Applications and Benefits of IOT.
In today’s business world, the adoption of IoT (Internet of Things) has become a trend. IoT prominently helps to capture a tremendous amount of data from multiple sources. However, the wrapping amultitude of data coming countless for IoT devices, makes it complex to collect, process, and analyze the data.
Artificial Intelligence and the Internet of Things are two of the technologies which are rapidly growing day by day and have the scope of heading towards an extremely intelligent future. Whether it is a laptop, smartphones, or any home appliances such as smart lights, etc., every device is connected to the internet. Within the network people can operate the device easily with voice assistants or smartphones.
The AI (Artificial Intelligence) and IoT can redefine the way industries, business, and economies functions. The AI enabled IoT creates intelligent machines that simulate the smart behavior and supports in decision making. IoT deals with devices and interact using the internet, AI can make the devices learn from their data and experience.
In tech Industry the Startups and large companies prefer AI technology for unleashing the full potential of IoT. one of the leading vendors of IoT platform like Oracle, Microsoft, Amazon, and Salesforces have started consolidating AI capabilities into their IoT applications.
What is IoT?
Every one are using mobile phone or laptop, or tablet, or desktop, so whatever the device you are using is, it would require an internet connection. In the present scenario, we can’t think out of surviving without an internet connection. Internet has become a vital part of our life. So, the term ‘Internet of Things’ is everywhere.
In simple words, Internet of Things (IoT) refers to be the billions of physical devices around the world that are now connected to the internet and each of them gathering and sharing data.
The Internet of Things (IoT) and Artificial Intelligence (AI) are most powerful technologies. IoT devices will gather information and send it along to some central data server, where the information is processed, collated, distilled, and also used to make a host of tasks easier to perform. Every business world are enjoying the benefits of IoT, government, organizations, and the individual consumer.
IoT-equipped a devices include smartphones, laptops, coffee machines, refrigerators, Google Home, Apple watches, Fitbits. Any device are plugged into the IoT provided with an equipped with sensors and an Internet connection. The Artificial intelligence of AIoT enables the data analytics that optimize a system and generate higher performance and business insights and creates the data that helps to make better decisions.
IoT system are interrelated computing devices such as mechanical and digital machines, objects, animals or people that provides a unique identifiers (UIDs) and the ability to transfer the data over the network without requiring the human-to-human or human-to-computer interaction.
How does IoT work?
The IoT ecosystem consists of a web-enabled smart devices that use embedded systems, such as processors, sensors and communication hardware, to collect, send. IoT devices share the sensor data and they collect by connecting to an IoT gateway or other edged device. The data either be sent to the cloud to analyze or analyzed locally. Sometimes, these devices communicate with other related devices, These devices work without human intervention, although people can interact with the devices.
An IoT can also make use of artificial intelligence (AI) and machine learning to aid in making data collecting processes easier and more dynamic. The connectivity, networking and communication protocols uses with the web-enabled devices largely depend on the specific IoT applications deployed.
Benefits of AI Enabled IoT
IoT and artificial intelligence leads a broad range of benefits for the companies and consumers like a proactive intervention, personalized experience, and intelligent automation. Here are some of the most popular benefits of combining these two disruptive technologies to the businesses:
1. Boosting Operational Efficiency
The IoT crunches the constant streams of data and detects the patterns. In addition, Machine Learning coupled with AI can predict the operation conditions and detect the parameters to be modify the ideal outcomes. Hence, the intelligent IoT offers an insight which processes are redundant and time-consuming.
Google, for example, brings the power of AI into IoT to reduce its data center cooling costs.
2. Better Risks Management
Pairing AI with IoT helps the businesses to predict a broad range of risks and automate for the prompt response. Thereby, it allows them to handle financial loss, employee safety, and cyber threats.
Fujitsu, for example, ensures worker safety by engaging AI for analyzing data sourced from connected wearable devices.
3. Triggering New and Enhanced Products & Services
Natural Language Processing (NPL) is better at allowing people to communicate with devices. Undeniably, IoT and AI together can be directly create a new products or enhance the existing products & services by enabling the business rapidly process & analyze the data.
