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How is IoT Transforming the Retail Business?

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June 30, 2021

How is IoT (Internet Of Things) Transforming the Retail Business?

Today, almost all industries are utilizing the benefits offered by the Internet of Things. One of the biggest markets affecting the industry, i.e. retail industry, is also encountering an exciting transformation with innovative IoT applications.

Retailers and marketers are enjoying unlimited opportunities with IoT applications to collect and produce more intense insights into customer response and purchasing patterns.

IoT applications aids retailers in increasing productivity, sales and enhances the overall customer experience. Such benefits have improved the image of IoT and made it a centre of attraction among retailers across the globe.

Marketers and businesses expect the revenue of IoT in retail to stretch around 35.5 billion USD by the end of 2025. Today retailers can use IoT technology in their business in different ways to get the most optimal result.

How IoT helps retailers in improving business?

Nowadays, retailers are adopting IoT to enhance customer experience, reduce costs, drive growth and enhance overall performance. Let’s see how IoT supports retailers in improving business.

Smart Shelves:

In a retail business, it has been observed that a considerable amount of time and energy is spent in keeping track of items, i.e. to confirm the availability of a product and know the condition of the product. Using smart shelves is a better solution to end the hassle. IoT technology in retail helps automate monitoring products and reduces the possibility of any possible vandalism.

Retailers attach sensors and RFID tags on the shelves to monitor the products and gather the data. The readers have to scan products on both display shelves and stock shelves.

IoT enabled smart shelve informs the retailer about when items are incorrectly placed on the shelf or running low. It helps to control the management of inventory in a precise and cost-effective way. The RFID tags are attached to a reader that gives the smart shelves the capability to identify in-store thefts. Hence, it cuts off the extra expenditure spend on security personnel.

Automated Checkouts:

Most of the time, store’s checkout counters are the busiest place holding lines of customers for their turn to pay the bills. IoT technology has solutions for this issue as well. It resolves the issue effectively by establishing a system that can read tags on each item when customers leave the store.

The checkout system matches the items with RFID tags and automatically deduct the cost from the customer’s mobile payment application. The automated checkout system improves the customer experience and increases the probability of their revisit to the store for next shopping.

Personalized Discounts:

Loyal customers expect some privileges like personal discounts or rewards for their loyalty. One of the best ways to meet their expectation is setting up sensors that send loyalty discounts to loyal customers when they reach the specific products with their smartphones.

Another way is to adopt IoT to monitor those items that the customer has been searching online and send a personalized discount when the item is available in-store. Through engaging offers Internet of Things can surprise the customers and sustain their loyalty.

Thus adding IoT into a daily business needs foresightedness and creativity. The innovative and smart approach attracts more valuable and long-term customers.

In-Store Layout Optimization:

By Implementing analytics on the data collected using infrared sensors, the store’s layout can be optimized by placing the products at their appropriate place. Also, placing the popular products at the front and least liked at the back can offer a comfortable way to customers to reach the desired item.

Suppose a customer is searching for a popular Smart TV in-store, but it is placed behind an old DVD player’s stock; thus, it is blocking the way to the TV. This inconvenience might result in losing a potential customer. Therefore, in-store layout optimization plays a vital role in a retail business.

The use of IoT applications helps a customer find and locate their desired products in-store, help find the best route to reach their selected items, and check the details of the product provided by the smart shelves.

Optimized Supply Chain Management:

The RFID tags and GPS sensors attached to each product provides precise data about the products’ condition like temperature, humidity, time spent in transportation, and other product-related factors. When the collected data is processed and analyzed to gain insights, it can improve transport and the overall supply chain. In addition, IoT sensors alert the person in charge in case of any emergency and enable them to take necessary actions immediately to avoid substantial loss.

Conclusion:

Internet of Things is transforming the outlook of the retail industry by implementing smart solutions. The adoption of IoT solutions in the retail business can help in improving customer experience, reduce operational costs, improves inventory management and high-quality services.

By extracting valuable insights through IoT and Data analytics, retailers can manage and schedule their operations, including inventory management, supply chain, boost marketing conversions, and ROIs. Thus these features will attract retailers to adopt IoT into their businesses in the upcoming year to enhance their benefits.

Adoption of Smart Cities for a Brighter Future

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March 25, 2021

Adoption of Smart Cities for a Brighter Future

Are you living in a smart home? Just look around, and you’ll observe it’s a heck of a lot smarter than it was ten or even five years ago. Today our homes are occupied with smart devices, like smart speakers, smart thermostats, and smart lightbulbs. But the trend did not remain to the smart home, but the trend for intelligent spaces extends far beyond our homes. Now, everything is becoming a part of this trend, including smart cities. Smart cities are dependent on the latest technologies like 5G, IoT and fibre infrastructure. The latest innovations and changes in 5G, IoT and fibre infrastructure technologies are developing and strengthening the networks of the future.

Smart cities are utilizing these networks for smooth functioning. However, to ensure smart cities’ sustainability for the future, the connectivity infrastructure must be supported by highly efficient energy networks.

Let’s know everything in detail- what are smart cities, how technology is changing the outlook of cities, and what are the key investment opportunities?

Why do we need to remodel cities into smart ones?

A smart city uses advanced technologies to magnify efficiencies and enhance its residents’ quality of services and life. It usually embraces smart power distribution, transportation system, street lights and rubbish collection etc. The main concept behind the idea is to use data and technology smartly to make everyday life easier and better for people residing and working in the city while potentially utilizing the present resources.

