Industries Currently Benefitting from IoT Integration
The IoT continues to grow. Many businesses around the world are already enjoying the many benefits of integration. The Internet of Things has changed the way that companies communicate, collect data and perform a variety of tasks.
Although the IoT can benefit both large corporations and small businesses, there are a few industries that are leading the revolution. Companies in these industries that have not implemented IoT solutions should consider doing so immediately. The following industries have already adopted the IoT into their business practices.
Manufacturing Industry
The IoT benefits the manufacturing industry in a number of ways. IoT integration helps improve productivity, reduce costs, increase efficiency and eliminate downtime. IoT solutions are used by the manufacturing industry to monitor and control inventory. Sensors track when equipment needs maintenance. Proper IoT integration can even predict problems before they occur.
Currently, the largest IoT investments are being made by the manufacturing industry. In addition to monitoring the factory floor, the IoT helps managers learn about their target audience. This allows them to create effective advertisements and improve their products to meet consumer demand.
Transportation Industry
The transportation industry is the second largest IoT user across all industries. Sensors in public transportation and freight help with maintenance scheduling, optimization of fuel consumption and the operation of vehicles for insurance purposes.
Utilities Industry
The utilities industry invests almost as much money into IoT solutions as the transportation industry. Smart grid meters are now being used across the U.S. and in several European countries.
Healthcare Industry
Although the healthcare industry is fourth on the list, it is expected to become the largest investor in IoT solutions over the next few years. IoT solutions commonly used in the healthcare industry range from sharing images and communication between doctors and patients, to monitoring and troubleshooting problems with equipment. Connection to the IoT allows healthcare providers to offer more options and provide better care to their patients.
Oil and Gas Industry
IoT solutions in the oil and gas industry are focused on improving reliability, optimizing operations and creating new value through data collection. IoT integration provides oil and gas companies with valuable information about existing assets, supply chains and consumer needs. This information is crucial for success in this highly competitive industry.
Agriculture Industry/Vertical Farming
The agriculture industry is arguably the most important industry. Farming is crucial every living creature on earth. The agriculture industry uses the IoT to improve the efficiency of everyday tasks. IoT solutions are used to monitor equipment, crops and livestock. When implemented in vertical farming, the IoT significantly improves production output while minimizing cost and preserving resources.
Mint Controls offers IoT solutions for a wide range of industries. Please contact us for more information.