IoT Analytics continues to track the vertical areas where most IoT projects take place. By the end of 2020, the analysis shows that while most IoT solutions projects take place in the manufacturing and industrial environment, vertical sectors such as transport and mobility, energy, retail and healthcare have an increase in their relative share compared to previous analyses. This article discusses selected IoT projects in 10 application areas including 20 examples of current projects. Stay tuned for more detailed reports on top IoT use cases and structured, industry-specific deep dives in the coming months.
The fact that more than 1,000 announced IoT solutions use IoT platforms underscores the importance and ubiquity of these platforms in bringing IoT solutions to market. The latest 2020 analysis for 2020 is based on 1414 current IoT projects that have been studied in the context of IoT analytics research as well as the tracking of IoT platforms and the underlying data in the 2020 list of 620 IoT platforms.
The IoT is a generic term for many use cases, technologies and standard applications. Examples of things that range from consumer-orientated devices such as wearables and smart home solutions to IoT connected devices for consumers, to IoT for businesses, industrial assets such as machines, robots and workers, smart factories and industrial equipment and industrial IoT components for Industry 4.0. There are many vertical applications of IoT, from portable devices, smart cars, smart homes, smart cities to industrial equipment. As technology advances, the cost of components will drive the mass adoption of IoT endpoints across all industries.
The Internet of Things (IoT) provides a way to connect a variety of different devices over time and distance to provide relevant and reliable on-demand data. In manufacturing and industry, IoT is gaining ground by improving production line performance, lowering maintenance costs, and increasing overall visibility. Despite these advantages, myths persist about the effectiveness and impact of IoT in manufacturing.
The relentless expansion of the Internet of Things (IoT) has been a fascinating spectacle. Let’s break down five of the top myths and discuss the facts about IoT solutions in manufacturing using the acronym IoT.
The Internet of Things ( IoT ) is changing the way people interact with even the simplest technologies. A technology with its rapid introduction is driving the 4th Industrial Revolution before our eyes.
Sensors and the Internet of Things (IoT) make data collection inevitable and limitless. From email images to factory buildings to cars and turbines, 50 billion connected devices are projected to be in use by 2020, generating 4.4 trillion gigabytes of data per year. Statista predicts that the 5G technology will power 13 billion mobile IoT devices by 2023 and contribute to the Internet of Things.
Despite Alexa’s popularity, IoT devices are already used in our factories, healthcare sectors and businesses. According to IoT Analytics, 17% of the total IoT will take place in connected industries. Technologies such as autonomous cars are being rigorously tested and developed.
The healthcare industry is responsible for 6 percent of global IoT solution projects, 55 percent of which are in America. By 2019, 25 percent of US rural farms lacked Internet connectivity, making it difficult to implement agricultural IoT solutions. According to IoT Analytics, intelligent agriculture accounts for 4 percent of global IoT forecasts, with 40 percent of these projects being carried out in Smart AG projects.
For better or worse, IoT connected devices are already outnumbering the number of people on the planet, and this trend is likely to continue. In 2008, the number of devices connected to the Internet exceeded the number of people on earth. Thanks to new wireless technologies and other IoT-related advances, the total now stands at 1.541 billion devices, which will grow to 7.5 billion devices by 2025.
While accurate predictions of the size and evolution of the IoT landscape tend to focus on the number of connected devices, devices, and other things, the breathtaking growth in the volume of IP-enabled IoT devices and the data they can generate are staggering numbers that will be around for many years to come. Different research means different numbers, but it is important to distinguish between connected devices, IoT solutions and connected devices and to distinguish what they do and how they are used. In particular, those who want to understand how the Internet of Things will affect commercial real estate will find it useful.
After years of hype, anticipation and steady proliferation, the Internet of Things (IoT) appears poised to enter the mainstream of business use. The number of companies using IoT technologies has increased from 13 percent in 2014 to 25 percent today. Key elements of the IoT are:
- sensors and connected devices,
- data integration and analysis,
- cloud and peripheral data processing,
- AI and machine learning.
This proliferation is the result of the impetus to develop the technologies that underpin the Internet of Things (IoT). The worldwide number of IoT connected devices is expected to increase to 4.3 billion by 2023, a tripling compared to 2018. We have also observed a notable trend in the adoption of supporting protocols prevalent in the broader IoT landscape, as well as in the use of IT-oriented web services.
In construction, the adoption of new technologies such as IoT has slowed somewhat. As part of the industrial sector, construction has a number of technological needs that distinguish it from others, and it shares many of the same technical challenges as the general industrial sector. The number of man-made manufacturing machines has declined across the industry, putting a greater focus on automated IoT, which requires less human input.
IoT can help track the condition of an entire building’s assets and provide indicators that help to show its overall condition. In Germany, 91 percent of industrial companies invest in digital factories with IoT solutions.
Monitoring energy efficiency and providing real-time access to water and electric meters are an undeniable advantage of IoT in smart buildings. By monitoring the condition of heating, ventilation and air conditioning systems, building managers can ensure optimum maintenance schedules and timely repairs. One example of an application of the Internet of Things in an intelligent building system is Zata, which measures and controls air quality.
Lorawan has received a lot of interest as a large-scale network solution for the Internet of Things with miles of range and low power usage. The LORAs network is being introduced by telecom companies because it operates on open spectrum and allows you to design your own network.