Internetof

Thingsby

Mobiloitte

What is IoT ?Internet of thing (IoT) is basically connecting a network of physical objects that can be anything-cellphone,washing machine,wearable devices,vehicles etc. which will be embedded with electronics,software,sensors that enables the objects to collect and exchange data within themselves.

What is Internet of Things ?❖ Internet of Things (IoT) is a concept of connecting a network of physical

objects that can be anything-cellphone like washing machine, wearable devices, vehicles etc. The devices are embedded with electronics, software and sensors that enables the object to collect and exchange data within themselves, process it and give meaningful results.

❖ IoT is creating connection between: people-people, people-things and things-things.

❖ Researchers predict that by 2020, there will be 26 billion connected devices.

Implementation of IoT for Businesses

With endless possibilities to make automation smarter with machines, IoT is playing trends-changing role in major business verticals. How? Lets check the implementation in varied business verticals below:

❖ Logistics & TrackingLogistics is one of the verticals where IoT can deliver real-life solutions in accuracy of data capturing and automating the processes. It eliminates the issue of misplaced / lost / delayed parcels in remote areas during deliveries. With IoT, the management is able to track position of the goods and has complete data of the movements, delays, causes of delay, and lot more. The sensors on moving cargos, individual items being shipped, warehouse etc. communicates smartly to track packages’ pin-point status.

❖ Machine & Infrastructure MaintenanceIoT can be implemented for machines and infrastructure by placing sensors on them, such as rail tracks, manufacturing machineries etc., to monitor their health. The sensors will help detect issues by capturing any malfunctioning and immediately send signals to the central device for component failure. It will help detect threat and avoiding situations that can cause serious problems.

❖ GPS Data AggregationGPS data collection proves as one of the most useful asset for IoT devices and algorithms for capturing geo-accurate information. It helps to get accuracy in demographic data, weather data, infrastructure data, pictorial data, and many other types. With GPS data aggregated with IoT technology, businesses are empowered with automated processes to show meaningful information and reach the right users.

❖ Inventory Management by MachineWith the implementation of IoT inventory management systems, re-stocking has become easier for retail, manufacturing, wholesale and other similar businesses. IoT empowers automated monitoring on store inventory, keep track of items sold, and sends alert in system whenever specific items fall below their reorder levels, helping businesses maintain the supply. The implementation helps generate report of sales, graphical trends for analysis and lot more.

❖ Web Data for MarketingIoT can be a powerful tool for businesses to track on-web behavior of their customers, on-website navigation patterns, where visitors are coming from or going to from your website, what types of devices your visitors are using, and other relevant data for a more complete picture. The combination of transactional and IoT data enriches marketing analyses and forecasts that can be processed to increase online goal conversions.

❖ Contract ManagementInstead of developing Contracts via traditional paperwork, which cost a lot and also conserves a lot time, with IoT technology contracts can be created electronically from start to finish in an automated fashion as soon as the deals are finalized. As a result company gets following benefits; no scanning costs, illegible faxes, lesser resources, real-time documentation, automatic routing, no administrative assistants, no hard-copy documentation, accurate tracking, and lot more. It saves processing time as well as resources and adds value to the company processes.

❖ Document ManagementDocument management has always been a big headache for every business. IoT brings in solutions to automate documentation with machines interacting with each other to maintain data ranging from purchase order, order processing, budget approval, and different stages resulting in perfect paperwork. IoT implementation allows businesses to maintain a huge sum of data hasslefree. With the help of IoT, document automation work is done from end to end with a paperless workflow which saves times and there is zero occurrence of any mistake.

Some examples of Process Automation

❖ Insurance & Financial Risk Analysis DatabaseIoT brings in matchless time saving solution for insurance and finance sector replacing the laborious work of database building and analysis with automation and smart analytics. With the automated database IoT cuts short the task leveraging big data as well as traditional records smartly. Some other examples for same in other verticals include: life sciences research, weather and climate research, etc.

