Reasons Why IoT is Gaining Popularity With Each Passing Day

The Internet of Things (IoT) is growing at a meteoric rate. Some experts believe that advancement is taking place so fast that the potential uses of this revolutionary technology are beyond the reach of theory. But, what exactly is the reason behind this unprecedented growth and popularity?

Well, IoT comes with a myriad of possibilities to disrupt almost every industry today. Some of the industries have already embraced this technology with the help of IoT app developers, while others are devising to adopt it and explore tremendous business opportunities.

With IoT innovation, businesses stand a chance to procure hefty growth prospects. Besides, they can also unleash additional revenue sources by significantly reducing the time-to-market. Key benefits that businesses can yield with IoT implementation are:

Enhanced Business Opportunities

IoT has the power to turn any business into a fast-growing, powerful organization. Tremendously transforming how a company approaches the global market, it can help to create new growth avenues. IoT can also assist them in building advanced and robust models and generating new revenue streams by increasing return on investment (ROI).

Efficient Business Processes

Businesses can harness IoT to keep a real-time track of their equipment and garner profound operational insights with the help of sensors. This data helps them to identify issues in their assets and improve their efficiency by minimizing energy costs as well as lost time due to maintenance.

Better Safety & Security

With the help of IoT app developers and deployers, monitoring workplaces in real-time becomes easier than ever. This helps in ensuring asset safety and provides complete protection from physical threats.

Increase Productivity

The productivity of a business is directly proportional to its profitability. Internet of Things trains employees in real-time by augmenting their efficiency and reducing discrepancies in operations, which boost organizational productivity to a large extent.

Cost-Cutting

Improved asset utilization, business processes, and productivity can considerably reduce operational costs. Predictive analysis, along with concurrent operational insights, can help in decreasing the maintenance overheads.

Inventory Tracking and Management

IoT can reshape the way businesses track and manage their inventories. Instead of providing remote scanners and other devices to your employees to keep an eye on your inventory, you can exploit smart IoT systems to record all inventory changes automatically, thus minimizing the workers’ load and allowing them to focus more on other essential and arduous tasks.

Know Customer’s Needs & Preferences

IoT-enabled devices facilitate tracking and recoding of customers’ behavior and preferences and, thus, provide recommendations accordingly. Businesses can use this data to come up with improved products that align with the customer’s needs. These significant insights about every stage of the buying cycle help them to comprehend their target demographic on a more qualitative level.

In Conclusion

The unparalleled popularity of IoT is credited to a host of driving forces, including ubiquitous internet connectivity, the exponential growth of smart devices, easy availability of low-cost technologies along with a massive amount of data. However, to leverage the potential of the Internet of Things, businesses must strive to overcome the challenges of IoT implementation by following a holistic and forward-thinking approach.

6 Critical Challenges of IoT Implementation in Enterprises

Internet of Things (IoT) is relatively a new concept for businesses, which is unearthing massive opportunities for them to thrive in today’s era. Various experts have various takes on what IoT stands for enterprises. However, the underlying notion behind IoT always remains the same – collect data, analyze it, and generate profound insights to expedite operations and yield benefits. It seems easy in theory, but IoT deployment is way challenging than said. We had to pour our blood, sweat, and tears to successfully deliver our first IoT project as an effective IoT implementation needs a lot of brainstorming, diligence, intelligence, and determination.

The following are a few challenges that we encountered during our IoT development and deployment journey.

Delivering Value to the Clients/Customers

The success of an IoT implementation is directly proportional to defining the problem statement clearly, and this is what most IoT development services providers miss out. The IoT development cycle requires a great deal of retrospection, but this gap of understanding the client’s problem statement is the biggest obstacle. Thus, IoT developers and consultants need to know what IoT can really bring to the table and figure out the KPIs to monitor and improve through an IoT solution.

Hardware Compatibility Issues                          

Data gathering majorly takes place through various sensors, PLCs, etc. which are further connected to IoT gateways to store and transfer data to the cloud. Enterprises must meticulously identify their machines, hardware, and legacy systems based on their business objectives. When there are legacy systems that don’t have integrated sensors and PLCs, the IoT implementation becomes a bit challenging. Incorporating external sensors is one quick workaround, but it won’t be foolproof, making this challenge more critical. Thus, understanding the machines and their compatibility issues before IoT implementation is highly recommended.

