Real World Application of Internet of Things Across 7 Super-Domains

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Real World Application of Internet of Things
Across 7 Super-Domains
The Internet of Things (IoT) has evolved from
simply being a connectivity strategy to an
extensive business transformation strategy. It is
gradually opening new opportunities for industry
leaders to create new products and services,
which had previously been thought of as
impossible. In the previous article, we saw the
four maturity stages of IoT namely Data
Generation and Ingestion, First Analytics, Deep
Learning and Autonomous Decision Making. This IoT
maturity journey has accelerated the pace of
sustainable business growth including increased
profitability of enterprise leaders. Enterprise
Leaders have recently come to terms with the
importance of Internet of Things for their
companies. According to McKinsey Company
report 92 of them believe that IoT will help
them improve products and operations by
2020. This is the ultimate turning point in
ensuring that IoT technology grows -up to create
truly seamless, connected experiences. The
diverse set of industries utilizing IoT
technology are all usually at different stages
of maturity. Some are in the infant stage
focusing on
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ensuring everything is connected or integrated.
Meanwhile, others are focused on developing a
more integrated business model for their business
operations.
Here, we share leading real-world applications of
IOT across 7 super-domains to understand how IoT
is impacting businesses and transforming lives

• Smart Homes
• Smart Home is the advanced IoT driven facility
  ruling across the globe. IoT powers the smart
  home by adding new features and capabilities to
  smart devices. Consumers are fascinated by
  seeing the potential of the smart home for their
  convenience, safety and time saving.
• According to a Statista report, the global smart
  home market is predicted to reach 53 billion
  U.S. dollars by 2022.
• The boundaries between industry leaders are
  blurring as the investm ent in smart home
• technology is growing. The increased need for
  connected assets, security systems, room
  control, energy management, and light control
  have led to widespread adoption of Smart Homes
  and IoT technologies.
• Wearables
• Wearables adoption is growing at a faster pace.
  We have several wearable products such as
  fitness tracking brands, GPS tracking belts,
  smart clothing etc. These devices are
  continuously evolving to offer more compact and
  energy efficient offerings with time.
• For an instance, Health and fitness-oriented
  wearables offer biometric measurements such as
  heart rate, perspiration levels, and oxygen
  levels in the bloodstream.
• According to Forbes, it is estimated that 411
  million wearables will be sold in 2020. This
  consumer-oriented side of the IoT technology will
  certainly impart an exceptional value to our
  lives.
• Smart Cities
• IoT-enabled smart cities have the range of use
  cases in multiple areas. From smart lighting and
  smart parking to connected public transport and
  waste management IoTs have led to reduced costs
  of energy, help to build healthier environment,
  improvise traffic management, enhance public
  safety and optimize street lighting.
• It is expected that the global market for Smart
  City solutions and services will grow to
• 88.7 billion by 2025 - Navigant Research.

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• Cygnet has helped cities get smarter in the UK
  and Australia by delivering a bespoke IoT based
  solution to a leading UK based ISV focused on
  delivering intelligent and
• deeply integrated Track and Public Transportation
  solutions to the government bodies and private
  transport operators. These smart solutions have
  been tailored as per the
• requirements of Track Managers, Emergency
  Planners and the Travelling Public which
• empowers them to model, monitor and control the
  public transportation management system. They
  have their systems running li ve across various
  counties in UK and Australia.
• The IoT evolution in cities helps to thwart urban
  crime, mitigate traffic congestion, prevent
  environmental deterioration and avoid sanitation
  problems. It can even make day-to-day living
  more secure and comfortable leading to innovative
  solutions and better standard of life for the
  city residents.
• Smart Grids
• The Internet of Things smart grid solutions serve
  todays energy demands. They have come up with a
  practical solution to balance out the increasing
  complexity of the energy distribution networks
  and achieve real-time visibility into the
  consumption process.
• Internet-connected sensors and smart back-end
  systems can provide real-time information to
  create more efficient, and responsive systems.
• For an instance Using IoT applications, meters
  and substations can be connected virtually to
  each other, as well as connect to company
  vehicles and employee devices. Such connectivity
  will create realized efficiencies.
• According to Forbes, energy companies are turning
  to IoT to monitor asset performance (45),
  enhance their customers experience (43) and
  boost overall efficiency (40) . To comply with
  advanced production processes, energy sectors are
  progressively collaborating IoT technologies
  with their smart grid ecosystem.
• Industrial IOT (IIoT)
• Industrial Internet of Things is empowering
  industries with advanced sensors, software
  systems and programed resources to create
  futuristic infrastructure. IIoT uses big data
  analytics to communicate with industrial data and
  provide more consistent and accurate results.
  This allows companies to effectively deal with
  process inefficiencies a nd detect problems at
  the earliest to leverage productivity.

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As per Business Insider there will be 220 million
connected cars on the road by 2020. From
automobile manufacturers to software vendors,
everyone is excited about the connected cars
phenomenon. A connected car can manage its
operations itself based on the pre-stored inputs
and sensors. Cars equipped with camera, sensors
and mobile connectivity, can share a nd receive
data using the cloud. There are endless
possibilities with that data. From location
tracking, providing in-car content and services,
GPS based navigations to fleet management and
driver assistance, automotive IoT completely
transforms the autom obile industry. 7. Smart
Supply Chain The IoT technology offers a
practical approach to take supply chain
management to the next level. The logistics and
transportation industry have started leveraging
comprehensive IOT solution to manage goods from
anywhe re, at any time, on a global
scale. Right from the manufacturing plant to the
point of consumption, IoT sensors give a clear
picture of how the product is being treated on a
journey to the store or the customer via entire
logistics network. By 2020, Discrete
Manufacturing, Transportation Logistics and
Utilities industries are projected to spend 40B
each on IoT platforms, systems, and services. -
Statista Logistic providers can achieve a
superior level of operational efficiency,
transparency, and streamlined processes
regarding fleet management, automated warehousing
operations and cargo integrity monitoring. The
IoT field is dynamic. Organizations need to pick
up pace and must move forward to keep up with
competitors who are ahead in terms of their IoT
implementation. To start your IoT implementation
journey, get in touch with our IoT experts at
Cygnet Infotech on 1-609-245-0971 or
inquiry_at_cygnetinfotech.com