What is IoT?
IoT
is simply an arrangement of interconnected devices that transfers the data over
a network without the need for either human-to-computer or human-to-human
interaction.
The thing in the IoT can be
anything from a car with sensors in its tires that sends the signal to the
driver that the tire pressure is low to a human being with remote patient
monitoring. In simple terms, it can also be said that IoT solutions is giving little intelligence
to things to reduce human effort.
How does IoT work?
The things are provided with
Unique Identifiers that transfer data over networks. The IoT devices are internet-connected
devices that have implanted systems that gather and send data. Some devices are
designed to not just gather and send but also act on the data they gathered.
The gathered data is transferred to the cloud to be inspected by connecting to
an IoT Gateway. Many of these are designed in such a manner that they
communicate automatically with other related devices to share the necessary
data. The IoT was designed to remove the need for Human Involvement as much as
possible, although if needed, Humans can interact without any trouble. IoT also
uses Machine Learning and AI in many cases to make the data gathering process
much more convenient and active.
Importance of IoT Solutions:
IoT software acts like a personal assistant
that reduces your effort, improves efficiency and productivity, and helps you
gain complete control over your life. IoT cuts down huge chunks of labor costs
and wastes. It enhances service delivery and offers better transparency.
Normally, without IoT, all of these services together would take quite a heavy
toll on your wallet but with IoT, you're all over expense reduces by a
significant percentage. Not only does IoT make your daily life smarter, but also
it has a great positive impact on your business as well.
Let’s
take a look at how IoT makes Homes smarter and Businesses better.
How does IoT make your Homes Smarter?
By
2025, 10% of homes all around the globe will be smart. This implies just how
much the impact of IoT is rising and how quickly people are adapting and
accepting it into their daily lives. Many IoT devices make a home smart. From
remote-controlled and sensor lights to door locks and video doorbells, you can
customize and maintain your house however you want. For example, you can
connect your CCTV camera with your smartphone and see what’s going on in your
house in your absence. You can have smart conditioning in your house so that AC
automatically turns on on a hot day and sets its temperature accordingly. These
are just some of the many brilliant possibilities that IoT offers.
Below are some key features of IoT making your Home Smarter?
1. Control and Comfort
As
mentioned earlier, IoT gives you momentous control over your life. Your fridge
will tell you when the vegetables will go bad and when to add bread to your
shopping list. Smart heating will turn on during a harsh winter day
guaranteeing your comfort.
2. Expense Reduction and Energy Conservation
How
many times has it been when you accidentally left the lights turned on? Plenty
of times right. This bulks up on your electricity bill later. Automatic sensor
lights shut down automatically when no one’s around. This reduces your Energy
Consumption and hence cuts down the costs.
3. Reduced Responsibilities
The
addition of smart assistants such as Alexa to your homes can result in reduced
responsibilities. They take care of most of the hefty stuff that you most often
forget about. This means even with a busy schedule, all of your responsibilities
are taken care of such as when the bills are due and when the RO servicing is
scheduled.
4. Enhanced Security
Your
smart door locks and video doorbells will give you info about everyone visiting
your home. Hence, you improve the security of yourself and your loved
ones.
How is the Business World advancing with IoT?
IoT
in the business world allows room for improved efficiency, better control, and
reduced costs. The monitored data allows the companies to make better decisions
and improve customer experience. Although, adopting IoT in your firm can be a
quite challenging task. Knowing which IoT tools would benefit your business and
which might affect it in a bad way is important. Since IoT devices are
generally many interrelated devices, if not used correctly, you risk your
security as anyone who hacks one of your IoT devices can hack all of them. So
using IoT carefully in a business becomes crucial.
Below
are some points that IoT is making Businesses better:
1. Enhanced Customer Experience
IoT
takes the data from the customer feedback and that data, in turn, helps the
companies to alter the things that would make their customer experience much
better. There are IoT systems that monitor the analytics of your business and
how the customer is responding to your business. They collect the data in every
scenario and then compare the statistics of when your business got a better
result. All these insights help you to strengthen your customer experience game
a lot. When you win your customer’s trust, you automatically make them loyal
for life.
2. Expenditure Reduction
Many
complicated procedures take place in a business that usually takes hours, days,
and even months. This is because all of them are primarily performed by humans.
IoT machines and as we all know, machines are much faster at processing than
humans. And so when you give your machine some intelligence on how to process,
it can reduce your processing time from hours to mere seconds. And as we all
say, time is money. When you cut downtime, the cost is automatically cut down.
When most of the procedures are done by machines and systems, you also cut down
your labor costs.
3. Reduced Waste and Enhanced Efficiency
Reducing
your waste is a key factor in improving your efficiency. For example during the
supply chain, when the product is being delivered, a lot of boxes or products
get lost and missing. If there was a way to track each box or product, you
would have its location at all times and thus you would eliminate the wastage.
This is exactly what IoT does. With an IoT device, you can have the location of
your product at all times. Other factors that may increase efficiency can be
motion-tracking systems. If you can design your workplace in such a manner that
you’re in your most relaxed space, it will most definitely increase your
productivity. This is how Ford has been using the IoT to track its workers'
motions. They have designed their workstations to be less physically stressful
and thus they get more productivity.
These
are just some of the many ways IoT can transform your business model and help
you get more successful. But as mentioned earlier, you need to have a good
understanding of how it works to be safe from cybercrimes. At Xpecto, we have a
team of people especially trained and experienced with everything related to
IoT. Contact us and know how IoT can enhance your business.