Data Connectivity Issues

This is probably the most overlooked issue since data connectivity has improved a lot. But still, there are some areas where data connectivity is a huge challenge in an IoT implementation. It involves how IoT devices work with the gateway and the cloud and what data format do they create. Most IoT gateways are compatible with Wi-Fi/LAN and GPRS, but legacy systems depend on RTUs, PLCs, and telemetry systems to generate data. So, a suitable edge layer is needed to translate transport and data format protocols and send data to the IoT-integrated platform. Defining and understanding the perfect combination of these protocols before IoT implementation will be beneficial in the long run.

Inaccurate Data Collection

Suppose the entire IoT implementation did not encounter any hurdles, and the system is running seamlessly. But due to an unexpected incident or the software inability to handle certain anomalies in run time, inaccurate data gets collected. This further results in inaccurate analytics that may not help in gauging the operations and making better futuristic decisions. As we said earlier that IoT is all about data collection, the inability to garner accurate data can be a significant challenge for the IoT developers as well as their clients.

Analytics Storage Space

The real potential of an IoT system is realized through profound, actionable insights obtained from the garnered data. This demands a high-performance analytics platform that can handle an enormous amount of data to be stored in the solution at a later point. Experts must take this aspect into account while devising the architecture of IoT implementation to engage data processing, cleansing, and representation. Hence, the system should be extensible enough to store real-time or predictive analytics so that the system never go out of space.

Data Security Issues

Due to ransomware attacks, businesses are concerned about data security. There are also possibilities of corporate espionage to gain intellectual property. Thus, IoT development services providers must ensure data protection by using a comprehensive governance model, which renders secure access to sensitive data and reports. This planning phase, which defines various data-related security policies, is essential for successful IoT implementation.

Conclusion

The abovementioned challenges are the key factors that influence the decision-making process of enterprises and potential clients for IoT implementation. A smart grid solutions provider successfully implemented an IoT solution by overcoming these challenges. The experts of our IoT development company helped them to devise and build a system that connects plenty of electric meters, handles and analyzes massive data and provides intelligent reports for making the best decisions.

Unlock The Potential Of Healthcare Industry With Technology

In the past few decades, technology has contributed significantly to saving countless lives and also enhanced the overall quality of human life. Along with the improvement of the experience of the patients, the IoT mobile application development in the healthcare industry has had a great impact on medical institutes including healthcare professionals. It has rather become more powerful with the implementation of advanced technologies such as Artificial Intelligence, Internet of Things, Augmented Reality, and Virtual Reality. 

The constant evolution of the IoT mobile app technology landscape has opened new and innovative healthcare opportunities. While healthcare takes full control of its technology-enabled wings, let us explore how technology implementation has helped in creating intelligent and efficient healthcare solutions. 

Virtual Healthcare

The virtual world has taken over the real world and it is the same in the case of healthcare. When common people started socializing in the virtual space over social platforms, healthcare and technology experts developed a virtual healthcare space where patients and doctors could connect with each other. Healthcare mobile applications served as a common interface where patients could book medical appointments and connect with doctors through video conferencing. With the use of wearable technology, patients are able to monitor their health attributes efficiently which they can later share with their physicians for diagnosis and treatment. 

Virtual healthcare has also implemented geofencing that helps patients look for nearby hospitals, clinics, and doctors for emergency health situations. Technology-driven healthcare has proven to increase patient satisfaction by 70% as they believe they were able to build a better and trustworthy relationship with their healthcare service provider. 

Electronic Health Records

Anybody who relies on paper records is either tech-handicapped or is old school to cling to the traditional and tedious methods of maintaining paper records. When the healthcare industry was introduced to Electronic Health Records (EHRs), there was a complete transformation of health record management methods and operations. 

Healthcare professionals including nurses, technicians, medical assistants, etc. can easily input patient details like important symptoms, weight, height, test results, medical history, etc. The centralized and digitized system can be accessed by other healthcare professionals for references. These systems further streamline administrative operations such as appointment scheduling, patient record modification with diagnostic codes, and eventually submission of medical claims. 

Nanomedicine 

The market for worldwide nanomedicine is projected to reach $350 billion by 2050. Aimed at the prevention and treatment of several diseases, nanomedicine utilizes nanotechnology that is comparatively precise in targeting and delivery systems which enables healthcare professionals to find out a treatment for life-threatening diseases like Cancer. 

