This post will help you with understanding IoT in-depth and why it matters for your business.
According to the estimates shared by Gartner, the world is likely to have over 20.4 billion connected devices by 2020.
On the other hand, the FTC estimates that the number of connected devices could well cross 50 billion. IDC statistics show us that the global IoT market is likely to reach a valuation of over $1.7 trillion by 2020.
Any way you look at it and any of those estimates you choose to believe, one thing is certain – IoT is here to stay and the number of connected devices both in our homes and workplaces are only going to skyrocket as the years go by.
That is why it is important for businesses to understand IoT in-depth, and how it can potentially benefit their businesses in transformative ways. IT Support Lafayette can help you understand Internet of Things companies and Internet Of Things Applications in detail.
What is the Internet of Things (IoT)?
The Internet of Things, or IoT, can be understood as the vast network of billions of interconnected physical devices, all talking and communicating with each other on the IoT network. IoT devices are typically equipped with sensors that collect data and transmit it through the Internet.
These sensors have become progressively smaller and cheaper with time and can now be implanted in virtually any object on the planet and connected to wireless networks for continuous collection and sharing of information. This renders any device to become ‘smart’, i.e., gain the capability to collect and share data.
This enables smarter decision-making and actions without the need for human intervention. For example, smart lighting systems (the ones enabled with motion sensor technology) know exactly when you are walking into the room and when you are walking out of it, so it can adjust levels of light in the room accordingly.
This proves to be way more energy and cost efficient than humans who can often forget to switch off the light. When you add a home hub into the mix of smart devices already present in your home, all the devices get connected and work in sync to make an even larger array of automation possible.
This renders the man-made object-cluttered world around us more responsive and adaptable to human needs without the need for conscious human involvement or intervention. In other words, it renders both homes and workplaces more accessible and convenient and effectively merges the digital and physical universes.
In order to understand Internet Of Things Devices and Internet Of Things Industry more effectively, please consult Managed IT services Lafayette.
Why Does IoT Matter?
Intelligent decision-making
With humans more pressed for time and distracted than ever, outsourcing decision-making for simpler tasks is a huge burden off their shoulders. IoT devices operate through the collection of vast amounts and varieties of data that combined with user inputs enable them to take ‘smart’ repeatable decisions and actions.
As companies get better at analysing the data and drilling down deeper into it to uncover hidden user behavior trends, they can add even more improved smart features and decision-making. Smart appliances are also very effective in knowledge sharing and training (they can answer questions and even teach users how to do certain things).
Track and monitor effectively
IT devices excel at effective tracking and monitoring of their environments. While this has many applications at home, the use cases for the tracking and monitoring capability of IoT devices are mind-boggling when it comes to industrial applications. These can easily be leveraged to safely monitor workplaces and especially industrial sites where involving humans to do the same job might result in risk of injury and lives lost.
For example, monitoring deep oil drills or industrial installations in risky environments. Leveraging hundreds of units of IoT devices with sensors is a much more effective and safe alternative. Furthermore, these devices do not get tired or need a break and hence can retain equal degree of agile alertness and responsiveness 24*7*365 year after year.
These devices are also particularly useful in administering and monitoring quality control procedures in any industrial or shop floor environment.
Automation
A greater degree of automation and independent decision-making capabilities renders IoT devices indispensable in industrial environments. They can handle progressively heavier workloads with the same degree of ease and save companies a lot of money, time and resources in the process.
Human intervention is only required in case of higher order tasks or decision-making and the machines are intelligent enough to know when to alert the supervisors. This enables organizations to redirect human efforts and creativity towards achieving higher order, creative tasks and initiatives with more immediate impact on the bottom line as the machines take care of the routine tasks.
Significant quality improvement
IoT systems facilitate machine-to-machine (M2M) communication that renders entire business processes and operations more efficient through the streamlining of interconnected processes.
This also helps to significantly reduce the scope of human error and better quality control since there are no variations in a machine’s attention span and attention to detail. IT consulting New Orleans can help your business adopt the right strategy for Internet Of Things IoT in the long run.
Note: This is a guest post.
