Tech giants use different tactics such as Google and Facebook give their product for free but earn revenue on targeted advertising and user data, an unlimited product without wasting money on shelf space is the target of Alibaba and Amazon. Skype and LinkedIn entice the customer with free and basic services just to sell them pricy premium products later.
Internet of Things is the perception of the atom and digital world of bits (binary system) merged together which have humans as their common connection. Now the fundamental of the Internet of things is to connect everything together without the reciprocity of humans. Four years digital giants such as Google and Facebook have profited from the fact that the internet allows for exact measurement and equally exacting management activities the IoT help us transfer this management mentality to the physical world which is known as high-resolution management. Inventory can be updated at the minute interval, for instance, cars now will be able to measure and communicate road conditions in real time. IoT is for business administration what the ultrasound was for medicine or the microscope for biology. There are six points in which IoT affects entrepreneurs and companies
- Producers of physical goods must develop toward service providers with all the challenges connected to the new role.
- Industry and internet culture are colliding, and we are need of bridge builders who understand both worlds
- Companies must work together more than ever the strategic value of developer communities and business ecosystem is enormous
- The development of services and business models tailored to these opportunities won’t happen to the drafting table even the espresso business model took 20 years from invention to actual market success.
- It is crucial to focus on the straightforward solution at first, only with the sturdy foundation we will be able to build complex platforms.
- We must learn how to deal with sensitive learning data how we can turn employees into high-resolution managers and who owns the data we have collected so watch out as the world is doing it too.
Zifilink with is strong internet presence will boost your business to its new heights. Its reliability and unmatched performance not only drive your business but also help you build an empire.
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