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The internet-of-things (IoT) is a relatively new technological development, but already, it’s reshaping how businesses operate. Whether you’re interested in the topic as an avid technologist, as a business owner looking to become more competitive, or as a consumer wondering how you can take advantage of these developments, it pays to know more about how IoT is developing.

How IoT Is Reshaping Businesses

These are some of the most influential changes that are currently unfolding:

1. New standards for facility management

Facility managers now have new standards to follow, thanks in part to IoT technologies. Some of these include improved communications about processes and requirements, improved consistency of service, and improved productivity, safety, and wellbeing for the workforce. While the industry used to be almost exclusively focused on grounds maintenance and security, facility managers now need to worry about asset management, risk management, operations and management, and business management, all of which are heavily tied into the use and development of IoT.

2. Tracking at every step of the process

Old inventory management systems were clunky and relied on manual entries. Now, thanks to the emergence of RFIDs, automatic scanners, and other IoT technology, it’s possible to track virtually every item along virtually every step of …

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