Smart cities are built to enhance energy efficiency and help their regions reach their respective net-zero carbon emissions targets. It is expected that smart cities can generate around $20 trillion in economic benefits by 2026.

UN has predicted that 68 per cent of the world’s population would be living in urban areas by the end of 2050, which intimates that there would be more pressure on cities. There would be environmental, economic and societal challenges. The only solution to upcoming problems is by making cities smart.

By introducing smart cities, we can make cities a better and safe place to live. It can improve the fundamental quality of life indicators like daily commute, health issues and reduce crime incidents by around 10 to 30 per cent.

How is technology making cities smart?

By controlling traffic problems:

Traffic is a curse for everyone living in cities but thanks to technology as it has provided some promising solutions. For example, one can adjust the route in real-time according to demand, and smart traffic lights can be used to manage the congestion.

Potentially utilizing city resources:

There are sensors attached to the waste containers to report the container’s real-time status, which means that refuse collectors do not have to waste time travelling and collecting half-full refuse containers. This also implies that collectors can keep a check on how many bins are about to overflow and when they need to replace them. This facility is far better than measuring abstract factors like how many collection trucks are at work.

Enhancing energy efficiency:

Smart cities use technology to monitor real-time energy use and energy consumption closely. For example,

In Schenectady, New York, most street lights are upgraded to LED technology, allowing the lights to be adjusted based on real-time data. In Amsterdam, homes have smart energy meters designed to reduce energy consumption. This enables citizens to use energy sources consciously.

Making cities safer:

Today, the adoption of the latest technology has improved the safety and security system of the residents. Smart Cities utilize technology inventions like wifi, IoT and CCTV cameras to strengthen safety and improve incident response times. For example,

In many smart cities, real-time video data from the street is analyzed to better track and designate resources on the ground and enhance public safety.

Strengthening greater collaboration with citizens:

One of the best things about Smart cities is that it invites residents to participate in local issues. There are some apps that empower residents and allow them to report local problems. They can even share resources among themselves by using community networking platforms.

For example, Smart Cities have a low-cost environmental kit that is used to collect local ecological data. Residents place it in locations like balconies and windowsills to collect the local environment’s data like air, noise, and pollution. The collected data is then streamed to an online platform, efficiently creating a crowdsourced map of data worldwide.

What are the four infrastructure investment opportunities?

Empowering technologies:

The speedy growth of advanced technologies like 5G, Artificial Intelligence, cloud and edge computing supports smart cities’ evolution. We are currently in the starting stage of an edge computing revolution. It is absolutely essential to support the rapid growth in the number of connected devices and the massive increase in data gathered.

It is expected that approximately $20 billion of opportunities across hardware, software and services would be generated by the end of 2023.

It is clear that investment in reliable technology and high-speed connectivity is the central concept in building Smart City. The sudden shift to work from home culture in 2020 due to pandemic demands for stable and secure high-speed connectivity. With the increase in the number of connected infrastructures, cities must be aware of weaknesses and probable emerging problems.

Buildings and construction:

Climate change is one of the primary concern in today’s world. So decarbonizing the sector is the only possible and cost-effective ways to decrease the emerging climate change problem.

It is noted that most commercial buildings are responsible for 20% of energy use in the United States, in which 30% of energy is usually wasted. However, the addition of smart solutions can transform buildings into smart ones and make them energy-efficient and completely automated.

As per the Paris agreement, all buildings require to be net-zero carbon by 2050, and this goal increases the demand for smart buildings.

Updated energy sourcing, management and deployment:

Today, cities are consuming around two-thirds of the world’s energy; thus, there is immense pressure to shift to lower-carbon energy systems. No, doubt investment in smart technology will accelerate the shift while yielding economic growth and competition. Investment in next-generation energy transmission, smart grids and distribution networks can help monitor energy flows and adapt to fluctuations in supply and demand, respectively. Smart cities will also include smart meters to introduce price differentiation, microgrids for a local energy source, gamification apps to lower consumer usage etc.

Smart water and waste management solution:

With climate changes, water management and waste management are another concern to be resolved as soon as possible. Today, access to potable water, treatment of wastewater and waste management are essential issues that cities are facing. Besides this, flooding, drought and water losses are also growing threats due to climate changes and urbanization. Urban planners have to keep track of the ageing drainage systems.

Therefore the introduction of smart solutions has become necessary to overcome water-related issues. The addition of a smart water management system will include leakage, pollution detection and predictive maintenance planning.

For waste management, there are sensors attached to the bins that update the refusal bin’s status. Refusal collectors keep track of the data and collect the waste containers accordingly. This minimizes the travelling time and cuts off the fuel charges. A smart waste management system also stresses reducing waste at the source through advanced use of packaging, strategic collection methods and divided waste-to-energy solutions.

Conclusion:

Smart cities are the best solution to tackle environmental, social and safety issues. It includes everything which is required for the betterment of lifestyle. From smart homes to street lights, smart meter to smart traffic lights, everything contributes to saving natural resources and potentially utilizing available resources. Prompt Softech is dedicatedly working on converting the traditional technology and working process into smart ones. The Softech company provides IoT enabled solutions that can bring changes to your organization by making processes and operations more effective and efficient, ultimately leading to optimal outcome, better experience and the slightest error. You can initiate the ‘smart city’ revolution by adding smart solutions to your organization and cut off unnecessary expenditure.

Why do You Need to Switch The IoT Mobile App Development

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January 18, 2021

Why do You Need to Switch The IoT Mobile App Development?

