lutz logo
lutz logo
  • Services
  • News & Insights
  • About
  • Client Portal
Search
  • Services
  • Accounting
  • Advisory
  • Financial
  • M&A
  • Talent
  • Tech
  • Accounting Services
Services
  • Audit & Assurance
  • Client Advisory Services
  • Outsourced Accounting
  • Tax
  • Business Valuation
  • Litigation Support & Forensic
View All
Industries
  • Agribusiness
  • Construction
  • Family Office
  • Healthcare
  • Manufacturing & Distribution
  • Nonprofit
View All
News & Insights
Financial Access Checklist
Guide
Financial Access Checklist

Share this information with your spouse to assure you each have access to manage important financial tasks independently.

Read More
  • Advisory Services
Services
  • Accounting
  • Financial
  • M&A
  • Talent
  • Tech
View All
Resources
The Art of Budgeting
Recording
The Art of Budgeting + Smart Saving Strategies
Learn how to get your finances under control and increase your savings! Hear real-life examples and best practices to secure a successful future.
Watch Now
Business Insights
Comparing Business Valuation Methods
Blog
Comparing Business Valuation Methods: Which is Right for You?
Valuation experts rely on three primary approaches to determine the value of a business: income approach, asset approach, and market approach.
Read More
  • Financial Services
Services
  • Financial Planning
  • Investment Advisory
  • Retirement Plan Services
  • Pooled Employer 401(k) Plan
View All
Resources
  • Lutz Financial Blog
  • Our Team
  • Client Portal
  • Charles Schwab Login
  • Send Files Securely
Contact Us
NEWS & INSIGHTS
Website Featured Content Images
Market Commentary
Financial Market Updates

Read our latest financial market updates and sign up to receive them straight to your inbox.

Read More
  • M&A Services
Services
  • Sell-Side Representation
  • Transaction Advisory
  • Exit Planning
  • Business Valuation
View All
Resources
Selling a C Corporation
Blog
Factors to Consider When Selling a C Corporation

Understand the tax issues affecting both buyers and sellers involved in C corporation merger and acquisition transactions

Read More
Business Insights
Post-Acquisition Checklist
Guide
Post-Acquisition Checklist for a Seamless Transition
To help you navigate this critical period, we've compiled a comprehensive checklist covering key areas that demand attention after the deal closes. 
Read More
  • Talent Services
Services
  • Search & Staffing
  • Outsourced HR
  • HR Consulting
View All
Candidate Resources
  • Job Seeker Process
  • Current Opportunities
  • Lutz Internships
Contact Us
News & Insights
Overcoming Bias in Recruitment
Blog
Unconscious Bias in Recruitment: How to Overcome It
Learn how to take the bias out of recruitment and build a diverse, talented workforce with these tips.
Read More
  • Tech Services
Services
  • Outsourced IT
  • Data Analytics
  • Technology Strategy
  • Software Consulting
View All
Resources
When to outsource your IT
Blog
How to Know When It's Time to Partner with an IT Pro

One day your technology seems manageable, and the next you're wondering if you need more support. Here are the clear signs it's time to outsource your IT.

Read More
Business Insights
Untitled design (1)-Mar-08-2024-08-50-35-9527-PM
Video
Pella Client Testimonial
"I've used them for valuation work, stock transfers, hosting all of my technology, and now data analytics. I'd say they lead the pack in terms of anticipating what I'm going to need before I even know I need it."
View Now
Business Insights
BLOG
Explore Topics

Get the latest news and insights on relevant topics that matter most to you.

View All
Webinars & Events
Events
Register Today

Register for an upcoming event or access our library of on-demand recordings.

View All
Market Updates
COMMENTARY
Stay Informed

Catch up on market moves with our weekly update, featuring in-depth insights and analysis.

View All
Resources
EBOOKS & GUIDES
Download Now

Take a deep dive into challenging business topics with these free educational resources. 

View All
  • News & Insights
  • Business Insights
  • Webinars & Events
  • Market Updates
  • Resources
Business Insights
BLOG
Explore Topics

Get the latest news and insights on relevant topics that matter most to you.

View All
  • About
About

Lutz is a business solutions firm for people seeking a partner to help energize and heighten economic and organizational success.

Our Company
Our Team
Offices
Careers
Internships
Contact Us
  • Contact
Client Portal

Log in to your relevant client portal to access your account, upload documents, or make a payment.

Make a Payment
Accounting Client Portal
Financial Client Portal
Charles Schwab Login
Send Files Securely
Contact Us
  • Tech

The Internet of Things (IoT): A Beginner's Crash Course

Alex Lutz, Tech Director
September 17, 2018
The Internet of Things (IoT): A Beginner's Crash Course

You know more about the  Internet of Things, or IoT, than you may think. While the term sounds futuristic, almost everyone is already using IoT on a daily basis. IoT simply refers to items that contain software, sensors, electronics, etc., that allow them to connect with computers or each other and "talk." In the past, this type of connectivity was limited to your computer, smartphone, and tablet. Now, many previously "dumb" items, like your thermostat, can adjust themselves or accomplish tasks that you used to do. A number of IoT devices exist that help individual consumers and various industries. Understanding what they are and how to use them can only enhance your life.  

