Transform Your Business with IoT Development Services & Solutions
The Internet of Things is rapidly merging the line between physical and digital assets and enabling businesses to expedite and innovate their business processes and discover and create new streams of revenue, thereby creating new opportunities for the IoT application development company.
Growth of Internet of Things
Check the exponential rise in the number of Internet of Things-connected objects which is likely to hit 75.44 billion by 2025.
Applications of Internet of Things
IoT for Retail
The tech savviness of consumers is encouraging the retailers to adopt IoT and optimize the three critical areas: customer experience, the supply chain, and new channels and revenue streams. Customers can decode the barcode information, learn about digital coupons upon entering the store and make a better buying decision. Likewise, store owners can stay in tune with the demand and supply with smart shelves. Smart robots that work autonomously will aid in areas ranging from stock replenishment to product assembly to hazardous materials handling.
Must read: 10 Benefits That Brick-n-Mortar Retailers Can Bag with IoT
IoT for Real Estate
Introducing IoT, realtors can add value to the property search and later in the occupant’s lifestyle. Properties armed with beacons can relay information about the construction, amenities, and sellers to the potential home buyers. Thus, buyers can have a better decision making and occupants can have a better and safer life. The data generated from their interaction with the digital building and its services provide valuable information regarding the occupants.
IoT for Agriculture
No business gets as affected by the physical environmental factors like temperature, wind speed, humidity, minerals, etc. as agriculture. Thanks, IoT has come to the rescue of farmers and other stakeholders linked with agricultural farming. With the right information at the right time regarding the environmental factors, farmers can perform their various tasks in a more scientific and informed manner, which ultimately leads to more produce and of better quality.
IoT for Manufacturing
Digitization of a manufacturing unit positively affects the quality and quantity of its output and ensures better management and control of the machinery and equipment involved.
However, setting up and deploying an IoT-powered manufacturing unit calls for a joint effort of process or workshop manager, IoT chip or beacon manufacturer and IoT app developers.
IoT for Aviation
Aviation is one of the early adopters of IoT. Outmoded commercial aircrafts are equipped with around 250 sensors, while the modern ones come with close to 5000 sensors that can collect as much as 500 GB of data per second. The Internet of Things can be witnessed across various areas of commercial aviation including passenger transportation, freight, personal aviation, and self-controlled unmanned aircrafts to augment customer experience (CX), enhance timeliness, reduce risks and the operational cost.
