According to Gartner, the Internet of Things is “the network of physical objects that contain embedded technology to communicate and sense or interact with their internal states or the external environment”.
What that means at a base level is a device that talks to another device, made up of things like smart TVs, mobile phones, tablets, air-conditioners, thermostats or even things like fridges. It can sound like the stuff of science fiction, but the IoT is already changing how Australian businesses operate.
A recent report from Microsoft, Cut through: How the Internet of Things is sharpening Australia’s competitive edge, states that “Two thirds of the organisations which have deployed and measured Internet of Things solutions report achieving 28 per cent cost reductions in their day-to-day operations.”
With that level of impact, Smarter decided to look at what a connected business could look like, now and into the future. From video conferencing using TVs, to fewer dropouts on your EFTPOS machine, the benefits are varied, but significant.