Growth in electronic companies has seen a number of wearable devices being produced that are interconnected to each other. Online challenges don't matter, the fact that a UK study predicted that by 2020, about 20 billion - 100 billion devices will be connected to each other following the internet of things says a lot about the huge potential in this global tech community.
Various products keep circulating the tech eco-system with amazing product development potential and tech talents continue to build amazing devices that make these innovations possible for the internet of things. For that reason, it has become a massive opportunity for the new and existing companies to try innovations that give them an advantage. Promoting these products as well takes them to the right customers who need.
Internet of things is here to stay and for that reason, companies keep looking for new ways to add value to their consumers. Apple came up with an Apple home kit that connects everything in your room in one place or platform. Other companies like Agilent Technologies, Aethon, Aesynt, Innovation, Associates, Barrett Medical, wavelethealth, who have gone on to integrate theirs with systems, applications, and programs. Some of the few ways electronic and tech companies’ stay ahead of their competition are as follows.
Crowdsourcing their innovation
Some great IoT products have been sourced from crowdsourcing platforms. Where the creativity and sharing of ideas births innovative products and ideas. One advantage that crowdsourcing has over other platforms is that during sourcing, grey areas that a company’s research team or development teams like ChallengeRocket have skipped can easily be sorted out. Experts on these platforms can contribute their quota in making sure this place of intellect and knowledge is continuous.
Open innovation in learning
Tech and electronic companies have a penchant for sourcing new ideas from open source learning that involves other members of the industry. During expositions where IoT products get displayed that cut across various industries like production facilities, office equipment, or a fully integrated system that is meant to monitor or repair certain parts of the system. In the space of observing new products and technology, new ideas come up.
Find a place to create value
Open innovations have gone ahead to expose the different ways internet of things has been adding value to the lives of people through the product on display. It's now time to start sourcing for a place internet of things can easily be used to better the lives of everyone.
An example will be producing an app that controls or monitors your caloric intakes or how much water a user is taking. Other places where internet of things can create value exist; it’s up to the company to seek out these places.
Using the different data collated from the internet of things, data can be processed, analyzed and conclusions can be drawn which can be used to create new products. A type of consumer response drawn from such data collected on the internet of things, for example, studying consumer reception to how quickly a thermostat in a smart home adjusts its temperature. Some people might think it's too slow or not effective enough, while others might need it to function more slowly. The data collected through feedbacks from those who use this product can be used to create something new.
People have always relied on cloud platforms for backup of data and other necessary information that a person or company can use to their benefit in case of a loss. Connecting internet of things on cloud platforms is another way of sourcing information in the industry. Security feeds from a camera at home can be stored and viewed at any point in time from anywhere around the world.
New IoT products can choose to integrate cloud as their way of adding value to their consumer. A photo from your phone, downloaded songs on your laptop can all be integrated into one cloud platform that would enable you to view or retrieve them from anywhere in the world.
Security of internet of things
The problem people have always had with integrating or connecting various devices together has been about, should a security breach occur, how do you retrieve data? Thankfully, with the help of cloud platforms such fears have been dealt with. The other security breach that has been widely rumored to affect electronic and computer devices have been virus and phishing of malware that can corrupt systems.
If IoT companies are looking to score a good point on their customers as well as provide value for the services they offer, like ChallengeRocket, fixing any problem of security will go a long way. In this sense, people no longer have to bother about buying any other product than a trusted IoT product that has fixed any possible security issue it might have.
The nature of IoT devices makes them the perfect items to embed real-time analytics into to make them easily accessible or scrutinized. Watching a live feed of your home from the office looks smart if a break-in occurs and you can alert the authorities. If you happen to use Amazon home kit delivery service, you can monitor when the delivery guy goes into your home and leaves.