Understanding What the Internet of Things (IoT) Technology is and How it can Help Indian SMEs/MSMEs
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Revolution of IoT

The Internet of Things (IoT) has the potential to revolutionize the way that small and medium-sized enterprises (SMEs) and micro, small, and medium-sized enterprises (MSMEs) operate in India.

By connecting devices to the internet and using the data generated by those devices to improve decision-making, optimize operations, and increase efficiency, the IoT can help businesses save money, boost productivity, and stay ahead of the competition.

 

The Benefits of IoT for Indian Small Businesses & Micro Enterprises - Higher Productivity & Lower Overheads

Save money:

With the IoT, businesses can track energy usage, optimize routes, and reduce fuel costs, leading to significant cost savings. For example, one of our clients, a manufacturer with a yearly revenue of INR 57 crore, was able to save INR 21 lakh per year on energy costs alone by implementing our IoT solution.

  Improve productivity:

The IoT allows businesses to monitor equipment performance in real time, allowing them to fix problems before they become major issues and reducing downtime. In the same example as above, our client saw a 25% improvement in their Overall Equipment Effectiveness (OEE) after implementing our solution, leading to an increase in production of INR 35 lakh per year.

   Increase efficiency: 

By collecting and analyzing data from connected devices, businesses can identify bottlenecks and streamline operations, leading to more efficient processes. In the example above, our client saw a 15% reduction in unplanned downtime after implementing our IoT solution.

     

Cutting Edge IoT Solutions for Automating Critical Business Operations for Indian SMEs & MSMEs

The Internet of Things (IoT) is transforming the way Indian small and medium businesses operate.

With cutting-edge tools available, they can automate their critical operations and use data analysis tools to make informed decisions in order to stay competitive.

As a result, organizations now have access to real-time insights that help them track operations more efficiently and get ideas on where to focus their resources.

IoT solutions are allowing SMEs & MSMEs to unlock the potential of automating critical business operations and leveraging advances in data analysis techniques.


Analyzing IoT Trends Across Industries and Identifying success stories from India & Globally

The emerging trends of 2023 and beyond are placing IoT technology at the top of everyone's list.

As businesses try to stay ahead of the competition, they are looking for ways to harness IoT technologies for their benefit - in India and across the globe.

But how can we really identify success stories in this field? We need to understand the trends driving these emerging technologies, from access to financing in MSMEs in India to SME trends in 2021, and then break down the best practices that have allowed some companies to succeed on their journey.

How to Leverage the Potential

Implementing the IoT can be a daunting task, but it doesn't have to be. Here are a few steps to help you get started:

  Assess your needs

Determine what problems you want to solve with the IoT and what outcomes you hope to achieve.

Choose the right solution

There are many IoT solutions available, so it's essential to research and find the one that best fits your needs.

 Implement and test

Once you've chosen a solution, work with a trusted partner to implement and test it to ensure it's working as intended.

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Monitor and optimize

The IoT is an ongoing process, so it's crucial to continuously monitor your solution and make adjustments as needed to optimize performance.


 

IoT and its future

The IoT is here to stay, and it's time for SMEs and MSMEs in India to take advantage of its benefits. By boosting efficiency and cutting costs, the IoT can help your business stay competitive and thrive in today's market.

Click the button below to learn more about how the IoT can help your business.

Learn more about the IoT for SMEs and MSMEs.


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