If you’re someone who still thinks the Internet of Things (IoT) is tomorrow’s technology, it’s time for a wake-up call. It’s already here and making a big impact on business. As you can see, the Internet of Things can bring big benefits for both businesses and their consumers and as more and more businesses take up its use, it’s the ones who don’t who are being left behind.
What is the Internet of Things?
The Internet of Things (IoT) is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect and exchange data, creating opportunities for more direct integration of the physical world into computer-based systems, resulting in efficiency improvements, economic benefits, and reduced human exertions.
Impact of IoT
* Improved safety and security
Many of the current CCTV and access control products now available are IoT-enabled and bring with them lots of safety and security advantages. As a business owner, it is possible to view what is going at in your premises from anywhere in the world. CCTV systems are now so sophisticated they can spot and track suspicious behaviour and report it directly to security companies or the police.
Access control devices not only control who can enter the building or restricted areas but can be used to monitor where people are, book rooms and resources, keep tabs on attendance and punctuality, prevent overcrowding and, in emergency situations, can be used to direct people to the safest route out of the building.
* Health and Exercise
Tech junkies may fantasize about “gyms of the future” equipped with IOT devices, but the technology is already here — on the individual level.
Wearable tech, namely smartwatches and wristbands, have entered the market in droves, offering users all sorts of personalized data about their health and fitness activities. Several steps above a pedometer — smart watches can track your calories burned, heart rate, and a ton of other health data.
And it’s not all about staying in shape — IOT devices can help monitor overall wellness. There are already many smartphone apps that can monitor glucose levels for diabetics and other health data. Meanwhile the 2nd generation iWatch and Simband are rumored to include heart rate monitors and wellness trackers that doctors may be able to use to optimize care for their patients.
* Smart Home
Wouldn’t you love if you could switch on 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.
IOT is also helping businesses optimize in a number of ways. Some stores are already using signals from shoppers’ smartphones to track their behavior in-store, pairing it up with their online data to get the most in-depth customer profile possible. Retailers with apps can then use the data to deliver coupons and special promotional material to the customer’s phone at the perfect time and place.