IoT – The Internet of Things – synonymous with rapid growth and development, initiatives to connect and automate the world, valued at $35 billion in 2021 and 35 billion IoT devices will be installed worldwide by 2022 – is a digital revolution and is considered the fourth industrial revolution. IoT has been so much ingrained in our day-to-day lives that soon our lives would look like straight out of a science fiction movie. The future which seemed far is now here with application of IoT in our lives and society in general!
- So, why is that business owners are the first to adopt this latest trend in IoT?
Businesses adopt to any new technology to provide a competitive edge, innovation and to create an impact on the customers they interact with.
- Which industry needs IoT the most, rather which was the first one to embrace the change?
Supply chain was one of the first industries to turn “Smart”. And why not, with the huge inventory to be managed and monitored, IoT sensors and devices eliminate the need for human intervention, ensure better management and make logistical and economic sense.
- But what is the benefit the common man derives from these applications of IoT?
Have you used the map app on your phone to reach your destination? Have you heard or used smart lighting, automatic thermostat setting, remote control of your home appliances? Well then, you have experienced IoT in your life, and you have experienced a seamless transition from what was to what is!
- Will this surge in connectivity ease the health sector problems?
The transition to digital healthcare with wearables, constant remote monitoring, access to better healthcare for everyone have all paved the way for better standards of health care services.
- “IoT improves productivity” – how is this achieved?
Automation and real time data analytics – these aid IoT in streamlining operations and detecting red flags well in time to maximize efficiency and reduce downtime.
- The recent times have been testing – work-from-home to home schooling – and it is been tough on all of us. More so for the younger generation. Will IoT come to their rescue?
Remote learning, which was deemed unnecessary has become the norm now. Being the most disrupted sector, education institutions have adopted new age tools to engage students. IoT can bridge the digital divide and enable newer learning methodologies in the future.
- The supreme purpose of today’s technology – sustainability and energy conservation! What role does IoT play?
Digital technologies play a crucial role in reducing the carbon emissions and creating a sustainable lifestyle. Smart metres, smart agriculture, smart devices – all of these implemented across sectors save energy at every step with a futuristic agenda!
Smarter technology helps businesses innovate and create a sustainable framework. A significant leap in IoT will be a game changer and will pave way for many smarter solutions in every field!
