How IoT is Transforming Industries?
From agriculture to retail and healthcare, the Internet of Things (IoT) is changing how companies in many industries do business. Before we start to dive into how IOT transform many industries nowadays, let’s first discuss what is IoT and how it’s works.
What is IOT?
As the name illustrate The Internet of Things is a growing system of billions of devices — or things, object — worldwide that connect to the internet and to each other through a network (Lan or WLAN).
According to Wikipedia, “The Internet of things (IoT) is the network of devices, vehicles, and home appliances that contain electronics, software, actuators, and connectivity which allows these things to connect, interact and exchange data.” just think of it as a network of internet-connected appliances and devices collecting and sharing data via internet technologies.
The actual idea of connected devices had been around longer. One of the first examples of an Internet of Things is from the early 1980s, was a Coca Cola machine, located at the Carnegie Mellon University, programmers would connect by Internet to the refrigerated appliance, and check to see if there was a drink available, and if it was cold, before making the trip. The real term "Internet of Things" was authored by Kevin Ashton in 1999 amid his work at Procter & Gamble. Ashton who was working in supply chain optimization needed to draw in senior management’s consideration regarding another energizing innovation called RFID. Since the web was the most sultry new pattern in 1999 and he called his introduction "Internet of Things".
In spite of the fact that the name "Internet of Things" might be new to you, you may perceive this associated biological community better as "connected or smarter homes," which incorporate the different IoT devices that make your home life less demanding. Yet, IoT devices are likewise found outside the home. They can go from a Wi-Fi pet camera on your bookshelf to a therapeutic devices embedded in your body. For whatever length of time that the devices can interface with the internet and has sensors that transmit information, it very well may be viewed as an IoT devices. In spite of the fact that your cell phone can do both, however it’s not consider an IoT device.
From that point forward, the IoT has detonated. Devices are becoming littler and more easier. In the long run, everything from even your toothbrush to your toaster might be associated with the web 24x7 and you can control of that through an application on your cell phone. More Devices will each talking with each other, attempting to serve you better. Gartner, Inc., forecasts that there will be approximately 20 billion connected things in use worldwide by 2020.
How it Works?
Every IoT applications consists of three Layers:
The device Layer
which includes the sensors, gateways, and communication protocols such as (WIFI, Bluetooth, Ethernet, etc.).
The business Layer
which includes the business process, Business Logic, event processing and systems integration.
The presentation Layer
which includes mobile applications, web applications, and remote monitoring and control of interactive dashboards.
Let’s explain what this mean
An IoT system consists of sensors, devices (The device Layer) that “talk” to the cloud through some kind of connectivity. Once the info gets to the cloud, computer code processes it so may commit to perform associate action (The Business Layer), like causation associate alert for the user and looking forward to a response or automatically adjusting the sensors/devices while not the necessity for the user. (The Presentation Layer).
How it transforms Industries?
Now let’s have a look at some industries being transformed by IoT- but not limited to:
1. Healthcare
IOT Application in the healthcare industry means not only more efficient business, but can mean better service for the patient.
For instance, by connecting AN magnetic resonance imaging machine or different medical devices up to the internet, hospital employees will get alerts for once repairs are required. this could sound sort of a tiny factor, however in a very hospital, a operating piece of medical instrumentation might mean the distinction between life or death for somebody.
In addition to, wearable and implantable tech can't solely get patients out of the hospital earlier, releasing up time and bed area, however they assist within the administration of medication or post-care regimes through remotely monitoring vitals. Moreover, the info gained by connected patients, hospitals, and systems will cause to do more predictive analytics, as seen in a very Texan hospital that reduced post-heart failure admittance from 23% to 12%.
One study’s findings found that only 15% of doctors had explained available wearable or health app options to their patients.
You can read more detail about these statistics here.
2. Retail
Retail industry is the beginning to be transformed by IoT. For example, retailers are beginning to: Use Bluetooth beacons in their stories to better reach their customers. So, for example, once the consumer has linked with the retailer’s app, they could receive more information about specific products and get personalized discounts. In other words, it’s can welcome customers as they enter the branch or send them personalized messages. Alternatively, Beacons can also be used to assist the customer by navigating them around the branch.
3. Agriculture
According to BI Intelligence, which is a Business Insider premium research service, IoT device installations in the agriculture industry are estimated to grow from 30 million in 2015 to 75 million in 2020:
Smart agriculture, on the other hand, is mostly used to denote the application of IoT solutions in agriculture. The same applies to the smart farming definition. At the same time, the global smart agriculture market size is expected to triple by 2025, reaching $15.3 billion (compared to being slightly over $5 billion back in 2016) you can read more detail here.
Let’s take a look at how IOT application in real life agriculture:
Crop management such as Smart Elements, and Pycno.
Greenhouse automation such Growlink.
Monitoring of climate conditions Semios.
Cattle monitoring and management SCR by Allflex and Cowlar.
End-to-end farm management systems FarmLogs and Cropio.
4. Transportation
For example, by connecting shipping vehicles with sensors to monitor temperature, companies can help ensure goods, especially food, arrive in a safe condition:
Sensors and smart software can also be used in a semi-truck or public bus to collect data that can be used to help the driver operate the vehicle in a manner that helps save fuel. What's more, Intel provides IOT solutions that can be used to monitor how safely a driver is driving and can help predict when fleet vehicles may need repairs in real-time.
In addition to all of the above:
- Smart Parking
- Transport Logistics
- Fleet Management
5. Manufacturing
According to Business Insider, BI Intelligence predicts that global manufacturers will invest $70 billion on IoT solutions in 2020, which is up from the $29 billion they spent in 2015:
Manufacturers in all sectors are connecting their factories to be more productive and efficient. For example, a manufacturer can use IoT solutions to better track assets in the factory and help consolidate control rooms. or other application such as predictive machine maintenance after analysis huge data that coming for sensors.
Predictive maintenance can be relevant both to machines in the factory, and also to products sold to customers. Rolls-Royce, introduced its Total Care Services some 20 years ago. Total Care employs a “power by the hour” model in which customers pay for service based on engine flying hours. Rolls-Royce analyzes engine data to manage customers’ engine maintenance and maximize aircraft availability.
Conclusion
The Internet of Things is about connecting devices to each other’s and to the Internet. you could think of it as building a relationship between people-people, people-things, and things-things.
IOT technology has proved that we will live in a smart world --smart homes (Home Automation), smart cities, smart companies and smart manufacturing and it is designed to make our lives more convenient. We develop in-house applications that cater to the IoT technology and customizable to the various industries including Manufacturing, Hospitality, and Transportation.