IoT across different industries and sectors

Posted by Global technology interface on October 25, 2021


IoT is fundamentally changing the way we do business. By connecting devices and sensors to the internet, we are entering an age where data analytics, connectivity, and automation are creating innovations and progress previously out of reach. As the Industry 4.0 and home automation movements gain more traction, we will see IoT devices and embedded systems become more and more prevalent in our daily lives. The businesses that understand the use cases and potential of IoT are the businesses that will likely drive innovation over the next 10 years. The IoT market is projected to grow from over $170 billion in 2017 to over $560 billion by 2022.


IoT’s Impact on Agriculture

Farming and agriculture are able to reap significant benefits from IoT technologies. Internet-connected sensors and smart technologies will enable farmers and agricultural workers to better track crops and livestock, measure data on-farm resources, and allow drones to help survey land. All these advancements come together to create what is known as precision farming. With the demand for food ever-increasing, the advancements made possible by IoT will help our farmers and agricultural workers keep up.


IoT Leveraging With Manufacturing Sector

IoT has influenced the manufacturing sector at a great level. With the help of connected devices, manufacturers are able to visualize a clearer supply chain. Smart data gathering has helped in quickly resolving issues face to face with event failures. Predictive maintenance has empowered manufacturers with a necessary set of tools that eliminates the need to overhaul the whole set of inventories. Individuals need to simply track the data as from where particular event failure took place. IoT has helped the manufacturing industry in improving productivity and efficiency.


IoT’s Impact on Energy

The utility industry was one of the early adopters of IoT. Smart meters enable a more granular recording of energy consumption and allow utility companies to more accurately and efficiently bill customers for consumption.

Additionally, smart meters can help track the number of energy users of green technologies send back to the grid, allowing them to be credited and helping to incentivize the use of environmentally friendly energy.


Industrial IoT Applications Empowering Hospitality and Travel Industry

IoT has empowered the travel industry to offer a more personalized and smart solution. The GPS enabled solutions along with IoT has offered an endless possibility in enhancing user experience. The devices that transmit the data between smartphones without using cellular or wi-fi networks are able to provide the necessary communication channels for travel loves. The beacon technology has become marketers delight due to its huge potential in sending location-specific messages. The assets and baggage tracking with real-time reports are possible with the extensive use of Internet of Things technology.


IoT’s Impact on the Supply Chain

Radio-frequency identification (RFID) is a scanning technology based on a reader and a tag with a microchip. The theory of operation is similar to that of a barcode, but the additional intelligence in RFID allows for individual devices or products to be tracked, as opposed to a single type of product or SKU using barcode technology. Integrating this technology with the Internet of Things will allow businesses to greatly improve the quality and transparency of the supply chain in a number of ways, including:

  • Combatting counterfeit goods by verifying a specific good from the assembly line to the end-user
  • Helping to enforce expiration dates on perishables
  • Detecting humidity, temperature, pressure, or moisture that could compromise deliveries
  • Allowing for near-real-time updates to inventory and tracking systems


IoT’s Impact on Home Automation and Smart Homes

Advancements in home automation have been some of the most well-known uses for IoT devices in recent years. Personal assistants like Amazon’s Echo and smart devices like the Apple TV and Kikset smart locks are changing the way we live in and interact with our homes.


In Conclusion

The flexibility of IoT technology and embedded devices make them useful in a wide variety of applications and environments. By offering businesses an opportunity to increase automation and improve data processing and analytics, IoT is an attractive tool for organizations of all sizes. IoT is constantly driving change and innovation at an unprecedented rate. The success of different segments coming with IoT will depend on how these industries handle various security and privacy challenges. With the availability of more advanced data management and data analytics solutions, IoT devices can be deployed on a very large scale. The future lies in embracing automation and constant segment-specific innovation.

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