11 Apr Thrive in a digital world with Dynamics 365 Business Central (III/V)
We have prepared a series of 5 articles for you in which we explain how Dynamics 365 Business Central can help your business to thrive in a digital environment.
The “Internet of Things” isn’t a mystery, it’s a reality
Internet of Things (IoT) refers to the collection and analysis of data to identify owners, track trends and even predict behaviours. All businesses collect data. The secret is using this information to have a better idea of the behaviour of the customer and the operative efficiency. Organisations who can benefit from the value of their data to predict the future instead of simply reacting to the past will thrive.
The cloud is transforming the way we manage and provide data. There is a world of data available (both inside and outside of your organisation) and the business applications that involve large amounts of data, advanced analysis and IoT in their business processes, can actively orientate employees and customers towards optimum results.
We see IoT becoming more and more a part of the business world, by bringing assets, data and processes together with people and business systems. This intersection has generated new business opportunities and provides a perspective which boosts meaningful interactions amongst customers.
Through IoT, businesses use their data, often combined with public data, to understand their products, customers and markets better. The challenge for each company is to understand which data is available and how it can apply to their operations.
With Dynamics 365 Business Central, data and statistics become actionable intelligence so that you can:
- Deliver information from end to end which provides information to your whole organisation.
- Proactively analyse data to detect sales trends, identify customers with the highest margin, discover under-performing product lines and much more.
- Combine data from public sources to build a better understanding of your customers and the opportunities of the market.