If we see the world happier today, smiling all the time, living in the era of technologies that we once thought about in the future, then that’s the magic of IoT. If you ever wonder about what IoT is? Let me tell you that IoT is that spark of technology that is not very new now, already existing more than a decade back. Still, the way it’s transforming technologies, adding life into them, is more rejuvenating. Thanks to the IoT, our days have gotten smarter with intelligent devices and sensors that were a dream destination for living an exotic life.
Have you ever imagined how the scenario would have been if IoT was not invented in 1999 by Kevin Ashton? Maybe we won’t be living life with so many advancements that we are living today. Where distances matter a lot from one corner of the world to another, it never felt like we are a video call away during their happiest and downtimes when they need us the most to lighten their heart.
What is the Internet of Things?
Internet of Things, a.k.a IoT, describes the network between the physical objects embedded with sensors, software, and other intelligent technologies. If you take an example of the most common thing in daily life, I’m very sure you must be using an android or an ios device for sure, if I’m not wrong.
Now let me ask a few questions, suppose you want to look for the best holiday destination or going for the best dinner date that you go once or twice a month. How do you get the best hotels and restaurants in your city? Either you ask google by typing, or most often, you voice search it and get a very similar result in both cases.
Have you ever imagined how Google does that for you? It uses some algorithms called NLP or natural language processing that collects everything you typed or voice searched, process, and analyze to get you the best and optimum results. It is how NLP is, and a part of IoT works.
Why Is It One of The Standalone Technology of the 21st Century?
The IoT refers to the network of physical devices, automobiles, and home appliances. Those items get used as the conjunction of actuators, electronic sensors, and software to enhance connectivity, data collection, and exchange. The IoT is that technology that constantly creates new opportunities to connect the devices and live life smartly.
In return, this technology controls big data technology, with an enormous boost in the economy, performance, and minimization of human efforts in several things, a new way of living in the 21st century. With the world getting digitalization, technologies like IoT play a prominent role in our daily lives. Today all the devices are interconnected to enhance the performances, give the output accurately and make the world smarter with technology.
The implementation of IoT and intelligent sensors in mobile and smart devices created new evolutions so that machines can communicate effectively with humans and vice-versa. These devices collect the data based on analytics, share the data on the cloud to be easily accessible, and analyze to provide accurate output in minimum time.
5 Real-life Examples of IoT To Prove Its Soaring Demand in 2021
Companies are investing in IoT technologies to provide a seamless user experience to the customers, making the complicated system easy for them to choose and rely on the same process again and again and automate the whole process. Let’sLet’s learn about five real-life examples of IoT technology to prove its surging demand in 2021.
IoT Sensors are either manual or digital depending on the connected circuit board and programmed to measure a range of data and send it to the cloud server for further processing and analysis. The difference between normal sensors and IoT sensors is that IoT sensors are fast-forwarded and advanced where they not only can collect information but send it to multiple devices at the same time, where normal sensors can only collect the information.
The IoT sensors allow seamless control of data through automation, delivering actionable insights for predictive analytics and maintenance, enhanced efficiency, and reduced costs.
IoT Data Analytics
Businesses rely on data analytics on an extensive basis to find new opportunities, make better products, reach out to customers in a better way, and provide them optimized experiences and solutions and retain them for a longer time. For that, data plays a crucial role, and data analytics apps analyze the data into structured, unstructured, and semi-structured data to extract them into meaningful insights.
IoT helps understand different forms of data, including motion datasets, geographic data, banking, and healthcare data, for predictive and descriptive analytics to enhance customers’ experience, operational efficiency, and business ROI.
IoT Tracking and Monitoring Systems
You order so much stuff over Amazon, Flipkart; you choose the best products, add them to the cart and purchase it. The next moment you get your order id and invoice delivered on your mobile inbox and mail, which you can use to track the order, along with the expected delivery date.
How do companies over online do that seamlessly? They use IoT technologies to tell you where your order is and how long it will take to reach you. And is it safe or not before it gets you? IoT simplifies many vast ordinary things for companies who are into this kind of business. With these advantages, so many companies and other domains have started using IoT for various automation processes.
Smart Barcode Readers
Did you remember the last time you went to the retail supermarket? You put almost 10 to 15 items into the basket to bring them back to your home as kitchen stuff, some food items, and other things. You take it towards the billing counter, and the person standing at the counter picks a device and starts scanning the barcode to make the bill for you.
When he finishes doing all, he asks you to pay this much price and say okay. He again asks you in which mode you would like to pay and further asks if UPI is available to make the process seamless and add simplicity to the whole process.
It is how smart barcode readers work with embedded sensors that collect information about the products and display the price. Is it not amazing when we realize the whole process involved in it?
Smart Supply Chain Management
If you run a business, you already know how the demand for certain products rises at certain times and falls for others. You can forecast using time series analysis with improved and intelligent ee algorithms and which type of product can pick more sales. You always have to have stocks in your inventory so that you never upset your loyal customers.
IoT always plays a crucial role in mitigating uncertainty in supply chain management to minimize the variance, reduce costs, and multiply profits. This technology is highly beneficial for inventory management, vendor relationship, fleet management, and schedule maintenance.
In this blog, you learned everything in depth about the five best real-life examples of IoT devices and sensors in 2021. To be honest, we know about them, but we hardly know that they fall into the category of IoT technology. This article is all about filling the loopholes with adequate knowledge about IoT.
You also learn about what IoT is, when it came into the picture, and by whom, along with why it is known as one of the standalone technologies of the 21st century; that has the vast craze in today’s date across the globe.
Palak Airon Data Scientist personnel with over 8 years of professional experience in the IT industry. Competent in Data Science and Digital Marketing. Expertise in professionally researched technical Content Writing.