Manufacturing
The next generation of the industrial revolution has begun, and it is the Internet of Things that is driving such an emergence. Products and devices are able to feed data as they are used.
66% of early movers are using IoT to measure risk, protect company assets and improve employee safety.
76% of manufacturing first movers help them gain better insight into customer preferences and behavior.
61% of early movers use IoT to improve their reliability and product performance and service.
66% of first movers see the IoT as key to their competitive advantage.
Healthcare
A growing and aging population is placing a heavy burden on healthcare, and the Internet of Things can provide relief. Through the IoT, patients can choose to be treated at home. Medical professionals and devices will be able to track patients through the IoT, not only to improve existing conditions, but also to respond in a timely manner. The monitoring of health conditions and the identification of medical conditions will also be faster than ever before.
82% of healthcare companies believe that IoT automation has greatly streamlined their back office processes.
54% of healthcare industry pioneers have enriched their products or services with IoT information.
For example, the current market for baby monitors is dominated by continuous information capture through video and audio devices, and even mobile monitoring, but is very prone to false alarms. In contrast, by feeding back the infant's blood oxygen saturation measured by pulse oximetry through IoT, parents can be alerted on their cell phones in time for emergencies where the infant suddenly stops breathing.
Energy and Utilities
The Internet of Things can connect more sources of energy to a growing demand, and it can integrate renewable energy sources for clean power generation. Through the IoT, people can be informed about devices in near real-time, reducing the impact of temporary power outages.
In total, more than 60 million smart meters are in service in the United States.
By 2025, the use of IoT technology in distribution and substation automation could realize an additional $13-24 billion in annual profits.
Transportation and Distribution
The Internet of Things has taken trajectory tracking to a whole new level. It enables all parameters of the shipping process to be recorded, not only location, but also, for example, temperature, humidity, vibration, tilt, etc. This all-round monitoring of drivers and equipment greatly improves safety. It especially brings driverless cars closer to reality.
83% of pioneers use IoT to help them make better decisions by improving anticipation of operational performance and risk.
83% of pioneers see the IoT as bringing new business models to the transportation industry.
86% use IoT to assess risk and protect company property and employee safety.
Agricultural Technology
The Internet of Things helps to achieve precision agriculture. It helps make seeding, irrigation and fertilizer use more accurate. IoT can monitor soil quality, wind speed and sunlight, which allows farmers to know what level their crops are growing to. Also, the use of IoT in agricultural production can save resources, reduce costs and reduce environmental impact.
For example, sensor data can suggest how much water is more appropriate to irrigate. These predictive irrigation recommendations save resources such as water and electricity, prevent crop diseases, reduce costs and improve crop quality.
For example, the IoT can also help farmers manage their farms. Using apps and sensors, farmers can collect, store and track data information about their farms, including temperature, air quality, energy supply and feed use, allowing farm operations to be observed and managed remotely.
Smart Cities
The full-bodied form of the smart city may not be available yet. But smart cities are being built. The Internet of Things can be used to reduce energy use, manage traffic, and increase citizen safety. IoT can help urban residents, who make up half of the world's population, make their lives easier, cleaner, safer, and more enjoyable.
81% of people have a strong expectation that they will be better served through IoT information.
76% of pioneers have improved anticipation of operational performance and risk through the IoT to help them make better decisions.
68% of Forerunners IoT automation has greatly streamlined processes in their back office.
71% use the IoT to assess risk and protect company property and employee safety.
For example, a networked accelerometer can detect the initial signal of an earthquake. If an earthquake is detected, it alerts people that the earthquake is minutes away, like a warning from the user's smartphone on a risk map, which gives people more time to find shelter or stop critical activities.
Retail
The Internet of Things has been changing the retail industry. It can make the in-store shopping experience more personalized. In addition to consumers no longer having to worry about getting lost in the mall, the IoT can recommend channels you "might like" through your purchase history.
89% of manufacturing first movers are helping them gain better insight into customer preferences and behaviors.
77% of retailers believe the IoT can transform the consumer experience.
84% of retailers say consumer value lies in the exchange of information to improve their shopping experience.
77% of first movers believe the IoT is creating new opportunities and new partnerships at the level of product and service offerings for customers.
Financial Services
In a data-driven global financial environment, the Internet of Things is helping to increase intelligence, reduce risk and provide a better digital experience. It can be used to calculate insurance costs, for accurate credit analysis, personalize the retail banking experience and deliver customized new products.
77% of first movers see the IoT as key to their competitive advantage.
77% of early adopters believe the IoT is creating new opportunities and new partnerships at the level of product and service offerings for customers.
83% of early adopters believe that more and more customer relationships are being resumed due to ongoing service agreements rather than the sale of products.
77% of early adopters believe their customers understand the value of the IoT.
Smart Home
"The annual shipments of Chinese home appliances are more than one billion, with an output value of nearly $300 billion. And the replacement cycle of each home appliance is 3 to 5 years. The increased cost of introducing IoT is actually not much..." Helium Krypton Technology said that last year 80% of home appliance manufacturers did research and development on smart home, for example, half of the familiar floor sweepers are connected to the Internet of Things.