Internet of Things Essentials, Features and Practice

Internet of Things (IoT) extends internet connectivity to a diverse range of devices and everyday things. These devices utilize embedded technology to communicate, record and interact with the external environment using the Internet as a means of communication. A “thing” can be any object that can be assigned an IP address and can transfer data over a network. The connected embedded systems include small micro-controller-based computers that do not require a human interface, but rather function independently. Instead of interacting with a human, these systems use sensors or other advanced detection mechanisms to collect data and communicate that back to a data repository or act upon the data without user interaction.

IoT

Features

– Allows for devices to send data over the internet without any human-to-human or human-to-computer interaction.

– IoT and IIoT enables efficiencies that were not possible in the past as devices and assets can communicate with each other, create alerts, and take action.

– IoT is the backbone of smart cities, which integrate smart devices and smart infrastructure with IT to more efficiently manage a city’s assets.

– The Industrial IoT (IIoT) is transforming asset-intensive industries by reducing or eliminating downtime, enabling predictive insights, and boosting productivity and efficiencies across plants and entire fleets.

IoT in practice

Asset tracking
Stanley Black & Decker uses Cisco connectivity and smart RFID tags to track their products as they move
around assembly lines and throughout the plant. Direct cost savings are apparent as equipment effectiveness increased by 24% and costs have decreased because employees are better allocated and roles are more clearly defined.

Smart metering
GridComm in partnership with Intel is installing smart street lights in a few major cities. The lights will change their brightness and hours of operation based on real-time foot and vehicle traffic and use smart metering to analyze energy consumption. With a smart electric grid, a building could take this extra electricity and store it on batteries when it is cheaper and then use the supply when demand peaks.

Fleet management
Sierra Wireless’s mobile solutions and chips can be embedded in vehicles and provide numerous real-time insights and data. Their latest solutions offer fleet operators insights into environmental compliance, optimizing maintenance and logistics, optimizing routes and fuel consumption, and driver performance.

Predictive maintenance
VR Group, the state owned railway in Finland, developed a predictive maintenance solution that monitors train parts at all times. Models predict when parts will fail and they can be fixed preemptively preventing unnecessary down time. Using sensor data and analytics, VR Group gets a real-time overview of their fleet.

Source

PwC: Internet of Things essentials