The internet of things, or IoT, is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers (UIDs) and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.
IoT can connect every unit, device, asset, machinery, or equipment to a single network. With smart sensors, businesses can then track assets and control equipment. Real-time insights and autonomous control reduces waste and optimizes the entire workflow.
IoT devices can automatically track the location of each product, so you know where they are in real-time, and avoid the risk of human error in records. By tracking the path of your trucks, railcars, or vessels, IoT can also identify when a transport asset is being under or overutilized, and even calculate the most efficient transport route.
IoT devices can collect performance data automatically, which can be used for predictive maintenance to avoid down-time or increase machine availability. With clients expecting greater levels of customisation, and faster production, than before, many manufacturers are seeking ways to increase their productivity.
IoT can expedite growth and unravel new business opportunities across all industries. But the key to that growth lies in how quickly you can adopt IoT and become a differentiator in your industry.
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