Internet of Things (IoT) is here to change the world! Smart cars, smart homes, smart cities, everything around us can be turned into a smart device with the help of Internet of Things. Remote monitoring of millions of assets at different physical locations, monitoring your home or office, controlling your entire manufacturing/production setup, tracking your asset shipment, these are just few examples that can be achieved using Internet of Things.
Internet of Things (IoT) is referred to an interconnected network of devices and sensors with the ability to easily communicate with each other to build a complete ecosystem.
An IoT Ecosystem consists of web-enabled smart devices that use embedded processors, sensors and communication hardware to collect, send and act on data they gather from various assets or devices. IoT devices can transfer the collected data to cloud through a gateway for analysis or send to an edge device where data is analysed locally. The entire IoT Ecosystem works without any human intervention, although humans can interact with the devices when needed. The connectivity, networking and communication protocols used with these web-enabled devices largely depend on the specific IoT applications deployed.
Note: More than 50 billion internet-connected devices will be installed around the world by 2020 – according to research from Business Insider.
IoT has an incredible potential to transform many industries. Enterprises that start using these technologies regularly will be able to significantly improve the efficiency of their workflow, maintain high quality and increase productivity. Many companies are beginning to use Internet of Things and related technologies as they start to realize its importance for future business success.
Efficiency and productivity
With the use of IoT sensors, we can achieve the minimal amount of human interaction in various routine operations, which allows us to automate and optimize many different processes. The possibility of analytical monitoring in real time is also a great benefit. One can learn how to reduce unnecessary costs and how to redistribute available resources to increase the return on their use.
Advantages for Industry workers
IoT applications simplify life for workers as well as providing advantages such as:
- The ability to obtain the necessary information in real time;
- The possibility to respond as quickly as possible;
- An increase in personal effectiveness;
- The ability to manage the work processes remotely.
Remote monitoring in real time
You don’t need to be in the workplace to be aware of what is happening. With the use of IoT it is possible to monitor workers, their location, and equipment real-time from anywhere. IoT can be used to constantly monitor the condition of your equipment/asset, generate alerts and take immediate action
Whenever a physical machine or device needs maintenance, or any spare parts replaced, IoT can be used to automatically alert the concerned personnel about the issue. This will prevent the loss caused by a complete breakdown of the operating machine. This data collected over time can be analyzed and used for product improvement.