The internet of things (IoT) is a catch-all term for a growing number of electronic devices that aren’t traditional computing devices but are linked to the internet to send data, receive instructions or both. The Internet of Things (IoT) is a network of physical objects—”things”—embedded with sensors, software, and other technologies to connect and exchange data with other devices and systems over the internet without requiring human-to-human or human-to-computer interaction.
The term IIoT stands for Industrial Internet of Things. The use of smart sensors and actuators to improve manufacturing and industrial processes is known as the industrial internet of things (IIoT). The industrial internet of things (IIoT) is the expansion and application of the internet of things (IoT) in industrial sector.
Manufacturers can gain a competitive advantage by enabling proactive maintenance of equipment when sensors detect an impending failure. Sensors can detect when production output is compromised. Manufacturers can quickly check equipment for the accuracy or remove it from production until it is repaired with the help of sensor alerts. This enables businesses to reduce operating costs, improve uptime, and improve asset performance management.
The use of IoT applications has the potential to provide significant benefits to the automotive industry. Sensors can detect impending equipment failure in vehicles already on the road and alert the driver with details and recommendations, in addition to the benefits of applying IoT to production lines. Automotive manufacturers and suppliers can learn more about how to keep cars running and car owners informed thanks to aggregated information gathered by IoT-based applications.
A wide range of IoT applications benefits transportation and logistics systems. Thanks to IoT sensor data, fleets of cars, trucks, ships, and trains carrying inventory can be rerouted based on weather, vehicle availability, or driver availability. The inventory itself could be outfitted with sensors for track-and-trace and temperature monitoring. Food and beverage, flower, and pharmaceutical industries frequently carry temperature-sensitive inventory that would benefit greatly from IoT monitoring applications that send alerts when temperatures rise or fall to a level that threatens the product.
Retail companies can use IoT applications to manage inventory, improve customer experience, optimize the supply chain, and cut operational costs. Smart shelves equipped with weight sensors, for example, can collect RFID-based information and send it to an IoT platform to automatically monitor inventory and send alerts when items are running low. To provide an engaging experience, beacons can push targeted offers and promotions to customers.
The advantages of IoT in the public sector and other service-related environments are also numerous. Government-owned utilities, for example, can use IoT-based applications to notify users of mass outages and even minor interruptions in water, power, or sewer services. IoT applications can collect data about the scope of an outage and deploy resources to assist utilities in recovering from outages more quickly.
The healthcare industry benefits greatly from IoT asset monitoring. Doctors, nurses, and orderlies frequently require precise location information for patient-assistance assets such as wheelchairs. When a hospital's wheelchairs are outfitted with IoT sensors, they can be tracked from the IoT asset-monitoring application, allowing anyone looking for one to find the nearest available wheelchair quickly. Many hospital assets can be tracked in this manner to ensure proper usage and financial accounting for physical assets in each department.