1. Smart Home With IoT creating the buzz, ‘Smart Home’ is the most searched IoT associated feature on Google. But, what is a Smart Home? Wouldn’t you love it if you could switch on the air conditioning before reaching home or switch off lights even after you have left home? Or unlock the doors to friends for temporary access even when you are not at home. Don’t be surprised with IoT taking shape companies are building products to make your life simpler and convenient. Smart Home has become the revolutionary ladder of success in the residential spaces and it is predicted Smart homes will become as common as smartphones. The cost of owning a house is the biggest expense in a homeowner’s life. Smart Home products are promised to save time, energy and money. Smart home companies like Nest, Ecobee, Ring, and August, to name a few, will become household brands and are planning to deliver a never seen before experience. 2. Wearables Wearables have experienced an explosive demand in markets all over the world. Companies like Google, Samsung have invested heavily in building such devices. But, how do they work? Wearable devices are installed with sensors and software which collect data and information about the users. This data is later pre-processed to extract essential insights about the user. These devices broadly cover fitness, health and entertainment requirements. The pre-requisite from the internet of things technology for wearable applications is to be highly energy-efficient or ultra-low power and small-sized. 3. Connected Cars Automotive digital technology has focused on optimizing the vehicle's internal functions. But now, this attention is growing towards enhancing the in-car experience. A connected car is a vehicle which can optimize its operation, maintenance as well as the comfort of passengers using onboard sensors and internet connectivity. Most large automakers, as well as some brave startups, are working on connected car solutions. Major brands like Tesla, BMW, Apple, Google are working on bringing the next revolution in automobiles. 4. Industrial Internet Industrial Internet is the new buzz in the industrial sector, also termed as the Industrial Internet of Things ( IIoT ). It is empowering industrial engineering with sensors, software, and big data analytics to create brilliant machines. According to Jeff Immelt, CEO, GE Electric, IIoT is a “beautiful, desirable and investable” asset. The driving philosophy behind IIoT is that smart machines are more accurate and consistent than humans in communicating through data. And, this data can help companies pick inefficiencies and problems sooner. IoT holds great potential for quality control and sustainability. Applications for tracking goods, real-time information exchange about inventory among suppliers and retailers and automated delivery will increase the supply chain efficiency. According to GE, the improvement in industry productivity will generate $10 trillion to $15 trillion in GDP worldwide over the next 15 years. 5. Smart Cities A smart city is another powerful application of IoT generating curiosity among the world’s population. Smart surveillance, automated transportation, smarter energy management systems, water distribution, urban security, and environmental monitoring are examples of the internet of things applications for smart cities. IoT will solve major problems faced by the people living in cities like pollution, traffic congestion and shortage of energy supplies, etc. Products like cellular communication enabled Smart Belly trash will send alerts to municipal services when a bin needs to be emptied. By installing sensors and using web applications, citizens can find free available parking slots across the city. Also, the sensors can detect meter tampering issues, general malfunctions, and any installation issues in the electricity system. 6. IoT in agriculture With the continuous increase in the world’s population, demand for food supply is extremely raised. Governments are helping farmers to use advanced techniques and research to increase food production. Smart farming is one of the fastest-growing fields in IoT. Farmers are using meaningful insights from the data to yield a better return on investment. Sensing for soil moisture and nutrients, controlling water usage for plant growth. 7.Smart Retail The potential of IoT in the retail sector is enormous. IoT provides an opportunity for retailers to connect with the customers to enhance the in-store experience. Smartphones will be the way for retailers to remain connected with their consumers even out of the store. Interacting through Smartphones and using Beacon technology can help retailers serve their consumers better. They can also track the consumer's path through a store and improve store layout and place premium products in high traffic areas. 8.Energy Engagement Power grids of the future will not only be smart enough but also highly reliable. The smart grid concept is becoming very popular all over the world. The basic idea behind the smart grids is to collect data in an automated fashion and analyze the behavior of electricity consumers and suppliers for improving efficiency as well as the economics of electricity use. Smart Grids will also be able to detect sources of power outages more quickly and at individual household levels like nearby solar panels, making possible distributed energy systems. 9. IoT in Healthcare Connected healthcare yet remains the sleeping giant of the Internet of Things applications. The concept of the connected healthcare system and smart medical devices bears enormous potential not just for companies, but also for the well-being of people in general. Research shows IoT in healthcare will be massive in the coming years. IoT in healthcare is aimed at empowering people to live a healthier life by wearing connected devices. The collected data will help in the personalized analysis of an individual’s health and provide tailor-made strategies to combat illness. 10.IoT in Poultry and Farming Livestock monitoring is about animal husbandry and cost-saving. Using IoT applications to gather data about the health and well being of the cattle, ranchers knowing early about the sick animal can pull out and help prevent a large number of sick cattle. Reference: analyticsvidhya
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