3D Printing

3D Printing is not an alien term anymore as it has been extensively adopted by the healthcare service providers on a large scale. With the use of this advanced technology, we can create faster prototypes that are personalized at a minimal cost. 

This section of technology has revolutionized organ transplant surgeries as well as tissue repairs along with its amazing real skin production for burn victims. 

Big Data and Cloud Healthcare 

The Healthcare sector generates infinite information with every passing moment. This data, when collected, helps healthcare providers analyze significant factors and patterns which further help in the improvement of services and optimizing the costs. Further analysis of healthcare information can also help reduce healthcare wastage and improve efficiency as well as the quality of medical care. Analytics can also help in epidemics prediction which can be utilized further in the development of new medicinal drugs.  

The digitalization of health records generated a huge amount of data that required scalable, secure, and cost-effective storage solutions. Thus, cloud storage solutions were integrated into the healthcare landscape. With cloud being implemented in healthcare, data management became utterly simple and easy. Health organizations could maintain health records within their own organization as well as to collaborate with other teams working with distinct health organizations. 

VR Healthcare Services 

Virtual Reality has been popularly known for its implementation in the entertainment and tourism industry. However, this technology has started making waves in the healthcare industry too. VR healthcare can prove to be beneficial for both healthcare professionals as well as patients. 

1.)TRAINING

   Using simulators surgeons can get trained in a more realistic and low-risk environment. 


2.) PHYSICAL AND MENTAL HEALTH

Anxiety disorders can be treated with Virtual Reality’s therapeutic potential that is also helpful in curing acute pain. 

Virtual Reality has thus become one of the most cost-effective yet efficient tools for both teaching as well as medical treatment. 

Robot-Assisted Surgeries

You might have heard about robotic surgeries already which may sound a little intimidating, considering your life is dependent on a robot, but it does not happen without the human doctors. Earlier doctors and healthcare professionals could not perform complex procedures but with advanced robotics implementation in healthcare, there have been astonishing improvements, which would be otherwise referred to as magic by our technically impaired ancestors. 

So, what really happens in robotic surgery is, a surgeon controls a device that has mechanical arms with a camera installed in it to provide a high definition site of the surgical area. This tech-solution not only provides flexibility but also enhances precision that results in lesser obvious scars. Moreover, you do not need to fear any infections as it has negligible as compared to manual surgeries. 

Well, maybe in the coming years, a robot might start performing advanced surgeries on humans but right now, we can all just feel safe with the fact that technology has improved our healthcare industry by manifolds. 

Final Words

Technology is still taking its time in the healthcare industry and with time we will come across platforms and solutions that we earlier saw or read in sci-fi movies and novels. Fortunately, you do not have to wait until then. You can transform your healthcare business model with a simple IoT mobile application development company, web portal, or even with wearable technology. Gradually, you can keep upgrading with advanced and complex features but to begin with, you can always enable your patients to connect with you through their mobile phones.

Beyond Root has an expert healthcare team that focuses on creating secure, flexible, scalable, and cost-effective healthcare solutions that comply with all valid healthcare policies. Connect with our expert tech-consultants to get your healthcare solution. 

How IoT is Transforming the Agriculture Market

Due to the mainstream adoption of the Internet of Things (IoT), connected devices have penetrated almost everywhere, right from energy, healthcare, home automation to retail, and the oil and gas industry. The impact of IoT has been observed in most sectors, and the sphere of agriculture is no different. It has brought forth a plethora of technological transformations in farming practices and tremendously improved every facet of agriculture. Now, farmers are less likely to rely on age-old techniques and use horses and plows for farming. By leveraging smart gadgets, they have gained more control over the process of growing crops and raising livestock, thus making their farming practices more predictable as well as efficient.

In this article, we will shed light on the benefits of IoT in the agriculture industry and explore its use cases to have an idea of how it is revolutionizing this industry. So, if you are planning for IoT mobile app development and embracing smart farming, dive right in.

How smart farming is levelling up the agriculture market

According to Business Insider, the IoT-enabled agriculture solutions will hit a milestone of 75M by 2020. Meanwhile, another report says that the global smart agriculture market will reach a massive amount of $15.3M by 2025. So, we can say that with the continuous evolvement of this market, the IoT mobile app development can help you to stand out as an early adopter and climb the ladder of success within the coming years.

