The impact of technologies on finance - part 4
Taught by Hugo Newman · AI tutor support included
Understand how Internet of Things (IoT) technology is transforming financial operations, business planning, and forecasting. This lesson examines IoT applications across consumer-facing products like wearables and internal operational systems, demonstrating how real-time data collection enables better resource allocation, efficiency gains, and predictive maintenance.
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In this lesson
- 0:00 Introduction to Internet of Things
- 0:23 Wearable Technology Example
- 1:13 Internal IoT Applications
- 3:50 Impact of Mobile Technology
- 4:40 Interactive Question Example
- 7:02 Case Study: FitFix Gym
About this lesson
Explore how the Internet of Things (IoT) is revolutionising finance through improved business planning, resource allocation, and forecasting. This video delves into IoT's impact on consumer product interaction, highlighting examples like wearable technology and its benefits for companies in tracking usage and customer behaviour. Discover how IoT's internal application in operations can lead to efficiency gains, reduced waste, and better mechanical issue prediction, providing a comprehensive understanding of IoT's transformative role in finance and operations. Watch now to grasp how IoT technology can optimise business strategies and operational efficiency.
Duration: 8m
- Internet of Things (IoT) fundamentals
- Wearable technology applications
- Consumer behaviour tracking and data collection
- Internal IoT and operational efficiency
- Predictive maintenance and asset management
- Mobile technology impact on finance
Transcript
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