IoT

What is the Internet of Things?

The internet of things (IoT) is the network of physical devices, vehicles, buildings, and other items - embedded with electronics, software, sensors, actuators, and network connectivity that enable these objects to collect and exchange data. The use of increasingly sophisticated embedded sensors in everything from smartphones and vehicles to buildings means that we expect even more on-demand connectivity and access to information and control. But real-time monitoring can't be achieved simply by investing in more IT or implementing new policies and procedures.

Internet of Things provides a layer of digital intelligence that will improve on the “smartness” of the device. When a device possesses the capabilities of internet connectivity, then it starts bearing every attribute of being "smart," as is the case with smartwatch, smartphone, or smart refrigerator.

Hoe can you benefit from IoT?

Let’s assume you have a refrigerator with Internet of Things capabilities. A mobile app on a smartphone can give you a visual perspective of the fridge’s inside, even when you are the grocery store. With IoT light bulbs at home, a simple voice command can be used to switch on or off the lamp. IoT has limitless potentials.

The applications of Internet of Things in business include the identification and analysis of issues on a remote basis, providing an insight as to when and where maintenance is required and ensuring that there is no deficiency in the production line whatsoever. Coincidentally, the company revenue is directly affected by these applications. Additionally, Internet of Things is evolving at a fast rate, and businesses are incorporating the use of IoT into its operation. The reliance of an enterprise on IoT is referred to as digital transformation.

More and more objects and devices are made with built-in sensors and Wi-Fi capabilities. At the same time, the internet is getting more sophisticated and technology costs are going down, making IoT more accessible than ever.

Bring your business together in new and insightful ways with the Internet of Things (IoT)—from increasing process efficiencies to delivering better customer experiences to generating new revenue streams.

Doing business – the IoT way

The applications of IoT in business include the identification and analysis of issues on a remote basis, providing an insight as to when and where maintenance is required and ensuring that there is no deficiency in the production line whatsoever. Coincidentally, the company revenue is directly affected by these applications. Additionally, IoT is evolving at a fast rate, and businesses are incorporating the use of IoT into its operation. The reliance of an enterprise on IoT is referred to as digital transformation.

Manufacturing

In M2M, otherwise referred to as Industry 4.0 and IoT, tracking the functionalities of manufacturing equipment is often done using sensors and advanced analytics. With predictive analytics and maintenance, there is a less occurrence of downtime, which often results in loss of profit. Factories having IoT sensors incorporated into their equipment helps to improve the productivity and efficiency of factory employees, especially technicians.

Transportation

The installation of IoT in a vehicle provides remote monitoring and data analysis functions, which have a positive influence on transportation and logistics. Businesses use Internet of Things in terms of predictive analytics to solve problems before they arise; information on better delivery routes are also provided, courtesy of IoT. On the other hand, individuals can link their IoT-enabled vehicles to their smartphones and homes for a seamless experience.

Retail

Information on the shopping experience of customers can be shared with retailers via video cameras, smart shelves, and beacons available within the retail store. Customers are also provided with shopping assistance from mobile apps and digital kiosks capable of delivering a personalized experience. Inventory tracking is better supplied with smart shelves. The data collected by IoT-enabled devices help retail businesses in assigning staff to areas in great need with a resulting optimization in operational efficiency.

Smart Cities

Many devices are IoT-enabled within smart cities, including sensors within parking lots to inform drivers about the availability of a free parking space when connected to a mobile app, video cameras installed within smart streetlights, gunshot detection devices, and weather sensors. The incorporation of IoT solutions within smart cities lowers the cost of operations and increases energy efficiency.

Healthcare

IoT cloud platform has been in use by many healthcare organizations for monitoring the purchase and use of medical supplies and pharmaceutics. Room temperature and the frequency of the patient’s movement while on a bed can be assessed by IoT sensors. For patients who are not within the hospital environs, wearable sensors monitor the patient’s vital signs and alert the doctor in the case of an emergency.

Utilities

An Internet of Things solution in managing the consumption of energy and water is achieved with smart meters that connect to a smart energy grid to ensure that energy flow is regulated effectively. Smart water sensors are used in monitoring the quality, temperature, pressure, and consumption of water. The data obtained via this means undergoes analysis and subsequently provides an insight into water usage and how this is effectively managed.