Bring Visibility & Insights to Business Operations with Custom IoT Solutions
Bring Visibility & Insights to Business Operations with Custom IoT Solutions
The application of IoT in business is transforming several industry verticals by optimizing and modernizing their business operations. Customized IoT solutions are changing and improving many facets of business operations.
Reduction in operation costs, real-time supply chain visibility, predictive maintenance, improved energy efficiency, productivity, and security are a few to mention.
IoT (Internet of Things) are the physical objects embedded with sensors, programs, and other signaling technologies for connecting and exchanging data with other devices and systems over the internet. In the present-day context of product design, manufacturing, or assembly units, IoT is involved in collecting data, triggering mechanical processes (single or batch), recording behavior, and influencing other operational conditions to get the anticipated product or insight.
Challenges Faced by Businesses in Managing Operations
There are multiple challenges that businesses go through in managing assets, inventory, warehouses, workforce, cargo operations, freight, supply chain, and other daily operations. Supply chain operations go through inventory inaccuracy due to manual sorting, pilferage in the cargo chain, inefficient cargo operations, improper warehouse management, insufficient skilled staff, raw material handling, and other challenges.
Sensors Help Capture Data in Different Business Environments
IoT and embedded technology is enhancing business operations at a bigger scale by transforming business operations and related challenges. The evolution of specific-purpose sensors in the form of sophisticated data collection devices is driving this transformation. Sensors and embedded systems are a significant aspect of IoT that detects changes in an object and the physical environment and captures the data.
Several types of sensors used in the industrial ecosystem are acoustics, ambient light, electric, magnetic, chemicals, motion, temperature, etc. Some examples of acoustics sensors are piezo microphones, electret microphones, and condenser microphones. MEMS technology and fuel cell help measure the fluid composition and chemical compounds concentration.
IoT Enables Data Visibility to the Captured Data
IoT connects the sensors through gateways that enable them to relay connected data to a server in the cloud. With the help of communication technologies, such as 5G, LTE, LoRa, Bluetooth, Wifi, and thread, the information gets transmitted to the computer or cell phone.
Analytical tools integrated into the stored data help identify patterns and trends and give data visibility. Continuous tracking of the associated parameters gives a broader insight and a regular process improvement.
Data visibility provided by IoT solutions helps track assets, detect security issues, and monitor container conditions for efficient supply chain management. For example, IoT sensors installed in warehouses help detect an item, i.e., when an item gets added or removed to a location, and thus track the movement of items around the warehouses.
Real-Time Visibility Helps Assess the Progress
IoT devices transmit real-time or almost real-time information that helps assess the progress or failure of a process immediately.
For instance, blockchain technology applications in the warehousing industry provide instant Visibility into how well the products are selling and track their physical location in real-time. It helps managers detect theft quickly, as they can pinpoint the missing object and keep a tab on sales across stores.
GPS-based asset management helps logistics companies trace the real-time location of the consignment in transit. It is a sleek plug-and-play device that can get placed in any container or vehicle. The tools and sensors help geofence the asset and alert the back-office team.
Advancement in Cloud Technology Makes Visibility
User Friendly and Infer Accurate Results
Cloud technology has a crucial role in transforming business and seamless operations. Cloud technology empowers IoT by virtually helping in processing the scaling up data.
With the advancement in cloud technology, such as cloud computing, the process of maintaining, storing, managing, processing, analyzing, and securing data through a grid of internet-based servers has become easy.
Since the data captured by IoT devices gets stored in the cloud instead of physical devices, access becomes convenient. The vast storage and high computational power of cloud technology analyze big data with the help of data science in a short time and with high accuracy. Automation, AI, ML, and other advanced data science technology used in data analysis give a much more accurate result.
