Sometimes, the Internet of Things can seem abstract or full of promises that it won’t deliver for another decade. Smart homes and self-driving cars are still only on the fringes of mass adoption and haven’t made a major impact on many people’s lives. But despite the hype, IoT/M2M technology is already proving to be an incredible tool that can provide aide for those in less fortunate communities. Here are five ways that Internet of Things technology is being used as a socially responsible resource.
Consumer devices like smart watches and automated home thermostats have created a big buzz for Internet of Things (IoT) technology. But more businesses can gain a greater Return On Investment (ROI) out of IoT if they look at machines talking to machines or M2M communications. In fact, the McKinsey Global Institute’s 2015 report “The Internet of Things: Mapping the Value Beyond the Hype,” estimates that B2B users can tap 70% of potential value in IoT. B2B applications with IoT connections can streamline processes and analyze Big Data far beyond the scope of consumer apps.
With the global population expected to reach 9.7 billion people by 2050, innovation in the agricultural industry is more important than ever. This growth brings with it a need for increased food production and a dwindling availability of arable land. Projections show that feeding a population near 9 billion people would require raising global food production by some 70%. To provide for such steep demands, old farming techniques are simply no longer adequate. Thankfully, the agriculture industry is a burgeoning sector within the Internet of Things, and farmers globally are ready to reap the benefits.
Getting your Internet of Things devices connected is just the beginning to running a complete IoT program. Once they’re online, you want to know what those things are doing, are they running efficiently, are there problems, how much data are they using, how much is this going to cost, and more. Clarity and insight into your IoT deployment is essential to managing the product lifecycle. Let’s look at the crucial elements of an IoT connectivity management platform that you should look for.
The Global Positioning System (GPS) was founded by the United States Department of Defense in 1973 to track objects on Earth in real time. It uses 24 active satellites known as the Global Navigation Satellite System, and three backup satellites in case an active satellite fails, all on a 12-hour orbit of Earth. While GPS is mainly funded and managed by the US Department of Defense, non-military users are allowed to use its standard positioning system without fees or restrictions. GPS is invaluable to an IoT system since it quantifies and records location, speed, time, and direction.