📺 Stream EntrepreneurTV for Free 📺

Internet of Things & Customer Engagement: Exploring the Synergies The dawn of the age of IoT and Big Data has arrived.

By Ansuman Dani

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

THINFILM

Nowadays, I am somewhat amused by my experiences on the Internet. If I visit a website to check out some Spiderman comics for my kid, I invariably find kiddies merchandise being exhibited to me for the next week or so. Machine learning techniques are developing fast and with huge data pools being created, we are staring at the cusp of an age where the first crude forms of machine or artificial intelligence are starting to take shape.

Today, when I am able to speak to my phone and it searches out information on the web and talks back to me; today, when my refrigerator is able to talk to my online grocer for a refill of daily use items; today, when my car talks to me and gives me instructions on roads to take, when to refill, my kind of music, etc., I cannot but believe that we are waking up to a new world where Ironman and Jarvis are possibilities that I should start believing in.

The world that our children will inherit will be a completely different place, a connected world of devices and systems that deliver utilities and services even before we realize and ask for them.

The dawn of the age of IoT and Big Data has arrived. Smart and connected cars (ask Google, Apple or Tesla) and space travel (Space X or Virgin Galactic) are no longer science fiction. Homes, hospitals, schools, etc - everything is now smart and intelligent. Products themselves are starting to become tools for personalized engagement and engineers are designing features and functionalities around"experience architecture".

It will probably take a decade to reach a stage wherein the multiple advantages of intelligent connected devices start to kick into the consumer psyche. In the meantime, mobility, cloud and social media are changing the way we think and act. The mobile technology market is already headed towards hyper-personalization.

With over a billion users worldwide, mobile smartphones are integral to our daily lives. This with the advent of 4G, cloud connectivity and analytics frameworks will define the future intelligent environments.

Within the context of IoT, products and services can continue to work for brands even after they have already been sold. These would open up new channels of proactive engagement, allowing us to redefine customer engagement completely.

Like any groundbreaking new technology, IoT can potentially improve our personal lives drastically and make our workplaces highly efficient with enhanced capabilities. However, like any good thing, this also has tremendous scope of misuse. Always being connected would open up privacy risks of more surveillance, potential frauds, scams and other vicious hacking and cyber attacks.

And just think, what a field day advertisers would have!! Governments and economies around the world are already opening up to these new challenges and hopefully regulations will be able to keep pace with innovation happening rapidly around IoT.

Ansuman Dani

Co-founder & CEO, BirdVision

Ansuman is a first generation entrepreneur with years of diversified business experience across diverse sectors and he brings with him an extremely strong focus on business and product development. He co-founded BirdVision along with Pallavi Das and Kapil Rana.

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Leadership

How to Harness the Power of Authentic Storytelling to Become a More Effective and Inspiring Leader

Storytelling enhances business leadership by inspiring a culture of authenticity and trust through sharing relevant personal stories.

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.

News and Trends

Niyogin Fintech Limited Acquires "Superscan" from Orbo.ai

This strategic acquisition showcases Niyogin's commitment to spearheading digital transformation and encouraging the widespread adoption of cutting-edge technologies.

Science & Technology

9 New Fitness Gadgets to Help You Get Into Shape This Year

From a watch that tracks your mood to a belt that tracks your steps, here are some of the most fitness-focused innovations spotted at this year's Consumer Electronics Show.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.