Role of IoT Application Development in Various Industries

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Role of IoT Application Development in Various
Industries
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The Internet of Things or IoT has evolved
massively in the past few years to such an extent
that every company in diverse industry sectors
has some IoT implementation plan ready for their
business growth. The popularity of IoT devices
can be gauged from the statistics according to
which by 2025, there would be 75 billion IoT
connected devices.   Meanwhile, IoT is the
network of interconnected devices via sensors,
software, etc to facilitate monitoring
management of device behavior. With the
introduction of new and emerging technologies
like Blockchain, AR, VR, etc, backed with IoT
implementation has shown tremendous opportunities
yet to be explored on large scale.
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Lets look IoT Application Development at its
role in various major industry sectors.

• Transport and Logistics
• Health and Fitness
• Manufacturing
• BFSI Sector

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1. Transport and Logistics

• The transportation and logistics industry has to
  face challenges of traffic jams, bad road
  conditions, and hence require a fleet monitoring
  device. With IoT Application Development, retail
  businesses and e-commerce players can keep a
  close eye on the fleet movement, and know the
  status of product delivery. From monitoring to
  the maintenance of fleets, there are a lot of
  possibilities with IoT devices.

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2. Health and Fitness

• In the health and fitness industry, IoT
  application development finds place through
  wearable devices. Fitness device manufacturers
  can partner with an IoT App Development Company
  to develop advanced wearable devices that can
  help in remote diagnosis. Doctors and health
  instructors can track the patients vitals
  collected through app data to deliver proper
  diagnosis assisting in a person's improved health.

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3. Manufacturing

• IoT enabled applications can enable manufacturing
  companies to keep a better track of their
  manufacturing process right from production,
  machine performance monitoring, and supply chain.
  By keeping real-time information, IoT apps and
  devices can help in fast redressal of maintenance
  issues in manufacturing plants.

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4. BFSI Sector

• The BFSI sector can greatly benefit from IoT App
  Development as most banks and insurance companies
  need automated solutions to minimize work and add
  to the convenience of customers. With an IoT
  application developed by a reliable IoT
  Application Development Company, it can play a
  key role in insurance telematics, cash
  collection, and online transaction monitoring.
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Wrapping Up

• IoT implementation has great benefits in all
  major industries. With IoT App Development, firms
  can keep a close eye on their business workflow
  as apps can give real-time analytics and
  information about various aspects in diverse
  industries.
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• Want to know how an IoT enabled solution can
  transform your business? Consult with our IoT
  implementation experts now.

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Source Url-
https//medium.com/_at_elenamia/role-of-iot-applicati
on-development-in-various-industries-4b3f7643eeb2