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Just like the internet of things, the industrial IoT covers many use cases,
industries and applications. Initially focusing on the optimization of
operational efficiency and maintenance with an important role for the
convergence of IT and OT, the industrial internet of things has various
opportunities in automation, optimisation, intelligent manufacturing and
smart industries. A critical element will be the evolution of traditional
supply chains towards a connected, smart, and a highly efficient supply
chain ecosystem. The supply chain today is a series of largely discrete,
step taken through marketing, product development, manufacturing and
distribution.
Internet of things is act like in form of smart supply chain globally which
transform are:-
As with new technology, there are various issues and problem that will
need to be addressed as the IoT becomes more integrated into business
and society. The probably the biggest immediate issues in security. But
internet of things managed all the problems in sequenced manner.
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Today, IOT has brought a change in business processes which are cost
optimizing and quality enhancing. Hence, it has become an unavoidable
part of product roadmap for many organizations in different verticals like
retail, healthcare, utilities, transportation, supply chain etc. IOT focus has
been segmented into two broad categories called Consumer IOT (CIOT)
and Industrial IOT (IIOT), the former being more focused on faster
enablement of services and latter towards process optimization. At
present, consumer IOT is exploring more innovative applications than
industrial IOT however the spending levels are inverse as consumer IOT
look to solve a specific use case whereas industrial IOT looks at the
larger picture.
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which tailor fits the insurance plan of any vehicle based on the driving
behaviour. This can help logistics provider to determine right fit of drivers
and thereby maintain seamless quality to the suppliers. Connected cars
and autonomous cars will be evolving with more advanced machine
learning and deep learning cognitive skills. Although, the world’s first
autonomous truck delivery of beers was made by Uber-bought company,
Otto, logistics industries are still waiting for more advancements to avoid
risk. At the last mile delivery, courier services employ cashless
transaction and instant transaction update using mobile POS and
electronic signature capture which enables immediate update in all
ledgers of the supply chain.
The imminent threats that exist among all these different industries is
lack standardization and trust. To bind multiple devices over different
platforms, all the innovations today go for an open source model which
allows them to be future ready. The regulatory and commissioning
bodies are evaluating different options which can suit the requirements
of low power consuming network of devices. So far, NB-IOT (Narrow
band) seems to be pioneering standardization in this field with many
tech-giants adopting its standard, which will allow all the future
innovations to be compatible and regulated over common standards.
The second concern needs a seamless integration between different
participants of the supply chain. Data security stands as one of the key
areas of focus in IOT implementation, as we cannot go blind-folded
when giving our secure credentials over the internet and believing that
no rogue device is communicating to us. Cyber security certifications
and updated norms ascertain the security of the solutions; however to
fool-proof from near-future threats, secure technologies like Blockchain
have started to shape this aspect to a whole new level. The concept of
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blockchain imbibes a tangled chain of transactions which enables any
future transaction to be dependent of past transactions. Therefore, it
ensures that the interactions between the things are genuine and
trustworthy.
While the technology caters to the B2B solutions, it also delves into B2C
solutions too. The technologies used in smart cities are now being used
by companies to create innovative solutions.
According to the World Bank, Indian logistics industry has jumped from
35% to 54% in recent times. Right from tracking consignments to
monitoring theft in real-time, IoT can be a big help to ensure smooth
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working. However, to take this technology to a larger audience, the
academia needs to play a major role. Jatin Talreja, CMD, Riyanix says,
IoT is going to be everywhere. The privacy will be breached in future.
However, there is no choice. It is not only going to help businesses but
also increase efficiency of employees The academia has to restructure
its courses to train workforce that are industry-ready and understand the
technology well.”
Satellite-based IoT
Another area where there is a huge scope is building satellite power with
IoT. Space-based IoT can reach to rural areas. It is cost-effective and
reliable. Agriculture is another sector which will benefit hugely. It can
help in increasing farm production and stop wastage, etc.
Elaborating on this Scott Larsen, CEO, Helios Wire, says, “Our goal is
to democratize IoT and make it available to everyone. Our business
model is to build 30 satellites that will give a boost to this technology.
They are relatively inexpensive.”
Impact of IoT
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2. Traffic monitoring- Its primary purpose being analyzing traffic
patterns and proposing a reroute to drivers to save time.
3. Waste management- Aimed at optimizing waste pick up by
measuring container levels.
4. Security detection- Its objective is to detect the emission of any
radiation or gas or any hazardous element in real time.
If you need help with the Mobility part of your IOT product, You can get
in touch with us here:-
https://recro.io/blog/how-internet-of-things-can-impact-
us/?utm_source=quora&utm_medium=ans-
post&utm_campaign=blog+visit
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