Internet of Things
USHERING INTO INDUSTRY 4.0 WITH INTERNET OF THINGS (IOT)
Internet of Things (IOT) have come a long way since it started becoming a part of IT discussions in 1980s. In 1982, students of Carnegie Mellon University for the first-time invented ARPANET and had connected a Coke Vending Machine. In 1990, a toaster was connected to the internet through TCP/IP protocol and this is considered to be the very first IOT device but apart from some similar projects and discussions throughout the 1980s and 1990s the progress was not significant because the technology was not ready to support connected devices and sensors.
Internet of Things Solutions were initially considered as an offering for businesses like manufacturing but over the years has found its way into so many other areas and is omnipresent today. Analysts predicts that by 2020, there would be around 41.6 billion connected devices and it would cover almost all industry verticals like manufacturing, automotive, healthcare and lifesciences, home and office automation, agriculture, energy and utilities, smart cities, aerospace and defence etc. Beyond computers and smartphones, the next big wave of connectivity will be from connected devices and smart sensors in automated industrial factories and plants, smart homes, intelligent traffic systems, smart cities, wearables, healthcare and connected vehicles, smart home appliances etc.
APPLICABILITY OF INTERNET OF THINGS
INDUSTRIAL IOT (IIOT)
Industrial IOT (IIOT) or Industry 4.0 is the new buzz word in the manufacturing sector and it is actually an amalgamation of IOT solutions and services, Software, AI, Data Analytics and Big Data. Hundreds and thousands of sensors embedded in the numerous smart machines in plants and manufacturing facilities are emitting data in huge numbers and this data is used in a variety of applications like operations, productivity metrics, predictive maintenance etc. Industrial Internet of Things implementation also holds enormous potential in many areas like smart supply chain where things like tracking of goods, real time inventory data among various stakeholders, automated delivery scheduling will greatly enhance the supply chain. At the same time, if enabled across the entire supply chain, the impact could be even bigger with just in time delivery and handling of materials contributing to enhanced production operations.
The concept of connected cars is gradually picking up and almost all of the auto majors are seriously looking at as the next big thing which will boost their business. They are exploring the ways by which Internet of Things solutions can help them optimize the car’s operations, internal functions, maintenance and passenger experience. The digital strategy of auto majors till now has been around plant automation, supply chain, customer experience etc but off late they have started to include the connected cars as part of their blueprint with customer at its core.
Internet of Things solutions and services are going to significantly transform the Fleet Management business. Fleet Vehicles embedded with sensors can communicate with the backend systems and help businesses communicate with the drivers and use the IOT data in decision making and streamline their operations in line with the business needs. Geolocation, Route Optimisation, Telemetry, Fuel Consumption, Fuel Pilferage are some of the use cases that Fleet Managers are looking to implement. With the advent of Electric Vehicles real time data from Battery Management System (BMS) and other On-Board Diagnostics (OBD) makes a more compelling use case for IOT in Fleet Management.
LOGISTICS & SMART SUPPLY CHAIN
Supply chains have started to getting smarter off late. With Internet of Things solutions, it is going to become more smarter with things like RFID based real time tracking of goods, IOT based movement of trucks and carriers, temperature and pressure-controlled storage containers and many such applications of IOT. Real time tracking of inventory and maintaining reorder levels are going to be the new normal going ahead.
Smart cities are going to transform our lives. Our cities are going to become smarted with connected and intelligent traffic management system, smart commercial parking, smart electricity and water distribution systems, smart waste management, urban mobility, EV charging stations and so on. Internet of Things solutions and services plays a very important role in smart cities and the results have been phenomenal.
Smart Grids involves usage of intelligent sensors and smart meters at different strategic locations across the ecosystem like power generation plants to distribution points to end consumers. IOT solutions for smart utilities can help Smart Grids collect data from these sensors and meters and analyse various factors pertaining to demand and supply of power and use them in streamlining Grid operations, Monitoring, Load Management, Demand Fulfilment etc. Smart Grids would also be capable to identify and pinpoint the locations and sources of power outages, detection of faults which will help them in repair and upkeep of the network and at the same time get a view of customer’s consumption patterns so as to serve them better.
Healthcare and Lifesciences is one industry which is the most impacted by Covid19 and going ahead Healthcare Providers will start looking at using IT in a bigger way than they do today. Connected healthcare powered by Internet of Things solutions and services is going to be the big buzz word. The concept of connecting smart medical devices with the Healthcare Provider’s core IT systems will help them in patient care, pre and post hospitalisation monitoring etc. Wearables are also going to play a major role in this, wearable will be sending patient data like blood pressure, heartbeats, calorie consumption etc to the hospitals and clinics and doctors can monitor the health of the patient remotely and can prescribe treatments remotely. This is going to be very useful in providing personalised attention and care remotely.