Professional Documents
Culture Documents
Discover What's Next in Business Analysis - IIBA®
Discover What's Next in Business Analysis - IIBA®
Discover What's Next in Business Analysis - IIBA®
search menu
menu
This is the fifth (and final!) entry in our “What’s Next” writing contest. Like what you’re
reading? Vote for it in our LinkedIn poll at the end of the contest.
Support
In today’s dynamic technological landscape, the Internet of Things (IoT) and autonomous
https://www.iiba.org/business-analysis-blogs/the-intersection-of-iot-autonomous-devices-and-business-analysis/ 1/8
02/11/2023, 09:10 Discover What’s Next in Business Analysis | IIBA®
devices have emerged as game-changers for businesses across industries. They’ve even
search
become integral parts of our daily lives.
These interconnected systems offer new opportunities for efficiency, data-driven decision-
making, and enhanced customer experiences. But fully capitalizing on the potential of IoT and
autonomous devices requires a well-planned approach.
The phrase “Internet of Things” refers to a network of interlinked physical devices. It includes
vehicles, buildings, and other objects embedded with sensors, software, and network
connectivity. These devices collect and exchange data, empowering them to communicate
and interact with their environment.
One big advantage of IoT is the massive amount of data it generates. Sensors in devices
collect real-time information about everything from temperature and humidity to consumer
behaviour.
For businesses, this data is a goldmine. It can be used to gain insights into customer
preferences, monitor equipment health, and optimize supply chains. On the flip side, the
sheer volume of data can be overwhelming.
This is where business analysts—who specialize in devising strategies for data collection and
analysis— come into their own. We have the skills to transform raw data into meaningful
insights using techniques such as data mining and simplified decision trees.
Businesses can achieve higher levels of operational efficiency thanks to IoT devices.
Take the manufacturing sector, for instance, where sensors can monitor equipment
performance and predict maintenance needs to reduce downtime and save on maintenance
costs.
In logistics, IoT-powered tracking systems provide real-time visibility into the movement of
goods, optimizing routes and cutting down fuel consumption.
https://www.iiba.org/business-analysis-blogs/the-intersection-of-iot-autonomous-devices-and-business-analysis/ 2/8
02/11/2023, 09:10 Discover What’s Next in Business Analysis | IIBA®
Parallel to the growth of IoT is the development of autonomous devices. These technological
marvels can execute tasks with minimal human intervention, from self-driving cars to drones
and industrial robots.
Autonomous devices are tightly integrated with IoT, often relying on real-time data and
connectivity for decision-making.
For example, self-driving cars stand on the brink of revolutionizing the transportation sector
by promising safer and more efficient travel. These innovations may even usher in entirely
new business models, such as autonomous ride-sharing services.
Business analysts can play a pivotal role in understanding customer needs and preferences in
the context of these emerging technologies. We’re able to conduct market research and
devise strategies to assist businesses in adapting to shifting consumer expectations.
As businesses embrace IoT and autonomous devices, they inevitably confront new risks. The
most pressing of these are data security and privacy.
We also evaluate potential risks associated with autonomous devices, such as accidents
involving self-driving vehicles. Through identification and mitigation, we’re able to guide
organizations through the intricacies of these technologies.
Conclusion
https://www.iiba.org/business-analysis-blogs/the-intersection-of-iot-autonomous-devices-and-business-analysis/ 3/8
02/11/2023, 09:10 Discover What’s Next in Business Analysis | IIBA®
IoT and autonomous devices are promising to reshape industries, opening new horizons for
search
businesses. That said, only a strategic and analytical approach can unlock their full potential.
Business analysts are central to this journey, from conducting data analysis and enhancing
operational efficiency to refining customer experiences and managing risks.
Businesses that leverage IoT and autonomous devices, under the guidance of skilled business
analysts, can succeed in this fiercely competitive landscape. It’s not merely about adopting
the latest tech—it’s also about using it wisely to drive business success.
I can’t wait to see all the exciting things in store for us!
https://www.iiba.org/business-analysis-blogs/the-intersection-of-iot-autonomous-devices-and-business-analysis/ 4/8
02/11/2023, 09:10 Discover What’s Next in Business Analysis | IIBA®
search
https://www.iiba.org/business-analysis-blogs/the-intersection-of-iot-autonomous-devices-and-business-analysis/ 5/8
02/11/2023, 09:10 Discover What’s Next in Business Analysis | IIBA®
https://www.iiba.org/business-analysis-blogs/the-intersection-of-iot-autonomous-devices-and-business-analysis/ 6/8
02/11/2023, 09:10 Discover What’s Next in Business Analysis | IIBA®
search CAREERS
Unlock Automation Career Opportunities with IIBA and
UiPath
IIBA and UiPath have joined forces to empower professionals with career-
advancing access to business analysis fundamentals.
DIGITAL TRANSFORMATION
Can Artificial Intelligence Boost Productivity?
https://www.iiba.org/business-analysis-blogs/the-intersection-of-iot-autonomous-devices-and-business-analysis/ 7/8
02/11/2023, 09:10 Discover What’s Next in Business Analysis | IIBA®
search Contact Us
Newsletter Sign up
Phone: +1 647-426-3735
Canada/USA Phone: +1 866-789-4422
©2023 International Institute of Business Analysis | Terms of Use | Trademarks and Guidelines
| Privacy Policy | Cookies
https://www.iiba.org/business-analysis-blogs/the-intersection-of-iot-autonomous-devices-and-business-analysis/ 8/8