IoT devices are defined as pieces of hardware such as sensors, gadgets, appliances, and machines that can be programmed for various applications and can transmit data over the internet or other networks. The first task of the Internet of Things (IoT) is to connect the physical to the digital. In this context, IoT devices can be connected to mobile devices, industrial equipment, medical devices, and environmental sensors. Its application areas can be diversified depending on the sector. In this article, we will examine 3 common reasons why IoT devices are used the most.
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Why Are IoT Devices Popular?
IoT devices are increasingly being used in autonomous driving, medical equipment, home automation, and industrial smart manufacturing, where they incorporate artificial intelligence and machine learning. IoT devices are usually designed in a small form and have low power consumption structures. It has cost-constrained microcontroller base systems. Among the reasons for its increasing use are data privacy and improving the user experience. It is possible to find IoT devices that provide high success in real-time data transmission in most industries today.
According to Allied Marked Search:
It is observed that the global IoT devices market will grow by 18.6% in terms of CAGR from 2022 to 2031. In other terms; The market value, which was $77.8 billion in 2021, is expected to reach $413.7 billion in 2031.
The main reason why the solutions created by IoT devices are popular is explained as the advancement of technology. The abundance of low-cost, low-energy equipped RFID tags is now enabling many industries to adopt this technology. High bandwidth can be provided by wireless networks. Machine learning, on the other hand, provides fast data analysis, making complex systems easy.
1. Building Enterprise Solutions
Each sector has an institutional structure that is divided into different branches within itself. Using their technological infrastructure, they use IT personnel to monitor and maintain their corporate structure. IT solutions created with IoT devices become an integral part of corporate structures. IoT, which is used as a security solution by the IT department, can be used to prevent cyber security attacks.
IoT, which is used within the corporate structure, also enables the development of a decision-making strategy based on customer analytics. Thanks to IoT device applications that offer real-time data, access to the information needed by the corporate structure is provided.
2. Improving Supply Chain Management
Supply chain management, which includes inventory management, fleet management, vendor relations, and scheduled maintenance, is a process that facilitates the flow of goods and services to customers. With the introduction of IoT devices into supply chain management, many advantages have begun to be gained in operational studies.
The Internet of Things is used in multiple areas of the supply chain process. In the case of shipping companies, the trackers are used to keep an eye on assets. With the forklift management solution, IoT devices also aim to analyze shipping routes to find the fastest and most fuel-efficient routes. Other parameters such as container temperature and humidity can also be monitored and controlled using IoT.
Real-time and remote management of fleets is provided to avoid any delays or problems with transportation. IoT provides a seamless experience for administrators and customers. In fleet management, IoT provides end-to-end connectivity between vehicles and managers, and between vehicles and drivers. Besides asset tracking, the Internet of Things also takes care of asset health and ensures compliance with regulations such as pollution emissions.
3. Integrating the Factory Structure
The Internet of Things aims to give more digital importance to purely physical devices. Considering a factory environment in this direction, many objects of interest appear in the IoT. The Internet of Things, which entered our lives with Industry 4.0, provides enterprise asset management and computerized maintenance management systems for most factories. Combining such systems with IoT-enabled sensors extends the physical life of machines and ensures availability and reliability.
Solutions created with IoT devices enable the creation of a management system that reduces costs by going beyond supply chain management and maintenance management. Aggregated data excel in helping to optimize product development and quality testing. It creates a versatile technology that can improve everything from packaging to management.
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