Let's build together the new era of IOT business !
Wouldn’t you love if you could switch on air conditioning before reaching home or switch off lights even after you have left home? Or unlock the doors to friends for temporary access even when you are not at home. Don’t be surprised with IoT taking shape companies are building products to make your life simpler and convenient.Smart Home has become the revolutionary ladder of success in the residential spaces and it is predicted Smart homes will become as common as smartphones.
Wearable devices are installed with sensors and softwares which collect data and information about the users. This data is later pre-processed to extract essential insights about user.These devices broadly cover fitness, health and entertainment requirements. The pre-requisite from internet of things technology for wearable applications is to be highly energy efficient or ultra-low power and small sized.
A connected car is a vehicle which is able to optimize it’s own operation, maintenance as well as comfort of passengers using onboard sensors and internet connectivity.Most large auto makers as well as some brave startups are working on connected car solutions. Major brands like Tesla, BMW, Apple, Google are working on bringing the next revolution in automobiles.
According to Jeff Immelt, CEO, GE Electric, IIoT is a “beautiful, desirable and investable” asset. The driving philosophy behind IIoT is that, smart machines are more accurate and consistent than humans in communicating through data. And, this data can help companies pick inefficiencies and problems sooner.IIoT holds great potential for quality control and sustainability. Applications for tracking goods, real time information exchange about inventory among suppliers and retailers and automated delivery will increase the supply chain efficiency. According to GE the improvement industry productivity will generate $10 trillion to $15 trillion in GDP worldwide over next 15 years.
IoT will solve major problems faced by the people living in cities like pollution, traffic congestion and shortage of energy supplies etc. Products like cellular communication enabled Smart Belly trash will send alerts to municipal services when a bin needs to be emptied.By installing sensors and using web applications, citizens can find free available parking slots across the city. Also, the sensors can detect meter tampering issues, general malfunctions and any installation issues in the electricity system.
With the continous increase in world’s population, demand for food supply is extremely raised. Governments are helping farmers to use advanced techniques and research to increase food production. Smart farming is one of the fastest growing field in IoT. Farmers are using meaningful insights from the data to yield better return on investment. Sensing for soil moisture and nutrients, controlling water usage for plant growth and determining custom fertilizer are some simple uses of IoT.
Smartphones will be the way for retailers to remain connected with their consumers even out of store. Interacting through Smartphones and using Beacon technology can help retailers serve their consumers better. They can also track consumers path through a store and improve store layout and place premium products in high traffic areas.
The basic idea behind the smart grids is to collect data in an automated fashion and analyze the behavior or electricity consumers and suppliers for improving efficiency as well as economics of electricity use.Smart Grids will also be able to detect sources of power outages more quickly and at individual household levels like near by solar panel, making possible distributed energy system.
Research shows IoT in healthcare will be massive in coming years. IoT in healthcare is aimed at empowering people to live healthier life by wearing connected devices.The collected data will help in personalized analysis of an individual’s health and provide tailor made strategies to combat illness.
Livestock monitoring is about animal husbandry and cost saving. Using IoT applications to gather data about the health and well being of the cattle, ranchers knowing early about the sick animal can pull out and help prevent large number of sick cattle.
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