Let’s have a look at the benefits of smart farming.

Deeper insights into internal operations

Smart agriculture sensors have the potential to gather tons of data about soil quality, weather conditions, cattle’s health, and crop growth progress. This data can give you deep insights into your staff performance, equipment efficiency, and thus, track the state of your business.

Better control over the internal processes

More control over the internal operations, lower will be the production risks. IoT products enable you to predict the outcome of your crops and plan for better distribution. If you know the volume of crops you are going to harvest, you can make sure that your product won’t lag behind and lie around unsold.

Cost management and waste reduction

The increased control over the production using the IoT solutions can help you to detect the anomalies in livestock health and crop growth. Hence, you can mitigate the risks of losing your yield.

Improve business efficiency

Smart farming solutions can allow you to automate multiple processes like irrigation, fertilizing, pest control, etc. across your crop production cycle and increase your productivity considerably. Automation can also help you to maintain high standards of your crop quality as well as growth capacity.

All these benefits can eventually improve your bottom line.

Now that you are aware of how IoT can benefit your farming, let’s have a look at the real-life implementation of IoT in the sphere of agriculture.

IoT use cases in agriculture

Climate monitoring

Weather stations combined with various sensors are probably one of the sought-after smart agriculture gadgets. They are generally placed across the field to garner a variety of data from the environment and send it to a cloud. The gathered data can be used to map the weather conditions, select appropriate crops and take necessary measures to enhance their capacity.

Greenhouse automation

Apart from collecting environmental data, weather stations have the potential to adjust the conditions according to the given parameters. Specifically, smart greenhouse automation systems work on a similar principle. Incorporating a smart sprinkler controller into your greenhouse system can allow you to manage your lighting and irrigation systems remotely.

Crop management

One more type of IoT-enabled product in agriculture and another element of smart farming is crop management devices. They should also be located in the field to gather data specific to crop farming. This data can range from precipitation and temperature to leaf water potential and crop health and help you to keep an eye on the growth of your crop and any anomalies to immediately prevent any infestations or diseases that can harm your product.

Cattle monitoring and management

Similar to crop monitoring, some sensors can be attached to the animals to examine their health and performance. Companies also use smart agriculture sensors to get an abundance of insightful data about the health, activities, and nutrition of each cattle as well as collect information about the herd.

Comprehensive farm management systems

Adopting farm productivity management solutions is the best approach to streamlining agricultural operations. These systems generally possess a number of IoT devices and sensors, installed on the field, as well as a robust dashboard having in-built analytical capabilities and reporting/accounting features. Such an end-to-end solution allows you to monitor and streamline most of your business operations remotely.

Final Words

Smart farming has become a necessity for agriculture businesses to thrive in this competitive world. With the high-quality IoT mobile app development, farmers can effectively cope up with all the challenges they encounter in their conventional farming practice. Additionally, the profound insights derived from sensors can help them to be more careful in their use of fertilizers and pesticides, thus mitigating hazardous environmental impacts.

In brief, correct IoT implementation in agriculture can address and overcome many challenges along with increasing the quality, quantity, and cost-effectiveness of agricultural production.

How IoT is Empowering the Oil & Gas Industry

The Internet of Things (IoT) has been fostering digital transformations for almost every industry across the globe. Like other industries, oil and gas (O&G) industry is also riding high on IoT wave.

Companies, which gave off the conventional old-decade vibe, are gradually identifying IoT connectivity as a significant growth driver and gradually embracing IoT development services and solutions to reshape their business smartly.

However, saying that the O&G sphere has started to adopt digitization due to the IoT emergence would be wrong. Honestly, digital transformation headwind elevated throughout this industry in the 1990s, but unluckily, failed to bring a revolution.

Coming to the present, the oil and gas sector has almost reached the pinnacle of digitization. The way it is leveraging the growth of IoT might outplay other capital-intensive industries in the process.

Below, we will discover how IoT is benefiting the oil and gas industry, study its use cases to have an idea of how it can transform the O&G sector.

Benefits of Internet of Things on O&G:

Taking today’s global warming issues, volatile prices, the activity of environmental activist groups, and the difficulty in creating new energy sources into account, we can say that IoT mobile app development could be a boon for many organizations. The use of IoT to its full extent can yield below-written benefits to the oil and gas industry.

