Exploring the Future: 3 Examples of Internet of Things Applications You Need to Know
The Internet of Things (IoT) has emerged as one of the most transformational technologies in recent years. It has transformed how we interact with our devices and has significantly impacted industry verticals such as healthcare, manufacturing, and transportation. The number of connected devices worldwide is expected to reach 50 billion by 2025, according to a report by Cisco. In this article, we will explore three examples of IoT applications that you need to know.
Smart Homes
Smart homes are a perfect example of an IoT application. These are homes that are connected to the internet, allowing devices to communicate with each other and with the homeowner. Smart homes utilize voice assistants, sensors, and smart devices to make the lives of homeowners more comfortable, convenient and secure. Voice assistants like Amazon Alexa and Google Assistant can be used to control home automation systems like lighting and heating. Smart thermostats can detect when you’re home and automatically adjust temperature settings to your preferences, thus reducing energy bills. These innovations in smart homes have led to an increase in home automation, and industry projections estimate that the smart home market will reach $53.45 billion by 2022.
Smart Cities
Cities that integrate technology into their infrastructure are called a “smart city.” Smart cities use IoT devices such as sensors, cameras and other connected devices to collect data on urban mobility, energy consumption, and public safety. By collecting data through IoT devices, cities can optimize functions such as traffic flow and street lighting, reducing congestion and energy use. For example, Barcelona installed smart sensors in its parking spaces and was able to reduce traffic congestion by 23%. Smart cities are projected to reach a market size of $158 billion by 2022.
Telemedicine
Telemedicine is the use of telecommunications technologies to improve health outcomes. With the increasing cost of healthcare, telemedicine is becoming an important aspect of healthcare delivery, especially in rural and underserved communities. Telemedicine uses IoT devices like wearable sensors to measure vital signs and other health metrics, then transmits that data to the doctor. Using this real-time data, doctors can monitor patients and provide customized care to improve their health outcomes. Telemedicine has led to a more patient-centered model of care, improving access to healthcare services and reducing healthcare costs. The market size of telemedicine is projected to reach $185 billion by 2026.
Conclusion
The IoT has the potential to significantly impact many domains. The examples mentioned in this article highlight how IoT connected devices can automate processes, improve efficiency, and ultimately improve people’s lives. The growth of IoT means that businesses need to be prepared to take advantage of these new opportunities to gain a competitive edge. As IoT devices become more widespread, the possibilities for innovation are endless.
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