Today, when time has become the most precious thing than ever, everyone is searching for the most efficient and smart solutions. Just assume present life without internet. There would have been no way to connect and use kitchen appliances, TV sets and baby monitors etc. remotely. Life would have been hard. Thankfully we are existing in an era where our physical world is beautifully synchronizing with the digital world. It is expected that by 2025, we have more connected devices than Earth’s inhabitants.

Do you know how all this is possible? The only way to make all this possible is through the Internet of Things. We can simply define it as IoT refers to an ecosystem which includes physical objects accessed by the internet.

But why do you need to integrate your mobile application with IoT? Integrating IoT with a mobile application can provide a competitive edge to your business to thrive in any dynamic market.

For example, heart monitoring devices have built-in sensors with an IP address and can collect and transmit data over the network. They are built to monitor, understand and analyze the ambience as per human needs.

Amazon’s Alexa and Google Assistance is already serving as a connecting link between human and network of interconnected devices and have been in user from a long time. The transformation in technology shows that IoT has become one of the most critical technologies of today’s century. Businesses belonging to different domains are employing the latest technology to sustain in tech competition.

How IoT and Mobile App Development is interdependent:

Today, millions of IoT connected devices are already part of the earth. No doubt with the time the number will increase as internet connectivity is now a standard feature for devices which are used in factories, households, businesses and other sectors.

The preferred platform which has pushed the usage of IoT and IoT based devices is Mobile. The mobile app is easy to develop and for transmitting data. Using a single mobile application, you can quickly and efficiently manage IoT devices like Smart home or wearables.

In fact, you can set thermostats, brew your coffee and peep inside your house using the camera from the remote place through mobile phones. So, life has become very comfortables through IoT.

Why do you need to develop a Custom Mobile App using IoT?

1) Flexible Accessibility:

Today people are addicted to easy accessibility; therefore, integration of IoT and mobile app provides this facility, i.e. to access any interconnected physical object from any location through a single touch on a smartphone. Your reliable and proficient IoT app development company can provide you IoT-enabled mobile app, which can compute with IoT platforms’ enhanced functionality and can boost network usage of the customers.

2) Valuable Insights:

The Internet of Things can be defined as a network of interconnected devices, sensors, digital items and servers that collectively access and store sensitive and personal data of the users. These data can be used to make accurate decisions related to consumer behaviours and activities and shopping patterns in real-time, ultimately improving business operations.

For example, you can execute an essential change in inventory and improve your offerings’ marketing strategy. By using data, you can provide highly customized and excellent customer experience.

3) Market Entry:

We all know that IoT provides innumerable benefits, but unfortunately, many businesses and organizations are not in favour of adopting IoT as well as new technologies. They are unaware of IoT potentials and how a custom mobile app with IoT can provide a competitive edge to their business and address the niche market that has adopted IoT-based mobile apps.

How IoT helps in Mobile App Development Process?

1) Reduces the Cost of Mobile App Development:

IoT being dynamic in nature allows IoT app development company to combine multiple components within the app to make it innovative as well as interactive. This feature saves a lot of money without any compromise with the result.

2) Easy Integration:

IoT technology can be integrated with emerging technologies like AR, ML and VR. This means that it allows you to deploy the same capabilities in mobile apps. But, in order to get the best result, one has to implement IoT correctly.

3) Need for Higher Security:

We all know that user’s data is stored on the cloud and IoT application developers provide extreme device interconnectivity which certainly attracts high possibilities of cyberattacks and account hacks. Thus mobile app development service providers must ensure high-security protocols and encryption policies in all IoT integrated mobile apps.

4) Promotes Interactive Mobile App:

Technology has opened the gateway to personalization option, and obviously, IoT has made the mobile app more interactive and efficient. This concludes that a mobile app can stay-up-to-date with functionalities of IoT to stay competitive. This latest technology also facilitates simple customization options for mobile enterprise apps as today many businesses wish to reap the leverages provided by IoT. Many organization have connected devices for various operations like ordering supplies or in-office repairs regularly.

Businesses can even make their work process smooth for their staff by reducing downtime of office equipment by regular maintenance and prompt repair services.

5) Location Independence:

Most of the mobile users are using IoT-based mobile apps. Users can control the IoT ecosystem, including all devices, internet connections, hardware deployed through IoT-based mobile apps from anywhere and anytime. Thus we can say that IoT facilitates location independence.

For example, iPhone’s Home App provides useful automation for home accessories like a thermostat, lights, bathroom, wifi system. Homekit cameras and videos can even inform you through notification if any friend arrives at your doorstep. Thus you are free to operate your devices from any location using your mobile app.

6) Greater Convenience:

Today 52% of the world are mobile internet users, and one can easily manage entire IoT network from office, home or anywhere. One can even integrate social networks and notifications in the IoT mobile application. IoT has made life easy and simple, not just for users but also for IoT service providers. Today, application developers are not required to invest a lot of time, money and resources to make a mobile app and devices intuitive and interactive.

What are the challenges in IoT enabled Mobile App Development?

1) Data Collection and Processing:

IoT application needs a massive amount of data so IoT app development company must collect, store & process data on the cloud, in full agreement with platform terms. Companies need assistance for fetching insights from the customers’ data, so they have to hire data experts, analytic engineers and machine learning resources to analyze the data quality and its usefulness.

2) Security and Privacy:

Well, IoT has been in controversies for network security and data security. IoT app developers need to ensure full data privacy and security. They should provide data encryption protocol while developing a mobile app because IoT devices can be easily tampered and hacked by hackers. Therefore IoT app developers must guarantee that both data and devices are safe and hold required access and support skills.

