Question

The Internet of everything (IOE) has created a lot of excitement in the business community. What evidence could you present to show why IOE contributes to successful business operations? Give an example of one specific industry.

Answer 1

The internet of everything (IoE) is the networked connection of data, information, people, process and all other things together working on one network connecting all together. This IoE has revolutionsed the way we do the business and has helped every other industry to flourish and grow by the connection of the things it has created. Being it the retail industry, fashion industry, food industry, automobile etc, this IoE helped in tracking down the demand, creating the best, analysing the best and performing the activities which produce the best results.

The benefits and the contribution done by IoE in the development and growth for successful business operations in the IT industy are:

Access information: The IoE helos in gathering the data and informayion from sitting in a location in the real time frame. The IT industry has grown that much in the last 10 years because of the fact that data and information regarding what are the demand trends, what customer needs and wants, all of this information is available to the business sitting at one location. This makes it very feasible and convenient for the people to their work and also allows the employee to work and use the technology sitting at his place and creating the most techno driven ideas and products using the same feature.

Communication: Because of thie IoE, the communication is now possible from and to everywhere. You can interconnect the devices together, create your own network, create your own business sitting at the home which makes the communication both transparent and also effective at all places. It helps in reaching the growth of the IT industry as the industry is all about how you are communicating the technologies, ideas and goods to one another. You can work for the foreign clients using the IoE and thus the concept of outsourcing and getting the freelancers has increased because the communication has become so strong in the last decade.

Cost-effective: IoE also helps in saving the costs as well. Communication is made easider among the devices because of the IoE. This also helps the employees in their basic tasks like coding, testing, developing etc. The transfer of the data lackets over the connected network becomes cost effectiely and also time efficient by using the IoE. You don't have to wait hours on hours to deliver the message or the product you wish to. You can send the message and recieve the feedback anytime you wish for because of the speed and cost effecticity of the IoE. This makes the IT industry to use and exploit the technology to create the best products and projects possible for their growth.