Enhance productivity

The implementation of IoT in the O&G sector can facilitate the whole process of oil and gas extraction and optimize the expenses.

Increase safety

Internet of Things alleviates a plethora of risks and errors that are often caused manually.

Facilitate futuristic decision making

IoT provides real-time data analytics for making data-driven decisions about the next steps in research, extraction, refinement, and logistics of the oil and gas sector.

Reduce waste

IoT-driven O&G industry is also focused on eradicating the risks of leakage or asset damage and making the environment more friendly.

Automation

IoT automation reduces machinery downtime in case of breakdowns and crashes. With fewer human factors, the Internet of Things also decreases the chances of accidents and accounts for increased employee security.

At one fell swoop, IoT adoption helps organizations to avert accidents and disruptions, make the whole development process more predictable, increase revenue, outstand competitors, and expand market share.

IoT use cases in the O&G sector

Each oil and gas company adopts IoT differently, based on their business needs, perspectives, and objectives. In the case of O&G, the market segment is considered to be a decisive factor. Now, let’s explore top use cases of the Internet of Things in the oil and gas industry.

Preventive equipment maintenance

Preventive maintenance plays a significant role in O&G. Predictive analysis the most common cause of revenue loss in oil and gas companies i.e. Unproductive time. For the upstream segment, tracking equipment conditions are deemed the most pressing challenge.

Most of the oil and gas mining is done in areas that are difficult to access and usually, an onsite presence is mandatory to discover breakdowns and check if any piece of mining equipment needs repair. The Internet of Things allows companies to track the state of the machinery in real-time and avoid downtime.

Real-time tracking of tanker fleets

IoT sensors for O&G tankers monitor all the parts of the ship that are carrying products remotely and examine transportation facilities that are difficult to reach. These sensors also enable real-time location tracking of any particular tanker and increase the efficiency as well as the safety of transporting O&G products.

By employing GPS, satellites, and mobile data, IoT solutions provide live updates on the state of assets and quickly respond to any changes taking place in equipment operation.

Workers protection

Oil and gas is a hazardous business that is prone to massive onsite accidents. The roughnecks and drillers work in the riskiest conditions and daily subject themselves to risks and injuries. IoT meticulous inspection helps to eliminate the chances of a breakdown in the equipment. In the coming future, smart, automated machinery will carry out most of the potentially risky operations by eliminating human intervention.

Advanced data analytics

Precisely, IoT is all about garnering data and using it to obtain valuable insights. Equipped with sensors, oil and gas production sites like oil fields, pipelines, and refineries have the potential to gather, store, and analyze massive data. Some of this data is time-sensitive. For instance, leakage and equipment breakdown, which need to have a higher priority as compared to all other data types.

Earlier, the satellite was the only medium to transfer the data, which was a time-consuming process. IoT leverages low power wide area networks (LPWAN) for transmitting data and edge computing to process giant data sets. This allows IoT-enabled solution to rapidly provide insightful data to end-users in comprehensive and easy-to-read formats.

Supply chain management

IoT adoption has made the complicated procedure oil and gas extraction easier than ever. It offers unparalleled equipment for managing the supply chain. The IoT sensors collect the data, notifies the refineries about the oil types that have been delivered to enable them to make great inventory, manufacturing, and operational decisions.

In downstream O&G, IoT solutions notify distributors when clients are running out of the stock. In the United States, where many homes use heating oil, companies use IoT solutions, which inform both clients and distributors about the oil levels and refill it time-to-time. These solutions also allow distributors to keep an eye on the consumption and make a consumption plan for months in advance.

Remote inspection of equipment

Remote inspection is critical for preventing accidents. For instance, oil leakages generally result in environmental problems, substantial revenue losses, and acute damage to the company’s reputation. IoT mobile app development solutions not only detect leakages and notify the concerned person about the issue but also inspect all types of O&G machinery automatically and avert emergencies.

Companies use IoT sensors to inspect the condition of the filter, pumps, and other core components. IoT solutions also facilitate real-time inspection of pumpjacks and wellheads, allowing the business to ensure sustainability, prevent accidents, and meet international standards.

