What Makes IoT so Popular?

 

We live in an age of technology where services are delivered to us at super fast speed. Amazon won the market game with 1-day deliveries. This speed applies to all industries and markets. All actions, be it business, service, maintenance, or anything else, are proactive now. Internet of Things have jumped directly from reactive to proactive in all aspects of business today. It is always about anticipating the next need of the customers, the next problem, the next emergency, the next trend, the next demand, the next environmental crisis, and the next everything.

To anticipate the next, you need data, and to get all the possible data from all the systems possible, we have the Industrial Internet of Things,

The entire business model today has moved from data-centric to event-driven. A business today does not wait for their customers to realize the need for their brand; they either anticipate the need in advance or create it. Gone are the days when technology was used to store data. Today, technology is meant to collect, store, and process data and take actions based on it.

At the core of the event-driven architecture is the Internet of things.

Internet of Things, is the key to ‘anticipating the next and being prepared for it.


Uses of IoT





As discussed briefly, IoT has multiple applications and is not limited to any industry or sector. To broadly categorize the uses of IoT, we can have five categories:

Personal

As the name suggests, IoT for personal use is the way Internet of Things is implemented for an individual’s usage. For example, your smartwatch. You can even have an IoT-enabled household where all your devices and systems are interconnected for your convenience.


These smart homes are a reality today because of IoT. When you go to sleep at night and turn on night mode on your phone, the lights in your bedroom automatically dim, and soothing music starts playing on the speakers that put you to sleep. In the morning, when your alarm goes off, the blinds automatically open, and you can feel the morning sun through your windows. As you reach the kitchen, your smart coffee maker is already running, and your coffee pot has freshly brewed coffee for you. Your toaster pops out freshly toasted toast for you, and your day starts.


Customer Engagement

Brands use IoT to deliver the best customer service and build better customer engagement with their customers today. A newly emerging electric vehicle brand has fitted sensors in their machines that detect wear and tear and can send a servicing alert to the user. They also have performance monitoring sensors that help them study their vehicles and improve their design. Many brands send you sale alerts on your phone when you are in the vicinity of their physical stores while shopping.

The possibilities of elevating brand engagement through Internet of Things are increasing daily, and the brands are just getting started.


Monitoring


With IoT, machines can talk to each other. What can simplify monitoring than having all your machines communicate effectively through data? Large-scale industrial plants, warehouses, hospitals, service providers, etc. Use IoT-enabled asset management or inventory management solutions that help them track and monitor the health of all their assets and machines. This is a wonderful breakthrough for businesses that have to deal with regular machine maintenance and warehouse management.

They can track the status of their inventory items, perform a maintenance check on their machines, track a faulty link in case of a breakdown, or monitor the performance of any equipment, all with a few clicks within their systems. The IoT sensors power all this.


Automation


Automation is the key today. Automation is only possible when there are data-based triggers in the system, and the data is collected from the devices without any human intervention. Thus, IoT is the key to the automation of systems.

Like the example of smart streetlights discussed above, IoT-driven automation has enabled businesses to save costs, eliminate bottlenecks, streamline their processes, and deliver services or products faster.


Industrial


The industrial application of IoT, better known as IIoT, is the application of IoT for all industrial setups. Industrial setups require detailed monitoring and efficient automation, asset management, and inventory management. IIoT also includes Machine learning and artificial intelligence that adds a layer of automation and brings forth the modern business model for industries. It leverages allied technologies – the cloud, AI/ML, and IoT with machine-to-machine (M2M) communication to achieve a truly wireless control experience.


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