3) Hardware and Software Compatibility:

It is essential to know that IoT and mobile app development needs a balance of software function and hardware. It is obvious to concentrate on designing the device, but software functions also require attention as it can create problems during regular updates. Both aspects together provide optimal performance. Thus it is vital to thrive a balance between both hardware and software. Suppose if your device does not allow regular updates like bug-fixing, it will hammer the device’s performance. Thus IoT app development company would not be able to deliver the most favourable results.

Conclusion

Integration of IoT with a mobile app can upheave your business and provide a greater view of the current market trend. If you wish to deliver outstanding customer service, boost engagement with your buyers, and attract more significant sales on the mobile app without extending your budget or compromising with the technological abilities, IoT is the best solution. Connect reliable and experienced IoT app service providers and explore the best possibilities.

admin

December 28, 2020

How is IoT Helping Smart Solar Farms for Improving Asset Management?

Today businesses are looking for more efficient and durable resources to improve efficiency and increase productivity. No, doubt IoT has already contributed a lot in the development of new technologies and making progress in the organizations. However, the potential of IoT visible today is hopefully way less than what IoT holds within it. The exploration of IoT will definitely turn into ecstasy for every human and organizations.

However, today, IoT is assisting many businesses and organizations and delivering successful and noticeable results. There are a plethora of IoT service providers present in the market to help businesses in improving their process and productivity.

Nowadays, energy production from the traditional way is becoming challenging due to limited resources and pollution caused by using it. So, Solar farms are the new and smart fashion where energy production companies are willingly investing for energy production. To enhance cost-effectiveness, organizations involved in the solar energy industry are looking for improved and effective asset management and monitoring.

So, to end management and monitoring related issues, energy production companies are adopting the Internet of Things.

IoT allows businesses to directly manage the solar panel installed on the farm and helps to detect the faulty devices. Along with the IoT technology, sensors are embedded in the panels for making automated workflow and get enhanced asset monitoring.

Solar Farm Asset Management

Earlier, businesses used to opt the traditional way of managing assets which was indeed time eating as well as less efficient. The asset management required more human interference, simultaneously inviting more errors. Thus, the need for asset management is growing stronger as the world is currently installing 70,000 solar panels per hour, as reported by IEA.

In a smart solar farm, IoT sensors are embedded in every asset to keep a track on assets’ health actively. These smart sensors send crucial information like current location, running status, health and predicts the possible malfunctions of assets in an automated process. This reduces human interference and the need to check and maintain each asset regularly. It even enables connected devices to communicate with each other more effectively and automatically and send information to the requires place.

Leverages offered by IoT-

1) Cost:

By adopting IoT and making the whole process automatic helps in lowering the energy bills and reducing the carbon footprint, which ultimately saves a lot of time and money in the long run. In fact, maintenance cost also slashes down with connected assets.

The introduction of IoT in asset management also provides better uptime of systems. Not just this, businesses can also update their compliance as per the new regulations introduced in the industry. Using effective asset management also reduces the risk of fines and penalties for non-compliance drop.

2) Real-time updates:

IoT integrated sensors embedded in the panels facilitate businesses to get real-time updates. The smart sensors observe vital parameters like temperature, energy output, cardinal direction and tilt angle. The energy-producing companies receive a visual overview of the panels’ output through location and colour. Using visual granularity, businesses are capable of accessing status updates and resolve the issues in real-time.

3) Maintenance:

Maintenance is one of the essential aspects of any business. In a solar farm, where panels have IoT sensors and provide real-time updates of the panels, the maintenance process becomes relatively easy and money-saving. Through real-time updates, administrators know which panel has issues and requires quick fixing. Businesses can detect the particular issue which causes downfall in the farm’s overall performance, say incorrect tilt angle or low energy output or any other problem. Real-time updates also help the maintenance team in taking preventive measures to avoid significant failures and downtime occurrences.

4) Predictive Analytics:

IoT-enabled monitoring utilizes past data to forecast energy output and predict the most efficient way to manage solar farms effectively. Thus, solar energy companies predict the amount of solar energy that would be present on a particular day. Companies can also envision the best way to adjust other energy resource inputs for better demand-supply balance.

5) Enhanced Worker Productivity:

IoT helps solar farm owners by assuring the productivity of workers as it promptly identifies and troubleshoots error sources. The supervisor does not have to check all the panels manually as the automatic system sends a notification to maintenance teams about the faulty panel. This decreases field trips, and technicians are free to do more critical tasks.

6) Theft Prevention:

Smart farms located in a rural area can be safer and secure from vandalism, and theft attempts as solar panels have an IoT-based monitoring system included to protect solar panels. Every solar panel is embedded with a sensor that can detect any unusual activity. The IoT enabled sensors can also detect if the solar panel is removed from its place and sends a notification to the operators in real-time.

IoT Implementation and Challenges

We all know that the Internet of Things is only possible through the connectivity of networks of a physical object with sensors and software to exchange data. IoT implementation can be a big deal for businesses adopting it for the very first time. Basically, IoT implementation depends on five components, i.e. sensors, standards, networks, intelligent analysis followed by intelligent actions.

Well, there is no doubt that IoT helps smart farms by automating things to reduce time consumption and cost, there are few points to be taken care before integrating smart farm with IoT.

1) Security:

The biggest concern is of security. Most of the users are concerned for the safety as in IoT all the devices are connected to the internet, making it vulnerable to security threats. This particular reason limits the performance of the systems.

2) Revenue and Affordability:

The second challenge faced by first-time IoT users is that they cost a lot. High cost becomes hindrances for an organization with a low budget. Due to low margins, small companies do not prefer to invest in this expensive technology, whereas large-scale companies welcome it with full potential.

