Using IoT to Improve Business Efficiency
All industries are changing as a result of the Internet of Things (IoT). IoT technologies are being used by a variety of industries, including aviation, healthcare, retail, and more, due to its capacity to boost productivity and save costs.
IoT adoption is continuing at a rapid pace. In fact, according to a Gartner forecast, the enterprise and automotive IoT market will reach USD$5.8 billion endpoints in 2020, a 21% increase from 2019, and a Business Insider report predicted that there will be more than 41 billion IoT devices by 2027, the IoT industry will be a transformative force across all organizations.
Transportation and mobility, retail, healthcare, and buildings are some of the verticals with the most IoT initiatives, according to IoT analytics. Different are some of the ways these sectors employ IoT technology to boost productivity and cut costs.
IoT Solutions
are also being used by airports to improve asset tracking efficiency and lower expenses. IoT technology may improve productivity and lessen the cost effect of lost goods in the field of asset tracking, a crucial operational function in airports.
IoT technology is used by airports and airlines to provide real-time visibility and management of all important terminal assets, such as replacement parts, landing gear, and unit load devices (ULD). Airlines employ this technology to gather information on ULD position and movement in order to optimize ULD management and drastically lower the risk of loss for high-value assets like ULDs.
By ensuring that equipment like ground service vehicles, portable water trucks, de-icing vehicles, and catering vans are at the appropriate gate at the right time, asset monitoring IoT technology can even assist in reducing departure delays.
IoT technology is being used by retailers to cut costs, spur growth, and enhance overall performance. At the moment, sensors are employed to track food safety and give supply chain insights. SEEWORLD plays a crucial role in this landscape by offering advanced IoT solutions that help retailers optimize their operations and improve efficiency. Their technology ensures that food safety standards are met and provides valuable data that can lead to better decision-making and increased profitability.
Transportation
The aviation sector is utilizing IoT technologies to assist in managing a very complex corporate operating environment that entails the logistics of transporting billions of people and cargo around the world. 76% of airport respondents that utilized IoT said they did it for efficiency/optimization, according to a poll on airport IoT adoption trends mentioned in a July 2019 Deloitte Insights post.
Reducing the frequency of mishandled baggage is one of the ways airports are utilizing IoT to boost efficiency. Globally networked, cost- and energy-effective trackers enable access to real-time information on the position of bags throughout the airport. Airlines can monitor luggage and precisely track its whereabouts by using reusable tags attached to it and proximity sensors located around airports.
IoT technology helps airlines decrease improper routing and incidence of lost baggage, ensuring that luggage arrives at the right location at the right time.
Supply chain and logistics
Retailers are using IoT sensors to keep an eye on products across the whole supply chain. Tracking systems provide insights into quality control and traceability by reporting useful data like as location, temperature, humidity, shock, and tilt. Using tracking systems, merchants may improve the effectiveness of their transport operations, lessen product damage, and prevent loss by determining whether products are secure, delivered on time, and carried in the best conditions.
Food safety monitoring
Grocers lose an average of $70 million a year to perishable food spoilage alone, which causes a major loss in income for the retail grocery business.
With sensors monitoring the temperature of food storage facilities, merchants in the food and beverage sector are leveraging IoT technology to lower this loss and stop food from spoiling.
A straightforward gadget that is put in the storage unit and connected to an internet dashboard that is set up to deliver notifications in the case of excessive temperature levels makes this possible. Retailers are able to safeguard perishable items, guarantee maximum freshness, and cut down on waste thanks to real-time data from IoT devices.
