Ian Lloyd- IOT Update

We’re going to be living in a world where there are more IoT connected devices than humans. These IoT connected devices and machines range from wearables like smartwatches to RFID inventory tracking chips. connected devices communicate via networks or cloud-based platforms connected to the Internet of Things. The real-time insights gleaned from this IoT collected data fuel digital transformation. IoT promises many positive changes for health and safety, business operations, industrial performance, and global environmental and humanitarian issues.

Retail IoT unites data, analytics and marketing processes across locations. Retailers capture IoT data from in-store and digital channels and apply analytics (including artificial intelligence, or AI) for real-time, contextual listening and to understand behavior patterns and preferences. They often use IoT connected devices like RFID inventory tracking chips, 4G and Wi-Fi systems, beacons and smart shelves in their IoT strategy.

Manufacturing is another vertical where IoT connects all phases of the Industrial Internet of Things (IIoT) process – from supply chain to delivery – for a cohesive view of production, process and product data. Advanced IoT sensors in factory machines or smart warehouse pallets , along with  big data analytics and predictive modeling, can prevent defects and downtime, maximise equipment performance, cut warranty costs, boost production yield and enhance the customer experience. Even healthcare IoT technology captures data streaming in real time from the Internet of Medical Things (IoMT) – such as wearables and other medical connected devices that monitor exercise, sleep and other health habits. This IoT data enables precise diagnoses and treatment plans, improves patient safety and outcomes, and streamlines care delivery.

The energy sector is benefiting from IoT & helps providers deliver reliable, fair-priced services and products. IoT connected devices and machines predict problems before they occur. Distributed grid resources like solar and wind are integrated through IoT. And behavior data – such as that collected from smart homes – improves convenience and security, and informs development of customised services.

Transport and logistics were early adopters of IoT with geofence-enabled location intelligence and AI, deployed across the value chain, can deliver greater efficiency and reliability for transportation and logistics companies. This technology can improve service quality, reduce downtime and boost customer satisfaction. It can also enhance safety and reduce costs by managing, tracking and monitoring connected vehicles, freight and other mobile assets in real time.