As technology continues to evolve at warp speed, companies are noticing another changing trend: the increased demand of connectivity for everyday objects to send and receive data, also known as the Internet of Things (IoT). Staying competitive depends upon more than creating the latest gadget. It also means providing a way to connect that device to phones, tablets, security systems, cloud platforms, and networks.
Industries are responding. Cisco Systems, Inc., the multinational technology company, recently announced the purchase of Jasper Technologies, a leader in object connectivity, in order to move to a more automated, connected service offering for their billions of internet-connected devices. Even automotive brands like Jaguar Land Rover are making connectivity a central element of new vehicle development, averaging around $18.9 billion in investments over the last 6 years.
Not all companies have the liquid assets on-hand to make such massive investments. Nevertheless, evolution is still needed to stay competitive. Begin updating your systems and IT capabilities to keep up with the growing demand for connectivity by taking these three steps:
1. Merge operations and IT departments. Promoting departmental integration ensures that data can be easily accessed and shared among specialties—promoting teamwork for the thorough testing of connection speed as well as effectiveness of new network applications.
2. Understand connectivity limits. If you’re making the move to greater levels of connectivity speed, keep in mind that hundreds—even thousands—of devices and applications can be connected to a single wireless network at the same time. That knowledge can help you decide whether your existing technology network is equipped to handle current traffic and usage levels—or whether it’s time to develop new networks.
Universities, research institutions, and regulatory agencies provide a wealth of knowledge surrounding the latest technology trends. These institutions also have the resources to create new industry standards, and the personnel to integrate systems for testing and support of future initiatives.
At a Glance
By 2020, there will be 250 million connected vehicles with the following capabilities:
- Telematics—The science of transmitting data over great distances, used for safety and security
- Advanced Driver Assistance Systems (ADAS)—Accident avoidance and driving efficiency tools
- Interactive Screens—Navigation, satellite radio, traffic, and weather
- Well-being—Senses driver fatigue and sends electronic alerts
- Autonomous Driving—The self-parking car
Consider how the automotive industry is embracing connectivity and new technology trends to stay relevant. Evaluate how your company’s business processes and technology capabilities might benefit through expansion—answering the growing call for connectivity.