When to take your midsize business’ IoT management to the next level

When to take your midsize business’ IoT management to the next level
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Imagine a bustling city block. There’s a boutique florist with a print shop on one side and a hardware store on the other. Across the street, a trendy pizza franchise entices customers to wander in for a slice or place a delivery order via mobile app. 

Though each of these midsize businesses operates in distinct industries, they have one thing in common: They use the Internet of Things (IoT) to streamline operations. The florist, for instance, keeps its flowers fresh via smart fleet monitoring, halving the time its delicate plants are in transit. The pizzeria uses IoT-connected, location-specific systems to optimize order deliveries. Even the print shop uses IoT to monitor and automatically adjust their machines, reducing downtime and making them more efficient. All these use cases translate to a rise in popularity for smart devices. In IDC’s Worldwide SMB 2019 Predictions, it’s forecasted that by 2021, the integration of on-premises and cloud resources will be a top spending priority for half of SMBs.

IoT makes it easier for midsize companies to reach customers and enhance services—an invaluable competitive advantage. But as multiple IoT systems become core to organizations’ logistics, it’s important that these connected platforms work in tandem. For many companies, an indicator that they should update their IoT systems is when the manual collection and synthesis of data slows down their processes and disrupts their long-term strategy. In this case, a more streamlined IoT management platform is worth considering.Products like AT&T Asset Management and Vehicle Solutions help companies proactively manage their IoT-fueled growth. Here are a few signals it’s time to upgrade and the solutions to deploy.

A recent study suggests that when it comes to IoT adoption, businesses that allow efforts sufficient time to mature are the most satisfied with their results.
A recent study suggests that when it comes to IoT adoption, businesses that allow efforts sufficient time to mature are the most satisfied with their results.

Three signs it’s time to consider IoT management

Dedicated IoT management helps midsize businesses to efficiently master transportation planning, cut costs, collect detailed business insights, and track employee productivity. It also helps companies optimize the benefits of their smart systems. These are the signs that you should consider a single solution.

🔍 You’ve recently installed a number of IoT products to manage your supply chain—but individual systems remain siloed.
If you’re relying on multiple vendors for IoT solutions, it can be more difficult for systems to talk to each other, function at peak performance, and provide relevant and actionable insights.

🔍 Multiple sources of data result in increased friction across workstreams.
Your growing organization is producing more IoT-generated data than ever before across functions related to supply chain, product transportation, asset management, and more. But as data streams grow in number and become more complex, they also become more challenging to juggle. Information overlap and inefficiencies can hinder collaboration and cause costly delays.

🔍 Employees use IoT solutions to streamline logistics, but they need to pull data from many different sources in order to collaborate across teams.
Your logistics manager painstakingly tracks the many aspects of inventory piece by piece—from items in stock to order delivery routes. A cloud-based, managed IoT solution ensures that they’re able to give that information to the necessary teams and synthesize data into actionable insights, helping employees work together seamlessly. 

Take your IoT efforts to the next stage

Before IoT technology can make a meaningful impact, it first must be holistically integrated into your workflow. IoT systems should be intuitive and accessible. Here are a few guidelines to keep in mind when upgrading your IoT management solution.

💻 Look for a standardized platform that offers menu-based pricing and user-friendly, cloud-based resources.
A cloud-based, managed solution for IoT-fueled processes like asset tracking provides easy integration across multiple functions and channels. These make it simple to monitor all your IoT-connected items in one centralized hub and pay based on what you need and use.

💻 Give IoT systems sufficient time to prove they work.
IoT-connected systems aren’t always an instant fix—they typically prove their value over time. For example: IoT-enabled route management can help businesses monitor product deliveries, optimizing elements like driver safety, mechanical issues with vehicles, and even digital time-tracking. But the system needs to aggregate several weeks of data to provide actionable insights on how a route may be improved. Ultimately, shaving even seconds off a delivery time can save a business millions in the long run. Leaning into a third-party consultant helps streamline this process and helps ensure visibility into all employee interactions and consumer touchpoints.

💻 Consolidate data into a single source.
Migrating your IoT systems to a single source streamlines data-related processes and eliminates areas of overlap. This can result in easier internal collaboration, as well as more optimized workflow, consistent analysis, asset management, and product deliveries.

IoT is foundational to many midsize companies’ technology stack—and a single, hosted solution can help growing businesses manage their IoT-infused data streams. A knowledgeable consultant takes the pressure off IT teams and improves efficiency. AT&T Business offers Managed Services to assist with holistic IoT integration and training, showing companies how to transform their current systems into a single, hosted solution that employees at all levels can easily navigate. 

To learn more about how to improve your company’s IoT systems,  visit AT&T Business today.