The popularity and usage of Internet of Things (IoT) has been growing at a lightning speed for businesses across the globe. Here we bring to you a list of Internet of Things Examples which has made life easier for businesses and customers as well. It offers a plethora of opportunities for businesses to take advantage of making life easier and to become more profitable.

Rapid developments and advances in this niche is resulting in more and more businesses leveraging this type of technology. From transportation, health care industry, logistics, consumer to smart cities, retail and umpteen other uses have revolutionized the way businesses operate through IoT. 

Asset Tracking & its Management

Internet of Things can also help in the improvement of asset tracking and management as well. Businesses are able to get info about the efficiency and health of the required equipment. This is especially critical for organizations which have a huge inventory of assets.

This enables customers for example, to monitor their air compressors which need maintenance urgently and all of this leads in minimizing downtime. Industrial units which are critically reliable on certain functioning units need to be aware about their health to prevent huge losses. Downtime is one of the most common reasons of monetary losses for businesses. 

Similarly, asset management also plays a critical role in every business and industry. Assets include huge industrial equipment, furniture, vehicles used in transportation and much more. When they are armed with real time data with the help of IoT Applications ideas, companies can maximize the correct usage of assets in the most optimized way possible, which can result in maximizing ROI.

Providing Smart Homes

IoT devices have enabled people to monitor their homes on their phones from anywhere across the world. Apps installed on their phones makes all of this a reality. This feature has revolutionized the way home owners can take care of their home safety. In fact they can monitor each of the device in their house remotely. lately IoT connected doorbells have ushered in a new level of security for smart homes.

Alexa and Google Home are not alien terms and have a huge loyal user base globally. Smart home security also has helped home owners to remain worry free when they are away from home. They can watch footage inside and outside the house whenever they want to from a distance.

Lately, Amazon has introduced a feature wherein it uses a smart lock which enables the delivery guys to scan the bar code on the package. The main door gets unlocked and they can drop it off inside the house. As soon as the door opens, the video is then sent to the customer, thus confirming the package delivery. Now, isn’t this amazing?

Logistics

One of the most popular companies, DHL use tracking and monitoring system based on IoT principles. This system track their vehicles, packages and all of the environmental sensors in their warehouses till their destination.

This is almost a fool proof logistics system in place on a massive scale. This makes the entire process simplified, safer and much more efficient. Delivering the best possible efficient system has become possible by the use of IoT. 

 Energy Efficiency

Saving energy in the world of today has been a major objective and a humongous challenge for everyone. However organizations and consumers can achieve decreasing the wastage of energy by the usage of IoT. Being a part of their apparatus, the sensors monitors temperature, usage of light and many more parameters.

Lights connected via the IoT technology help home owner to save a lot of their money by automatically shutting down the lights when no one is in the room. Similar is the case with smart thermostats. In fact during vacation when you are away, this provides an awesome way to control the temperatures inside the house. 

IoT technology comes into play here as it helps to manage energy usage real time. Such a process is much more effective and helpful in saving resources as well as cutting down on costs. A great example is the usage of this technology in Google, the internet giant’s offices which enabled them to cut down on 15% of their energy budget.

Efficiency in Inventory

For finding exact locations of each and every item in gigantic warehouses, IoT can be of immense use. This results in saving of oodles of precious search time while resulting in lowering of labour costs. The process helps in ordering new products and in this way avoids wastage of inventory by knowing when customers would want certain items.

Smart inventory management is the latest trend for contemporary businesses which enables them to reduce their costs. This enables streamlining of the entire process and in this way, teams can lead efficiently.

IoT related to Natural Disasters & Safety

The Internet of Things helps in increasing alerts regarding natural calamities, enforcement of law and maintaining health and safety. For instance in case of an earthquake or a tsunami, the IoT sensors can collect crucial info regarding the environment which leads to saving countless lives.

When it comes to enforcing law and order, police authorities and surveillance teams are able to detect the exact location and the moment a crime has occurred. All of this makes it much easier to reach the crime scene, thus keeping citizens safer.

Supply Chain Management

 

Amazon is one of the companies which has been using IoT for streamlining their complex processes. Also, Amazon is also using it for decreasing the costs of distribution and logistics in many types of commercial as well as industrial enterprises. 

The supply chain for medical devices was billions of dollars annually due to redundancy, inadequate analytics and inaccessible data. IoT can also help cut down medical supply chain costs by more than 25%.

Another application while using IoT was the ability to get real time reports and assessment of the quality of food products and pharmaceutical industry. This includes time-sensitive vaccines or even organs being transported for transplants.

Updates created through IoT are quite useful in such cases. Shipments always carry a risk factor and at times destinations do gets delayed. The reasons could be manifold right from rainy days, an accident, a sudden advent of a storm or a national holiday. 

Healthcare

IoT has started to bring about drastic changes to the healthcare and health monitoring industries. Hospitals have started to monitor the health of patients remotely and also collect data by using connected devices and monitors. The devices which are connected to the medical staff help them tremendously to detect early signs of ailments and hence enables them to take preventive actions accordingly.

In fact it has also been seen that the availability of unoccupied beds can be monitored and managed with the help of IoT devices. This in turn saves innumerable number of hours. Athletes in fact also can track their performances which in a sum total at the end of it all helps customers to lead more happier and healthier lives.

Customer Experience

Another cap in its feather is the umpteen ways of the IoT and its potential to help organizations to improve customer experience. Its usage can have a tremendous impact on how customers receive and utilize industrial equipment. In most of the businesses, it leads to a down-slide in the operating cost, increase in efficiency and in improving its productivity.

For marketers, one of the most useful benefits that IoT offers is the enormous amount of data that can be interpreted from various devices. All of this can help tremendously for increasing the interaction with consumers 24 hours in a day and all seven days of the week.

This can also assist in creating wider product development. Ultimately due to an increase in the interaction with customers, marketers can take the advantage of an increase in customer loyalty and advocacy.

Conclusion

To conclude, it is quite appropriate to say that Internet of Things has arrived with a bang and it is here to stay.  Businesses which utilize IoT at present are using it to increase the efficiency of their operations, spur the growth of their businesses. They are making customer experience a more satisfactory one for ensuring brand loyalty.

IoT has opened up umpteen opportunities for various businesses to utilize networked systems and data. This has also opened the doors for improvising on their products and thus providing a state-of-the art experience affecting every strata and industry.

This sustained usage of IoT and its growth will lead to new and more creative uses which businesses can use for benefiting their customers. Internet of Things has the capacity and power for making lives much safer and more connected, increase in productivity and surely better for our future too.

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