Internet Of Things

IOT

The IoT connects things to networks. Analytics solutions can then capture the data transmitted by those things and turn it into actionable insights. Those insights can help public and private-sector organizations trim costs, add revenue, and increase productivity. The value to businesses like yours can be tremendous. A recent study by IDC forecasts 28 billion sensors will be in use globally by 2020, providing $1.7 trillion in economic value.

Here are some examples of IoT solutions in business, utilities and government:

• Manufacturers can use sensors in factory or office equipment, delivery vehicles, and consumer products to send alerts about potential problems, reducing maintenance costs and avoiding equipment failures and downtime.

• Hotels and amusement parks can give guests wristbands with sensors that they can use to check in, buy meals, and enter attractions like spas, tennis courts, and rides. All customer activity is tracked and analysed to inform decisions on staffing, stocking, marketing, and new investment.

• Government agencies can use IoT solutions to keep track of assets―from vehicles to equipment, food, uniforms, and gasoline.

• Retail stores and restaurants can use IoT solutions to push out savings coupons to consumers walking nearby.

• Smart metering is changing the energy and utilities marketplace. Driven by regulation requirements, millions of residential electricity, gas, water, and heat meters are becoming “smart.” They can be monitored, controlled and managed in near real-time, providing many benefits to utilities and their customers. At the same time, utilities are considering the entire meter-to-cash process as a communications challenge.