Final Words

IoT solutions are helping the O&G sector, right from downhole sensors to surface control valves, to obtain real-time insights in the analytics. Also, the connected devices will touch all the bases of the oil and gas supply chain, which results in accelerating operations and creating a safer work environment for the entire O&G field. In short, IoT is not just technology anymore. It is an excellent opportunity for the legacy oil and gas industry to transform and thrive in a commoditized world rapidly.

How IoT is Revolutionizing the Energy Sector

As energy consumption is anticipated to rise by 40% over the coming 23 years, the demand for smarter energy solutions could touch its pinnacle point at that time.

Fortunately, there have been significant shifts toward energy management that are making this sector more efficient. From smart bulbs to autonomous offshore oil rigs, the current effect of the Internet of Things has brought a revolution in the entire energy industry. So, businesses belonging to this sector are exploring IoT use cases to improve their process automation and operational efficiency.

But what exactly has IoT brought to the table? How has it transformed the energy sector? And why businesses are investing in IoT development services and solutions?

Let’s try to find answers to these questions below.

To begin with, we will shed light on the advantages of the Internet of Things in the energy sector.

The IoT is bringing forth ample potential opportunities in the energy industry. The use of this technology in this sector is majorly driven by the need for more streamlined energy management. Yet, there are many other ways IoT can propel this industry. Some of them lie in the following:

Higher energy efficiency: The increased control over energy consumption results in reduced waste, saved costs and enables the cutting of CO2 emissions, which makes the world a better place to live.

Reduced operational cost: IoT-enabled solution helps companies to eliminate operational and maintenance costs through system modernization and automation.

Increased power supply reliability: The cost of power outages amounts to about $150B each year in the US, and around 25% of all industrial outages and interruptions were caused due to equipment failures. Taking this into account, IoT energy devices are deemed to be the panacea of these issues as they provide a more stable and reliable source of power.

New data sources: In terms of gathering and processing of abundant data, IoT-enabled devices offer real-time insights into the system’s analytics and performance. These insights facilitate the implementation of predictive maintenance models and ensure the protection of the staff.

Top use cases of smart solutions in the energy sector

  1. Industrial IoT use cases in energy production and management

Energy system monitoring and maintenance

IoT can be used to keep track of the number of system metrics, comprising performance, health, efficiency, and thus, facilitate the maintenance of the energy system. Be it a wind turbine or any other equipment, it might be challenging to detect the exact issues before the system crashes. Also, checking the problems manually is a very tedious and time-consuming process.

This is why companies are leveraging IoT sensors to examine the efficiency and outcome of their equipment. By gathering data from the sensors, they are able to implement the predictive maintenance models based on the IIoT platform. Thus, the organization could predict their maintenance needs in a better way, improve their efficiency, and lessen system downtime.

Process automation

IoT facilitated the development of entirely autonomous oil drills or energy plants. As said earlier, IoT sensors enable monitoring the system’s efficiency in real-time, and thus, automatically improve its performance using machine learning and AI.

Simultaneously, smart drilling tools can automatically modify the drill depth as per the external conditions using AI algorithms for the optimum results. It also eliminates the need for manually tampering the equipment.

Increased efficiency

Likewise, smart solutions can make power plants more productive and minimize waste. They also have the potential to increase coal power plant efficiency, while reducing greenhouse gas emissions. This is obtained by leveraging fuel combustion, interpreting data from over 10,000 sensors, and adjusting the whole process to the specifics of burning fuel, i.e., automatically tuning the oxygen flow in the boiler.

Safety and disaster prevention

Smart IoT solutions can be used to prevent production accidents and improve operational safety. Organizations have been exploiting drones to detect methane leaks during the wildfire in Northern California. The drones transferred data to the unified control system, which resulted in automatic isolation of the leaks until the damage was overcome by the crew on-site. Companies have also been analyzing this method to inspect infrastructure daily.

  • Consumer-facing smart energy solutions and use cases

Smart meters

Smart meters directly connect consumers to the power station, thus facilitating two-way communication. It allows consumers to share real-time operation information with utility agencies. This helps the agencies to identify the performance issues and minimize the system downtime immediately.

These IoT energy devices can also detect and automatically separate the damaged part without affecting the performance of the rest of the system. Besides, the consumer can reap the benefits of smart meters in many ways such as:

  • Improved outage management as well as restoration
  • Reduced meter reading costs
  • Improved grid reliability
  • Meet regulatory mandate
  • Enable beyond-the-meter load applications
  • Decreased energy theft
  • Ameliorated retail operations efficiency
  • Enhanced network planning and asset management
  • Enable the integration of electric vehicles and distributed generation

Smart grids

Smart energy grids are the outcome of smart meters connected in a single network. This represents how IoT-enabled devices help in energy management in other ways.