3) Power Consumption:

Wireless devices consume more power and have limited battery life; thus, there is a requirement to develop IoT systems with low energy consuming sensors to decrease electric bill.

4) Network Issues:

One of the significant challenges in panels powered by IoT is that it may fail anytime due to low network in the area. Thus the IoT system is highly dependent on network and it may cause massive loss at times.

Conclusion

It is evident that IoT is providing a lot more than expected in smart solar farms to manage assets. IoT holds a great future in solar farms, and with the decrease in sensor costs along with better connectivity, companies will include IoT at different levels for more efficient results. In fact, data gathered by IoT can also support in taking a right and effective decisions to enhance the productivity of the solar farms.

admin

November 30, 2020

8 Ways The Internet of Things (IoT) Can Help Grow Your Business

We live in a golden era where every device we use is connected to the internet in one way or another. The network of these connected devices is what we can call the Internet of Things.

IoT impacts the way we live our lives and make various aspects of our life smarter and more efficient. With smart technology being cheaper, we are now seeing more devices built with wireless connectivity embedded. Modern-day IT companies can use IoT technology to make their business operations more streamlined and improve efficiency in ways that were not possible earlier. Here are a few ways how IoT can grow your business today:

1) Improved business insights and customer behavior

Connected equipment in manufacturing, aviation, agriculture, healthcare, supply chain, and many other industries create more data streams and analytics potential. This means that companies are now gaining much greater insights about their day-to-day business operations and learning more about how their customers use their products or services.

In many of the cases, this has been enabled by cloud platforms provided by Microsoft Azure, IBM, AWS, and Google. But there is also a shift towards edge computing in some industries to reduce latency introduced by relying on third-party data centers.

2) Improved inventory management

The use of IoT will dramatically improve small businesses’ ability to monitor and manage their inventory process. Smart devices and IoT are now making it possible to automatically track and collect items and make overall inventory management and logistics more efficient. This whole comprehensive method is more productive than the cumbersome and expensive task where warehouse workers manually do the scanning and tracking of inventory piece one at a time

3) Personalized information and actions

IoT also brings together personal data so that they can deliver a more personalized experience to their customers.

In this way, E-Commerce retailers can leverage the analytics collected based on the customer’s behavior to offer more personalized information and actions. A good example fo this is where there is a car connected, and the driver receives offers that are tailored specifically to him or her. Alternatively, a family with a smart refrigerator can also receive the same tailored experience based on their personal preferences.

4) Efficiency and productivity gains

By connecting a business’s key processes, leaders can easily identify ways to boost efficiency and increase productivity. Thanks to these gains, companies expect that the revenues may get a boost by up to $154 million due to industrial IoT development, according to a recent report by Inmarsat.

Employees at Ford in Spain use a special suit equipped with Ford’s body tracking technology in partnership with Instituto Biomecanica de Valencia. The experiment involves 70 employees in 24 working departments.

The technology works similarly to motion taking systems that record how athletes sprint on turn or actors move and speak. Ford has been using the same technology to design a less physically stressful workstation to boost its manufacturing processes.

By accurately tracking the workers’ movement, it enables data-driven changes to its vehicle production processes, making them safer and more efficient.

5) Asset tracking and waste reduction

Closely linked to efficiency and productivity are the drives to reduce waste for which IoT tracking is integral. The growing use of IoT, with smart devices and sensors, can reduce unnecessary expenses that occur due to operational inefficiencies in the dress collection process. The urban waste collection process is also quite complex and time-consuming as well as resource-consuming

Therefore, using route optimization where municipalities or waste management companies work together and use smart dumpsters can transmit real-time data to waste collectors. The data then can be processed by the IoT company, which can select the best routes for waste collectors with areas that need a cleanup on priority. This results in an efficient pickup process that is more productive so that it can save fuel and workforce costs.

6) Remote working

Remote working is undoubtedly a trend that is becoming more and more popular as the days go by. For almost a decade, the possibility of working from home is more feasible for workers everywhere, and all the credit goes to development in the IoT.

IoT brings efficiency and accessibility on a level that was never seen before, and this has allowed remote working to be a popular option in today’s modern society. With IoT performing many different aspects of standard work practices, it is no surprise that remote working opportunities are flourishing.

7) Improved business security

IoT technology can be used to boost the security of your commercial office building in multiple ways. For example, wireless CCTV systems can be installed everywhere on your business premises and provide you with 24/7 live feed direct to your mobile devices. Many research data suggests that security cameras can be a handy tool against criminals. Security cameras can also come in handy to monetize star performance, and also it lowers the risk of employee theft.

Wireless alarm systems are also another affordable way to improve your business security and protect your equipment. An added benefit of installing IoT based security devices is that they may reduce the cost of your business liability insurance. Today, all the companies should take advantage of IoT devices that can monitor their buildings, boost their workplace security, and can negotiate lower insurance premiums.

8) New business models

While most of the use cases for IoT lies mainly inefficient productivity and process monitoring, and many companies recognized the scope for it to provide them with information about their customers in how they use their products.

We already have been saying internet-connected cars, coffee machines, trains, and all manner of other smart things that can feed used data back to the manufacturers and operators to build services around those products.

While few of these things were initially designed to be connected but added in IoT, there is a new value to them. These can also help improve the future design wire, the heaps of data gathered from real-world usage.

