Mike Doman
Technology Journalist

Mike Doman is a technology, lifestyle, industrial and education writer

Mike Doman
Technology Journalist

Mike Doman is a technology, lifestyle, industrial and education writer

Connected devices and the Internet of Things (IoT) are increasingly changing the way we work. So what does a connected Aussie business look like – and how do emerging technologies influence your business now and in the future?

View through the side of an office building

First, what is the Internet of Things?

Gartner describes the IoT as, “the network of physical objects that contain embedded technology to communicate and sense or interact with their internal states or the external environment”. And as stated by Forbes , the IoT “can transform how organisations design, produce and sell their products and services, as well as how they become part of a larger ecosystem – both physical and digital”.

Put simply, the IoT is a network of Internet-connected objects capable of both collecting and exchanging data. It means a device can talk to another device, including things like smart TVs, mobile phones, tablets, air-conditioners, thermostats, fridges and a whole lot more. While for many it sounds a little bit like science fiction, the truth is the IoT is well and truly here, and it’s already changing how Australian businesses operate and develop new business apps for a vast range of solutions.

According to ACS, the professional association for Australia’s ICT sector, the IoT has the potential to supercharge Australia’s next wave of economic growth. A report titled Australia’s IoT Opportunity: Driving Future Growth, suggests the IoT can reinvigorate Australia’s productivity growth through the key sectors of construction, mining, healthcare, manufacturing and agriculture. At the same time, the IoT provides a $30 billion opportunity for Australia’s tech sector by 2023.

“Australia’s productivity has plateaued in the past decade and our growth has largely relied on the bounty of our natural resources,” said PWC CEO Luke Sayers. “Our future growth is going to come from innovation and embracing the digital revolution. New technologies are triggering a fundamental transformation in the way we are engaging with each other, the world around us and how we do business. The Internet of Things provides a huge opportunity to improve productivity by up to 2% per annum in some industries if we have the courage to embrace it.”

Future IoT impact

This anticipated level of impact is exciting news for Australian business internet solutions, countless innovative business apps and connected device platforms both existing and yet to be developed. The business benefits will be varied yet significant. So what might a connected business look like?

Want more information about how technology can help your business?

Discover resources, reports and insights to help you achieve your goals.

Find out moreWant more information about how technology can help your business?

Customer shopping online
Customer Experience
Customer Experience
5 ways to help prepare your business for online Christmas shopping

Despite COVID-19 restrictions easing, many people might still prefer to shop online instead of in-store this Christmas. Is your business ready to meet the demands of the holida...

Regional Australian landscape
Customer Experience
Customer Experience
Bridging the location gap: How regional businesses are thriving online

As society becomes more digitally connected, technology is helping to unleash the potential of many regional businesses.

Female worker stretching hands above head at workplace
Productivity
Productivity
Why you should choose mindfulness over multitasking

Every minute counts for small business owners, so working on three or four things at once might seem like the best way to get things done. But is multitasking actually holding ...

Business owner uses digital tablet on a farm
Business IQ
Business IQ
Federal Budget 2020: 5 key take-aways for small business

Telstra has teamed up with Small Business Australia to deliver a series of articles and resources to help Aussie small businesses survive and thrive in these challenging times....