Smart IoT devices are increasingly key in a fast-paced, golden age of technological development. Here are 3 reasons why you should consider them.
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How technology has progressed
Look around you. Think of how much technology has evolved and developed in a few years. We are living in a fast-paced, golden age of technological development. Basic mobile phones, once only capable of making calls, have been replaced with smart mobile devices.
Phones are now the modern-day pocketknife, whilst the internet is an absolute necessity. In case you haven't heard, the big thing already with us is smart IoT. The same is true for Industrial IoT. The global IoT in the manufacturing market could reach approximately USD1.52 trillion by 2030.
Virtually everything is becoming wireless. Today's IoT technology requires an internet connection though wi fi, ethernet or cellular. It allows you to connect any smart IoT device to your automated system and control it easily - in a way only imagined before. If you want to know more about what is IoT (Internet of Things), head to our previous article on the subject.
Predictions for IoT
Forecasts suggest that the number of IoT-connected devices worldwide will increase from 8.6 billion in 2019 to 29.4 billion by 2030.
The increase will be especially evident in using automated technology in our homes and workplaces. Smart IoT solutions offer various advantages which conventional homes or workplaces can't. These devices will increasingly provide users with features that can be controlled remotely by computers or mobile phones, of course!
The improvement in business and lifestyle is real and, apart from making our lives better, smart IoT devices are practical, efficient and green too. The best thing about it is that it is just the beginning! Smart IoT devices will improve so much more from here on out.
Whilst installing smart IoT devices at home is relatively easy though, embarking on an IoT journey for a business may be complex. Industrial IoT projects may be difficult endeavours, requiring a wealth of knowledge and involving specialised companies.
Here are three main reasons why smart IoT devices are key features to consider, whether at home or for your business.
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Smart IoT and convenience
Our smartphones often connect to a list of smart devices in our 'connected homes' and beyond. Think of smart lights, TVs, thermostats, cameras, locks, and various smart home appliances. You can easily manage these devices from your mobile phone or a touch screen. Apart from being connected, these options offer one basic thing money can buy, and that is convenience.
This point is important because what can be better than convenience in today's fast-paced lifestyle? What if you are running late and need to preheat the oven on your way home? Did your children forget to turn the lights off in their room? Not to worry, just a quick tap on your phone, and they're off.
These are luxuries which were not available in the past. Instead, we are at an age when the possibilities are truly endless.
In businesses and industrial workplaces, smart IoT and its innovative applications are transforming our work. With nearly limitless possibilities, the Internet of Things can be applied to various retail sectors to benefit retailers and customers.
Think of smart shopping lists and supermarket shelves, or supply chain monitoring or temperature control of valuable stock for people in business.
Safety, Monitoring and Security in Smart IoT
What is more important than your family's safety? Smart homes give you a security system and the ability to view the camera footage remotely. It is one of the options available for you to incorporate security and surveillance features in your belongings. You can check up on your home, car or boat security at the touch of a button.
Smart IoT devices allow you to ensure your doors are locked and the oven is off, without you having to double-check or worry about it. Some home door locks can even link to emergency numbers, whilst others have uncommon entry methods, making them difficult to tamper with. Real-time surveillance and monitoring allow homeowners to know what's happening and receive real-time alerts on any questionable occurrences.
A further layer in terms of security technology is video analytics. These systems are intelligent enough to recognise the difference between images of animals, humans, or vehicles, saving you from false notifications and alarms.
Smart IoT technology also has huge potential within the healthcare industry. IoT devices in healthcare provide discrete home caring and assisting devices. These allow us to check on the elderly, reassuring us of their safety whilst allowing them an independent living.
The benefits in terms of Industrial IoT are significant. Preventive maintenance, for example, involves better monitoring and pro-active maintenance of equipment to avoid downtime. Online checking keeps equipment running smoothly and prevents any failures that mean costly delays. Smart IoT devices help companies connect essential equipment with sensors to receive crucial data regarding work progress and allow preventive maintenance.
Preventive maintenance allows manufacturers to keep track of the machinery through proactive alerts on status. This allows manufacturers to work on remedies when parts are likely to fail. Regular monitoring is, in turn, converted into increased productivity as well as an efficient and healthy relationship with customers.
It is no wonder we often find ourselves looking for the best smart home devices we can get. These smart IoT devices can save us time and energy and stimulate curiosity. They will always remain an attractive option to users. It is not all rosy, though, in the world of IoT and security risks are always lurking behind the scenes.
Infrastructures are becoming more and more connected, regularly generating big data. As a result, even a small security hole can be exploited and redeployed a million times over, using other connected devices. To know how to safeguard yourself and your system, read our previous article about smart IoT devices security.
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Monetary gains from smart IoT devices
When selling smart homes, homeowners can advertise something which is additionally attractive. Smart home features drastically add to the value of the property. It is an additional feature that adds interest and can drive negotiation to the seller's favour.
Monetary gains are not limited to homeowners only. As we have seen, industrial IoT is on the rise and is a way to increase productivity and efficiency. Fleet management is an example of a smart IoT device installed in each asset which has been employed for a number of years. Each device is connected to a system by which companies can monitor movements. As a result, unnecessary routes are avoided, and employee workflow monitoring is improved. This also allows the company to provide better service to its customers and improve planning. In addition, this reduces fuel costs, and is more environmentally friendly.
The same goes for asset tracking, where IoT technologies allow companies to monitor in real-time constantly moving assets. Such monitoring gives the business a holistic view of its product's quality, location, and lifespan.
Overall, we are a society that seeks new experiences. We are attracted to the idea of a more developed lifestyle. With IoT smart homes and IoT smart city living making such a great start just a few years ago, the only way is up.
Advantages and disadvantages of smart IoT devices - a recap.
Advantages of smart IoT devices
Smart IoT devices provide excellent automation and control.
IoT devices possess strong monitoring features.
A smart device provides increased technical information and data.
Increased data means informed decisions.
Smart IoT devices provide increased control and information that help to reduce manual tasks.
Reduced manual tasks and re-deployment of higher skilled workers.
Smart IoT devices in daily life help automate tasks, leading to increased time efficiency and, overall, a better quality of life.
Disadvantages of smart IoT devices
Embarking on an IoT project may be highly complex, requiring a wealth of knowledge.
Internet of Things devices can be subject to privacy and security breaches unless necessary security precautions are in place.
AI technology in the IoT world is constantly evolving, meaning we will become increasingly dependent on certain devices.