Better sensors, cutting-edge computing capabilities and newer wireless networks have facilitated the deployment of IoT systems and made their applications much common across many sectors. Research suggests that their applications are on such a surge that the number of devices connected would soon hit a mark of 40 billion. The economic impact and benefits of IoT is predicted to be so huge that Gartner reckons it would soon exceed $1.9 billion by 2020.
Utility companies for instance, can harness an IoT systems to harvest energy products such as oil & gas and also for ideal billing process. Remote sensors at the site can pick up crucial parameters at an oil drill state and can easily send this data wirelessly to a computer with all the specifics about pressure, flow rates, temperature or fuel levels. And the computer can leverage this data; convert them into actionable insights and improve operational efficiency.
Another IoT application that can be of potential benefit is traffic regulation. Sensors that are prefixed on the roads can monitor traffic variables such as volume and speed. When sensors transfer this data to a computer using specialized software that takes charge of traffic-control devices, it can maximize traffic flow. Newer IoT technologies are on the way to monitor the status of infrastructure like roads, bridges or highways.
Telemedicine is also another IoT application that has been gaining ground in the past couple of years. When heart patients wear special monitors that are designed to gather information about the whereabouts of the heart, the picked up signals could be sent to implanted devices as insights to deliver a timely shock to correct an errant rhythm.
With the growth of internet, networking and computing, IoT application have a bright and limitless future. Be it engineers, doctors, entrepreneurs or scientists, it is time they thought of M2M communication as a flexible technology that uses common equipments in newer ways to create an intuitive, cutting-edge and an intelligent system in place.
There are myriad enterprise advantages of having IoT applications deployed. The benefits principally revolve around the fact that it helps make organizations make real-time, automated, intelligent decisions that is driven by analytics. IoT apps: