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How IoT Is Driving Growth For Various Industry Verticals

How IoT Is Driving Growth For Various Industry Verticals

The Internet of Things is a disruptive technology that has touched the human existence in every possible way. The IoT brings together devices and sensors to facilitate data exchange between them. With seamless connectivity and data exchange, these “things” form a mesh that is capable of intelligent interaction. The biggest impact of the revolutionary technology has been visible in the form of home automation. In addition to changing the way we live, it has influenced the way we work too. The technology is seeing rapid adoption across diverse industry verticals.

Let us see the way IoT is driving growth for various industry verticals.

Agriculture: The IoT uses smart sensors to connect farm equipment, livestock, fields, and agriculturists. These sensors gather usable data related to the crop, soil, weather, and more and enable the farmer to make data-driven decisions for better yield. IoT facilitates remote monitoring of soil, crop, and livestock as well as enables the farmer to automate field operations.

Manufacturing: The manufacturing industry is experiencing the IoT revolution today as equipment, processes, and employees have never been connected in such a seamless manner. The industry avails unmatched benefits such as process automation, enhanced efficiency, reduced costs, and predictive maintenance with this technology. A majority of manufacturing units are investing in smart sensors and wearable device apps to increase the productivity of equipment and workforce.

Healthcare: Another segment that is witnessing the positive impact of this innovative technology is healthcare. It has raised the standards of patient care manifold as patients can access remote medical assistance through smart mobile applications. Healthcare providers, on the other hand, have the advantage of a connected workforce, equipment, and inventory to keep track of them and gauge their productivity.

Retail: The Internet of Things has a far-reaching influence on the retail industry too, the technology has manifested itself in the form of beacon applications in this vertical. These apps connect with in-store beacons to deliver personalised notifications to the consumer. In this way, the technology serves a great customer experience to retail buyers. Additionally, it enables the seller to track the assets, manage inventory, and prevent theft and shoplifting.

Automotive: The adoption of the Internet of Things has been the biggest game-changer for the automotive industry. The concept of smart cars has been translated into reality with the technology. These smart vehicles are the future of the industry as they would be delivering comfort, speed, and safety like never before.

Energy: The IoT has changed everything about the energy sector too as it has enabled the energy management systems to conserve energy. Smart meters are being employed to monitor the consumer’s usage. The data collected by these meters can be used for predicting demand, spotting outages, and predictive maintenance.

Besides these industries, others like logistics, hospitality, field service, banking, sports, and construction are also availing the positive influence of the futuristic technology. Therefore, it is important for all the industries to embrace the technology with open arms.

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