FREMONT, CA: The Internet of Things (IoT) technology has changed the lives of consumers for quite a while. Right now, with the increasing use of mobile devices, smart watches, and wearable, IoT projects a trivial idea in the mind of the forthcoming users. However, commercial IoT technology is a different beast to fathom. Commercial IoT devices and technology comes with its own set of opportunities and harnessing such benefits can prove to bring enormous potential into a workforce. The benefits that IoT provides:
Intelligence in the Supply Chain- The duty of a supply chain manager reaches far beyond estimating the arrival time of imported goods and predicting production time for finished goods. However, with the advancement of IoT scanners and sensors technology, companies can oversee and monitor the state of the product in an assembly line. Commercial IoT devices like radio-frequency identification (RFID) tags automatically identify and track the attached objects. The minimal intervention of middle man eliminates the possibility to create a human error hence decreasing the assembly time and the cost of production.
Makes Buildings More Efficient - One of the most appealing things to come out from the integration IoT is the ability to optimize heating, ventilation, and air conditioning (HVAC) without the involvement of owners. The automation is created by analyzing the behavioral data generated from the embedded IoT sensors. Internet-connected companies utilize the data influx infrastructure to create a customized and unique profile for each consumer separately. IoT devices integrated with machine learning (ML) can create a separate set optimal environment for each household, rooms, and floors based on the varied requirements. Constant data controlling and analyzing fields like research & development, laboratories, and agriculture can gain a significant degree with an automated environment manipulating system and also eliminate the time-consuming process of checking unnecessary redundancies by skilled professionals.
Improves Customer Insights - Location beacons and geofencing in retail business yields valuable insights for companies and makes the life of the users easier at the same time. Gathering the generated data can unlock the behavioral patterns of customers in a retail store and also assist storekeeper in making better layouts for improving the profit margins and increase customer satisfaction. IoT devices can also facilitate workplace safety through monitoring safety rules, and regulations are being carried out at systematic progression.