The future belongs to the Internet of Things - these are smart devices that collect, analyze information, and adjust their settings without human intervention. Management of production, ecology, transport, and the operation of urban systems using the Internet of Things can make life and work more comfortable and safe.
Advanced networks of things connected to the Internet and interacting with each other and with the environment enhances industry and everyday life. These are, for example, health trackers, home protection, security systems, video surveillance cameras, digital assistants, insurance telematics. One of the main advantages of the Internet of Things is its autonomy and the absence of human intervention.
According to a study by IoT Analytics
, in 2020, the highest level of introduction of IoT technology emerged in transportation, energy, retail, city life management, healthcare, and manufacturing.
In the power industry, the Internet of Things improves the controllability of substations and transmission lines through remote monitoring.
In healthcare, IoT allows you to move to a new level of diagnosis of diseases - smart devices monitor the patient's health indicators.
In agriculture, smart farms and greenhouses doze fertilizer and water for fields. Smart animal trackers report holders about the location of animals and their health.
In transportation, IoT solutions
include telematics and smart fleet management, where the vehicle connects to a local operating system for monitoring and diagnostics. Statista
expects that $ 740 billion will be funded in the advancement of IoT for cars by 2025.
In urban environments, IoT solutions automate lighting and reduce costs by up to 30-50%. Smart IoT sensors record and transmit data to management companies. It relieves city dwellers from the need to verify and send data on energy consumption.
In logistics, IoT reduces the cost of transportation and minimizes the impact of the human factor. Smart supply chains
will deliver the goods safely in the shortest possible time. IoT systems can also monitor trash cans fill and optimize waste collection costs based on this data.
The Internet of Things is implemented by the oil and gas and mining industries. In particular, the application of in-depth analytics on boreholes increases production from already depleted fields.
In retail, IoT enables brands and merchants to optimize costs and improve customer experience through digital signage, customer interaction tracking, inventory management, and smart vending machines. The market is expected to grow from $ 14.5 billion in 2020 to $ 35.5 billion by 2025, according to ResearchAndMarkets
According to IDC forecasts
, there will be 55.7 billion connected devices in the world by 2025. Cybercriminals will continue to attack them because the IoT system is a fast enough way to distribute malware. Consumers, businesses, and entire cities will increasingly use smart technology to save time and money.
Of course, not all use cases and technology additions emerge at the same rate and are suitable for all industries, applications, organizations, and their use cases and corresponding purpose.
However, many of the IoT use cases are launched, both as individual products and as complete ecosystem use cases. The world is on the path to smart cities and more comfortable and secure life.
The McKinsey Global Institute
has calculated that new crime prevention technologies can reduce crime in the city by 30-40%. Intelligent traffic management will help residents save 15 to 30 minutes daily on commuting. Reducing traffic congestion will reduce greenhouse gas emissions. Utility IoT sensors and green home building technologies can reduce water consumption by 25–80 liters per person per day.
The advantages of digitization are the agility and accuracy of decision-making. Big data analysis
allows you to make informed decisions, for example, to place infrastructure objects exactly where people are most often and most need them. The demand for high-tech solutions
is becoming an additional driver for business development.