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iBeacon technology allows businesses to have multi-channel communications with their customers — to reach them where they are. However, many SMBs are already reaping the benefits of the technology. It may sound creepy, but consumers have found this technology to be so useful that Amazon has already rolled it out in 37 cities.
Ray Dick: Automation, AI, and technological advancements can definitely change the conversation, but there’s always going to be a human in the loop somewhere. The other thing that’s going on is this is causing a struggle with advanced manufacturing technologies. Zeiss has been a fantastic partner as well as Miller Electric.
So you start talking about lowering your electric bill, having a smaller AC unit and managing, like I said, the airflow in and out of that home. Adam Faber: I still have one from when I came from Kansas 10 years ago, and it’s way out of style, but it’s still warm. Adam Honig: Right, so it’s a great way to save money.
For example, the electric company charges customers for the amount of energy they use each month. Some companies also measure billing in specific units, such as minutes for telecom or units of electricity. The switch is usually transformative, requiring processes and technology across the organization to shift or be redesigned.
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