What is Internet of Things (IoT)?
The network of physical items, or “things,” that are implanted with sensors, software, or other technologies for the purpose of communicating and exchanging data with other devices and systems through the internet is referred to as the Internet of Things (IoT). These gadgets include anything from common domestic items to high-tech industrial gear.
Why is Internet of Things (IoT) so important?
IoT has emerged in recent years as one of the most significant 21st-century technologies. Continuous communication between people, processes, and things is now possible thanks to the ability to connect commonplace items—such as household appliances, automobiles, thermostats, and baby monitors—to the internet via embedded devices.
Low-cost computers, the cloud, big data, analytics, and mobile technologies enable the sharing and collection of data by physical objects with a minimum of human intervention. Digital systems can record, monitor, and modify every interaction between connected entities in today’s hyper connected environment. The physical and digital worlds collide, but they work together.
What industries can benefit from IoT?
The businesses that would profit from utilizing sensor devices in their operational procedures are the ones that would gain from IoT the most.
- Manufacturing: By integrating production-line monitoring to enable preventive repair on equipment when sensors indicate an impending malfunction, manufacturers can obtain a competitive advantage. In fact, sensors are able to detect when industrial output is being disrupted. Manufacturers can immediately verify equipment for correctness or take it out of production while it is being repaired with the use of sensor warnings. This enables businesses to lower operational expenses, increase uptime, and enhance asset performance management.
- Plastic Processing: Whatever you choose to call it—the Industrial Internet of Things, the Internet of Things, or Industry 4.0—IoT, its applications are transforming every type of industry and production, including the manufacture and processing of plastics. Solutions for IoT in the plastics industry enable “smart production,” making it simpler to gather and analyze data, improve vulnerabilities, and minimize issues. Additionally, it has been demonstrated to improve product quality, production efficiency, and time to market.
- Pharmaceutical Manufacturing: In the Internet of Things (IoT) era, everyday items like doorknobs and pill containers will have computerized eyes and minds that can communicate with one another and with humans. There are now more sources of relevant knowledge than ever before. Almost any physical object or gadget can be made into an information-gathering tool, giving a quick snapshot of what’s happening in real-time across the network. In other words, the IoT offers the chance for unparalleled, automatic visibility of everything taking place in your business. These applications are helping almost every industry, or they most likely will in the near future.
- Process Plant Industries: Businesses that produce formula- and chemical-based goods like food, drinks, medicines, paint, and other products are under constant pressure to enhance operational performance. Increasing productivity and efficiency can result in significant financial gains by outperforming competitors in the market, but achieving this objective is challenging. Production procedures are intricate.
Although end products may differ, all process manufacturers face a similar set of business difficulties, such as how to use resources and assets efficiently and how to save costs while bringing new goods to market more quickly. Process manufacturers also deal with the need for greater flexibility to react swiftly to erratic market needs and the need to be able to identify possible problems early on so they can optimize processes.
How is IoT changing the world?
As it merges the physical and digital worlds, the Internet of Things (IoT) has swiftly become a strategic change agent for all businesses. In the Networked Society, new value is created across a number of sectors by linking things and giving them “smartness.”
According to the most recent Mobility Report from Ericsson, by the end of 2030, the Internet of Things will rule the planet. As a result, for the first time ever, our wearable’s, cars, home appliances, cities, industries, and anything else we can think of will be the most popular and personal device we use to connect to the Internet.
In summary, the Internet of Things (IoT) has already began to influence a number of elements of our life and has the potential to significantly alter the course of human history. IoT may boost productivity, enhance convenience, and streamline industries by allowing devices to interact and exchange data. It also brings with it brand-new difficulties in terms of security, privacy, and interoperability. To the fullest extent possible, the Internet of Things’ ability to be a driving force for innovation and development will require addressing these obstacles. IoT’s overall influence on the world will depend on our ability to overcome these obstacles and cooperate to create a safe, secure, and interoperable IoT ecosystem.
References
- Gubbi, J., Buyya, R., Marusic, S., & Palaniswami, M. (2013). Internet of Things (IoT): A vision, architectural elements, and future directions. Future Generation Computer Systems. https://www.sciencedirect.com/science/article/abs/pii/S0167739X13000241
- Yongxin Liao, & Eduardo de Freitas Rocha Loures (2017). Industrial Internet of Things: A Systematic Literature Review and Insights. IEEE Access 5. https://ieeexplore.ieee.org/abstract/document/8355897
- Zhang, L., Wang, C., Liu, Y., & Zhang, W. (2019). Application of the Internet of Things in the pharmaceutical industry. Journal of Pharmaceutical Analysis. https://doi.org/10.1016/j.jpha.2019.03.001
- Zia, T., Iqbal, S., & Ullah, R. (2018). Internet of things (IoT) in process plant industry: potential benefits, challenges, and enablers. International Journal of Industrial Engineering Computations, 9(2), 187-198. https://doi.org/10.5267/j.ijiec.2017.11.001
- Hongyu Pei Breivold (2016). Internet-of-Things and Cloud Computing for Smart Industry: A Systematic Mapping Study. IEEE Transactions on Industrial Informatics. https://ieeexplore.ieee.org/document/8119407
- Dr. M L Sharma, Sachin Kumar & Nipun Mehta (2018). Internet of things (IoT): Applications, challenges, and future directions. International Research Journal of Engineering and Technology (IRJET). https://www.irjet.net/archives/V5/i2/IRJET-V5I2301.pdf