IoT is a term for the kind of technology that makes ordinary physical devices and products digital by connecting them to the Internet. By using sensors, you can collect specific data from a device, and you can use the knowledge gained to optimize the business and create a digital universe around the chosen device or product.
IoT is wide-ranging, and, in principle, all companies can use the technology. You know your industry best and can probably think of several areas where IoT will be able to make a difference. The challenge is not to come up with fun or exciting IoT projects. Rather, it is to ensure that they provide real value for your company in the form of optimized processes, better utilization of resources, and an improved balance sheet.
A very concrete example is the trash can that automatically notifies you when it needs to be emptied. It is the feed trough in the pigsty that automatically notifies you when it needs to be filled up. And it is the alarm system connected to cameras and thermostats that automatically transmits a message when the given product needs attention or service.
It is a technology already exploited in healthcare, in the insurance industry, in transportation, production, and supply. The “Smart Home” is also powered by IoT.
IoT is smart use of data, and regardless of industry, the possibilities are nigh on endless. Only the imagination sets the limits. Examples of IoT use:
Our best advice is to start by looking at your needs and goals. Where are you going? Are there business-critical processes and workflows that can be optimized?
By doing so, you can start your IoT adventure based on your business needs. This ensures coherence with your goals, meaning there is a relevant starting point for the new technology while guaranteeing the employee commitment that is so important for new projects.
Delegate has been appointed Digital Transformation Partner by Microsoft for delivering an IoT solution to a major global transportation organization. The solution contributes to continuous optimization of their ships’ performance through an interactive Microsoft Azure IoT solution using Machine Learning visualized in Microsoft’s analysis tool, Power BI.