Growth Customer Experience Productivity Business IQ Trends Success Stories Tech Solutions Awards Business Tools Subscribe Tech Enquiry
Mike Doman
Technology Journalist

Mike Doman is a technology, lifestyle, industrial and education writer

Mike Doman
Technology Journalist

Mike Doman is a technology, lifestyle, industrial and education writer

Connected devices and the Internet of Things (IoT) are increasingly changing the way we work. So what does a connected Aussie business look like – and how do emerging technologies influence your business now and in the future?

View through the side of an office building

First, what is the Internet of Things?

Gartner describes the IoT as, “the network of physical objects that contain embedded technology to communicate and sense or interact with their internal states or the external environment”. And as stated by Forbes , the IoT “can transform how organisations design, produce and sell their products and services, as well as how they become part of a larger ecosystem – both physical and digital”.

Put simply, the IoT is a network of Internet-connected objects capable of both collecting and exchanging data. It means a device can talk to another device, including things like smart TVs, mobile phones, tablets, air-conditioners, thermostats, fridges and a whole lot more. While for many it sounds a little bit like science fiction, the truth is the IoT is well and truly here, and it’s already changing how Australian businesses operate and develop new business apps for a vast range of solutions.

According to ACS, the professional association for Australia’s ICT sector, the IoT has the potential to supercharge Australia’s next wave of economic growth. A report titled Australia’s IoT Opportunity: Driving Future Growth, suggests the IoT can reinvigorate Australia’s productivity growth through the key sectors of construction, mining, healthcare, manufacturing and agriculture. At the same time, the IoT provides a $30 billion opportunity for Australia’s tech sector by 2023.

“Australia’s productivity has plateaued in the past decade and our growth has largely relied on the bounty of our natural resources,” said PWC CEO Luke Sayers. “Our future growth is going to come from innovation and embracing the digital revolution. New technologies are triggering a fundamental transformation in the way we are engaging with each other, the world around us and how we do business. The Internet of Things provides a huge opportunity to improve productivity by up to 2% per annum in some industries if we have the courage to embrace it.”

Future IoT impact

This anticipated level of impact is exciting news for Australian business internet solutions, countless innovative business apps and connected device platforms both existing and yet to be developed. The business benefits will be varied yet significant. So what might a connected business look like?

Want more information about how technology can help your business?

Discover resources, reports and insights to help you achieve your goals.

Find out moreWant more information about how technology can help your business?

Woman stressed at desk
Tech Solutions
Tech Solutions
When your tech fails

Technology is so important to a modern small business that even the smallest IT glitch can have enormous consequences. But there are ways to minimise – and even avoid – the dam...

e-commerce_sales
Customer Experience
Customer Experience
Four ways to prepare your business for e-commerce sales

Customers love finding bargains online – no surprises there. But in recent years, digital sales events such as Click Frenzy, Black Friday and Cyber Monday have had a real impac...

Avoid phishing threats
Tech Solutions
Tech Solutions
How to identify, avoid and recover from a phishing attack

Getting snagged by a phishing scam is never pleasant. It usually involves a cybercriminal using emails, texts, social media or phone calls to lure someone into handing over sen...

Diagram of Virtual Private Network
Business IQ
Business IQ
What is a VPN and do you need one?

If regular news of high-profile cyber-attacks across the world teaches us anything, it’s that every business, regardless of size, needs to take its security more seriously. T...