The market for the Internet of Things is growing more rapidly than you think. Here’s how to keep up.
By: Vanni de Sequera
For most of us, the “things” in the Internet of Things are vaguely understood systems of sensors and software that somehow interconnect appliances in smart homes over a WiFi network from an ISP. Or, maybe, you’ve heard from friends and relatives overseas that your Fitbit can link your wearables’ data to doctors that can use it for more personalized healthcare?
While this is the bright present of IoT, the future looks even more resplendent as the retail, office management, and logistics industries (to count only a few) are beginning to comprehend the monitoring, data analytics, and automation potential of IoT.
“If you think that the Internet has changed your life, think again. The IoT is about to change it all over again!” — Brendan O’Brien, Chief Architect & Co- Founder, Aria Systems
Reams of information can not only be collected without human error, it can also be synthesized to make the lives of both consumers and companies exponentially more progressive.
You know a particular technology has entered the daily lexicon when tech sites scramble to be the first to decipher trends. Here are three of them that are already shaping the course of how many work:
Bluetooth- and Wifi-enabled devices in the workplace capture the real-time feedback of sensors that smartly calculate peak occupancy inside a building, allowing the adjustment of lighting and thermostats, among other things, to conserve energy and lower utility bills.
With IoT-connected devices and its accompanying AI software, workers can be rapidly alerted about system failures perhaps due to overdue maintenance procedures, indoor air-quality issues, and even virus-related considerations that may go unrecognized in the workplace.
Imagine this particularly increased efficiency—IoT sensors that can automatically manage inventory devoid of human counting error. With this high-technology inventory system, supplies will never have to reach critical levels before it’s too late because of heightened monitoring.
Not only will this free your enterprise from assigning staff to do this usually error-prone dirty work (and instead allow them to focus on more constructive, humanistic endeavors), inventory data can also be analyzed to predict future requirements and ensure maximum supply-chain efficiency.
So Now What?
The Philippines is no laggard when it comes to adopting the disruptive technology of the Internet of Things.
A few select local companies have already convinced others that the Fourth Industrial Revolution is forthcoming, leading not just to individualized corporate profit margins but to added GDP for the entire country.