Companies that successfully can integrate IoT with their products have used benefits ahead in the future. It also allows the organization to shift the focus from conventional business models to new revenue streams. The data acquired from the IoT products hold much value. However, more significantly, customers can be given the option to purchase subscription-based services that offer customers a more personalized and tailored experience.

admin

November 12, 2020

How is Artificial Intelligence Contributing to the IoT Revolution?

Today businesses around the world are extracting the potential outcome by deploying IoT in their business operations. They use it to create new and optimized business possibilities. The firm growth of IoT in various industries is spectacular, whereas AI and its influence on a professional and personal level are considered undervalued. However, combining IoT with rapidly improving AI technologies can design ‘smart machines’ that stimulate intelligent behaviours to make a precise decision without any human interference. Thus, AI-IoT together minimizes chances of error and ensures efficiency along with productivity.

How does AI help in the IoT revolution?

Artificial Intelligence performs smart tasks such as language translation, decision making, voice recognition, etc. and IoT involves a series of interconnected gadgets to transport information over a network. IoT gadgets depend on web connectivity to deliver a fair amount of relevant information about users such as user behaviour, users’ preferences, personal details, etc. It is absolutely wrong to overlook them as they contribute to improving the operations and user experience. However, many organizations have no idea about saving and processing of massive amounts of data which ultimately hinders the growth and potency of IoT.

In this critical situation, AI work as saviour as it helps to store the bulk of data processed by the IoT devices. It analyses and produces a sense of it. Thus, we can conclude that AI is a chief driver which promises to contribute to the exceptional growth of IoT.

Enabling evolving profits for businesses

Earlier, the AI framework was taking care of limited categories of the task. They were not scalable and required human interference. However, advancement in technology has created a successful transformation of AI by involving it into IoT concept. The collaboration of AI with IoT has introduced smart machines which require the least human intervention. The integration of two evolving technology will bring a dramatic change in different industries. Four significant changes that will emerge in businesses after integration of AI & IoT are:

Improved revenue:

Integration of IoT with AI will be profitable for many industries and sectors in terms of generating significant revenues and returns. IoT data providers, IoT gadget, manufactures and companies offering application services based on smart sensors will also enjoy the profits gained by the togetherness of these two highly effective technologies.

Better Safety Standards:

Un-interrupted and regular monitoring allows a business to take prompt decisions to restrict any failure. Up-to-date monitoring improves overall protection and security standards while enhancing productivity. The strict monitoring over different operations even reduces the possibility of harm to lives and assets.

Decreased Expenses:

Assessing the appliances by smart detectors, the sensor installed domestic devices and smart electricity meters cut the extra operational costs in businesses or household works.

Improved user experience:

Smart sensors offer a plethora of opportunities to improve the user experience. These detectors catch the user’s preferences and provide them with options accordingly. For example, smart ac sets the temperature as per the user’s need.

Positive influence on different industries

1) Manufacturing Industry:

Manufacturing sectors like aircraft, automobiles, mining, household appliances, etc. sync smart sensors with their machinery to get future analyses and improve efficiency along with productivity. Industries are endeavouring to develop a wholly autonomous and advanced industrial unit. The installed sensors will assist enterprises in detecting the areas with looming threats, informing about the future maintenance requirement to ensure least machinery falls.

2) Smart Homes:

IoT has introduced advancement in homes too. Today, smart home concepts have taken up speed. Smart homes concept means a house where all the gadgets are connected through a shared network. Integrating IoT with AI will enable devices to interpret the owner’s instruction and make smart decisions, respectively.

A smart home consists of technologies that aim to make lives comfortable by allowing the owner to regulate the device remotely, regardless of where she/he is currently present. It even ensures better safety and security. For example, an owner can pre-plan the time at which he/she wants coffee, or when TV should turn on to watch their favourite show.

3) Body sensors:

Smart detectors have made the lives of patients and doctors easy. These smart devices sense different activities to maintain good health. Today, pharmaceutical companies are investing in medical sensors that can assist patients in keeping a track on their health. In the covid-19 situation, most of the hospitals are offering virtual consultations to their regular patients. Smart sensors are tracking the health of patients and sending health alerts to the doctors if any changes appear. This technology has allowed everyone to follow social distancing to minimize the chances of Covid spread.

For example, sensors evaluate blood pressure, blood sugar levels, etc. and send a notification if any changes occur.

4) Airlines:

Sensors have also become part of the aircraft to monitor the looming risks and errors and to assure safety before any mishap occurs. These smart sensors predict probable errors and calculate the degree of severity to decrease aircraft downtime and ensure safety. Airline companies also use sensors to detect the maintenance issues that typically cause flight delay and cancellations.

5) Oil Rigs:

Oil industries have to spend a fair amount on obtaining oil drilling machinery. Oil companies can use smart sensors to get a timely notification for servicing and reduce the operational cost. Sensors attached to the machines provide the information about the condition of devices and send the alert for maintenance or servicing before any damage happens to a machine.

Wrapping Up:

IoT and AI are technologies which seem to complete each other through one or another way. This deadly combination will change the outlook of many businesses and industries. It will even improve our personal and professional lives in a very positive way. Thus, undoubtedly this ultimate combination is highly beneficial as it will open up new opportunities for growth and innovations—the addition of AI in IoT concept can ease the business processes, improve productivity and provides enhanced user-experience.

admin

September 9, 2020

Why SMEs Need to Add Internet of Things?

Internet of Things, a familiar tech-solution is contributing to making a better tech-world for businesses and market. The infiltration of iot in every section has proved its versatility and frequent updates hints for the presence of unexplored potential. IoT has opened a new path to build vast networks of connected devices.

