200 percent profit margin on a job? It's possible with the Internet of Things

200 percent profit margin on a job? It's possible with the Internet of Things

The expanding pace of interconnectivity means a chance for greater profits than ever -- but how to grab some of that IoT magic?

In an article on our sister publication Contracting Business, Phil Zito defines, discusses, and offers helpful first steps for contractors trying to get in on the next generation of intelligent building automation.

And for the technologically-averse, Zito begins the conversation talking less about technology and more about process:

I will challenge you by saying that process is exactly where the conversation needs to be. The Internet of Things promises to unleash a torrent of devices into the market, but in reality, all those new devices do is provide you with more ways to increase the size of your low margin work. If you're truly going to achieve breakout velocity, then you need to be able to use the Internet of Things to impact business outcomes, and that is what this article is about.

Read the full article here, and for more on the Internet of Things, visit our landing page at contractormag.com/iot.

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