It’s easy to see that the Internet of Everything is having
appositive impact on the ways I which businesses operate. Basically, IoE is
seriously reinventing the way in which businesses do business in general. As
in, it is increasing both the competitiveness and the productivity of
organizations to a much higher level than was previously possible, thus opening
up new doors and new business opportunities in the process.
How IoE Technology Works
The main goal of Internet of Everything is to connect
businesses to people that are located far away. It does that by connecting many
devices together and then to the internet, resulting in automation and the
further use of smart applications.
The Demands of IoE Technology
The use of Internet of Everything does put a high demand on
those networks that have not previously been used correctly to maximize
business potential. This is why important decisions will have to be made taking
into consideration both the enterprise and technology side of IoE technology.
This will also include extra funding for on the ground technology, the hiring
of additional staff to operate the new technology, and planned network
Impact on Job Growth
It is without a doubt that the use of IoE will have a major
impact on the overall creation of new jobs across many industries. According to
the Jobs Report for 2014, around 252,000 new jobs were created in December of
that year alone, dropping the employment rate down to 5.6%. The integration of
IoE will only help increase those numbers further, since it will require
businesses to hire new people to expand their skill set. According to a new
report, IoE will also be responsible for boosting the GDP of around 20 of the
world’s largest economies by the year 2030 by an estimated $14 trillion.
While that number is mind boggling, it goes without saying
that IoE will also increase the frequency of corporate training sessions to
create IoE-specific IT personnel and engineers not to mention the vendors who
are only going to be focused on advancing IoE.
It is plain to see that IoE is literally shifting the
industry from both a technological standpoint and from within a business as
well. It’s not just helping to create a more robust and technologically
advanced workforce, but is also creating an entirely new field of jobs. In
other words, IoE is opening up doors for development and growth on all fronts,
from IT teams to the cross-pollination of C-Suite. The only question that
remains is “How disruptive will these connected devices be?”
In the end, the only drawback one can see with the Internet
of Everything is the possible loss of internet speed, which could hamper
productivity. But, that too can be avoided by simply implementing a network
redundancy system which can decrease the amount of risk you have to put your
business through. So, it is possible to take advantage of the many benefits of
IoE and make it secure by putting a network redundancy system in place.