IoT integrated management systems are bliss for small and medium-sized businesses. It is often noticed that many small and medium-sized enterprises (SMEs) are struggling to stay alive while churning benefits. Today, companies incorporating advanced IoT system into their daily processes have developed a sophisticated way to make profits.

Industry 4.0 is a technical word used to address the new phase in the Industrial Revolution that includes automation, machine learning and interconnectivity. It strives to help businesses through various advanced technologies.

IoT is one of the heroes in the Industrial Revolution. It can connect physical devices to digital platforms to develop most favourable ambience for manufacturing and supply chain management. There are IoT service providing companies which can introduce IoT in your business.

What, Why and How?

IoT has added smartness in the way of thinking, it has added smartness to connecting platforms and devices, and the best thing about it is that it can be accessed by small, medium and large-sized companies. The unbiased nature and potential results drawn by IoT makes it different and most compatible.

IoT solutions consist of sensors and smart devices which can sense and communicate with each other over the cloud. The IoT integrated sensors and devices detect the change occurring in the environment or collect the data from the designated target for the software to process and then performs the automated response like notifying the responsible parties if any issue occurs.

IoT connected devices provide data which can be used to improve existing business practices and support machine-to-machine communication. No doubt, different industries suffer different challenges, but IoT is the standard solution in different ways.

How is IOT helping different types of business?

A) IoT in Logistics:

Logistics is one of a broad sector which is dependent on proper management of distribution and transportation operations. An error can turn the whole process upside down. The need for prompt and appropriate transportation along with the expectation of consumers has left no chance to plan for a series of pick-ups and sit with crossed fingers.

Earlier, experienced transport managers used to plan an efficient route. But today, regulatory laws like GDPR affect everything, from driver’s hour to how IoT and telematics data are utilized in fleet operations.

Following the regulation as well as last-minute requirements makes delivery and transport route complex than it was earlier. The complexities turn to be worst by the massive amount of information which has to be shared to coordinate different branches of a business. Well, IoT helps in this situation and untangle complexities by enabling enhanced data flow by developing a network of devices that connects and shares data.

In addition, IoT-enabled fleet management systems can cut excessive fuel consumption, time consumption, ensure driver’s safety through continuous vehicle monitoring.

Read More: Why is IoT Impossible Without an Open Ecosystem?

B) IoT in Manufacturing:

The one most crucial aspect in the manufacturing industry is effective resource management because SMEs have limited resources, and they cannot afford any kind of loses. Well, in reality, coordinating the manufacturing of goods becomes tiresome without the right tools.

IoT technology empowers businesses to manage their manufacturing processes precisely to curtail upcoming issues and improve existing procedures. More than 58% of manufactures have accepted the fact that IoT technology helped them in transforming their businesses.

IoT can be used to establish efficient asset usage, improve equipment service life and to get optimal ROI on assets. It is estimated that the global usage of IoT in the manufacturing sector would reach USD 45 billion by 2022.

C) IoT enhances productivity:

SMEs always tries to settle themselves into the successful list with maximum benefit and best customer experience. They follow the same basic principle, i.e. to increase productivity and in result, revenue will automatically increase.

The addition of IoT in SMEs helps in achieving the motive. The highly advanced IoT-integrated devices facilitate access to accurate and actionable data which improves decision-making processes and assist them in taking quick actions to important events and emergencies.

IoT systems help by enhancing collaboration between departments, monitoring fleet operation, reducing operational costs, tracking the transportation movement etc. Data collected by IoT devices can be used by companies to deliver product faster, meet the target quotas and enhance the supply chain.

D) IoT ensures proper maintenance:

Maintenance of assets in a company is crucial and complicated. Breakdown of an asset or vehicle can cause a massive loss to SMEs, so they need to maintain the health of every machine and ensure servicing on time. IoT-enabled car trackers diagnose and transmit malfunctions before they turn into some serious issues. The device connected through the OBD-II port allows access to engine error codes and diagnostic reports.

OBD-II is an onboard computer used to keep a check on vehicle data like speed, mileage, emissions etc. It can be accessed through a 16-pin usually placed under the driver’s side dash. Thes diagnostic reports identify and inform about which vehicle needs servicing and when to schedule preventive maintenance. IoT-enabled preventive maintenance solutions can cut diagnostic time up to 70% and causes a 25% reduction in repair time. It improves the operational efficiency of assets.

Read More: Six Inevitable Steps to Bring Digital Transformation in Your Business

E) IoT promises Consumer Satisfaction:

Today, customers demand are massive as they are aware of the latest technologies. They are expecting rich experience, and only IoT can provide that. SMEs can provide real-time information of product to their customers through IoT. On-time delivery is necessary to build loyal customers. When the delivery time exceeds the expected time, customers get frustrated. Sometimes late deliveries cause spoilage of the perishable product.

So, we can conclude that on-time shipment is an unavoidable requirement. IoT enabled devices integrated with sensors that are capable of diagnosing small changes in the condition of cargo or vehicle. It even maintains the required temperature to keep the product at a good state. It informs the company about the shipment-status which they further share with the customers to gain trust. By updating the shipment-status increases ROI by retaining their existing customers as well as attracts new customers with their top-quality services. IoT helps in boosting sales, lowers customer costs and enhances customer satisfaction.

F) IoT improves Security and Safety:

IoT solutions are not only meant for the benefit of the company, but they also offer advantages for the safety and security of a company’s workforce, property and goods, trucks & cargo. IoT solutions automate security processes and detect the flaws existing within the system, notifying the administration to eliminate any casualties.

