The Internet of Things is a form of technology that permits one to add a device to inert things like vehicles, roofs, lighting, etc. that helps measure environmental parameters, produce related data and convey them through a communications network.
It uses various sensors, software, actuators, etc. to give us information about the status of everyday things. The everyday things range from household items to industrial tools. There are more than 10 billion devices connected via IoT today, experts are expecting this number to grow to 22 billion by 2025.
IoT – Internet of Things is one of the most important technologies of the 21st century. Its has helped make communication seamless between, things, people and different processes.
Industries can surely benefit from Internet of Things, especially the ones using sensor devices for their business.
Manufacturing industry holds to gain a competitive plus by using production-line monitoring to allow practical maintenance on equipment when sensors detect an imminent failure. This allows them to cut working costs and improve asset performance management.
Automotive industry stands to understand the important advantages of using IoT applications. In addition to the benefits of applying IoT to production lines, sensors can detect impending equipment failure in vehicles already on the road and can alert the driver with details and recommendations. With the help of information gathered by IoT-based software/sensors, automotive manufacturers and suppliers can learn better ways to keep cars running and car owners up-to-date.
Retail companies use IoT driven applications to manage their inventory, give customers a better shopping experience and cut down the cost of operations.
Public Sector, can use the Internet of Things application to inform users of mass outages, or about the tiniest interruptions of power or water services.
IoT asset monitoring gives tremendous benefits to the healthcare industry. Doctors, nurses, and staff can know about the exact location of various assets like wheelchair, gurney, etc. with IoT sensors. This way hospitals can ensure right use as well as keep account of the physical assets in each department.
The above mentioned are only a few industries, there are many ways through which IoT applications can help various industries and companies.