The internet has transformed the way that people — and their businesses — communicate. And digitisation threatens to make unprepared players disappear. Technological breakthroughs are helping expand and accentuate relationships with existing customers and helping construct new ones. Business models based totally on “connecting things” have been penetrating the markets as they deliver greater ROI.
According to a current research, more than 14 billion connected devices can be expected by 2022, connected directly or indirectly to the internet. No prizes for guessing — it means intelligent homes, healthcare, automotive and utilities.
Anything that touches the consumer industry will become a buzzword.
A team of international Telecommunications Union defined IoT as a global infrastructure for the information society, enabling advanced services by interconnecting (physical and virtual) things based on existing and evolving interoperable information and communication technologies. Embedded technology within the objects enables them to have interaction with internal states or the external surroundings, which in turn influences the decisions taken.
Automating objects at home is the next way to move. Making faster decisions, communicating instantly in addition to monitoring things around your property can all be viable in a yet more effective way. These non-value added activities’ automatisation create an exquisite potential for the consumer market in terms of startups and huge agencies. Smart homes build demand in order to boom the standard of living of the people in addition to saving time.
Today, IoT is being implemented in every sector impacted by
human life — like smart city, smart environment, security, smart
enterprise technique, smart agriculture, home automation and
Automation in a Smart Home is buzzing with potential
Smart homes build demand in order to boom the standard of living of the people in addition to saving time. Now automating objects at home is the next way to move. Making faster decisions, communicating instantly in addition to monitoring things around your property can all be viable in a yet more effective way. Automation of these non-value added activities creates an exquisite potential for the consumer market in terms of startups and huge agencies.
Possible to monitor farms remotely? Why not?
India may be losing capital because of lacking predictive structures in agriculture fields (with the exception of natural disasters). IoT can initiate smart farming — no matter where you are, you can manipulate things on field ; building higher satisfactory crops at an inexpensive rate.
Bringing Smart Transportation into your car family
Existing agencies like Uber, OLA implemented an exquisite connected platform, which is user-specific and environmentally friendly. The future use of IoT can be prolonged to our own private transportation systems like cars, motorbike and SUVs and so on. Think about travelling on a bus to your hometown. Your mobile phone signals you the precise time you need to get out of your home. Consider it done.
Smart Cities flourish smart too
Innovative new IoT solutions, such as smart parking, connected waste, and traffic management, show remarkable promise for combatting the major challenges of rapid urbanisation. Smart cities can indeed be smarter.
Smart Industry will impact bottomlines
For all enterprises that exist today, a new use-case every day can help leap into the Internet of Things world. Needless to say, the potential benefits of the IoT are huge. There is significant time and price savings to industry, commercial enterprise, and individuals. The supply chain example is a genuinely good one, where IoT allows organisations to track where their inventory is at any given time, optimising efficiency, lowering losses and maximising sales.
In conclusion, IoT will cease to exist — Terms like “eCommerce”, “the Net” and “WWW” have faded into our daily lives. And the Internet of Things will go the same way. It will soon be hard to imagine that all things weren’t connected already, and we hadn’t been enjoying the extraordinary benefits of IoT as a daily staple.
Content: Ria Jain (Student ISDI)
Editing: Gunjan Pai (Writer at Leaf)
Illustration: Sourajit Sengupta (Principal Designer Leaf )