Top 5 things every small business owner must know

You've heard the term Internet of Things, or IoT for short. But did you know that by 2025, there will be nearly 80 billion connected devices* using IoT technology worldwide? And while you may think IoT technology is just for giant businesses with unlimited budgets, the truth is, it presents just as many benefits, if not more, for small businesses without being nearly as complicated as you think it is. Let's get started.

*Source: IDC: Worldwide Internet of Things Installed Base by Connectivity Forecast, 2017-2021, Doc #US42331917

The basics of IoT

So, what is IoT? Simply put, IoT technology gives internet-connected devices the ability to communicate with each other and automatically take actions based on the information that's exchanged.

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The innovation of IoT

How does "radical collaboration" help develop ideas into meaningful solutions more quickly?

It happens by working with collaborators, customers, and entrepreneurs in one of our four Foundry locations globally that were established solely for this purpose. It allows for different perspectives to be shared, questions to be asked, and ideas to be accelerated for more relevant solutions that bring better value to our customers.

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Benefits of IoT

By helping to cut costs and increase efficiency, the potential business benefits of IoT technology are virtually endless. Start by asking yourself questions like, "What could we do better?" or "What issues do we consistently face?" The answers will help you identify potential IoT solutions, while also helping you find a trusted advisor like AT&T that can help you build and implement them.

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The cost of IoT

The truth is, you don't have to spend a ton of money to start benefiting from IoT. All you need is to identify the type of solution your business needs, and our team of IoT experts can work with you to build a customized solution that fits your budget.

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