- Travel and logistics could be optimized, ensuring better luggage management and client service.
- Farmers are using intelligent equipment that keeps track of weather, soil conditions, and seeds’ progress to reduce crop loss and failure.
- The manufacturing industry already uses technology to keep track of pallets and products, workforce efficiency, and overall operations. This technology will only improve, especially as more devices and tools are reimagined to communicate wirelessly.
- Highway and road departments can implement road sensors that monitor traffic conditions and volume to lower the number of accidents caused by poor conditions and high traffic volume.
Speculating the Further Impact of IoT on Our World
Sreeram Srinivasan, our CEO, discusses the internet of things, known as IoT, in this article. Our entire planet is becoming increasingly interconnected. We all connect via our smartphone or computer every day, if not seemingly every waking moment. An estimated 10B devices are already connected, and this number is projected to expand five-fold by 2020. Maybe you already use a convenient smartphone app to control your home thermostat or remotely turn your home’s lights on and off to ward off intruders. Not only are more everyday home appliances connected to the Internet, but they’re becoming smarter due to leading-edge advancements in artificial intelligence (AI). Thanks to AI, devices from tools to toys utilize chips and sensors to adjust to their surroundings automatically. This higher electronic self-awareness leads to devices that monitor ambient conditions and analyze results, and constantly learn the various aspects and parameters of the environment they operate in. For businesses, AI-enhanced devices deliver valuable real-time and intelligent data. Building automation systems, for instance, keep building owners and managers up-to-date on everything from a building’s heating and cooling to lighting and ventilation. Benefits of IoT Technology These AI-based improvements automatically enhance occupants’ comfort, improve safety through fire and carbon monoxide detection, lower overall costs, and improve efficiency through reduced energy consumption. Building management can even effectively monitor the lifecycle of systems within a building, anticipating repairs or part replacements before problems occur. All of these essential online data can be conveniently transmitted to a central computer or mobile device. This can be used to run reports and make informed decisions that reduce potential liability, decrease waste and enhance every aspect of building operations. Security systems can similarly communicate through the Internet. Security breaches can be reported to a 24/7 monitoring facility as well as your smartphone. If your basement is flooding, sensors can detect the flood, so the data is relayed to you from any location.  From Information to Intelligence The exponential development of the IoT is accelerating the transition from the information age to the intelligence age. Automation combines with AI to deliver the astounding benefits of technology, from devices in our homes to the impact upon business and manufacturing, or Industrial Revolution 4.0. With the IoT touching more and more aspects of our world and the electronic intelligence behind these devices growing so rapidly, we can look ahead to further innovations among many industry verticals: