The Internet of things has the potential to significantly benefit business in a range of areas, including resource monitoring, usage pattern tracking, and just-in-time delivery of goods and services.
For example, the agriculture industry is already using the Internet of things for real-time crop monitoring to improve produce yield and conserve resources such as pesticides, fertilizers, and water.
In addition, local governments are using the technology to reduce traffic congestion, improve waste management, and measure energy radiation from cellphone towers.
However, businesses must address several challenges prior to leveraging the benefits of the Internet of things, beginning with the need to inventory and bar-code all of the objects to be included in the network.
Furthermore, the Internet of things requires multiple technology components that will require expertise from all parts of a company and possibly external sources. Each network component has its own IT issues, such as battery life, security, and access at the transponder and reader-device level.
Other issues include network services and application performance.
However, the largest challenge for businesses will be determining how to use the tremendous volume of new data that they generate.
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Abstracts Copyright © 2013 Information Inc., Bethesda, Maryland, USA
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