Introduction
The Internet of Things (IoT) is no longer a mystery fad. It's a technology that has quietly gained traction and is now altering our future invisibly. The Internet of Things is the outcome of humanity's curiosity and desire to live a more convenient and connected lifestyle, which reduces work and eliminates the possibility of human error. That is why devices have evolved to take care of tasks that require efficiency. Humanity has realized that data is the new money, and that data can be used to address and fix a wide range of important issues, which is what drives the Internet of Things notion.
IoT is a technology agency that affects several industries. In addition, for IoT experts, a bright future is shining on the horizon.
Engineers enabled the gadgets to collect and share data and make accurate and educated judgments using Machine Learning and Neural Networks by connecting them and the internet (complex mechanisms). This step has yielded excellent results. As you read this, billions of linked devices are collecting billions of petabytes of data every day all around the world. These vast data sets contain critical pieces of information that can help with home security, entertainment, and even water conservation and fuel emission management.
Here is the list of Top 10 Real World Examples of IoT Applications are:
1. Houses with Smart Technology
2. Autonomous Vehicles
3. City of the Future
4. Shops that sell IoT products
5. Wearables
6. Farming
7. Smart Grids
8. Internet of Things in Industry
9. Telehealth
10. Supply-chain Management with Intelligence
Top 10 Applications of IoT
1. Houses with Smart Technology
Smart homes are one of the best and most practical IoT applications because they take both convenience and home security to the next level. Though IoT can be used at several levels for smart homes, the finest is the one that combines intelligent utility systems and entertainment. Your electricity meter with an IoT device that gives you insights into your daily water usage, your set-top box that allows you to record shows from a distance, Automatic Illumination Systems, Advanced Locking Systems, and Connected Surveillance Systems are all examples of smart homes. As the Internet of Things progresses, we can expect most gadgets to become smarter, allowing for improved home security.
2. Autonomous Vehicles
There has been a lot of talk about self-driving automobiles. Google experimented with it, as did Tesla, and Uber even developed a self-driving car that was ultimately shelved. Because we're dealing with human lives on the roadways, we need to make sure that the technology has all it needs to improve passenger and road safety.
Automobiles use a variety of sensors and embedded technologies that are connected to the Cloud and the internet to continuously generate data and send it to the Cloud for Machine Learning-based decision-making. Though it will take a few more years for the technology to mature fully and governments to adjust their laws and policies, we are currently experiencing one of the best IoT applications.
3. City of the Future
Smart cities are expected to be made up of not just internet connection for people in a city, but also access to the city's devices. And we can happily report that we're on our way to making this idea a reality. Efforts are being made to integrate linked technology into infrastructural requirements as well as certain critical concerns such as traffic management, waste management, water distribution, and electricity management, among others.
All of these things help to alleviate some of the problems that people experience daily while also adding convenience.
4. Shops that sell IoT products
You should see the video of Amazon Go — the eCommerce giant's concept store – right away if you haven't already. Perhaps the best application of technology for bridging the gap between an online store and a physical store is this. By deducting money from your Amazon Wallet, the retail outlet allows you to go cashless. When you select items from the shelves, it also adds them to your cart in real-time.
If you change your mind and choose another item, the prior one is removed from your cart and replaced with the new one. The concept store's best feature is that there is no cashier to bill your purchases. You don't have to wait in line; simply walk out after picking up your items from the shelves. If this technology proves to be beneficial in attracting more customers, it will undoubtedly become the norm in the coming years.
5. Wearables
IoT wearables are reshaping the way we receive healthcare and providing innovative insights and analytics for business sponsors, physicians, and patients. Data from IoT devices can help healthcare, pharmaceutical, and life science companies make better decisions and gain a competitive advantage.
Even now, wearables are a popular topic in the market. These gadgets are used for a variety of applications, including medical, health, and exercise. Jawbone, a wearables company, is the most well-funded of all the IoT businesses.
6. Farming
One of the industries that will benefit the most from the Internet of Things is agriculture. With so many advancements being made in agricultural gear, the future looks bright. Drip irrigation, crop patterns, water distribution, drones for farm surveillance, and other tools are being developed. These will enable farmers to produce a higher-yielding crop and better address their concerns.
On the farm, the Internet of Things allows devices to remotely measure various data and provide this information to farmers in real-time. IoT devices can collect information such as soil moisture, chemical applications, dam water levels, and livestock health, and monitor fenced vehicles and weather.
7. Smart Grids
Smart grids are part of the IoT framework and can be used to remotely monitor and manage everything from lighting, traffic signs, traffic jams, parking spaces, road warnings, and early event detection. such as the inrush of energy caused by earthquakes and extreme weather conditions.
A smart grid, for example, is a holistic system that employs a wide range of Information Technology resources to enable current and new gridlines to reduce electricity waste and costs. Electricity efficiency, reliability, and economics will all benefit from a future smart grid.
8. Internet of Things in Industry
The Industrial Internet of Things is made up of interconnected sensors, instruments, and other devices that are linked to industrial computer applications such as production, energy management, and so on. While the industrial internet is currently unpopular in comparison to IoT wearables and other uses, market research firms such as Gartner, Cisco, and others feel it has the greatest overall potential.
The IoT supports technologies such as cybersecurity, cloud computing, edge computing, mobile technology, machine-to-machine, 3D printing, advanced robotics, big data, the Internet of Things, RFID technology, and cognitive computing.
9. Telehealth
Telehealth, often known as telemedicine, is still in its infancy. Nonetheless, it has a bright future ahead of it. IoT Telemedicine includes digital medical imaging communication, remote medical diagnosis and evaluations, video consultations with specialists, and so on. The Internet of Things can promote various medical applications, such as remote health monitoring, body conditioning programs, rehabilitation, chronic diseases, and elderly care (Adibi, 2015). Compliance with remote monitoring of treatments and medications at home is an important potential for telemedicine applications.
10. Supply-chain Management with Intelligence
Supply chains have been around for a long time in the market. Solutions for tracking things while they're on the move are excellent examples. They are certain to stay in the market for a long time, thanks to IoT technology.
Intelligent supply chain management requires the implementation and use of modern technology to optimize all aspects of the supply chain. With the help of smart supply chains, companies can save costs, earn more revenue, speed up customer contact, and stay ahead of the competition.
How close is IoT to the Real World?
IoT is constantly changing, and it is being tested and used in more ways than you might think. Smart Breweries, Smart Coffee Machines, Smart Parking Facilities, Smart Supply-chain Mechanisms, and other IoT examples are just a few.
The breadth of the Internet of Things, according to Fortune Business Insights, the worldwide Internet of Things market was valued at US$250.72 billion in 2019 and is expected to reach US$1,463.19 billion by 2027, growing at a 24.9 percent compound annual growth rate (CAGR).
Conclusion
In just one year, the number of internet-connected gadgets has increased from 5 million to billions. According to Business Insider Intelligence, 24 billion IoT devices will be installed by 2021, generating over $300 billion in income.
The Internet of Things iterates, improves and expands. Its networks aren't pre-assembled; instead, they develop throughout time. To create a smarter society, the Internet of Things (IoT) has connected hardware and software to the internet. It has been rapidly expanding and provides a plethora of options for both government and business. Indeed, the number of job postings for IoT experts has reached an all-time high.
As a result, now is the greatest time to start investigating this technology's true potential. Because the Internet of Things (IoT) is here!
The Internet of Things is a concept that connects the virtual world of information technology to the real world. IoT technologies such as RFID and sensors make our lives better and more comfortable.
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