This Is How The IoT Will Revolutionize 6 Major Industries

Access to broadband Internet is becoming something that is widely available to pretty much every person in all countries around the world. Access to the World Wide Web can be considered in some instances a utility as basic and important as water and electricity, and since such popularity has dramatically decreased its cost, it isn’t uncommon to see devices that are created containing Wi-Fi capabilities and sensors that allow for remote interaction amongst other benefits that come along with the utilization of IoT applications.

What is the Internet of Things? To put matters simply, we will define the term as connectivity between many electronic devices to the Internet and to each other. This goes for anything ranging from a cell phone or a smartwatch to a drill of an oil rig or a jet engine on a plane. The truth of the matter is, that according to the experts, by the year 2020, over 25 billion devices will be connected to the Internet.

So what does that mean to us? Today here in Peter Foyo’s Blog, we want to talk to about what it will be like to live in a world where “everything that can be connected, will be connected” and take a look at how some major industries will be affected by the Internet of Things.

 

Retail

After understanding a little bit of what the IoT means and what it can do, some people do not think about the retail industry as a field that could be directly affected, but even now at its early stages, the Internet of Things is already beginning to transform the way to buy things. Imagine having a refrigerator that senses when you are running low on some of the essentials like milk and bread and sends you a notification to your phone that it is placing an order immediately directly to the store. Grocery stores can also control their inventory more effectively by only ordering the exact quantities of fresh products that customers are requiring and thus greatly reducing food waste and such.

 

Homes

Commercial buildings are not the only structures that can be greatly benefited from IoT applications. Homes are being upgraded already with devices that allow for their owners to control many of the appliances inside the residence from their smartphones. Something else that smart homes bring to the table are advanced features of security and safety that can help you protect your valuables from third parties and your family from accidents and such.

house
Image by Jeremy Levine | Flickr

 

Farming

Farming is an industry that has never been foreign to technological innovation and now with Internet of Things, that statement is truer than ever. The purpose of smart agriculture is to significantly maximize yield while at the same time being environmentally friendly and conscious. Drones paired with sensors are some of the devices used in tandem in order to ensure that productivity is high and always focused on taking care of the product while keeping in mind the ultimate goal of feeding a population that is constantly growing.

 

Advertising

Living in a world filled with devices that are always connected has given the world of advertisement a unique opportunity to reach customers. Keep in mind that it isn’t just about reaching people and promoting the normally annoying reputation that surrounds most advertising, but it is more about evolving into something that is so finely tuned to customer’s needs that they will feel those necessities are anticipated instead of feeling like their privacy is being violated and their time wasted.

 

Healthcare

Better care for patients and a more efficient use of resources are just some of the benefits brought to the table by the arrival of the Internet of Things into the world of healthcare. Having machines connected to the Internet, hospitals are not just ensuring that their staff gets the information right away in order to better serve patients but they are also communicating constantly with the manufacturers in order to make sure that machines are in working order and to analyze how they are being used. This information is extremely useful for the companies that make the equipment so they can anticipate when components will fail and make the necessary adjustments.

healthcare computers

 

Transportation

The benefits that the IoT brings to the supply chain and its management cannot be explained in such short article, but let’s just say that it has brought forth a true revolution to the way logistics are managed and the way goods and services arrive to a customer’s hands nowadays. Warehouse operations as well as transit of cargo, are areas that matter greatly and that is why having more monitoring and constant communication between components is so important for reducing costs and being friendlier to the environment. The IoT can permit us having self-driving vehicles that are safer, more efficient and smarter than ever.