Augmented reality (AR) and the internet of things (IoT) keep on evolving in the business world.
AR and IoT technology are creating a new dimension with their ability to utilize digital information from physical devices to improve the effectiveness and functionality of employees.
Business intelligence is gaining complexity every second, making it difficult to interpret data and communicate business-related ideas. Augmented Reality (AR) possesses an enormous potential and helps in communicating an ideal overlay for torturous network architects and complex systems that characterize the Internet of Things (IoT). The combination of AR and IoT helps in providing employees with important information that makes their functioning in industries more productive and effective.
IoT is a bridge that connects digital infrastructure and physical assets, while AR focuses on bringing these digital emotions to life by connecting them with the physical environment. The rising data volumes have prompted companies to invest in IoT and AR systems to generate insights that can be used at the right time and place to execute tasks better. The AR and IoT strategy focuses on cost savings, higher profits and revenue generation to help in the growth of the institution.
AR in business is rapidly scaling up as companies are extending its use beyond the testing phase to focus profusely on marketing and sales. The number of companies that are experimenting with this technology has rapidly increased in the past few years. As per reports, IoT-connected devices in 2016 were about 6 million. As per forecasts, by 2025, there will be over 75 million IoT-connected devices. The technology will slowly become a norm and companies who have not developed this strategy will find it difficult to catch up with market trends.
AR and IoT technology allows employees to proficiently visualize, understand and analyze data, enabling them to easily navigate through their space. Empowering employees with data insights when they are solving problems is an effective way to improve their productivity. The data can help companies make better sense of data collected from disaggregated stores and warehouses. The understanding of this data will help companies optimize the amount of space necessary to store material and help in monitoring the inventory.
The combination of IoT and AR merges different parameters under a single view. The excellent analytical properties of this application help in identifying and diagnosing the problems in the physical world. For example, companies can create an AR application that uses IoT data to create a visual imprint of a machine's components. The visual representation allows workers to look at areas that are difficult to spot and diagnose any issues easily. This enables workers to make smarter decisions by combining data to simplify complex problems.
The use of AR and IoT technology is the fastest way to boost a company's performance. By making use of this innovative technology, companies can reduce costs by improving labor efficiency, and reducing material wastage and machine downtime. The optimal work model helps in boosting revenue and creating strategic value in the market by improving brand equity and status.
The combination of AR and IoT is opening new avenues to improve the productivity of companies. The simple but effective solution will play a pivotal role in enhancing data to simplify complex problems.
Naveen is the Founder and CEO of Allerin, a software solutions provider that delivers innovative and agile solutions that enable to automate, inspire and impress. He is a seasoned professional with more than 20 years of experience, with extensive experience in customizing open source products for cost optimizations of large scale IT deployment. He is currently working on Internet of Things solutions with Big Data Analytics. Naveen completed his programming qualifications in various Indian institutes.