Nevertheless, employees who feel safe and protected turns out to be more productive. IoT-enabled fleet management solutions monitor and manage the fleet remotely while providing real-time access to the location. It offers prompt alerts in case of an accident or any other emergencies which ultimately promises the safety of the driver and ensures quick actions in case of any mishap.

IoT is the next big thing in Tech-world.

Internet of things has changed the outlook of SMEs. It has added smartness in the operations and supply chains. In the coming years, businesses will be more dependent on the latest technologies. To say it straight, more on IoT.

Internet of Things has not just chartered a smooth path for complex operations, but it has also reduced operational cost, fuel cost and time consumption. IoT connected device provides data which can be analyzed to develop the demand-based products. It even helps companies to meet the expectation of the customers. From early detection of machinery breakdown to on-time delivery of a product, IoT is everywhere. If you still not a part of IoT-world then you might be losing a lot more than your imagination.

admin

August 10, 2020

Why does Dairy Need to Adopt IoT Enabled Cattle Management Solutions?

The current pandemic situation, economic disturbance and job issues, people have realized that it’s time to get back to the origin. Agriculture would be the new preference, and people would certainly look for the solutions which would keep a track on their business just like a mother does on her child.

IoT has changed the outlook of businesses, either its manufacturing or by making smart city or automating cars. The time needed for the most reliable solution is met by IoT to a certain level. Nevertheless, IoT development companies are still investigating to get the most fitted, unambiguous and dependable version of Iot.

Taking the dairy industry as an example, let’s check how IoT can improve the working in the dairy sector.

Cattle management is one of the most challenging tasks in dairy farming, having experience in taking care of cattle might help you to a certain level, but if you are a layman, then you need to really work hard. Cattle management includes looking after the balanced diet of cattle, vaccination and heat stress along with insemination at peak time.

The addition of IoT in dairy technology has added advancement in the monitoring system of cattle which helps farmers in achieving better performance. It provides a way through which dairy farmers can optimize their livestock health using remote monitoring and allow them to make data-driven decisions. There are IoT service providing companies which are providing customized and optimal solutions to improve dairy farming.

Let us see how IoT can assist farmers through latest technologies:

A) Monitoring health of cattle:

The most essential and crucial part of cattle management is monitoring the health of the livestock and preventing them from illness through early diagnosis. IoT solutions which include wearables are capable of streaming data to the cloud. The smart collars capture data and notify farmers about several factors like a respiratory rate, heart rate, digestion level, blood pressure and other vitals. This information helps dairy producers to take prompt decisions for better health of cattle. In fact, tracking these factors also contributes to significant control over the livestock feeding issues.

Read More: Six Inevitable Steps to Bring Digital Transformation in Your Business

B) Tracking the reproductive cycle:

Missing a heat stress period of a cow can cause a considerable loss, and it also disturbs the reproductive cycle. It has been a tough task since ages, but now the addition of Iot for monitoring purposes of cattle has smoothened the task. The IoT enabled device monitors and informs the farmer about the heat stress of cows. A cow can stay in heat for around eight hours, the connected device can tell about the exact peak period, and farmers can use this period for artificial insemination. A.I, at the right time, ensures successful pregnancy of cattle along with good health. Not just this, It even notifies farmers when the cow goes into labour, thus making the calving process easy and safe. We can conclude that IoT has reduced the need for manual supervision for knowing heat stress and the calving process.

C) Location tracking:

Sometimes cattle get separated from the herd, and it becomes a tough and time-consuming task to find them. Well, the cattle management devices help you in this situation as well. Through smart wearable, you can track the movement of cattle. The IoT enabled device tracks the movement, locate them and help farmers in optimizing their grazing patterns.

In addition to this, sensors also inform the farmers about the changing behaviour appearing in cattle.

Read More: How will IoT Transform Transportation in the Coming Years?

D) Monitoring the behaviour:

It is tough to interpret the behaviour of cattle, specifically if you have a large herd. It is actually a tough task to know which cattle need attention in terms of diet or medicines or health. Iot enabled devices to watch the activity and movement patterns and share them with a farmer. Farmers easily know when to milk the cattle or when they need extra attention. The IoT enabled device even measures the milking amount and speed. It tracks the number of steps cattle walked and the amount of food it consumed. Thus, the precise supervision of cattle and the data collected allows a farmer to make actionable decisions to improve the health and yield.

Key Benefits of using IoT-enabled cattle management:

The ToT-enabled device monitors the health and vitals of cattle in real-time, allowing farmers to take prompt decisions and treat the animals on time to restrain the spread of disease.
It tracks the location of grazing animals and identifies the grazing pattern.
It collects and analyzes the historical data to diagnose cattle health or to track the spread of disease.
It gives real-time information for the calving process to avoid any loss and optimize breeding practices.

Conclusion:

The adoption of IoT enabled solutions for cattle management has ended the dependency on manual supervision. It also affirms for minimum error. The IoT-enabled solution provides real-time data with key insights. It assists farmers in taking the most favourable decision which can provide maximum efficiency while diluting the wastage.

Today, growth in IoT and its adoption in every sector has generated expectation as well as hope for better tomorrow. The adoption of IoT in livestock management has improved the yield and health of cattle. As per Statista, in 2017, the market value of monitoring and management amounted to about 2.52 billion U.S. dollars, and it is expected to grow 4.84 billion dollars by 2021.

If you have a dairy firm and managing a cattle has been a challenge for you then consider contacting us. Prompt Softech offers a wide range of Iot solutions for cattle management and agriculture. Contact our Iot experts and get the consultation to improve your dairy farming.

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