IoT Solutions Commonly Used Across Key Industries

IoT (Internet of Things) is a system of computing devices designed to communicate with one another and share data without human interaction. IoT solutions offer matchless opportunities to several industries and businesses to integrate all devices into a common network. These solutions allow sectors and companies to optimize operations, collect more data, and save time and money. Recent statistics reveal that the number of connected IoT devices will reach 25.4 billion worldwide in 2023. 

IoT solutions offer great opportunities, whether a complex tracking system or an individual healthcare industry. They give your business a wealth of information by improving workflows and device performance. You might wonder what IoT solutions are and how they can benefit your company or industry. 

What are IoT Solutions? – A Brief Overview

IoT solutions are integrated bundles of technology that leverage data captured using different IoT devices. IoT solutions integrate multiple sensors to check a broader range of insights. Many industries are using IoT solutions to improve occupant comfort and reduce costs. 

Benefits of IoT Solutions 

IoT solutions make the devices intelligent and capable of transmitting valuable data. They help businesses make smarter decisions, generate deeper insights, and collect more data. IoT solutions can offer the following benefits to your industry:

Popular IoT Solutions

• Asset Tracking

Large industries’ complex supply chains can greatly benefit from Internet of Things (IoT) solutions. These solutions help businesses build digitally enhanced products, leverage asset monitoring and tracking, and optimize their supply chains. 

• Productivity Gains

IoT solutions’ advanced process monitoring capabilities enable businesses to identify ways to boost productivity and efficiency. 

• Reduced Downtime and Waste

You can significantly reduce downtime and operational expenditures by implementing effective IoT solutions. 

• Improved Customer Experience

Implement IoT developments to boost your analytical potential and create new data streams to understand your customers’ expectations. IoT solutions are crucial for reducing customer friction. 

We commonly use IoT Solutions across key industries. 

The better data processing capabilities, connected sensors, and automation features of IoT development have changed businesses’ working styles. Industries prefer using advanced and reliable options to quickly improve customer experience and increase revenue. You need an innovative IoT solutions provider to check which solution can greatly benefit your organization/industry.

Here we have given a few IoT solutions we commonly use to increase the productivity and revenue of several industries. 

Smart Security 

Several enterprises prefer adopting smart security solutions, including the Hospitality and Financial industries. IoT security solutions can deliver a better customer experience and more personalized services. 

Security solutions for IoT, such as audio detection, alert systems, motion detection, and smart video surveillance systems, help financial and hospitality industries get early alerts and identify possible threats on potential events. Moreover, smartphone applications connected with hotel devices and sensors give guests a seamless and secure experience with automated room settings. 

The Financial and Banking industries use smart IoT security solutions such as quick folding gates, light barriers, wedge barriers, laser scanner detectors, and CCTV surveillance to identify potential attacks. They are also using IoT-enabled security measures to get intelligent Perimeter Security. 

Inventory Management 

IoT industry solutions enable industries to manage their workflow and inventory more effectively. Several industries, including Logistics and Transport, are implementing IoT industry solutions for better supply chain management and visibility. IoT devices and sensors do remote stock-taking and track inventory movements for better supply chain visibility.

Supply chain requirements vary significantly. IoT industry solutions such as connected sensors make asset tracking, inventory management, predictive management, and track and trace more holistic and reliable. 

Fingerprint Biometrics 

Fingerprint biometrics is commonly used in several industries where multiple people fill the same role. It is an effective IoT solution for access control and asset management. For instance, IoT solutions are connected to fingerprint-based ATM kiosks, mobile IDs, cash delivery by scanning fingerprints, and a bank’s wallet with fingerprint authentication in a banking institute.

Energy Management 

The ever-increasing price of energy resources has forced industries to find a sustainable and smart way to conserve energy. Smart IoT solutions help companies predict their management needs, achieve energy goals, and increase the reliability of energy assets. 

For example, a smart building management system uses various sensors to collect and analyze data to operate multiple equipment remotely, such as air-quality monitors, HVAC, elevators, lighting, and heating systems. 

Smart Devices & Sensors

IoT healthcare solutions provide many benefits for health management. Accurate interpreting of indicators allows health centers to replace heavy machinery with smaller devices. Smart IoT healthcare solutions such as smart blister packs, syringe pens for treating diabetes mellitus, and inhalers for treating bronchial asthma have made medical treatment much faster and more convenient. 

IoT Solutions: Smart Devices and Sensors

Biosensors 

Biosensors are crucial elements in medical centers, transmitting medical information over a wireless network to web applications. These great IoT solutions enable healthcare providers to monitor patients’ health outside of the walls and control patient treatment more precisely. 

Biosensors help patients measure their blood alcohol level, glucose level, heart rate, and arterial pressure and get emergency notifications if any health issue is detected. 

Machine Learning Applications

Machine learning applications based on IoT development help medical centers extract values from large data amounts, improve patient treatment, and analyze medical records with great accuracy. 

When doctors make decisions, there is often a chance of human error, or the information may look muddy due to the inability to process a lot of data quickly. Intelligent data analytics make the information more accurate by breaking down information asymmetries and adding algorithms. 

Conclusion 

IoT (Internet of Things) solutions offer exclusive benefits to help industries manage workflow more efficiently. Enterprises must implement IoT solutions to achieve a new highlight of success in this competitive business market. 

The two approaches to implementation are choosing to do it yourself, which puts a lot on your plate, such as setting up and training the right team, increased costs, and time to market, or you can work with an IoT solutions company such as [x]cube LABS, which has quality teams with experience working on IoT implementation for global enterprises across multiple industries. The latter will take a lot of overheads off and enable you to quickly reduce costs and release your IoT product.