The Internet of Things, or IoT, basically refers to products and devices that are connected via a network. Examples of IoT programming include smart thermostats you can program remotely, smartwatches that can send information to a computer, and essentially any type of smart TV.

In other words, it’s clear to see why the market for Internet of Things development is growing. Customers embrace any products that bring more convenience to their lives. You could benefit by studying emerging IoT solutions and trends. Understand what the IoT device management is capable of, and you may get ideas for products customers will love.

The following examples illustrate just some of the ways IoT development is making life easier for consumers. Review them, and consider how they might apply to your industry.

Insurance is using IoT solutions to make rate adjustments

Insurance providers typically reward customers for making safe choices. If a customer seems unlikely to file a claim, the provider may lower their rates.

That’s why experts believe IoT solutions are very likely to play a major role in the insurance sector within the next few years.

Imagine if a car came equipped with technology that monitored your driving habits, sending that information back to your insurance company. They’ll see that you make a point of driving safely, adjusting your rate accordingly.

This concept isn’t simply restricted to auto insurance. It’s also applicable to homeowners insurance.

Again, IoT programming can connect several devices over a network. Thus, there will likely come a day when homeowners can install locks, security systems, and other safety features in their homes, all of which share information. If you take steps to protect your house, the IoT device management system will send the relevant data to your insurance provider, potentially resulting in lower payments.

This isn’t mere speculation. Companies are already making products that leverage Internet of Things development to serve this very purpose.

Smart refrigerators are bringing IoT development into the home

Often, creating a valuable product is as simple as leveraging technology to enhance an existing one.

That’s the principle behind Samsung’s new smart refrigerator. Using IoT programming, it offers key benefits other refrigerators can’t.

Internet of Things applications

For instance, thanks to embedded cameras, users can view the contents of the refrigerator whenever they want via a mobile app. That’s a very useful feature to have when grocery shopping. Instead of guessing whether you already have an item you need, you can simply bring up the app and check.

That said, the smart refrigerator may make grocery shopping a thing of the past anyway. That’s because it also allows users to order groceries directly from it when they run out of certain items.

Internet of Things applications offer supply chain solutions

An efficient supply chain is key to any organization’s success.

Luckily, IoT solutions can help companies optimize their supply chains. For example, thanks to the IoT, it will soon be possible to install sensors on products in shipment, allowing you to monitor their condition and intercept any damaged goods before they reach a store shelf or a customer’s front door.

This Internet of Things application can also boost brand loyalty. As trends like the free-range movement indicate, many consumers are interested in knowing where certain products come from. Allowing them to track an item through the supply chain improves transparency and offers unique branding opportunities.

Where Internet of Things development is going

Again, these are merely a few developing IoT programming trends. Experts also predict that Internet of Things applications will expand to more voice-activated products in the near future, marketers will use data from IoT devices to learn more about customers, and “smart homes” will become increasingly commonplace.

By partnering with IoT developers now, you can take advantage of this tech revolution, developing products that offer true value to your customers. Releasing products that rely on Internet of Things development isn’t just a simple way to stand out among the competition; it’s a way to prove your brand is always taking steps to offer customers the best possible service.