Breeze recently completed a project for Bupa subsidiary, Dental Corporation, that leveraged the Azure cloud platform to deliver real-time data on its practices.
In the new setup, a software agent was installed in each practice which tracks and changes in practice data and extracts and forwards them to Azure, where the data is processed and made available to Dental Corporation.
This was held up as an example of IoT.
Dental corporation general manager, Kellie King, said it was a case of disparate data, disparate applications and disparate devices scattered all over the world.
"We are embarking on an Internet of Things project in order to connect those applications, data and devices to uncover insights about our business."
The report also found 53 per cent of organisations that had deployed IoT, had increased productivity and efficiency at an average of 29 per cent.
However 20 per cent of companies are still unaware of the concept of IoT, while only 26 per cent of organisations have implemented any form of IoT.
Telsyte managing director, Foad Fadaghi, said Australian organisations were faced with a massive increase in Internet-connected devices that would give unprecedented insights into their operations.
He said IoT was the same thing many industrial companies had been doing for decades, only with a different approach.
"It's the data and the handling of that data that's going to make a difference going forward," he said.
"When people in the industry start to realise it... snowballing will occur. "The real-time data generated from IoT devices will usher in a new era of productivity that will be critical for Australian companies looking at staying internationally competitive regardless of industry segment."
For those companies about to embark on an IoT strategy, Telsyte recommends starting small.
Inertia associated with rolling out unfamiliar technologies can be overcome if business leaders start small and grow their IoT deployments as business benefits such as boosted productivity and revenues and reduced costs are realised. The Cloud will also be key. But to overcome complexity, skills and cost barriers, Telsyte recommends exploring proven IoT Cloud services or managed solutions, which can be procured on a pay-per-use basis and grown as requirements increase, reducing risk and accelerating deployments. While IoT pioneers have often had to go it alone, the fast followers are working with experienced vendor partners to reduce risk, leverage skills and ultimately adopt tried and tested vertical solutions.
As benefits grow with IoT scale, Telsyte recommends investigating vendors that can handle the largest workloads and scale to meet future requirements. Most organisations (77 per cent) in Australia have some restrictions on where data is located.
Telsyte recommends engaging with IoT solution providers that have an on-shore cloud service or with local managed-service providers that have experience in dealing with data location restrictions. But real-time data will deliver the most transformational results.
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