The IoT is the next line of technological advancement that is likely to create thousands of well-paying professional jobs following reports from PK Agarwalequipmentwho is the regional dean of Northeastern University-Silicon Valley. An estimation of 6 trillion dollars has been given to showcase between 2015 and 2020. By 2016, IoT has reached over 43% of the world’s enterprises.
Manufacturing, transportation and utility rank highest in the investment in IoT, with manufacturing having over 178 billion dollars spent in IoT. Transport had a cost of $78 billion, and services ranked 3rd with $69 billion.
IoT technology (เทคโนโลยี IoT, which is the term in Thai) functions in two significant ways in this sector; the inward-facing and outward-facing. Manufacturers need to have an optimized system to monitor and track investments as networking increases.
The inward-facing covers private investments. IoT is employed to monitor products, processes, equipment’s and to carry out predictive or preventive equipment maintenance.
In the outward-facing, manufacturers use IoT in producing devices that examine their products consumed, measure sensor and sample data usage. This, in turn, informs the upcoming generation how best the product can be used.
According to Middleton, there is an increase in activities in the transportation world. Training drivers, more and more sensor vehicles used for public transportation, fuel consumption optimization, maintenance schedule, vehicles with digital data recorders devised to capture events as evidence that could result in cases like a severe traffic accident. All of these activities require the use of IoT.
IoT becomes a tool, especially in the electricity and gas industries. The use of smart grid meters which is easy to use, does not require batteries and does not need any spending to read the meter.
The oil and gas sector also employs IoT to monitor the underground valves and pipes and wires, to monitor equipment overtime, schedule maintenance and make provisions for safety oversight.
The use of IoT in the health sector is extensive. It is employed to monitor and troubleshoot problems with equipment, share images with a patient’s caregivers, real-time location systems that track stuff, dispensing medicine, staff and patients too. It is made use of for advanced implants, prosthetics for data streaming to medical providers. Software security is a significant aspect of the health sector to be looked into as it is the most significant area of vulnerability.
- Consumer Electronics And Cars
IoT is vast. On the level of the home, it will take a while for individuals to invest in IoT appliances like refrigerators or TV, especially when the old is not worn out. In the area of offices and equipment, building IoT is much employed. For producers and marketers, it is an avenue to manage connectivity with various IoT devices in their field. It also has abilities that give access to the drivers to have information, connect to the internet and diagnostic data for General Motors car.