5 Cool IoT Apps to Find Inspiration for Your Next App
From home automation to supply chain management, four key steps here is where IoT is headed.
24 billion devices installed by 2020.
$6 trillion invested over the next 5 years.
$13 trillion in ROI generated by 2025.
The predictions make it pretty clear: the Internet of Things will take off really soon. In an attempt to stay ahead of the curve, businesses across a number of domains are already investing heavily in IoT initiatives.
Indeed, there is a huge potential in connected devices and the capabilities they provide. That is why keen business owners are looking for new ways to capitalize on this opportunity. And there is no industry that will remain untouched by the IoT.
Here are list of industries who are getting benefits from IOT
Businesses are traditionally the first to adopt new technologies. In addition to providing a competitive advantage, innovations can have a great impact on your bottom line. Namely, the proper use of IoT technologies can reduce the overall operating costs, help you increase your business efficiency, and create additional revenue streams through new markets and products.
1. Retail and Supply Chain Management.
This industry was probably among the first to be made “smart”. Take for example proximity-based advertising with Beacons and smart inventory management technologies used at Amazon Go no checkout store.
2. Home Automation
It is impossible to ignore the impact that IoT technologies have had on our homes. Smart appliances, lighting, security, and environmental controls make our life easier and more convenient. Nest is among the leaders in this sphere. With a number of smart devices, including Nest Thermostat, indoor cameras, and alarms, the company helps you better manage your home.
3.Healthcare and Fitness
Multiple wearables that flooded the IoT market recently can all be roughly classified as health and fitness devices. Apple, Samsung, Jawbone, and Misfit wearables all represent this area of IoT use.
Loaded with smart sensors, our cars are becoming increasingly connected. While most of such solutions are provided out of the box by car manufacturers (Take Tesla for example), there is a third-party solution to make your car “smart”. One of such solutions, Cobra Code – remote control and monitoring of your car, was built by Eastern Peak.
Smart farming is often overlooked when it comes to the business cases for IoT solutions. However, there are many innovative products on the market geared toward forward-thinking farmers.
Some of them use a distributed network of smart sensors to monitor various natural conditions, such as humidity, air temperature, and soil quality. Others are used to automate irrigation systems.