Today, data analytics, automation, connectivity, and remote monitoring have made great progress and have brought innovations in every sphere of modern civilization.

The digitization in day-to-day human activities has been revolutionized by the Internet of Things (IoT). Based on Gartner’s Forecast database, we can expect that there will be approximately 14 billion devices connected to the internet by 2022. With more devices connected, it will change the way we do business and use resources.

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For example, monitoring the cows on a farm can help farmers obtain health reports and plan more efficient feeding strategies. Also, being able to track the behavior of complex industrial machinery enables organizations to prevent accidents and shorten the downtime for maintenance.

There are many examples of how IoT is facilitating human activities. All kinds of devices can gather and share information from their environment. A world where all things are connected will potentially bring endless opportunities for most human activities.

In this blog, we are going to walk through the impact of IoT on some of these different industries.

Manufacturing

IoT has enabled smart manufacturing that increases safety, improves performance and services as well as reduces time and cost. It has been a driving force behind the industry 4.0 movement. Efficient data collection, enhanced automation, and analytics are all possible with the help of IoT.

With a large variety of IoT devices, manufacturing units are able to leverage their workflow more efficiently and accurately. For example, companies are tracking assets, collecting data, and performing analytics using IoT sensors placed in equipment and devices. These sensors monitor the functioning of equipment to allow automated recovery and to shorten downtime in maintenance. According to statistics by The Atlantic, it is expected that the investment in IoT solutions by international companies will exceed $70 billion (Read more...)