The Internet of Things can be applied to things like transportation networks, for example “Smart Cities,” to help reduce waste and improve efficiency in various different areas such as energy usage. With this in mind we can change all aspects of our lives and have a better understanding of how we work and live.
Imagine being able to model real-time vehicles and traffic in a city, including people, buildings, and smart infrastructure.
There are clear benefits that are outlined below:
Improvement in design by analysing massive amounts of operating data
Greater visibility and safety by extending what the driver is aware of, such as blind spots
Preventative technology to identify problems before they affect people
Fundamentally it’s about maximizing awareness, optimizing revenue and improving efficiency and productivity!
The automotive industry is experiencing one of its most significant transformations since the introduction of Henry Ford’s automated assembly line.
By 2020, 90% of cars are expected to feature build-in connectivity – up from just 10% today – with an estimated 210 million connected cars hitting the road over the next few years.
Watch the video below to discover more:
How could this affect business?
What will be the affect on businesses?
94% of companies believe the Internet of Things will impact global markets over the next three years.
Watch the video below to find out how:
The Internet of Things digitizes our world, providing us with prolific amounts of data and new delivery models that allow business to engage in new value creation.
The internet of Things therefore provides a transformative business opportunity by unlocking new revenue from existing products and services, inspiring new working practises or processes and creating new business models and strategies. In short, the Internet of Things gives businesses access to product usage they’ve never had before.
Disney World's MagicBand is a great example of IoT and big data working together. The MagicBand is a wearable, sensor-laden, wristband that customers use to do everything from check into their hotel room, buy lunch, access turnstiles at the amusement parks, and reserve spaces for attractions.
Customers use the band to 'check in' at certain points, tapping it against a receiver, and it tracks visitor movements throughout the park. Disney can use this data to accommodate more guests, staff rides and attractions appropriately, and ensure suitable stock levels at shops and restaurants with high footfall.
How does this help me?
Question: Which of the following do you not think cannot be currently managed using the Internet of Things?
The reality is that anything that can be fitted with a sensor can be controlled by the Internet of Things but there is a focus on electrical, household devices and vehicles at present. Some of the key examples can be found by clicking on the image below:
Imagine the data from your washing machine was monitored by the manufacturer which would allow them to detect abnormalities, and diagnose the problem before you become aware of it, and even order relevant parts in advance. By the time you notice a problem, the part will be in stock, and an engineer scheduled to come out to fix the problem.
Fridge and Kettle
Imagine if your fridge could recognise you have run out of milk and could make sure your phone notifies you to pick some up when you are near a supermarket. What if your alarm clock was linked to the kettle, so the water was boiled ready for when you wake up?
What if your connected car could send a message to your boss informing him you will be late for work when you hit traffic?
What if your printer was running low of ink, so automatically ordered more ready for when it runs out?
What if your lights could be set to come on before you got home and switch off automatically at night?
What if your thermostat could be set to switch on your hot water supply in time for your morning shower?
Taking it to the next level
Imagine if the shelves of the store could connect to the supply chain to say if it is running low on a certain product and make sure more are ordered before the consumers are affected.
What if buildings could send information to the building manager to tell them how much electricity it is using, and can even send suggestions for how to reduce it! For example, through the use of sensors it could turn off lights in areas which are unused, or connect to the weather station and on bright sunny days the lights are dimmed in the areas which are the most exposed to sunlight.
How about aeroplanes that could connect to weather stations to help predict turbulence and bad weather.
These are just some examples of how your world could be changed by the Internet of Things. With the Internet of Things the opportunities are endless!