Technology

A much-needed mindset shift is necessary when it comes to the way companies view sharing proprietary data. A company can only reap the benefits of sharing data when its senior management understands how it can positively impact its sales, its development opportunities, its employees, and its customers.

Customers today desire a streamlined and automated approach to the products they are buying, especially when it comes to maintenance and upgrades. By rethinking your product design process and employing real-time data, you have the ability to create a more valuable and versatile product that will increase customer satisfaction and help your bottom-line.

When you’re stuck with limited, linear data, it’s not possible to get fast and accurate feedback about your product’s performance. Real-time data can help you spot defects in your product or inefficiencies in its performance before problems become acute.

When producing an IoT device, you must prioritize privacy and security over profit and design if you want your customers to keep coming back. It’s time to take a second look at the security of your IoT devices (or lack thereof). Ensure they have sufficient privacy measures built in, and that you’re taking advantage of them.