Sunday, July 16, 2017

The 'Internet of Things' Is Steering the On-Demand Economy. Want to Be a Part of It?

Uber is the company everyone wants to be. It’s the poster child for leveraging an internet-connected device to solve a unique problem. Uber couldn’t have existed before smartphones became a widespread phenomen, of course. But today we can all hail a car with a swipe and a tap, thanks to dual internet connectivity and mobile GPS.

Smartphones were the first internet-connected devices, but they are far from the last. As the Internet of Things (IoT) evolves, these next-generation improvements will push on-demand businesses to explore hundreds of new possibilities.

The game-changer here? Data. Connected devices and their data make every on-demand business possible.

Sensory evolution

With smartphone features such as fingerprint scanning, barometers, accelerometers, light sensors and more, entrepreneurs have access to data they’ve never seen before. And as smartphones add more bells and whistles, companies have even more data points to build around.

Beyond sensory data from hardware, though, on-demand businesses can leverage a large quantity of stored data. Storing data around criteria like behavior, preferences and reliability allows companies to act more efficiently and optimize the user experience. For example, Uber wants to make sure users never have to type an address again.

Along with data, the IoT is improving internet connectivity and voice recognition to provide even better user experience. These devices are getting smarter on their own, as well as collectively.

A stand-alone voice recognition device is great by itself, but an Amazon Echo is even better. This device can access all the power of Amazon for tasks such as ordering groceries, playing music and restocking supplies -- using just the power of your voice. Other devices such as Cortana, Alexa and the new Google Home will make on-demand services available through the sound of a person’s voice rather than at the touch of a button.
Read More: https://www.entrepreneur.com/article/277799
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