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Uses of Internet of Things (IoT)

Posted on Friday, July 3, 2020 and filed under

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Internet of Things (IoT) technology has been gaining a lot of momentum lately. It has a myriad of application in several sectors. Keep reading to find out about some of the real world uses of this popular technology.

Claiming Insurance

Internet of Things (IoT) has brought out a major revolution in the conventional insurance business model. Connected devices can not only collect data about policy expenditures but also predict when an accident might happen. After this prognosis, the devices can immediately warn owners via actions or notifications. As a case to point, the smart thermostat called Nest Thermostat makes the lights in a home flash to warn customers of a crisis. This has led to a more customer-oriented approach to insurance that prioritizes prevention over cure.

Internet of Things Retail Shops

One of the best applications of the IoT technology is bridging the gap between an online and a retail store. The e-commerce store, Amazon Go is a prime example of this application. You are not required to carry any cash. The retail store deducts the money directly from your Amazon wallet. It also puts items in your cart in real time as you pick the products from the shelves in the stores. If you change your mind and select another product, the previous item in the cart that you selected is deleted and is replaced with the new product. The cherry on the top is that there no cashier present to bill the products that you purchase. You do not have to go through the hassle of standing in long queues and can simply exit the store after picking up your products from the shelves.

Integration of IoT in retail stores will become very much prevalent in the coming years.

Smart Supply Chain Network

Supply chains around the world have already been getting smarter for the last couple of years. This involves providing smart solutions to problems such as aiding suppliers exchange inventory information and tracking of merchandise while it is on the road or in transit. Courtesy to an IoT integrated system, factory equipment that features embedded sensors convey data about various parameters such as temperature, pressure, and performance of the machine/ equipment. The Internet of Things system is also able to change equipment settings and process workflow to further optimize the overall performance.

IoT Connected HealthCare

Internet of Things has numerous applications in the world of healthcare. These run the gamut from remote monitoring medical equipment to smart sensors in healthcare facilities. IoT has massive potential to enhance how doctors deliver care and keep patients healthy and safe.

Healthcare Internet of Things can also allow the patients to spend more time engaging with the doctors, which boosts patient satisfaction. From surgical robots to cutting edge fitness sensors, the integration of IoT in healthcare brings sophisticated tools updated with cutting edge technology .These tools go a long way in helping to develop superior healthcare.

There is no denying that IoT is a big stride towards the development of healthcare .It also provides economical solutions for both the healthcare doctors and patients alike.

Final Word

These are just some of the countless real world uses/applications of the Internet of Things technology. As the number of IoT enabled devices goes up, so will the number of businesses taking benefit from this technology.