Google Glass failed to entice consumers but has found a home within healthcare and other industries
The ability to connect the unconnected and smarten up dumb terminals with innovation in Internet of Things (IoT) and Machine to Machine (M2M) communication technologies has transformed organizations driven by automation and information. The immense potential of these IoT applications has instigated a paradigm shift across industries of all sizes and verticals in the way they operate and deliver value. Advancements in cloud technologies transmitting and interpreting the data coming from M2M connected IoT devices presents unprecedented opportunities to analyze the insightful business information in real-time. The resulting information insights enable intelligent decision-making that does not have to rely on limited human experiences. Organizations further leverage industrial automation control systems to eliminate manual intervention for effective execution of these decisions.
Availability of rare medical supplies can save lives. IoT applications ensure just-in-time replenishment of consumable items in healthcare institutions with remote monitoring of system parameters through cloud networks. For example, when a rare medicine compound is out of stock, the IoT monitoring system would promptly alert the concerned personnel to authorize inventory orders. Similarly, a connected MRI machine can raise a flag when its helium levels are depleting so that a field engineer can address the issue before the machine shuts down and patients have to reschedule.
Internally embedded medical devices and wearable gadgets allow users to monitor their health information in real-time and receive medication, and follow the best diet and exercise plan for a healthy living. These devices have radically improved fitness, healthcare, medical outcomes and the quality of life.
Through the ages, with or without technology, food taste and service quality have served as the primary value propositions for successful restaurants. Just as the online review site Yelp has changed the way business interact with marketing, emerging IoT products are helping restauranters gain deeper insights into their customers and into their businesses. Temperature monitoring systems using wireless data loggers and IoT software monitor environment quality parameters for restaurateurs and commercial food suppliers to hit the sweet spot with storage and preparation, maintaining superior taste and food safety. Sansaire and other IoT companies are reinventing food preparation with new products that not only improve the approachability of these techniques, such as the sous vide method of cooking, but have also dramatically decreased the cost of such technologies.
Gone are the days when mining labor forcefully compromised their lives to dig valuable minerals from deep pits and ore mines. IoT applications have dramatically improved workplace safety with sensors continuously monitoring carbon monoxide levels and connected with air pumping machines for fresh air ventilation. The industry is also thriving with the ability to monitor volumes of fluid stored in tanks for improved control and costing on tank reserves in stationary or moving positions. Integrating connected machines and sensors with organization-wide Enterprise Resource Planning (ERP) systems further optimize mine operations such as Ore-grade sensing, logistics and quality monitoring, and fleet operations monitoring among other capabilities to dig better business value from every minerals ore.
The automotive industry is the microcosm of IoT. The market value of connected vehicle technology is expected to reach $270 billion by the year 2020 with 90 percent of the cars offering built-in connectivity. The intelligent safety applications of IoT in cars include Vehicle-to-Vehicle (V2V) communication to exchange information such as speed and position between nearby cars and Vehicle-to-Infrastructure (V2X) communication to exchange information with traffic control systems to help avoid traffic congestion and road accidents. Integrating vehicle IoT applications with smartphones has also added to consumer convenience by replacing manual tasks such as starting the car, unlocking doors and turning on the AC, among others, with seamless few clicks on the smartphone touch screen. GPS tracking and mobility further enhance vehicle security and save time on finding the quickest and low-traffic route to the destination.
IoT applications have instigated a new industrial revolution that’s forcing manufacturing companies to adapt to the change or risk falling behind the intense, technology-driven market competition. Smart technologies have increased visibility and coordination in the supply chain for integrated business planning and execution. Connected products are facilitating information-driven decisions based on real-time updates on all manufacturing operations. The manufacturing industry vertical is leading IoT adoption figures with the resulting increase in manufacturing efficiencies, business profitability and workforce safety.
The software engineering marvel behind connected dumb-terminals presents a unique combination of smart, yet cost-effective and reliable IoT applications integrating siloed business operations and automating mundane manual processes. These capabilities will continue to attract business interest over the long term as IoT matures well beyond the perceived industry hype of yesteryears.
IoT is having a huge impact in Healthcare, Food Service, Mining, Automotive and Manufacturing industries. As sensors and software solutions from companies like Omni m2m become increasingly affordable and available, their impact will continue to proliferate amongst these areas of business and far beyond.