IoT provides a foundation to build smart, connected devices that enable a detailed understanding of how your assets, processes, business and customers operate. The applications of IoT are versatile—practically every business model and industry can earn substantial benefits with the right approach.
For example, retailers can use IoT for smart ordering to prevent waste and overstock. They can use shopper analytics to optimize store layouts for better sales or send notifications through the app to users near a store location.
Telecoms can remotely monitor equipment and predict maintenance to prevent technical issues or unexpected downtime for customers who depend on their communication services.
Logistics companies can keep track of their fleet, inventory and personnel to improve efficiency and reduce loss of goods due to late deliveries.
Healthcare devices that incorporate IoT technology can help patients and their providers monitor chronic conditions in real time, so patients live with more independence and less worry.
Energy companies can accelerate efficiency and sustainability with IoT initiatives that connect every “thing", from hydroelectric turbines to wind farms and water meters. Sensor-embedded infrastructure enables them to detect changes in equipment in real time to prevent outages, make workplaces safer and avoid rework.
Utilities can monitor energy consumption in real time and distribute energy or other products where they’re needed, when they’re needed, to enhance smart grid initiative and reduce outages.
Manufacturers can enhance process efficiency, reduce downtime and gain insights into equipment performance based on sensor data from connected equipment.
These examples are just scratching the surface of the ways organizations across industries can leverage the benefits of IoT insights.