With rising IoT wave, ‘Smart Home’ is the most searched IoT associated title on Google. But, what is a Smart Home?
Wouldn’t you love if you could switch on the air condition system before you reach home or switch the lights off even after you have left home? Or unlock the doors to friends for temporary access even when you are not at home. With forming of IoT, companies are developing products to make your life simpler and more convenient.
You can think of Smart Home as the revolutionary ladder of success in the real estate market, and it is predicted Smart homes will become as common as smartphones.
The cost of owning a house is the most significant expense in a landlord’s life. Smart Home products promise to bring benefits in time, energy and money. So Smart Home companies like Nest, Ecobee, Ring, and August will become home appliance brands and are getting ready to deliver an unprecedented experience.
Wearables have experienced an explosive demand in global markets. Google and Samsung are amongst companies that have invested heavily in developing such devices.
Wearable devices are installed with sensors and software which collect data and information about the users. Collected data will later be processed to extract essential insights about the user.
These devices broadly cover fitness, health and entertainment requirements. The pre-requisite from IoT technology for wearable applications is to be highly energy efficient or ultra-low power and small sized.
The automotive digital technologies have focused on optimizing vehicles internal functions. But now, this attention is growing towards enhancing the in-car experience.
A connected car is a vehicle which can optimize its operation, maintenance as well as the convenience of passengers using built-in sensors and internet connectivity.
Most large automobile makers, as well as some brave startups, are working on connected car solutions. Major brands like Tesla, BMW, Apple, and Google are working on bringing the next revolution in automobiles.
Industrial Internet is the new boom in the industrial sector that also is known as "Industrial Internet of Things" (IIoT). This concept empowers industrial engineering with sensors, software, and big data analytics to create intelligent machines.
According to Jeff Immelt, CEO of General Electric, IIoT is a “beautiful, desirable and investable” asset. The main idea behind IIoT is that smart machines are more precise and consistent compared to humans when communicating through data. This data also can help companies to detect incompetence and errors sooner.
IIoT holds great potential for quality control and sustainability. Applications for tracking goods, real-time information exchange about inventory between suppliers and retailers and automated shipping will enhance the supply chain's efficiency. General Electric estimates that the improvement industry productivity will generate $10 trillion to $15 trillion in GDP worldwide over next 15 years.
A smart city is another important application of IoT generating interest among people around the world. Smarter energy management systems, smart surveillance, automated transportation, smart water distribution, intelligent urban security and environmental monitoring are just a few examples of IoT applications for smart cities.
IoT will solve major problems faced by the people living in cities like pollution, traffic congestion and the shortage of energy supplies, etc. Products like Smart Belly trash with cellular communication ability will send alerts to municipal services when bins are full.
By implementing sensors and using web applications, citizens can find free available parking spots across the city. Also, taking advantage of sensors allow detecting meter tampering issues, general malfunctions and various installation problems in the electricity system.
IoT in agriculture
With the ongoing growth of world’s population, demand for food supply has remarkably increased. Governments help farmers to take advantage of advanced techniques and fund for research to improve farms yield. Smart farming is one of the fields in IoT that has the fastest growth speed.
Farmers rely on meaningful knowledge from the collected data to reach a better return on investment. ِDetermining moisture and nutrients of loam, controlling irrigation for plant growth and determining the combination of custom fertilizer are some of IoT applications in agriculture section.
IoT indeed has an enormous potential in the retail sector. IoT allows retailers to connect with their potential customers to enhance the in-store experience.
Smartphones will be the way for retailers to remain connected with their consumers even out of the store. By interacting through Smartphones and using Beacon technology, retailers can deliver better services their consumers. They can also track consumer’s path through a store and improve store layout and place premium products in high traffic areas.
Power grids of the future will be not only smart enough but also highly reliable. Smart grid concept is becoming very popular all over the world.
The main idea behind the smart grids is improving efficiency and economics of electricity usage by collecting data in an automated fashion and analyzing the behavior of electricity consumers and suppliers.
You can still consider connected healthcare as the sleeping giant of the Internet of Things applications. The concept of a connected healthcare systems and smart medical devices brings great potential not just for related companies, but also for the general health of people.
Studies show that IoT in healthcare will be an enormous title in coming years. IoT in healthcare tries to allow people have a healthier life by wearing various connected devices.
The collected data will help in a personalized analysis of an individual’s health and provide tailor-made strategies to combat sickness.
Poultry and Farming
Livestock and Poultry Farming monitoring is about animal husbandry and cost saving. Using IoT applications to gather data about the health and well-being of the cattle, ranchers knowing early about the sick animal can isolate it to help prevent a large number of diseased cattle.