13 Jun Companies Using IoT Around the Globe
The emergence of the Internet of Things (IoT) revolution. Which technically encompasses almost all electronic devices that are capable of communicating over the internet infrastructure. Has dramatically changed the way of life of millions of people. The technology itself promises convenience in our day to day lives, namely in how we travel, eat, live, and work. However, companies using IoT technologies have also seen dramatic improvements in the way they operate.
Due to the fact that most of the devices that are being used in manufacturing, logistics, and other services are currently now interconnected. More and more companies have now chosen to fully embrace the trend.
Most of us have probably already noticed the minor improvements. Especially in how we live our lives because of the emergence of connected devices. We actually heavily depend on these technologies despite the fact that we really don’t give them much thought. From everyday tasks such as waking up, using our smartphones, opening our laptops, answering our emails. And even getting an Uber, we constantly use the technology without even realizing how much it has improved our lives.
Are the best example of just how interconnected everything has become. Smartphones are currently capable of “sensing” different information from its surrounding. Such as its position in the world and even the ambient temperature in the room. Smart wearable devices can already detect our body’s different signals such as our heart beat and blood pressure.
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Are now able to understand voice commands. The rise of artificial intelligence-powered virtual assistants has also made our lives easier. Most virtual assistants can already do a lot of things for us. Like schedule meetings, reserve seats at restaurants, make grocery lists, and even automatically turn our cars on. Most modern smartphones are already equipped with these advanced assistants. The technology is somewhat still in its infancy, but we are seeing drastic improvement as the years go by.
By utilizing different built in sensors, a typical smartphone is able to collect different data. Which it can then use to communicate with other devices accordingly. In modern smart homes, a smartphone is able to communicate with a smartwatch. Capable of knowing if it’s time to wake up for the owner. The smartphone is also able to command the home’s smart lighting system to turn on.
Can then regulate the different temperatures around the house, which actually save a lot of energy in the process. Modern smart thermostats are able to regulate the temperature of certain areas around the house, that it knows will be occupied at specific times. It is able to determine this base on its owner’s patterns and schedules. Which it “learns” through a process called machine learning.
Have also started to pop up just recently. Companies like LG, GE, and Samsung are investing a lot of money into the technology. These companies have even started to acquire different IoT companies, which have been bought out for unprecedented amounts. Samsung recently acquired a company called Smart Things for $200 million. Google, on the other hand, bought the company Nest for $3.2 billion.
Uses of IoT in Business (Companies Using IoT)
While the Internet of Things does have a lot of applications in our homes and in the way we live. The emerging technology actually also has a lot of practical use when it comes business. The most obvious forms of business that have already taken advantage of this technology are the transport and logistics sectors. As a means of employment, there are currently thousands of people that are in this particular field.
There are also thousands of vehicles that they are able to use. To travel around the country and even around the world to bring goods to different markets. Several companies using IoT technologies have seen dramatic results in their fleet’s efficiency and management. Utilizing the technology has also saved them millions in potential losses caused by unscheduled breakdowns and maintenance. A good example of the use of this technology is the installation of GPS trackers on different trucks and trailers being used to haul goods across the country.
By being able to track these vehicles, companies can properly manage their time tables and delivers with more precision. Refrigeration units fitted with temperature sensors can also transmit their data to a company’s control center to ensure that there won’t be any problems transporting perishable goods. More importantly, modern transport vehicles fitted with on-board computers can inform drivers and operators of possible problems with its engine and other components before they break down.
Delivery and Logistics
Another example of this is the widespread use of automatic tire pressure sensors in delivery vans. The sensors detect a possible leak in the tires, which it then uses to inform the driver to immediately resolve the issue. Data from traffic networks can also be utilized by the different companies to come up with custom routes for their different deliveries to ensure that their deliveries are made on time. The technology is of course not just limited to land-based transport as it actually is now being actively used in ships and planes across the globe.
For instance, a plane that is able to fly on autopilot actually utilizes a number of devices that are constantly in communication with another. GPS satellites, telemetry sensors, and other devices are constantly talking to each other to make sure that the airplane flies automatically without incident.
Another sector that is experiencing leaps and bounds in terms of efficiency improvements is the agricultural sector. Agricultural companies using IoT are experiencing better yields overall through the use of different devices that can communicate with each other using the existing internet infrastructure. Sensors embedded into the soil can identify specific moisture, temperature, and nutrient needs for different crops. This information can then be used by automated water delivery systems to accurate provide the right amount of water and nutrients at the best times.
Crop science is also rapidly evolving as more data from different farms becomes readily available. Keeping track of the health of livestock and other plants has also become increasingly easier. With a multitude of electronic devices now making their way into farms across the globe. Temperature sensors inside breeding farms can now automatically regulate temperatures within the facility to ensure optimal growth for both crops and animals. These are of course just some examples of emerging technologies. But they are expecting that more breakthroughs will materialize in the coming years.
When it comes to customer behavior and buying habits, companies using IoT technologies are seeing their profits go through the roof. Through the use of different devices that monitor user’s online activities and buying habits, advertising and data collection companies can now come up with heat maps and other analytics data that help them increase revenues for other businesses. Most of us have probably noticed how targeted online advertisements have become in the recent years. The main driving force of this is the process of collecting of data as well as the use of it.
Based on the things we click, the posts we like, the things we buy online, and even the search terms we use on search engines, data collecting companies can actually predict the type of products we might want to buy. Through the use of this technology, advertisers can now serve us ads and promotions that are catering to our needs and wants. This is actually advantageous to both consumers and retailers in most cases.
Manufacturing Companies Using IoT
Using IoT technologies have also seen large improvements in the quality and quantity of their products due to the use of different manufacturing devices is able to communicate with operators and other machines. As an example, modern production lines currently use smart manufacturing tools and processes that gather data on each and every product that passes through them.
By utilizing this method, each manufacturing step can be counter checks by other processes down the line ensuring the final products overall quality. By gathering data on each process, companies can also greatly improve and optimize their day to day operations. What this all translates to is improve overall productivity for manufacturers and larger bottom lines for different businesses.
The medical field is currently one of the front runners for the adoption of the Internet of Things technology (IoT technology.) Through the use of smart sensors embedded in wearable tech and other devices, doctors can now properly monitor their patient’s health status. A smart home for instance, could be equipped with a toilet that is able to analyze its user’s urine in real-time. The data, along with other parameters measures by other devices, can then be transmitted to medical professionals for diagnoses.
Tracking down diseases is also now way easier through the use of different data gathering by smart devices. Devices transplanted into the patient’s body, such as smart pacemakers, have also now hit the market. The use of these types of technologies could save the lives of thousands of people worldwide. Smart devices that detect a possible problem can automatically alert medical professions. Which will save precious time and possibly even save lives.
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