 

Consumer or CIoT

The  Consumer Internet of Things refers to computerized devices that make your own life easier. You may already have a smart TV with advanced streaming ability, a car with numerous computerized elements, and home control devices. Members of your family may wear health-tracking devices that transfer information to your computer for storage and assessment. Perhaps you wake up to music provided by Siri or Alexa. Home automation devices are a popular part of CIoT. Your smart home may include several devices that are connected through a central hub. You can control your HVAC system by setting different temperatures for nighttime and daytime. Lighting and home security can also be pre-set or controlled remotely. Other devices include leak detection, child and pet monitoring, and air quality control. Consumers are really just beginning to see how CIoT can affect their lives. By 2020, you will see more and better uses of this technology in your home. Experts predict artificial intelligence will become more pervasive, routers will become "smarter," and approximately 21 billion connected devices will exist.  

 

Enterprise IoT

The most significant applications of IoT may be in the business sector. Some of the applications are those that individual consumers use, such as control of HVAC systems in offices and manufacturing plants to cut facility expenses. The truly exciting Enterprise IoT may come in manufacturing automation. For instance, IoT can be used to "manage parts and perishables and also prevent counterfeit products." The future of EIoT may include smart refrigeration units that will notify staff what needs restocking and when. This technology may also help track food consumption trends and health issues among segments of the population. EIot can also be used to determine the best routes for trucks moving products, saving manufacturers time and money. The healthcare industry is already using EIot to monitor hand hygiene practices as well as a number of patient vital signs.  

 

IoT Big Data

For some in the field,  data is the main goal of IoT devices. They provide a constant stream of information about consumers or manufacturing practices that begs for advanced analysis in order to make improvements in almost any process. IoT can provide mobile geolocation data, product usage data, social media data, and records of operations in software applications.  

 

IoT Security

Unfortunately, IoT devices are vulnerable to hacking, as are all computerized items. That's why many experts are focused on improving both individual and enterprise security in this area. They recommend that every IoT device allowed on your network meet security standards and that you use network segmentation as much as possible. Of course, IoT devices have to be able to talk to each other, so isolating them from your main network can be problematic. The Internet of Things has already come into homes and businesses, but it promises to explode in the coming few years. IoT can simplify everyday life as well as enhance business practices and production. The data it provides can offer valuable insight into consumer behavior and manufacturing plants. While security is an issue, IoT is on the rise and will inevitably play a huge role in the coming years.
  • Learner, Restorative, Relator, Individualization, Ideation

Alex Lutz

Tech Director

Alex Lutz, Tech Director, began his career in 2007. With a background in IT support and network engineering, he has played a key role in the growth and evolution of Lutz Tech since its earliest days. His experience spans technical implementation, strategic operations, and people development, making him a well-rounded leader within the firm. 

In his current role, Alex oversees the daily operations of the Tech division, supports internal process improvement initiatives, and helps drive long-term strategic planning. He works closely with department managers and leaders across other divisions to align efforts, identify opportunities for efficiency, and ensure successful execution of firmwide projects. Whether it’s managing resource planning, evaluating systems, or helping shape the future of the department, Alex brings a steady hand and solutions-focused mindset to every initiative. 

 

At Lutz, Alex’s natural curiosity and ability to connect with others fuel his passion for mentoring and team development. He takes pride in helping people grow into leadership roles, fostering an environment where continuous learning and shared problem-solving drive innovation across the organization. 

 

Alex lives in Ralston, NE, with his wife, Mikala, and their three children, Malcolm, Maxwell, and Calvin. Outside the office, you can find him woodworking, hiking, experimenting with electronics and 3D printing, or enjoying a good book. 

402.778.7941

alutz@lutz.us

Connect on LinkedIn

Recent News & Insights

Recent News
Lutz Announces Redemption of Ron Nebbia’s Shares
Lutz, a Nebraska-based business solutions firm, announces the redemption of ownership held by ...
Read More
Market Commentary
2025 Has Been a Boring Year + 5.14.25
2025 Has Been a Boring Year Imagine you went to sleep on New Year’s Eve and just woke up ...
Read More
Job Seeker
5 Ways to Maximize Your Chances of Employment
Let’s face it, job searching can be a rollercoaster. One moment you're motivated, the next ...
Read More
Guide
Finding a Lifelong Career
You’ll spend over 90,000 hours of your life at work. That’s more time than you’ll spend with ...
Read More
module-bg-desktop module-bg-mobile

Let’s get you where you want to go.

We work to simplify complexities, help make critical business decisions, and confidently focus on the things that are truly important to you. We embrace your business as our own to spark the right solutions and help you thrive.
Contact Us
Lutz-Logo-white
  • Services
    • Accounting
    • Consulting
    • Financial
    • M&A
    • Talent
    • Tech
  • About
    • Our Company
    • Our Team
    • Offices
    • Careers
    • Internships
    • Current Opportunities
  • Client Portal
    • Make a Payment
    • Accounting Client Portal
    • Financial Client Portal
    • Send Files Securely
    Submit RFP
TOLL-FREE: 866.577.0780 | © Lutz & company, PC 2025 | Privacy Policy
Follow us on Facebook Follow us on LinkedIn Twitter - X Logo Follow us on Instagram Follow us on Facebook