Trending

Here’s Why over 60% of Enterprises Use IOT Solutions

January 19, 2018

The Internet of Things has certainly made day-to-day life more convenient for the average person.

However, consumers are by no means the only ones to benefit from this technology. Businesses in nearly any industry can use IoT solutions to collect data, streamline operations, and better serve their customers. That’s why, according to this recent study, more than 60 percent of enterprises have already made investments in IoT solutions.

It doesn’t matter what field you work in; taking advantage of IoT development will yield substantial benefits. The following examples illustrate how organizations have already implemented this technology to transform how they do business.

Improving product lines

The ability to monitor crop conditions is essential to success in the agriculture industry. That’s why John Deere, manufacturer of tractor equipment, is now offering farmers IoT device management technology designed to address this very vital need.

For example, when planting new seeds, farmers must account for how soft or hard the soil is to determine how much pressure they must exert for maximum crop yield. John Deere now offers sensors that measure the amount of pressure being exerted on a seed, relaying this information to farmers so they can make any necessary adjustments. These sensors are connected to remote planters, so farmers can make adjustments even when they’re performing other tasks in other sections of the field.

This example actually demonstrates how businesses in two separate industries make use of internet of things development. Agriculture equipment companies can design more effective products, while farmers themselves can use them to work more efficiently.

IoT solutions - cityscape

Reducing shipping costs

Maintaining a vehicle fleet can be expensive. Vehicle breakdowns and accidents often result in unanticipated costs.

Saia LTL Freight, an international truck manufacturer, turned to IoT programming to reduce these expenses for customers. Today, the company’s  trucks are equipped with IoT devices that constantly monitor vehicle conditions.

These sensors can alert drivers and dispatchers to fuel efficiency problems, maintenance needs, and safety issues. This means companies can make repairs before breakdowns or accidents occur, resulting in major long-term savings.

Making life easier for customers

A key feature of many internet of things applications is the ability to “communicate” with other devices to facilitate a wide range of tasks. For example, “smart thermostats” connect to mobile phones, so users can adjust them from any location.

Citigroup is applying this principle to ATMs by providing an ATM that doesn’t require customers to have their debit card to make withdrawals. The customer simply schedules a withdrawal via their smartphone, then arrives at the ATM at the scheduled time. The ATM then scans a code on the customer’s phone to confirm their identity. Such ATMs may also be able to confirm a person’s identity by scanning their iris.

These are merely three examples of enterprises using IoT development to their advantage. The most important lesson to learn from them is simple: The benefits IoT solutions are not restricted to a few industries.With IoT programming, you can design higher-quality products, monitor customer behavior, and improve your overall efficiency.

Please leave this field empty.

Thanks

Thank You

Welcome to the YML family!