the location and function of the machines. Moving from a reactive approach to a more proactive mindset can also save lots of time and budget.

Increase Employee Safety and Security Levels

Companies are currently dealing with remote work as well as new concerns about protecting on-site employees by applying safety measures like keeping team members at minimum, shorter work shifts, and reorganizing workplace layout. By enabling location-based services, IoT plays an important role in ensuring a seamless transition through these changes.

Improved Cybersecurity

As companies are digitizing their business operations, cybersecurity becomes more important. With the large-scale connectivity across operations, strong cybersecurity is needed to allow companies to take action to disruptions quickly. From critical software updates to firmware updates, they can now easily improve cybersecurity at all levels using IoT.

Ensure Revenue Stability

IoT can drive companies to become more resilient when encountering unexpected downturns. For example, using the data collected from IoT devices, they can determine and plan the next best action for sales and service, increasing both revenue and customer satisfaction. Moreover, the data can also be analyzed for creating dynamic pricing optimization.

Data Exchange Across the Supply Chain

IoT facilitates data exchange across all supply chain in real-time, providing full visibility on production, schedule, inventory, and many more. This exchange can build transparency and trust between participants, improve future planning and decisions, and reduce supply chain costs and risks.

The pandemic is predicted to have a lasting effect on many businesses, even after it cools down. This is why it’s important for your business to leverage the power of IoT for its continuity. Find out more about the benefits of IoT at https://telkomseliot.com/ and decide your business’ way of returning to optimal performance.

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