The ability of IoT to provide sensor information as well as enable device-to-device communication is driving a broad set of applications. The following are some of the most popular applications and what they do.
Machines can be continuously monitored and analyzed to make sure they are performing within required tolerances. Products can also be monitored in real-time to identify and address quality defects.
Tracking enables businesses to quickly determine asset location. Ring-fencing allows them to make sure that high-value assets are protected from theft and removal.
IoT wearables enable people to better understand their own health and allow physicians to remotely monitor patients. This technology also enables companies to track the health and safety of their employees, which is especially useful for workers employed in hazardous conditions.
One example of this is the use of IoT to increase efficiency and safety in connected logistics for fleet management. Companies can use IoT fleet monitoring to direct trucks, in real-time, to improve efficiency.
An example of this is the use of IoT devices for connected assets to monitor the health of remote machines and trigger service calls for preventive maintenance. The ability to remotely monitor machines is also enabling new product-as-a-service business models, where customers no longer need to buy a product but instead pay for its usage.