The Internet of Things (IoT) has gained huge traction in the past couple of years and this sophisticated technology has been adopted largely across several industries and for several use cases. Nowadays, almost every electronic device is connected and home appliances are furnished with IoT sensors. Of late, Oracle India has mentioned that low-cost computing amalgamated with mobile technology, big data, analytics and cloud helps collate and share accurate data devoid of any human interferences.
A survey report by Ericsson has also revealed that in 2020, there were around 1 billion cellular IoT connections and the company has also predicted around 5 billion cellular IoT connections towards the end of 2025. Technology is gaining huge popularity because every industry now utilizes data and technology to transform their business. Moreover, direct and indirect incentives are also disbursed by the government for using IoT.
Now, when we speak about industrial automation, machines, and robots, which are IoT enabled, can be configured to carry out tedious and repetitive tasks, which needs consistency and perfection. As the manufacturing technologies have become largely sophisticated, machines can be interconnected to do more work efficiently.
On the other hand, managing a large fleet of vehicles becomes very intricate, but with the help of IoT, the fleet supervisors can easily monitor vehicle’s maintenance as well as monitor the chauffeurs too. Then location tracking is also an imperative aspect. IoT powered tags and collars can assist individuals in monitoring locations of their luggages, pets, and other valuable properties. In fact, when it comes to gathering accurate data and information seamlessly from distribution centers and warehouses, IoT plays a vital role. Vendors can manage cozy places by optimizing stocking levels and help effectively optimize space to keep packages systematically. The inventory costs are reduced with this technology and perk-up predictive maintenance.
These days, IoT is also playing an important role in public transportation. It helps in monitoring vehicle location, engine status, and traffic density, implementing real-time security surveillance, offering passengers Wi-Fi, implementing automated passenger ticketing and digital signage in buses, trains and stations to improve routing, efficiency, reducing repair & maintenance cost.
The Swedish firm Ericsson has also recently stated that broadbands, which are IoT powered, have the potential of mobile broadband connectivity and provide higher data rates and lower latencies. Broadband IoT are generally used in areas such as advanced wearables, ground and aerial vehicles, and VR/AR products.