Using the Internet of Things to gain a competitive advantage
The Internet of Things is the frontier of the digital revolution. It can help businesses improve productivity, reduce costs, bring new products and services to consumers, and implement new business models. But full implementation of IoT may require extensive integration capabilities and skilled personnel. In addition, it will create new requirements for security and interoperability - the ability of different IT systems and applications to communicate with each other.
What can the Internet of Things do? In a smart factory, for example, the Internet of Things can lead to better inventory management, better manufacturing processes, and faster delivery times. Plant sensors will continuously transmit data at every step of the manufacturing process to provide operators with the information they need to improve the quality of the end product and ensure on-time delivery. It's even possible that a scenario in which the company sends an employee ahead of time to fix the machine before it finally breaks down - whether it's a washing machine or a complex jet engine.
In the past, a washing machine manufacturer was only interested in selling the product, with a small percentage of end-user interests taken into account. At best, the manufacturer could offer a warranty and after-sales service. But now, it is building smart, connected products that can interact with consumers' home systems, receive external data, and push data to its manufacturer's analytics services.
For example, if the washing machine is connected to other gadgets in the house, the Internet of Things can monitor the electrical load of other devices and thus prevent overloading or save electricity. For machines where clothes are only half dried and then hung to dry completely (which is relevant for developing countries), an internet connection can allow automatic settings to be changed depending on weather conditions.
The first step towards the implementation of IoT in a business, is to define a clear and realistic outcome of the process. For example, for a hotel, that goal might be to improve the quality of service, not a product. Recognising guests can be a starting point. Based on the hotel's sensors and the ability to connect to the guest's cell phone, the hotel will know when a particular guest is arriving. This way, the hotel staff can greet the guest by name as soon as they enter the building, providing a more personalised experience. In the medical field, remote diagnosis becomes possible. This would involve receiving relevant patient information such as heart rate, calories burned and blood pressure via the wearable devices, and providing this information to a doctor and then receive an electronic prescription from him to the mobile device. This will lead to faster diagnostics and better management of the healthcare industry, especially if remote diagnostics are performed using real-time data transmitted over long distances.
For the return on investment, take the example of a luxury hotel that has high heating, ventilation, and air conditioning costs. Costs can be reduced by adjusting the air conditioning and heating according to the number of people in a particular area of the hotel - sensors can easily retrieve this data. In an IoT pilot project, it was found that over $ 60,000 per year could be saved in this way.
With the improvement of artificial intelligence (AI), a technology that is currently gaining attention, a fictitious existence appearing in the world of movies and animation, like Doraemon, Terminator and Tetsuwan Atom, will emerge. And in reality, it is getting closer.
This technology, which faithfully reproduces human "gestures, thoughts and actions" by a computer, complements every role as the IoT progresses, improving work efficiency, increasing forecasting accuracy and effective control of machines. You can expect it to create a lot of value.
It is a time when everything is connected to the Internet and communicates with each other. Keep an eye on the evolution of the latest “IoT” technology that exchanges huge amounts of data in a vast global network and brings convenience and convenience to our lives.
What can the Internet of Things do? In a smart factory, for example, the Internet of Things can lead to better inventory management, better manufacturing processes, and faster delivery times. Plant sensors will continuously transmit data at every step of the manufacturing process to provide operators with the information they need to improve the quality of the end product and ensure on-time delivery. It's even possible that a scenario in which the company sends an employee ahead of time to fix the machine before it finally breaks down - whether it's a washing machine or a complex jet engine.
In the past, a washing machine manufacturer was only interested in selling the product, with a small percentage of end-user interests taken into account. At best, the manufacturer could offer a warranty and after-sales service. But now, it is building smart, connected products that can interact with consumers' home systems, receive external data, and push data to its manufacturer's analytics services.
For example, if the washing machine is connected to other gadgets in the house, the Internet of Things can monitor the electrical load of other devices and thus prevent overloading or save electricity. For machines where clothes are only half dried and then hung to dry completely (which is relevant for developing countries), an internet connection can allow automatic settings to be changed depending on weather conditions.
The first step towards the implementation of IoT in a business, is to define a clear and realistic outcome of the process. For example, for a hotel, that goal might be to improve the quality of service, not a product. Recognising guests can be a starting point. Based on the hotel's sensors and the ability to connect to the guest's cell phone, the hotel will know when a particular guest is arriving. This way, the hotel staff can greet the guest by name as soon as they enter the building, providing a more personalised experience. In the medical field, remote diagnosis becomes possible. This would involve receiving relevant patient information such as heart rate, calories burned and blood pressure via the wearable devices, and providing this information to a doctor and then receive an electronic prescription from him to the mobile device. This will lead to faster diagnostics and better management of the healthcare industry, especially if remote diagnostics are performed using real-time data transmitted over long distances.
For the return on investment, take the example of a luxury hotel that has high heating, ventilation, and air conditioning costs. Costs can be reduced by adjusting the air conditioning and heating according to the number of people in a particular area of the hotel - sensors can easily retrieve this data. In an IoT pilot project, it was found that over $ 60,000 per year could be saved in this way.
With the improvement of artificial intelligence (AI), a technology that is currently gaining attention, a fictitious existence appearing in the world of movies and animation, like Doraemon, Terminator and Tetsuwan Atom, will emerge. And in reality, it is getting closer.
This technology, which faithfully reproduces human "gestures, thoughts and actions" by a computer, complements every role as the IoT progresses, improving work efficiency, increasing forecasting accuracy and effective control of machines. You can expect it to create a lot of value.
It is a time when everything is connected to the Internet and communicates with each other. Keep an eye on the evolution of the latest “IoT” technology that exchanges huge amounts of data in a vast global network and brings convenience and convenience to our lives.
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