The Internet of Things for midsize enterprises

The Internet of Things – IoT for short – is a topic that people are buzzing about. Many are talking about innovativeness, job security, and the need for digitalization – but few companies are actually taking the plunge. Why? Because there are many prerequisites for IoT that conflict with traditional approaches.

For one thing, the Internet of Things requires a continuous flow of communication and information within the company. That means all process participants have to be linked, and the data collection format needs to be standardized. This is difficult to accomplish, associated with high costs, and leads to a never-before-seen level of transparency in the company.

All collected data also has to be available in real time, from anywhere, using mobile apps. This in turn requires data storage in a cloud. Many companies refuse to take this step because they fear a loss of data. Digitalization also requires an extremely powerful ERP system that is able to process the new flood of data. Only a few systems are capable of this today.

Digitalization in terms of IoT is therefore still going to take some time, because it requires a massive change in thinking by the entire staff. Yet it is important for companies to take the first steps in the direction of digitalization early on. Because it is unavoidable.

Embracing digitalization in a timely manner gives you a head start over your competitors, which will be difficult to make up later. Digitalization pressure will also increase drastically in the near future with the generation change at the head of companies. Young entrepreneurs who grew up in a networked world are more open to the topic than their predecessors.

Digitalization latecomers will therefore have to reorganize their business under time pressure to avoid losing even more time, money, and market share. Anyone who has implemented new systems in a company knows that pressure is not a good prerequisite for a successful implementation.

Ultimately all arguments against digitalization, from high investment costs, to data theft, to excessive transparency, can be refuted with intelligent solutions. If you have questions, we would be happy to assist you on your way to the digital future.