❖ HR OnboardingFor reducing the workload on HR, IoT provides real-time and accurate solutions for data/updates management and circulation. Job listings and applications are electronic, meaning HR employees and prospective applicants enjoy a streamlined, paperless experience. Cover letters and resumes are uploaded to an electronic form, which is routed to the recruiter once submitted. As the application moves through the process, emails are sent automatically to managers for approval, and lot more.

❖ Sensor-Based Tracking & AlertsBusiness are leveraging sensor powered IoT technology and networks to propel business automation. For examples, the placement of sensors on cargo-bearing containers and parcels to track container movements, delay, issue alerts when container seals are broken, delivery reports, or when the temperature and humidity environmental conditions malfunction.

How IoT can be Leveraged in different Industries?

IoT brings infinite opportunities for business and possibilities for making new amenities for consumer. Some of the way by which IoT can be leveraged in different verticals are as follows:-

❖ IoT in TelecommunicationsIoT can help telecom leaders perform real-time sensor-based monitoring, diagnostics, and better maintenance of signal towers/assets. With M2M IoT sensors the telcos will be able to the problem as soon as it arises and rectify those with less efforts in quicker time frame. Using big data generated by IoT, service providers can improve quality of service and decrease operational costs.

❖ IoT in HealthcareRapid growth of IoT is helping healthcare industry transform dramatically by lowering costs and improving quality. With the implementations, it empowers medical personnel to collect patients’ data for diagnostics, and evaluate for treatment remotely. IoT with release auto notification to the concerned staff of patient for medication time or when a test is due. Likewise patients also receives text messages on their phone to remind their scheduled appointments and lot more.

❖ IoT in Retail & LogisticsIoT has got great scope for Retail stores and supermarkets. Almost 10% of investment in IoT was made by retail business in 2013. The implementation helps retail business lure customers with offers on products of their interest, track inventory, automated customer check-outs, anti-theft system, sales analytics and reduction of administrative overheads.

❖ IoT for Smart Cities as Govt. InitiativeThere has been a lot of initiative taken by the govt for smart governance, which seems to come true with IoT. The technology enables highly advanced urban ecosystems that use varied sensors to collect information and communicate, automating the processes and making a city more livable, sustainable, and responsive to urban challenges. It is helping improve the quality of city life, better disaster management, pollution control, traffic management, waste management, water management and many other essentials.As per researchers with IoT implementation, a smart city saves energy by 20%, reduce water consumption by 50%, crime by 20%, traffic controlled by 30% and cut education costs by $3 a month and healthcare by $3 a month.”

Integration of IoT with Mobile Apps

IoT is a great invention when it comes to automation and accuracy of data. When integrated with mobile devices if forms a deadly combination. The implementation allow sensors to communicate with mobile apps and vise-versa allowing remote controlling, remote booting, auto installation, remote auto-calibration and lot more. Let's see how:

❖ Track your Activity LevelsUsing smartphones’ range of sensors (Accelerometer, Gyro, Video, Proximity, Compass, GPS, etc.) and connectivity options (Cellular, WiFi, Bluetooth, NFC, etc.) we carry a well equipped Internet of Things device in pocket that can automatically monitor movements, location, and workouts throughout the day.

❖ Heat your Home EfficientlySmart thermostats uses sensors, real-time weather forecasts, and the actual activity in home during the day/night to reduce monthly energy usage by up to 30%, keeping home more comfortable, and offering to save money on utility bills from mobile apps.

❖ Rack Down the Lost ObjectsYou can easily track down lost keys or cell phone in your house using other Bluetooth or wireless technology devices with IoT and Mobile apps.

❖ Light your Home in New WaysMobile apps enables with IoT allows you to operate multi-functional lights to control electricity usage like automatically turn off lights when no one is in rooms, adjust lights for functions, or secure home while all are away by turning lights on and off.

❖ Avoid DisastersUsing a IoT sensors one can track on their mobile devices if a water pipe has burst in basement, if there is motion inside home while all are away, and have sensors automatically send them a notification by email or text message during any malfunctioning.

❖ Share your FindingsIoT allows recording, mapping, and sharing health & environmental data on smartphones. It empower user to get real-world measurements including sound levels, temperature, humidity, carbon monoxide (CO), nitrogen dioxide (NO2) and lot more..

Thank you

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