K
Kathleen Martin
Guest
The Internet of Things (IoT) is gaining traction as a connected device. And smart home and office gadgets have taken over the market.
According to Statista, the worldwide Internet of Things (IoT) sector will be valued at over $1 trillion by 2030. This increased income opens up new opportunities to leverage IoT technology for businesses. Business-to-customer relationships are changing as IoT devices become more widespread.
Consider employing contemporary voice technologies like Siri, Alexa, and Cortana to search for things while a customer places an order.
1. Voice-Powered Tech
In the future, this one aspect of IoT will explode. But, will you be caught off guard? Voice-powered tech saves time, helps productivity — thereby saving money.
As a result, tech-savvy organizations will want to take advantage of this tech — so they won’t be left in the dust.
Customer support representatives and virtual assistants will be replaced by voice technology. This is already happening.
Voice-powered tech has the potential to improve customer service, provide a consistent experience, and increase efficiency. This should be obvious to everyone.
2. Analysis of Retail Data
IoT was made possible by technological advancements that have continued to innovate, and the iteration has also catapulted forward in various fields of science such as math and physics.
Data is collected via connecting smartwatches, digital thermostats, and smart speakers.
Because these devices are so prevalent, data from the retail business may be readily available, making the pathway to detailed analysis way easy.
Tracking customer behavior in physical businesses may be pretty helpful for business owners, and it’s a game-changer everywhere.
Customer care solutions are being developed using data from cash registers, store cameras, and mobile customer applications. It beats taking a survey.
Based on peak client activity hours of the day or week, the data can be utilized to optimize labor or inventory demands. Using peak client activity hour data effectively will revolutionize warehouse procedures.
Continue reading: https://readwrite.com/10-iot-business-opportunities-on-the-rise/
According to Statista, the worldwide Internet of Things (IoT) sector will be valued at over $1 trillion by 2030. This increased income opens up new opportunities to leverage IoT technology for businesses. Business-to-customer relationships are changing as IoT devices become more widespread.
Consider employing contemporary voice technologies like Siri, Alexa, and Cortana to search for things while a customer places an order.
1. Voice-Powered Tech
In the future, this one aspect of IoT will explode. But, will you be caught off guard? Voice-powered tech saves time, helps productivity — thereby saving money.
As a result, tech-savvy organizations will want to take advantage of this tech — so they won’t be left in the dust.
Customer support representatives and virtual assistants will be replaced by voice technology. This is already happening.
Voice-powered tech has the potential to improve customer service, provide a consistent experience, and increase efficiency. This should be obvious to everyone.
2. Analysis of Retail Data
IoT was made possible by technological advancements that have continued to innovate, and the iteration has also catapulted forward in various fields of science such as math and physics.
Data is collected via connecting smartwatches, digital thermostats, and smart speakers.
Because these devices are so prevalent, data from the retail business may be readily available, making the pathway to detailed analysis way easy.
Tracking customer behavior in physical businesses may be pretty helpful for business owners, and it’s a game-changer everywhere.
Customer care solutions are being developed using data from cash registers, store cameras, and mobile customer applications. It beats taking a survey.
Based on peak client activity hours of the day or week, the data can be utilized to optimize labor or inventory demands. Using peak client activity hour data effectively will revolutionize warehouse procedures.
Continue reading: https://readwrite.com/10-iot-business-opportunities-on-the-rise/
