Undoubtedly, IoT is all the rage in the technology industry. If you’re thinking about jumping on the technology bandwagon, here are the three industries in which IoT can deliver the most value.
Undoubtedly, the Internet of Things is making major progress in the industrial sectors, particularly those related to connected cars, energy, supply chain analytics, and manufacturing. Many companies are gaining a competitive edge when it comes to the intersection of intelligent machines, people, and data thanks to connected technology. If you’re interested in jumping on the IoT bandwagon, here is some information about the industries in which IoT can deliver the most value.
If you take a look at the market for wearables, you will notice that there are many innovative products. While fitness trackers make a huge proportion of these products, many unique products are being introduced to the market. For example, clothing that is able to monitor one’s respiration rate is being put on the market. There are also football helmets that have the ability to detect impact and smart glasses that allow the user to participate in an augmented reality.
Many of these devices produce environmental and biometric data for either feedback. Some of these devices have processors that use this data to make smart decisions. The applications for IoT are numerous for the wearables industry. For example, firefighters may be able to wear smart glasses to gain a better idea of the layout of the building when their sight would otherwise be obstructed by smoke. This would allow the firefighters to do their job in even the most difficult of environments. Wearable technology that tracks vital signs can also transform the medical industry.
2. Smart Buildings
Both commercial and residential buildings stand to benefit significantly from the use of IoT devices. These devices are able to promote the optimization of resources like energy. Some examples of such devices include smart heating systems, lighting, connected security cameras, and refrigerators.
Connected vehicles are able to analyze, sense, and make decisions. Connected vehicles use the information that they capture from the environment in order to make decisions. IoT can enable vehicles to avoid safety hazards and accidents and choose the best traffic routes. Also, it enables the infotainment capability of vehicles for navigation and streaming music.
The motor industry is likely the industry where Internet of Things can deliver the most value. Data communication systems that are enabled by IoT permit motor companies to update their software remotely and respond to mechanical issues in real time. This improves the ability of motor companies to perform preventative maintenance and in turn boosts the performance of vehicles. The interconnectivity between IoT devices is another way in which IoT can deliver a lot of value to the motor industry. This may make the roads safer thanks to connected vehicles being aware of each other and the flow of traffic.
As you can see, IoT has the potential to deliver value to many different industries. For more information about the industries IoT can deliver the most value, and IoT devices in general, don’t hesitate to contact us