IoT is set to evolve the digital landscape and how we interact with each other forever. In fact the estimated amount of IoT connected devices are expected to grow to a $67.7 billion by 2025.
IoT technology empower businesses to achieve their goals by increasing overall productivity, maintenance efficiency and drastically lowering overhead costs. Residential customers also benefit from the convenience of remote monitoring smart home sensors, lowered utility costs and create a safer living environment.
Industrial IoT Uses
Companies in a wide variety of industries benefit from the data they gather from IoT sensors. Actionable IoT sensor data can be used to develop better products and services, preventative maintenance, foster operational improvements and lowering overall cost savings.
Below are a few examples:
1. Increase efficiency
Restaurants use IoT temperature sensors to monitor food supplies and medications in cold storage. temperature thresholds can be set to alert of critical levels in order to prevent spoilage and profit loss. Reports can also be easily produced for compliance and maintenance purposes.
2. Improve the customer experience
Food stores can use interactive buttons at key locations to easily take customers surveys about their shopping experience and product preferences. This data can then be used to improve store layouts, product placement, brand offerings and overall customer experience.
3. Increase safety and security
Secure and track rooms and entries, equipment, currency, livestock and people with the wide array of available IoT sensors. As an example, employee locations can be monitored for both indoor and outdoor movements. This data can quickly be used to identify internal security breaches, track costly inventory and specialty equipment.
4. Decrease consumption and save money
Water and electricity sensors can alert businesses of dangerous water leaks and costly electricity over usage. They can also be used to accurately monitor consumption history, which can be used to save in utility costs. In another example, liquid level sensors detect fuel levels in generator holding tanks and send instant alerts once critical levels has been reached. This can protect against catastrophic equipment damage and even help to prolong equipment lifespan.
5. Pest control
Smart muse traps can be helpful to property owners by sending alerts only when a mouse is captured. This means traps can be placed in harder to reach areas and the captured rodent can be discretely collected and disposed of before it starts to decay. Additionally, minimal effort and time is spent remembering and managing mouse locations which allows propery owners to focus on more important tasks.
Residential IoT Uses
With its extended battery life and long range wireless signals, IoT technology is giving homeowners the power to create a more comfortable, secure and energy efficient living environment globally.
Below are a few examples