Source (http://moneytechsearch.com/dana-carvey-industrial-internet-and-the-internet-of-things/)
Internet Of Things (IOT), this phrase has been in a lot of disussion in the past few years, but there has not been a singular definition on what the term actually means. The Internet of Things (IoT) is the network of physical objects that contain embedded technology to communicate and sense or interact with their internal states or the external environment” (Source: http://www.gartner.com/it-glossary/internet-of-things/). According to Gartner the analyst firm, by 2020 there will be over 26 Billion connected devices. The concept of IOT is not limited to a particular industry, it will be bring about a significant change in all the industries mentioned in the below image as well all the other possibly imaginable industries.
Sensors are used for data collection in various industries and some of the IOT use cases are as follows:
- Marketing & Sales
- Customer understanding – Data collected from the sensors help in understanding the customer usage pattern, which would in turn help in the pricing models.
- Flexible billing & pricing models based on customer understanding
- Manufacturing Industries
- Connected quality/product usage analysis
- Asset tracking
- Real Time Monitoring
- Life Support
- Automated Heating/Cooling Services
- Healthcare Support with remote patient monitoring
- Smart Meters for resources used in the house
- Smart homes with alarms for fire, intrusion & other calamities
- Automotive Sector
- Enhanced vehicle safety
- Reduction of journey times
- Stolen vehicle recovery
- Security
- Monitoring
- Video Surveillance
