With the Internet of Things taking the world by storm, it’s no surprise that many businesses are attempting to leverage it to their advantage. However, implementing these devices into your operations comes with its fair share of risks and challenges. Let’s discuss some of the ways you should consider implementing the Internet of Things for your business, as well as what you must consider when building your IoT strategy.

Twenty years ago, the term “Internet of Things” was coined by a marketer named Kevin Ashton. Working for multinational consumer goods corporation Proctor & Gamble, his idea to use RFID to help manage P&G’s supply chain led to a partnership with MIT. For his efforts, Ashton became a high-tech entrepreneur and best-selling author, but his lasting legacy will likely be tied to the actual Internet of Things (IoT).