For example, a company in North California launched a “self-healing grid system”, which is designed to automatically readjust itself in case of a power outage and, thus minimizing downtime.

Another example: Chattanooga, Tennessee, was one of the pioneers to implement and leverage smart grid solutions. This helped the community to save over 1.4M dollars in operational expenses during a single storm.

Furthermore, due to the positive impact of smart grids on the environment, it has been prognosticated that they will dwindle the air pollution by 30% over the coming 10 years.

Smart buildings

Smart IoT solutions can automatically detect and manage the humidity, heating, and lighting in a building, thus reducing energy consumption. These systems also make possible the zero-energy building concept, which says that the total amount of energy annually consumed by the building is equal to the amount of on-site created renewable energy. 

Sustainable cities

Akin to buildings, the infrastructure of an entire town can also be managed with IoT energy solutions.

From street lights to electrified public transport, the Internet of Things offers a plethora of ways to manage energy consumption and make urban cities more sustainable.

Vancouver, San Francisco, and Copenhagen are a few cities that have put considerable effort to reduce energy consumption, improve efficiency, and become sustainable.

Final Words

The Internet of Things has started ruling the energy sector by improving efficiencies. Considering the growth potential IoT has shown, it will soon be recognized as a boon for various energy organizations that ensure more resilience, care, and prudence than ever before.

If you also are also endeavoring to take your business to a next level, capitalizing on smart energy solutions would be a great idea, especially in an era where the global community strives to spend a more sustainable, waste-free life. To explore the opportunities hidden within the IoT landscape, you can tap into a reliable and experienced IoT development company.

4 IoT Trends All Set to Drive Innovation in the Future

Internet of Things (IoT) has been gaining high momentum lately. The persistent implementation of IoT in the last 4-5 years has now turned into a sought-after trend. This technology has radically changed the way we communicate and look at the world. Connecting things like TV, AC, electrical meter, etc. to your mobile or any other smart device and operating it with the help of cloud support is something beyond our imagination. However, IoT has made it possible by disrupting almost every industry.

According to Gartner Research project, there are approx. 27B IoT devices in the global market in 2019, which is anticipated to elevate to 75B by 2025. Besides, IoT global market will rise to 457B by 2020, which ensures that IoT is going to be a boon for the world. The continuous evolvement in technology is facilitating so many things in diverse marketplaces.

Below, we have shed light on a few IoT trends that are going to play a significant role in the coming years.

5G Networks

5G networks will have a considerable impact on the Internet of Things due to their increasing consumer readiness. Once they become mainstream, they will operate at a way faster speed than we are accustomed to and thus, enable IoT to access the locations that are believed to be inaccessible.

Also, the cable networks may work well with IoT devices in some instances, but these networks can’t match the speed of 5G networks. 5G networks are probably going to make smart cities more viable than ever before.

Artificial Intelligence (AI)

The IoT and AI are closely linked to each other. Let’s understand this concept with an example.

Suppose a business is planning to run an industrial network that is responsible for the processing of large volumes of data each week. Handling this task manually is nearly impossible for the businesses that want to streamline their processes.

So, machine learning algorithms will need to be implemented to record the data and recognize the outliers. The fusion of IoT and AI makes this possible, allowing businesses to learn more about the early warning signs of upcoming issues, run smoothly,  and foster their growth.

 Voice-Enabled Devices

The internet has already given voice to a plethora of devices. Now, the Internet of Things is going to voice almost everything that we possess. We all are well-accustomed to voice assistants like Siri and Alexa introduced by Apple and Amazon respectively. The voice-enabled systems allow us to perform all sorts of simple tasks like setting the alarm, ordering a meal, booking a cab, etc. with just a voice command. Car companies are also working on more vocal automobiles to add value to people’s lives.

Voice control options are going to become more sought-after over the coming years. The IoT will make life easier by voicing up almost every task and allowing people to become more productive. Enterprise technology and industrial technology will also get the opportunity to leverage these technological advancements.

