Today Internet of Things (IoT) is revolutionizing our lives in more ways than one – IoT is everywhere. Initially, IoT was portable, then it eventually progressed to be wearable, and currently, it’s implantable. IoT technology has already changed when and where work is done in practically every industry such as smart homes, smart cities, devices, and the automated workflow in various sectors – Internet Of Things has become a mainstay, and it’s evident that the reliance on the various IoT connected devices will continue to elevate.
Let’s take a glance at how industries have begun to harness the potential of IoT
IoT is shaking up the automotive industry like never before; digital transformation has made its way in the automotive space. By facilitating human-to-human, machine-to-machine, and human-to-machine interactions, IoT seeks to expedite processes and enrich people’s lives.
- IoT has enabled smart cars with built-in sensors that aid in efficient parking, provide analytic data on maintenance, and predict collision avoidance.
- Connected vehicles send information to manufacturers with real-time data, sharing insights on developing more accurate predictive maintenance models – the speed of data allows them to respond quickly to any issues found.
- Far beyond relying on human memory and extensive tracking, connected cars come with an advantage of enabling quick communication between manufacturers and drivers on problems and reminders relating to servicing and maintenance.
- Internet of things data offers, new data processing technologies and analytical forecasting models are available to enhance the entire manufacturing value chain, from concept to completion.
- Manufacturers across the world are poised to use analytics data tracked using connected devices to analyze processes and identify optimisation possibilities. Gaining insights early on can help anticipate possible issues and thereby prepare for specific outcomes.
The growing data revolution has paved the way for low-cost sensors, well within a securely protected system without comprising mainly on public safety and individual privacy.
- Internet of things data is transforming cities in consuming water efficiently. Smart meters are equipped to improve leak detection and data integrity; prevent revenue loss and save time as well.
- Energy-saving and sustainable practices are well within reach through IoT technology that makes it easier for buildings struggling with legacy infrastructure.
- By leveraging the power of IoT technology, smart transit systems may well be in place to provide integrated transport hubs seamlessly connected through multiple modes of transportation such as bus systems, metro systems, and so on.
Key Takeaway – Internet of Things continues to evolve and make its ways across several industries, enabling a seamlessly connected world. It has the potential to look at IoT projects, across sectors, and help them utilize the latest technologies and drive profitable growth.