Top IoT use cases & statistics for 2024
January 31, 2024
Top IoT use cases across industries
Equipment predictive maintenance
When industrial IoT sensors are installed so densely they can gather information on everything inside a factory, manufacturers can create a virtual copy of their facility with the help of machine learning and cloud computing capabilities. Digital twins in manufacturing let engineers simulate production floor processes, conduct experiments, and discover issues or opportunities for product improvement without interfering with manufacturing processes.
Smart energy management
Prominent real-life applications of IoT
Shopping with Amazon Go
Looking to adopt an IoT solution for your business?
IoT statistics for 2024 & beyond
Factors influencing IoT adoption
Positive and negative factors affecting the at-scale adoption of IoT solutions vary from industry to industry. Still, McKinsey managed to single out cross-cutting tailwinds and challenges businesses face when implementing IoT systems.
Scheme title: Factors influencing IoT integration
Data source: mckinsey.com — The Internet of Things: catching up to an accelerating opportunity
Tailwinds accelerating the adoption of IoT
Perceived value proposition
IoT implementation: 5 best practices
Integrating any IoT system into business processes requires a comprehensive strategy and a complex approach. Here are the top 5 best practices to help you successfully implement an IoT solution.
1 Set clear objectives
2 Ensure interoperability & compatibility of IoT devices
3 Select powerful IoT data analytics tools
4 Don’t neglect security
5 Adopt a consistent change management strategy
Start your digital transformation with IoT
IoT is a fast-growing technology offering companies of all sizes transformational solutions. By taking a proper approach to IoT implementation and eliminating all potential obstacles, businesses can unlock the full potential of IoT solutions and benefit from real-time visibility, increased operational efficiency, reduced operating costs, and data-driven predictive and prescriptive insights. If you’re looking for a technology partner to bring your IoT solution to life, turn to Itransition experts for professional IoT implementation services.
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