Corporate companies are in the rivaling competition of introducing IoT enabled products into the market every day. By holding a huge hype, IoT based applications are largely aiding to the growth of the business sector. Here are some of the topmost applications of the Internet of Things.
Application in Smart Homes
IoT has been providing numerous applications to the world, smart homes being distinct among them all. It has been noted that more than 60,000 people seem to be searching for Smart homes, which is not a big surprise these days. The company analytics of IoT database for smart homes includes around 256 companies as well as start-up organizations. Also, the overall funding for smart home start-ups exceeds $2.5 billion.
Application in Smart City
Smart city solutions usually promise to lessen the problems of people who are living in cities by providing them with options on traffic management, waste management, environmental monitoring, water distribution, urban security and so on. They also solve problems that are been caused due to traffic congestion and help to reduce air and noise pollution, thereby making the cities safer.
Application in Smart Farming
Since smart farming does not fit into the most known categories like health, mobility, or commerce, it has been an overlooked case of business for IoT. IoT has been effectively revolutionizing the way farmers work by providing them a great help in the overall monitoring of farming. Smart farming applications are expected to become the most important in countries that are exporting agriculture products.
Application in Smart Chain Supply
IoT has been bringing up effective solutions for smarter supply chains like the tracking of goods, gaining of suppliers, and exchanging inventory information. In recent years, smart chain supplies have been benefiting a lot with the use of IoT in it.
Applications in Smart Grids
Smart grids, which are been developed in recent years, promises to use details and information about the suppliers and consumers of electricity. These applications have helped a lot in improving the overall efficiency, and reliability of electric power.
Applications in Digital Health
The application of IoT benefits the well-being of people since connected health-care systems and software applications bear huge potential in the medical sector.
Application in Connected Cars
The application of IoT in connected cars is a technology that is coming up and the automotive industry has been widely working on the ideas of incorporating IoT based technologies and solutions in cars for the past few years.