Internet technology has advanced to a platform where industries have utilized it as their backbone for effective collaboration. The progress of internet technology has progressed to a level where connecting different devices has become possible through the use of frequency and firmware. It is a blueprint that birthed the concept of the Internet of Things (IoT).
The advancement of IoT has further improved and is now considered vital to the progress of different sectors, such as 'energy, manufacturing, supply chain analytics and connected vehicles.' (Source: Network World)
According to a report by CIO, connected technology gives a competitive advantage for companies in terms of the intersection where people, data, and intelligent machines converge. It is considered as a transformative force in the business, on par with industrial automation. The US Government Accountability Office (GAO) recently identified the sectors that are maximising the use of IoT to its current potential. The industries are:
IoT is perfect in the energy since it can be used to enable communication of smart energy grids and its user, thus helping in reducing costs and carbon footprint and, at the same time, saving energy. Having a device to use as a ‘controller’ for smart energy grids will definitely help in optimising energy and knowing the best conditions to harness energy.
Whether the building is residential or commercial, both will definitely benefit from technology. IoT devices have the function to connect with different devices, meaning devices can be controlled using a firmware controller. Examples of devices that can be controlled are 'smart heating systems, refrigerators, connected security cameras, and lighting.' (Source: Network World)
Connected modes of transportation make it efficient in its ability to sense, analyse, and think of the next move using the information it collected from the environment. This means that vehicles can now identify traffic routes, avoid accidents or dangerous places thanks to traffic nodes strategically located in major exchange routes.
The given industries are pushing IoT to its full extent and are seeing its end benefits. IoT also adds convenience to the end users through data insights derived from data harnessed from machines.
Because of IoT, platforms such as an energy management system, enables real time data collection and visualisation through constantly communicating devices that operate in a given frequency. For the end-users, the main benefit is to assess energy efficiency for each connected appliance and the system as a whole.