The argument about whether cloud-based solutions will stand the test of time is slowly diminishing in some circles. If you are a subscriber to; Facebook, Google, and NetFlix you are part of the many millions who are using a cloud-based solution on a daily basis.
A recent study by Gartner for worldwide use of the Internet of Things (IOT) states, in part; “The Internet of Things (IoT), which excludes PCs, tablets and smartphones, will grow to 26 billion units installed in 2020 representing an almost 30-fold increase from 0.9 billion in 2009, according to Gartner, Inc. Gartner said that IoT product and service suppliers will generate incremental revenue exceeding $300 billion, mostly in services, in 2020. It will result in $1.9 trillion in global economic value-add through sales into diverse end markets.
The Internet of Things is the network of physical objects that contain embedded technology to communicate and sense or interact with their internal states or the external environment.”
If your company is still embracing old aged technology to extrapolate attendance data, chances are, you could be left behind. Cloud-based time and attendance is here to stay.
The study further Gartner contends; “Emerging areas will witness rapid growth of connected things. This will lead to improved safety, security and loss prevention in the insurance industry. IoT will also facilitate new business models, such as usage-based insurance calculated based on real-time driving data. The banking and securities industry will continue to innovate around mobile and micropayment technology using convenient point-of-sale (POS) terminals and will invest in improved physical security systems. IoT will also support a large range of health and fitness devices and services, combined with medical advances, leading to significant benefit to the healthcare sector. Emerging connected sensor technology will lead to value creation in utilities, transportation and agriculture. Most industries will also benefit from the generic technologies, in that their facilities will operate more efficiently through the use of smart building technology.”
To learn more about the Internet of Things (IoT) and ATS Attendance On-Demand Time and Attendance go to our website to arrange a personalized demo.
