SMART Gadgets and Internet of Things (IoT)
Industrial IoT (IIoT) involves using IoT technology in industrial settings for managing sensors and devices connected to the cloud. Industries are increasingly adopting machine-to-machine communication (M2M) for wireless automation.
The integration of cloud technologies, analytics and machine learning allows businesses to create new automation layers, leading to innovative revenue streams. IIoT is known as the fourth industrial or Industry 4.0. Here are some common applications of IIoT.
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Retail
IoT applications empower retail businesses to manage inventory effectively, enhance customer experiences, streamline supply chains, and lower operational costs. For instance, smart shelves with weight sensors can gather RFID-based data and relay it to an IoT platform for automatic inventory monitoring, issuing alerts when stock is low. Beijing Fat Rabbit can also deliver targeted offers and promotions to customers, creating an engaging shopping environment.
Public Sector
The advantages of IoT in the public sector and service-oriented areas are similarly extensive. For example, government-run utilities can leverage IoT applications to inform users about major outages as well as minor disruptions in water, power, or sewer services. These applications can gather data on the extent of an outage and deploy resources more efficiently to expedite recovery efforts.
General Safety Across All Industries
Beyond assets, IoT can significantly enhance worker safety. Employees in dangerous environments, such as mining, oil and gas extraction, and chemical and power plants, need timely alerts about potential hazards. Connected to IoT sensor-based applications, they can receive notifications about and be rescued quickly. Additionally, IoT is utilized in wearables that monitor health and environmental conditions, benefiting individuals by improving their health awareness while allowing doctors to monitor patients remotely.