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IoT



The Internet of Things (IoT) is a network of physical terminals that use sensors, software, and other technologies to connect to and exchange data with other terminals and systems on the Internet. Simple domestic devices to highly complicated industrial machines can all be found on these terminals.



The Internet of Things has emerged as one of the most important technologies of the twenty-first century in recent years. We may now connect everyday objects (appliances, vehicles, thermostats, and baby monitors) to the Internet via embedded terminals, allowing for seamless communication between people, processes, and objects. 

Physical things can communicate and collect data with minimal human intervention thanks to low-cost computing, cloud, Big Data, analytics, and mobile technologies. Digital systems can record, monitor, and alter every interaction between connected things in today's hyper-connected environment. The physical and digital worlds collide and work together.

While the concept of the Internet of Things is not new, it has become a reality because of recent breakthroughs in numerous technologies.

Low-cost, low-power sensor technology is available: More manufacturers are able to use IoT technology because of reliable and affordable sensors.

Connectivity: As network protocols for the Internet have proliferated, it has become easier to connect sensors to the cloud and other "things" for faster data transfers.

Cloud platforms: As cloud platforms become more widely available, organizations and individuals can gain access to the infrastructure they need to scale without having to worry about managing it.

Machine learning and analytics: Advances in machine learning and analytics, as well as access to enormous volumes of heterogeneous data stored in the cloud, are allowing businesses to acquire insights faster and more easily. The IoT's boundaries are being pushed further by the emergence of various related technologies, and the data created by the IoT is empowering these technologies.

Conversational Artificial Intelligence (AI) IoT devices (including personal digital assistants like Alexa, Cortana, and Siri) can now handle natural language processing thanks to advances in neural networks, making them more appealing, inexpensive, and feasible for home use.

The benefits of IoT

Companies are capitalizing on the huge business value that IoT may bring as technology becomes more popular in the marketplace. Advantages include:

- Using IoT data to extract insights to improve business management

- Improve corporate operations productivity and efficiency.

- Develop new revenue streams and business strategies.

- Connect the real and digital worlds easily and seamlessly to accelerate time to profitability.

Deployment of IoT applications

The IoT's capacity to provide data from sensors as well as enable devices to connect with one another allows for a wide range of applications.

1- Machine monitoring and product quality control can be used to improve production. Machines can be continuously monitored and examined to ensure that they are working within acceptable tolerances. In addition, products can be monitored in real-time to detect and correct quality issues.

2- Improve asset tracking and delineation: Asset tracking allows businesses to rapidly locate assets. They can use delineation to ensure that their valuable things are safe from theft and removal.

3- Monitor human health scans and environmental conditions with wearable devices: Wearable IoT devices enable people to have a better understanding of their own health while also allowing clinicians to remotely monitor patients. The technology also allows organizations to track their employees' health and safety, which is particularly useful for employment in dangerous environments.

4-Improving efficiency and opening up new possibilities in existing processes: One example is the application of IoT in connected logistics for fleet management to improve efficiency and safety. Companies can enhance efficiency by using IoT fleet monitoring to guide their trucks in real-time.

5- Using IoT terminals for linked assets to monitor the status of remote machines and initiate service calls for preventive maintenance is one example of enabling business process transformation. The capacity to remotely monitor machinery also enables product-as-a-service business models, in which clients pay only for the use of a product rather than purchasing it.

SaaS applications for IoT

Intelligent IoT apps are pre-built software-as-a-service (SaaS) applications that analyze and show data gathered by IoT sensors via dashboards to enterprise users. We offer a wide range of clever IoT applications.

Machine learning techniques are used in IoT applications to analyze the huge amounts of data generated by linked sensors in the cloud. You may see key performance indicators (KPIs), mean time between failure statistics, and more with real-time IoT dashboards and alerts. Machine learning-based algorithms can detect irregularities in devices and notify users, as well as trigger automated fixes or preemptive countermeasures.

Business users may easily improve existing operations in supply chains, customer service, human resources, and financial services with cloud-based IoT apps. There's no need to start from scratch with your business operations.



IoT platform comparison: Saas, Paas, On Premise or open-source


Industries that could profit from IoT

Companies that can benefit from the use of sensors are the greatest candidates for the Internet of Things.




Manufacturing

Manufacturers can obtain a competitive advantage by monitoring production lines and doing preventative maintenance on equipment that is about to fail, as detected by sensors. When manufacturing is threatened, sensors can detect it. Manufacturers can rapidly confirm the accuracy of the equipment or withdraw it from production until it is fixed using the sensor alerts. Companies can lower operating expenses, increase uptime, and better monitor asset performance as a result.

Automobile

Automobile IoT applications will provide considerable benefits to the automotive industry. Sensors can detect approaching faults on vehicles currently on the road and provide the driver with details and advice, in addition to the benefits achieved by implementing IoT on production lines. Car makers and OEMs can be notified about the appropriate operation of cars and alert owners using aggregated data acquired by IoT-based applications.

Logistics and transportation

A wide range of IoT applications benefits transportation and logistics operations. Using data from IoT sensors, fleets of automobiles, trucks, ships, and trains transporting inventory can be rerouted based on weather conditions or vehicle or driver availability. Sensors for tracking or temperature control can also be installed on the stock itself. Temperature-sensitive inventory is common in the food, flower, and pharmaceutical industries. Monitoring IoT applications that send alarms when temperatures increase or decrease to harmful levels for the product would be quite beneficial.

Retail

Retail IoT apps help retailers manage inventory, improve customer experience, improve supply chain efficiency, and save operational costs. Smart shelves with weight sensors, for example, can collect data via radio frequency identification (RFID) and transfer it to an IoT platform to automatically check inventory and provide warnings if the quantity of items drops. Customers can receive targeted offers and promotions using beacons, resulting in a better experience.

Sector Public

IoT has numerous advantages in the public sector and other service areas. Some utilities, for example, can employ IoT applications to alert their customers about large-scale or even shorter water, electricity, or sanitation disruptions. IoT apps can collect data on the scope of an outage and dispatch services to assist utilities in recovering from outages faster.

Health

The healthcare business benefits greatly from IoT asset monitoring. Doctors, nurses, and caregivers frequently need to know where patient support assets, such as wheelchairs, are located. When a hospital wheelchair is fitted with IoT sensors, it can be followed using the monitoring app, allowing a caregiver in need to locate the next accessible wheelchair promptly. Many hospital assets can be tracked in this manner to ensure the correct use and financial consideration of physical assets in each department.



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