Internet of things

We know that IOT is undertaking the world by storm. This article talks further in details about how it is impacting our daily lives. The IOT will connect people to cities, patients to health services and will help in bringing real time consumer behaviour closer to companies.

Where is my gift

Consider a scenario. You are taking an app for the Shuttle from your Cyber City office. Your phone combines the data from your and your friend’s calendar and by way of predictive analytics, it could determine the alternate route you might want to take. You get a notification from your smart phone suggesting you to take a detour and stopping at your favorite store to buy the gift for your family member.

From predictive to Prescriptive

IoT devices enable companies to track heat, light and other relevant factors. By integrating this data with say, weather and traffic data, the company can make better decisions because it has a more holistic view that is tied to the business. The Logistics function can also set up rules to govern shipments based on real-time conditions. If the probability of raining is high then it can guide to take alternate route. Companies can not only track the heat, light and various such factors but they can also integrate this data with climatic and traffic data to integrate their supply chain management.

Conserving Biodiversity

It is just not the humans which can benefit from IOT but animals are benefiting also. In Southern Kenya, conservationists have been able to track movements of lions by having collars around lions. The collar connects their movements to GPS and GSM systems thereby tracking their movements and helping protect endangered population.

Replishment

Have you ever thought that your refrigerator can order stuff on its own. Well, anything which goes below a pre-defined limit or below certain threshold, can be self-ordered by the appliance. Your refrigerator can directly link to the ecommerce site and order for milk if it is close to getting finished. The consumable products such as ink cartridges could be capable of self-ordering replacements when the current level falls below a certain threshold.

Have you ever wished you were better informed? Managing entertainment and home appliances by voice commands or by swapping the finger is a reality now. Getting bored by the program you are watching on TV. Just till your smart TV that you want to view your social feed instead. If you are struck in jam, just let your kettle make some tea for you which you can sip piping hot the moment you reach home. Your entire water and energy management can be taken care by automating all the activities.

At Home level, with the help of IOT, we can easily and remotely monitor and manage our home. Our electricity bills and usage of resources can cut down a lot with the help of intelligent gadgets which we can remotely manage. We can remotely switch on and off our devices from anywhere with an internet connection, can also sent automation rules which can enable the gadgets to learn about our preferences and adapt to our behavior.

Your door bell can send an alert to your phone when a courier boy comes with a package. It can even send pictures or provide live feed of visitors to your phone, giving you the option to unlock the door remotely.

Honey I won’t be late!!

Amazon has come out with a physical store in Seattle wherein there is no need for you to stand at the queues for billing. You pick up the groceries you want and just walk out. Amazon can track the items automatically through a combination of computer vision and deep learning technologies. Does that also mean that the pilferage cost in the retail industry which is around 2%-3% can simply vanish!!

courtesy: Economics