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Pinetech > IoT > How Businesses Discover New Opportunities with IoT

How Businesses Discover New Opportunities with IoT

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Requirements of peoples have evolved beyond the basic essentials of food, shelter and clothing. A huge number of devices are developed to make our lives better and simpler. The use of devices around us has increased rapidly and made life easy. We do not want to wait in queues to pay toll taxes or utility bills. We can monitor our health status, track our assets and vehicle movements from a single device.
As technology evolves, IoT services will change the way we live, work and do business. There are numerous IoT companies in Kerala. IoT is a combination of hardware, like sensors, connectors and gateways, and application software in a single system.
IoT with this huge invasion of Internet of Things (IoT) devices, businesses must grow to the challenge to satisfy the demands of consumers who are connecting everything from lightbulbs to toasters to the Internet, and businesses who are also connecting their smart equipment and machinery.
How IoT Helps Businesses across Different Industries?

IoT tech is supporting businesses collect and analyze more data for an excellent customer experience. Here are some examples of how IoT is improving different sectors:

1. Industrial production and manufacturing

The sector of manufacturing has seen a huge change that IoT and automation has brought in. Smart sensors grow productivity and decreases downtime by providing the following solutions:

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    Autonomous production units

    IoT-powered industrial robots lowers losses caused by carelessness of humans. Robots do not need rest and can work 24/7. They boost production output and also support manufacturers lower the cost of operations.

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    Predictive maintenance

    IoT sensors analyze equipment health round-the-clock. Data collected through IoT assists to create periodic maintenance schedules that have less impact on the continuation of production lines.

    The data also lets operators discover maintenance requirements well in advance. IoT sensors predict possiblities of equipment failure for optimized maintenance schedules. These predictive forecasts lowers the effect a breakdown has on active production hours.

2. Healthcare

For patient monitoring and preventive healthcare, hospitals and doctors nowadays are using IoT. IoT can be used to make decisions during the diagnostic and treatment cycles through:

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    Remote health monitoring

    IoT services can track critical health data like heart rate, blood sugar level, blood pressure, etc. Doctors get thorough informations about a patient’s well-being through devices equipped with smart sensors.

    Healthcare workers utilizes this technology to monitor patients in real-time.

3. Supply chain and logistics

Supply chain and logistics are always capital-intensive industries with lots of bottlenecks. Customers need dependability and businesses are always expected to be more transparent. IoT assists businesses attain both goals through:

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    Better tracking systems

    Customers always want to know everything about their parcels right from the minute they place an order. IoT-based services offer detailed insights about the parcel’s environment to satisfy and engage shoppers.

    Suppliers and shippers can provide better customer service and quick dispute resolution.

    While supplying high-value goods, perishables, or temperature-sensitive products like vaccines, IoT sensors are invaluable, giving critical details on factors such as humidity, temperature, etc.

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    On-demand pickup and delivery

    Convenience is buyer’s favorite, especially when it solves a raging pain point. Smart pick-up points increase the logistics and delivery operations for the e-commerce sector. For instance, companies can utilize a network of IoT-connected smart lockers to supply products. Smart lockers are connected to the internet and inform shoppers when a package is arrived.

4. Agriculture

Agriculture, in recent years has seen a rise of interconnected solutions that allows farmers to be in better control of their environment.

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    Autonomous farming equipment

    Gathering soil temperature, moisture level, air temperature, and wind speed give farmers actionable information.

Select the accurate IoT solutions for your business

All industries will need the power of the latest technologies to easily resolve complicated issues and provide simpler solutions. From tracking the flow of people and traffic density to managing changes in office temperature, crop moisture levels or critical signs of patients, solutions are required to manage over multiple data points. Choosing the wrong components, software or network technology can make IoT projects less likely to be successful, more expensive, and difficult to monitor and sell.

With careful strategy and planning, adoption of IoT services can result in huge benefits for businesses by taking advantage of quick processing, storage and recovery of data.