Predictions About the Internet of Things (IoT) and Related Services

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Click to learn more about author Sonal Mehta.

Internet of Things Development

Today, the internet is the largest medium of interaction used by almost everyone in the world. It is used to communicate; share and transfer data, information, and files such as video, audio, and photos; manage various business operations, and so much more. Ever since the internet was developed, organizations have been looking to maximize its potential. The information technology sector as a whole has been trying to develop services that makes the lives of customers more comfortable and one of those ways is through the Internet of Things (IoT).

With changing technology advancements, the process of automating various operations, may it be business operations or tasks to be accomplished at home, have become easier with the IoT. The IoT allows different devices to connect with each other and store various kinds of information for better interoperability. For example, with IoT, manufacturing plants are able to efficiently control robotic devices that are used in production lines. Also, IoT allows devices to interact effectively and provides the ability to exchange information with quality by transferring data at the right time and the right place.

According to Statista, the value of IoT in the healthcare industry is expected to increase to more than USD 2.5 trillion and 30% of the devices used will be IoT-capable by 2025.

The Internet of Things is going to change the road ahead for science and also the lives of everyone worldwide. This article discusses predictions about how IoT is going to benefit the future and change our daily lives.

Industries that IoT Will Influence

Media and Communication

In this sector different kinds of data, information, and files are shared and require transfer on a constant basis to meet the desired outcome or set goals. Such tasks get complicated when handled by traditional methods. This is because traditional methods might delay the process due to wait times in storage or transferring files, data or information via paper documentation.

With IoT, the exchange of information is instant and readily available anytime for transfer. It also structuralizes the procedure of a particular operation to efficiently track and maintain a quality record of the information and data stored about the customer or user. With IoT, the future holds higher potential in the usage of smart glasses and wearables that would provide higher accessibility to information and data. This would enhance the operative task and also reduced the cost in carrying out information exchange.

 Manufacturing 

The Internet of Things is providing manufacturing industries with the ability to operate more flexibly and transfer files as well as communicate important decisions and data remotely. This in turn reduces the cost of employing people and as a reason it also reduces the chances of human error to occur. Building an infrastructure with the support of the Internet of Things allows the manufacturing organization to distribute information more quickly across different departments or organizations.

One of the major operations that would benefit from IoT is monitoring and controlling the manufacturing plant. This will help the industry to handle operations in a smooth and secure manner.

Healthcare

Patients undergo various treatments and take various medications for curing different illness during their lives. Patients might utilize the services of different hospitals and doctors for different reasons depending upon the illness or necessity. In such circumstances, integrating patient data or tracking a patient’s medical history becomes difficult. This is because information of the patient is spread across different departments, hospitals and sometimes even different countries. 

With IoT, different departments, hospitals and doctors can be connected with each other. This approach allows transferring data with accuracy, consistency and also quality. This would change the healthcare industry as we know as the process of operating becomes faster and enhanced with the ability to support and efficiently measure or track tasks. 

Agriculture and Farming

In agriculture and farming one of the biggest challenges faced by farmers is predicting the natural climatic changes and making decisions accordingly. With the help of IoT, IT firms can develop smart climatic sensors. These climatic sensors can predict and provide farmers with information and insights on potential changes in the climate. This will help farmers to make smarter and better decisions. The IoT will also help farmers to track their inventory in real-time to ensure availability of resources.

Education

With IoT, students will have more than one possible way of learning a particular chapter and even particular subject as a whole. It enhances the learning experience by providing connected classrooms, where different technological devices can be connected with each other in order to enhance the interoperability. For example, professors can take attendance of students in a classroom and send the data to central server in real-time, which can be monitored by anywhere, anytime.

With IoT, students have the possibility of learning in more than one way. For example, students can use the smart TV which provides numerous resources and materials from internet in a visual manner. This makes the student understand theoretical knowledge even better.

Hospitality

Hospitality as a whole includes all restaurants and any service providing business. In hospitality, one of the biggest challenges faced by companies is understanding customer behavior. Different customers have different preferences and values, this makes the job harder for the hospitality sector to satisfy and meet requirements of all customers.

With IoT, hospitality-based companies can derive customer behavior from social media accounts of a customer. They can understand the preferences, likes and dislikes of a customer from a customer’s social media activity and provide service accordingly.

Cryptocurrency

In the world of cryptocurrency, IoT makes the trading process much easier and comfortable for the user. With machine to machine automated transaction, users are able to transact without having to make trade payments in an open market. But, with machine to machine transaction incorporated with internet of things, users can make payments, transaction and also track these transactions in real-time. This enhances the transparency, security and privacy of the cryptocurrency trading.

Predicting Benefits of IoT from a Different Perspective

Smart products enhance customer experience

The Internet of Things will change the way we interact with various devices and platforms. The chances of our daily life routines to change for the better are high with IoT. Various smart products are developed to support and increase the functionality of the required operations with higher accessibility and automation with the help of IoT.

Some of the smart products are amazon’s Alexa, Google’s smart glasses, smart watches, smart TV’s, etc.

Smarter decisions lead to smarter operations in a business organization

With Internet of Things, a business organization will be able to integrate different departments and centralize different suppliers and vendors together. This will help the business organization to track orders placed in real-time and also allows them to make comprehensive management decisions.

Comprehensive decision making is possible with IoT as they automatically update the server or system with new data and every information exchanged in real-time.

Conclusion: Predicting the future with IoT will help to grab potential opportunities

With the world becoming more automated, every business organization and industry is also moving towards automation and a more digital operating platform. In the future, IoT will transform the way we handle any operation and also transform the way we will experience a service. It is important today to realize the importance of the Internet of Things because it may help you in ways you’ve never imagined. 

Image used under license from Shutterstock.com

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