Cloud Computing

IoT stimulates communication between devices by connecting them with the internet. For the successful execution of this communication process, there is a need for storing massive data, and IoT exploits Big Data and Cloud Computing for this purpose. While the Big Data saves large chunks of data, Cloud Computing ensures the security and timely transfer of the data. In brief, we can say that cloud computing will be one of the best trends in the foreseeable future.

Final Verdict

There is a lot more to the trends of the Internet of Things. The trends explained above are just the beginning of what is possible with an interconnected world in the future when the IoT devices will be widely adopted. The use cases for IoT-enabled devices will continue to grow and expand in the connected future. Since IoT devices will certainly offer more features, functionalities, and productivity from their IoT-connected devices, organizations should partner with an IoT development company to take full advantage of these unique capabilities of IoT.

4 Industries Experiencing Disruptive Innovation With IoT Adoption

The Internet of Things (IoT) is an innovative technology that has touched human existence in every possible manner. It fuses sensors and devices to facilitate and accelerate the data exchange between them. With such frictionless connectivity, these “things” creates a network that is capable of smart and intelligent interaction.

The most significant impact of this innovation has been seen in the form of home automation. Besides bettering the way we live, it has also penetrated and disrupted the diverse industry verticals in a way people have barely thought of, thus offering abundant opportunities to businesses to make headway.

Let’s have a look at major industries that have experienced the IoT revolution.

Healthcare

Healthcare is a sector that has already realized and exploited the potential of IoT. Earlier, physicians used to spend much time to access and input patient data into the computer systems. However, cloud-based IoT solutions have streamlined this process radically and ensure that patient data is easily accessible across the platform and physical barriers. This convenience has lowered the chances of giving subpar treatments because of a lack of patient history.

Moreover, the IoT not only provides cloud-based solutions to the healthcare industry but also notifies the emergency unit in case of unusual occurrences. For instance, if the BP of a patient falls abruptly, a medic will be instantly reported, and swift action can be taken to overcome the situation. Most healthcare centers are already following this approach, while others are on the verge of adopting this “smart” technology.

Retail

Retail is a sector that has been impacted impeccably by the Internet of Things. There was a time when brick-and-mortar stores were reluctant to adopt technological advancements, and customers had no other way to access the products than visiting stores. Also, garnering information about customer behavior and preferences, and managing inventory were long and complicated procedures.

However, the continued upward momentum of e-commerce changed this scenario. Online stores are springing up and ruling the market now. Since most people are time-constrained, they prefer to shop for products online, and IoT is making it more streamlined.

With IoT-integrated platform, it is way too easy to send push notifications to customers, thus ensuring that you get into their mind regardless of where they are. Likewise, the cloud-based solutions, including inventory management software, retail POS software, and automated checkouts, have digitized and facilitated the management of retail businesses.

Transportation

Transport companies use sensors in their shipping vehicles to monitor their temperature. It ensures that the products get delivered at the destination in perfect condition.

IoT has partially disrupted the transport industry. The integration of real-time traffic data with inbuilt GPS in automobiles showcases the potential of IoT in this sector. This functionality notifies people about the right and less congested routes based on real-time traffic updates and thus, ensures public safety.

IoT solutions also allow people to assess their driving skills without having to physically present in the automobile. Besides, it can be used for fuel-efficiency. Sensors can be incorporated into semi-trucks and public buses to gather the data on fuel usage and cut down fuel consumption.

Agriculture

The capability of IoT in agriculture is beyond imagination. It has been anticipated that IoT device installation in the agriculture industry will grow to a whopping 75M Euros by 2020.

IoT solutions provide real-time data about weather conditions and previous trends to farmers to give them an idea of when to plant their crops. John Deere is already leveraging the same approach. The company created an iPad app having nine mapping layers that track everything happening in the field. Thus, farmers can estimate how many seeds to plant per acre, and precisely, at what distance they should be planted.

The more the farmers are connected with various data, the more the possibilities of a successful and optimized yield.

Conclusion

While only four industries have been mentioned above, many other industries have been or will be disrupted by IoT to no small extent. Now is the time when there is barely a sector that hasn’t been impacted by IoT. The kind of revolution industries are experiencing, currently, is just the tip of the iceberg. IoT possesses a lot to bring to the table in the future and industries that are adopting IoT development services and solutions now will rapidly streamline their operations and drive their growth.

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