Do you know what The Internet of Things and Cloud computing are? Do not worry if you don’t; we’ve got you covered. The Internet of Things can be described as one extensive network which works in line with connecting physical objects known as things with people. These objects, or things, are everywhere, from our household appliances to our advanced industrial tools within our workforce. So, the Internet of Things can apply to you personally or at a business level.

An Overview of Internet of Things

If we think of our home, we have numerous devices that need to be connected to the Internet, and the Internet of Things collects the data amongst each of these devices and shares data on how they are used in the environment around them.

So, some examples of the devices you may have are the likes of your smartwatch, self-driving cars, intelligent microwaves, or even innovative clocks, which work in line with the overall Internet and how things connect and talk to each other. However, businesses or people might invest in this technology because businesses or people might invest in this technology is that it is quick and easy to find information.

You can share data, which makes up for effective communication amongst different devices. Within your business, you can predict manufacturing faults and update the business with relevant information. And it also reduces the need for human intervention. However, like other technology systems, you have a high risk of cyber attacks, and collecting and managing large amounts of data can also prove a challenge for some businesses.

So to give you an example of The Internet of Things, there is the smart clock. Regarding your smart clock, you will set this for 7 AM every morning to get up on time and be ready for work. However, an intelligent clock could detect whether there is an ongoing issue, traffic, or a crash on the road. It will automatically set that clock for 15 minutes earlier, ensuring you get to work on time despite this delay.

So if you find yourself within the manufacturing industry, you could use this technology to become proactive and detect maintenance issues before they occur. Therefore, the sensors within the Internet of Things will allow manufacturing firms to remove production accurately until equipment is repaired, allowing them to continue to meet customer demands and keep ahead of their competitors.

On the other hand, within retail, The Internet of Things has become more common in stores worldwide, where the sensors can sound alarms and triggers to these stores to let them know that products are nearly running out of stock. As well as managing inventory, this technology is also being used to improve customer experience and reduce operational costs within this industry.

Even across various other industries, such as the likes of Tesla and in the automotive industry, The Internet of Things is becoming more popular here as well, especially with the evolution of Tesla, where these cars have built-in sensors capable of predicting failures and faults and recommending the driver exactly what to do. So that’s a quick overview of The Internet of Things.

Cloud Computing

Cloud computing is basically the replacement of physical data centres and servers where you will be provided with a Cloud provider to save any of your IT resources. In return, this allows your business to become flexible with faster innovation and helps you achieve economies of scale. So there are many different reasons why companies would actually invest in the Cloud itself and save their data.

It is more common with a company that holds large amounts of data at a given period, allowing you to improve the agility of the business. So, the Cloud can be managed by particular employees within the workforce, making it easier to manage information and large amounts of data. It would also mean lower IT costs than using hardware and other devices on the premises at a given time.

Supposedly, this allows you to gain a competitive edge and scale more effectively. So cloud adoption in financial services can offer flexible access to the Cloud, which can be purchased in different stages, depending on your needed storage. This scalability can be a significant advantage for financial institutions adapting to changing market conditions and customer demands.

This will also allow your business to grow more easily and continue to save data onto the Cloud as you scale. You can definitely see that this is beneficial for particular businesses. Often, your secure environment saves your data in one location. And many systems would typically take a great deal of maintenance with uploading files and saving data. But with the Cloud, the need for system downloading and uploading is eliminated, making it a faster approach for an innovative business.

Pros, Cons, and Types

So as you can tell, there are many advantages. It allows you to save costs and hardware money. It increases efficiency and productivity. You can enhance security with the ability to back up data so nothing can get lost. However, like any system these days with large amounts of data, when you are saving it up into the Cloud, you do run that risk of it being stolen when stored here as there are risks of internal bugs and encryption, which are also worth considering while you are investing in the Cloud itself.

So if you own a business, you will probably want to be deciding what type of Cloud you need. There are many different types out there, and the three most common one is in terms of the Infrastructure as a Service, also known as IAAS. And this type of service is considered a pay-as-you-go. It offers you essential needs as well as the flexibility to scale up by saving money on general business costs.

This is often used with companies such as Amazon and Microsoft. This Platform as a Service, also known as PAAS, develops and deploys resources from the Cloud, which could be used to the advantage of your business.

An example of this is online storage apps, where you have the ability to purchase and manage the application’s service. And then finally is Software as a Service, SAAS. Software as a Service seeks to deliver software applications over the Internet where everything is managed by the provider, which helps you improve your product template levels.

So this type of software depends on the likes of emails and Microsoft 365 and productive forms of technology, which helps improve your efficiency levels within your business. And that concludes an overview of Cloud computing as well as The Internet of Things. If you have any questions about these two areas, don’t hesitate to contact ProfileTree today. We have also conducted other videos and other technology applications, which you can find on ProfileTree’s YouTube. And we will also continue to upload these types of videos over the coming weeks. We would advise you to stay tuned and make sure to check those out.