IoT examples from five major industries
So we’ve discussed how the Internet of Things (IoT) is impacting traditional roles in the workplace. That’s great. But, that’s not the only aspect of business the IoT is modernizing. Here are some examples of the major industries the IoT will impact as it continues to become more and more a part of our everyday lives.
First, let’s take a look at the manufacturing industry. The IoT allows businesses to monitor manufacturing operations like never before. Using data sensors, keeping tabs on the status of your machinery’s productivity has been brought directly to your mobile device. From spontaneous mechanical problem notifications to mandatory maintenance alerts, the IoT helps you keep an eye on your operations from anywhere and at any time. In our work with Lindsay Corporation, Concentrix Catalyst developed FieldNET, a wireless micro-irrigation system that allows growers to access and control their entire irrigation operation. The irrigation mobile app provides growers control of center pivot and lateral irrigation systems, pumps and valves, fertilizer and chemical injectors, filter flush capabilities, and frost protection plans. Ultimately, this relieves growers of the tedious task of manually monitoring water on site. It also helps conserve water and reduce costs.
Transportation and logistics
To say the IoT has helped the transportation and logistics industry is an understatement. By improving the overall efficiency and productivity of your company with the IoT, redundant work is eliminated which saves time and money. Furthermore, the IoT provides you with what our cloud consultants would call a ‘360-degree view of your customer’. By monitoring your customer’s complete lifecycle, responding to customer feedback and meeting their needs is straightforward and clear-cut. Most importantly, the IoT has elevated the level of trust in data control. Not only can data sensors placed on delivery trucks monitor the status of orders, but comprehensive IoT systems can also secure customer data without the clutter of excessive paperwork. But that’s not all – the IoT has also managed to develop key improvements for this industry in sales and bidding.
The financial services industry is also undergoing dramatic developments in the way it operates thanks to the rush of the IoT. First and foremost are the strides made in online banking. The push to replace credit cards and other plastic hardware in your back pocket with the mobile device in your front pocket is more tempting than ever. This is primarily due to the heightened security of online banking apps. Businesses can make electronic transactions on the go, regardless of what the account status may be. Although paper checks are by no means extinct, the IoT movement nevertheless urges a great deal of innovation in this industry.
Members of the field services industry are also finding the IoT has a great deal to offer for their line of work. Take Jill, for example. Jill runs a facilities maintenance business and has struggled for quite some time with managing the chaos of rolling service trucks, managing contracts, maintaining inventory, and locking in new customers. This in turn has impacted the quality of service and value she can offer her customers. With a best-in-class CRM tool like Salesforce and a custom app that allows her to track the location of service trucks, she can take her business to unprecedented performance levels. With a full 360-degree view of her customer lifecycle and her company’s internal operations, Jill’s job could be a whole lot easier.
Farmers and agricultural businesses including utilities or equipment manufacturers are already reaping the benefits of the IoT. Agricultural success comes down to a science and hard work. IoT apps can be used to measure soil moisture, diagnose equipment problems, control irrigation pivots, measure water consumption, and more. IDT’s implementation of Harmony Cloud, a rural water utility management system, is a perfect example. This .NET app utilizes field satellites and automatic meter reading devices to provide a speedy diagnosis of rural water utility operations. Like FieldNET, Harmony Cloud remotely identifies issues 24/7 so you can save time, money, and a whole lot of work.
Last but not least, the construction industry has also benefited from the IoT. To better illustrate, take our friend, Bob, for example. Bob runs a large construction company here in Omaha. Every day Bob deals with employees and equipment stationed at job sites across the nation. This requires a great deal of transparency and patience when it comes to his business and internal communication. But with an IoT app, however, Bob can keep tabs on all of his equipment and machinery from the comfort of a mobile device. The IoT allows Bob to pinpoint equipment location, track its usage, and receive updates concerning maintenance requirements and mechanical issues. How’s that for transparency? Furthermore, the efficiencies and cost savings Bob realizes from better equipment utilization can greatly outweigh the cost of developing and implementing the app.
Although these are not the only industries affected by the IoT, these six examples of major industries the IoT will impact are far ahead of the pack. From financial services to construction, to agriculture, the IoT has earned a reputation for innovation in a variety of industries, and that is why it’s here to stay.
About the author
Tags: agriculture, Construction, field services, financial services, Internet of Things, Logistics, Manufacturing, Salesforce, transportation
Matt Dillon is a VP of business development at Concentrix Catalyst. He has worked in a variety of roles at many technology organizations and loves finding creative solutions to complex technical challenges.