IoT Applications – Internet of Things
Growing Opportunities for Your Business with AppIt Ventures
Technology is moving the world into a more digital space and it impacts nearly every facet of our daily lives. The number of things we are capable of doing on the internet is increasing every day, from shopping to banking to many government services like renewing a driver’s license or paying a parking ticket.
The sustained rise of mobile technology is presenting new opportunities in the business services industry, too, and companies on the cutting edge are gaining a major competitive advantage. This advantage is becoming more pronounced as internet-enabled devices continue to gain in popularity.
In fact, leading sources predict between 30 and 50 billion internet-connected devices by 2020.
The intertwining of these devices and other items embedded with electronics, software, sensors and network connectivity that enable them to collect and exchange data is known as the Internet of Things (IoT). An Internet of Things application allows ordinary objects, “things,” to be sensed and/or controlled remotely across existing network infrastructure, creating opportunities for more direct integration of the physical world into computer-based systems, resulting in improved efficiency, accuracy and economic benefit.
As the network of internet-connected devices known as IoT continues to increase, an immense amount of data will be generated by Internet of Things applications over time. In the future, business services will be dominated by organizations that can leverage this data and monetize it through predictive analytics.
IoT is likely to become even more of an economic driver in the near future. The McKinsey Global Institute predicts that by 2025, IoT will produce $4 trillion to $11 trillion in beneficial global economic activity — 11% of the world economy. The immense value of IoT will be discovered in the way major industries make their field operations smarter and more effective.
IoT Apps We Developed
At AppIt Ventures, our IoT app developers work closely with our clients to understand your company, brand and customers while developing innovative custom applications that harness the power of IoT to evolve your business and drive bottom-line revenue.
Internet of Things applications are among our favorite projects to develop, because we love working on cutting-edge technology and IoT apps have unlimited potential as more connected hardware enters the marketplace. Our professional team of app development experts follow what’s trending to identify key growth areas and evolving opportunities that allow our clients to capitalize on IoT technology with confidence and certainty.