4. Increase IoT Scalability
IoT devices broad range from the mobile devices and high-end computers to low-end sensors. However, the most common IoT ecosystem includes a low-end sensors, which offers floods of data. AI-powered IoT system analyzes and summarizes the data from one device before transferring it to other device. It reduces a large volumes of data that allows connecting a large number of IoT devices. This is called scalability.
5. Eliminates Costly Unplanned Downtime
In some sectors like offshore oil, gas and industrial manufacturing, equipment breakdown the result in costly unplanned downtime. The predictive maintenance with AI enables IoT allows you to predict the equipment failure in advance and schedule the orderly maintenance procedures. Hence, you can also avoid the side effects of downtime.
Internet of Things Applications?
The IOT can be used in many different aspects of life, in both the private and public sectors.
IoT Applications by Industries
IOT is a fact of life thanks to its adoption by a wide range of industries. The Internet of Things versatility makes it an attractive option for so many businesses, organizations, and government branches. Let us learn about IoT applications in different industries below:
1. IoT Applications in Agriculture
For indoor planting, IoT monitores and manage the micro-climate conditions a reality, which in turn increases production. For outside planting, using IoT technology devices can sense the soil moisture for example, it prevents wasting a precious resource.
2. IoT Applications in Consumer Use
IoT devices in the form of wearables and smart homes. In Wearables cover accessories such as Fitbit, smartphones, Apple watches, health monitors, to name a few. These devices improve the entertainment, network connectivity, health, and fitness.
Smart homes take care the things like activating environmental controls that make your home at peak comfort when you come home. Security is made more accessible as well as with the consumer having the ability to control appliances and lights remotely and activating the smart lock that allow the appropriate people to enter the house.
3. IoT Applications in Healthcare
The first and foremost wearable IoT devices at hospitals thst monitor their patients’ health at home, thereby reducing hospital stays while provide the minute real-time information that could save lives. In hospitals, IoT sensors on critical equipment means fewer breakdowns and increased reliability, which can mean the difference between life and death. The real-time home monitoring, sensors can also determine if a patient has fallen or is suffering a heart attack.
4. IoT Applications in Insurance
The Insurance companies can offer their policyholders discounts through IoT wearables such as Fitbit. By using they can track employing fitness, the insurer can offer customized policies and encourage healthier habits, which in the long run, benefits everyone, insurer, and customer alike.
5. IoT Applications in Manufacturing
In the world of manufacturing and industrial automation is another big winner in the Internet of Things sweepstakes. RFID and GPS technology can help the manufacturers to track the product from its start on the factory floor to its placement in the destination store. The whole supply chain from start to finish. These sensors also can gather the information on travel time, product condition, and environmental conditions that the product was subjected to.
Sensors attached in the factory equipment can help to identify the bottlenecks in the production line, thereby reducing lost time and waste. Other sensors mounted in these machines can also track the performance of the machine, predicting when the unit will require maintenance, thereby preventing costly breakdowns.
6. IoT Applications in Retail
Internet of Things technology has a lot to offer the world of retail sector. Online and in-store shopping sales figures can be controled with the help of warehouse automation and robotics, information gleaned from IoT sensors. Business tends advent the online shopping has driven down the demand for brick and mortar establishments. IoT can also analyze the mall traffic so that the stores located in malls can make the necessary adjustments that enhance the customer’s shopping experience while reducing overhead. In customer engagement, IoT can helps retailers target customers based on past purchases.
7. IoT Applications in Transportation
In today’s world, most people have heard about the progress being made with self-driving cars, But that’s just one bit of the vast potential in the field of transportation sector. Using GPS IoT, is being utilized in transportation companies plot faster and more efficient routes for trucks hauling freight, thereby speeding up delivery times. In Big city, it can also use that data to help determine traffic patterns, parking space demand, and road construction and maintenance.
8. IoT Applications in Utilities/Energy
Internet of Things sensors can be employed to monitor the environmental conditions such as humidity, temperature, and lighting. The information provided by IoT sensors can creat algorithms that regulate the energy usage and make the appropriate adjustments, eliminating the human equation.
Overall, Internet of Things coupled with AI technology can lead the way to the advanced level of solutions and experience. To get better value from your network and transform your business, you should need to integrate the AI with incoming data from the IoT devices.
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