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Most successful IoT application areas

Most successful IoT application areas

According to IDC, there will be 30 billion connected devices on the planet by 2020, with the IoT market volume growing up to $1.46 trillion. Currently, the world is applying more sensors than mobile phones. So, what sectors do apply IoT technologies most of all?

Some statistics

IDC has conducted a survey showing that 73% of enterprises have been already using IoT technologies or working on their integration. The Internet of Things is most frequently and actively applied in manufacturing, high technologies, finances, logistics, healthcare, as well as housing and public services.

The IoT industry in Russia is evolving a bit slower than in Europe and the USA, but it has a huge potential. iKS-Consulting and Orange Business Services have calculated that Russia allocates expenses for the Internet of Things in the following way:

  • transport (13.1billion RUB);
  • manufacturing(3.6billionRUB);
  • real property(2.1billion RUB).

Key advantages of IoT solutions:

  • reduction of time costs;
  • money savings;
  • optimization of industrial and business processes;
  • automation.

The application of IoT also provides transparency and efficiency of production and enhances labor productivity.

IoT in manufacturing

The Internet of Things is successfully used in light and heavy industries. This technology speeds up and optimizes production, as well as makes it safer. Automated processes allow to involve fewer people. It is especially important in dangerous and rough conditions. The USA and Germany apply IoT technologies most actively: 15% of German companies utilize Industry 4.0 solutions.

How does it work? For example, LoRaWAN networks help in the oil extracting industry and gas production. IoT solutions based on LoRaWAN allow to monitor a condition of sea shelf platforms remote from the shore and mobile communication. Continuous monitoring using sensors, which data are processed in a single center, helps to avoid idle hours leading to losses of several millions of dollars per day.

Internet of Things in agriculture

According to Goldman Sachs research, IoT technologies in agriculture can increase the global capacity by 70% by 2050. Innovative solutions allow to receive data on any agricultural object and rapidly process them. It will enhance the efficiency and crop productivity.

For instance, German and Spanish vineyards are equipped with special sensors recording the most significant criteria: humidity, solar activity, and soil constitution. They prevent plant diseases as well as determine the time of fertilization and harvesting. The USA, Canada, India, and China are also extensively integrate IoT solutions.

The Internet of Things allows to use drones in geological exploration, irrigate soil using them, chip animals, and control their movements. The global and Russian agricultural sectors utilize unmanned tractors that can reap the harvest around the clock, reducing the period of harvesting campaign.

IoT in healthcare

Due to the Internet of Things, the healthcare sector can carry out complete physical examination, efficiently analyze information, provide doctors and patients with an access to data, and remotely control patients’ condition. The MarketResearch study shows that this market will grow up to $117 billion by 2020.

Philips has developed a device for patients suffering from chronic obstructive pulmonary disease. It helps to monitor and rapidly deliver information about the oxygen level, breathing stability, and other factors to their doctors. Technologies are used in the same way to control and diagnose other diseases (for instance, smart insulin sensors).

IoT and daily routine

The Internet of Things is the basis for smart homes where sensors and equipment are united into a single system. It makes a house safe, optimizes daily life, and allows to control household processes remotely. The focus on consumers’ comfort makes smart homes one of the most popular IoT systems among common users.

Such smart assistants as Google Home and Amazon Echo have also gained widespread use in the world. Besides, it refers to AI-based dynamic speakers performing voice instructions.

Municipal matters and IoT

Schools, traffic network, as well as housing and public utilities can become a single smart system based on the Internet of Things. IoT solutions improve humanliving standards, simplify relationship between the authorities and citizens, help to collect meter data, control traffic jams, and warn of calamities.

Japan has been applying the earthquake alert system for twenty years. High-sensitive sensors are installed along base fault lines: they record seismic activity, send data to cloud servers, while the system immediately informs citizens using the network.

Russian examples include Yandex.Navigator widely used in the CIS countries. The system creates a network of drivers’ portable devices, collects, and analyzes information about a road situation. Moreover, the Russian Federation has designed a smart solution called Platon for the automatic collection of heavyweight charges.

Conclusion

Organizations applying IoT solutions have already obtained a substantial competitive advantage over others: speed, savings, process optimization, and better efficiency. According to expert forecasts, investments in the Internet of Things will reach $6 trillion in coming four years, with public authorities and major corporations becoming its primary users.

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