You may think that the term Internet of Things (IoT) is something that will become a reality in the distant future. However, IoT app development has already become a reality and has started becoming an integral part of modern life. Conceptually, it is simpler than you can ever imagine. You can consider the example of a fridge doorbell, or smart TV, and even any other connected devices for the purpose. It is important to understand that the scope of IoT is broad. So, if you have used your Smartphone to navigate through the list of daily chores then it also becomes a part of the IoT. Now the big question is, how does the interconnected world of devices work? More significantly how can it help enterprise by rendering a valuable competitive edge?
Big data holds the answer to these questions. IoT is essentially powered by Big Data and with the emergence of 5G networks, expandable Wi-Fi capabilities, and growing use of smartphones, the big data is almost growing at an exponential rate.
The connection between IoT app development and Big Data
To comprehend how an IoT app development company is benefited by Big Data it is important to examine the individual fragments in the workflow:
- The device of a company can collect and transmit data when installed with sensors.
- This data can be of several petabytes that get stored in a central repository called Data Lake. It includes structured and unstructured data.
- Charts, reports, and other outputs can be produced by AI-powered analytics.
- The Data Lake is oozed with humongous volumes of Big Data through different metrics in user devices like tangible transmission, Metadata, scheduling, preferences, and custom settings.
IoT devices and Big Data share a symbiotic relationship. If you have a system of AI that can process data to assist the decision-making process the equation grows. Since the data source and its repository are the same the complexity of AI model surges as more AI devices get integrated. An IoT application development company can help to optimally utilize the big data hardware and pull the necessary information. It all comes down to smart investments.
The Business Implication
Making investments in the collection of Big Data and interconnectivity of devices pays rich dividends when it comes to building upon satisfactory customer experience. At the same time, it complements the leverage of industry standards and enhances existing capabilities. From a technological viewpoint, it implies setting up avenues where data can be identified, collected, and processed to produce an output benefitting the business and the consumers.
Consider the example of a theme park. People tend to avoid them because of queues. However, real-time data like line status and average wait time at different times of the day can make the venue easy to access. It will let people to optimally utilize their free time and plan around their needs. It can be small children or just sheer patience that can convert customers and build relationships.
Likewise, retailer apps can help consumers with added convenience and savings. By combining data collected from social media or demographics and collating it with structured data like browsing history can help to make smart recommendations and offer coupons that are generated algorithmically. Suppose a region is experiencing serious cold waves. Backend analysis can portray a spike in the search room heaters and cross-reference it with the user’s browsing history for generating a product-specific coupon and inform consumers that the item is available for pickup in the store. Thus, connectivity and data are collaborating to facilitate repeat purchases at lower prices.
The Path ahead
Businesses that are ambitious in exploring the opportunities that are presented by IoT have two major considerations. First, you have to understand how interconnectivity and its metrics can contribute to improving customer experience. The benefits can be indirect like the creation of a system that facilitates optimization of interdepartmental communication and streamline processes for customers that are waiting. Next, you have to consider the present state of IT infrastructure. Adaptation with Big Data and IoT needs requires a high level of scalability when it comes to processing speeds of traditional hardware.
On the outset, the decision may seem to be an exclusive meant for the IT department. However, in reality, it is indeed a business decision. The opportunities created in the way will render dividends on demand and enhance the reputation of the company as a forward-thinking and tech-savvy institution. It will promote the loyalty of customers as well as lay the foundation for future improvements.
Conclusion
The creation of a satisfactory IoT experience necessitates the disposal of sufficient resources up-front. Investment of these sorts is a dire necessity these days. As connectivity has become an integral part of our daily lives organizations that will not prioritize Big Data and IoT will lose out to completion.
However, the term Internet of Things was coined in the late 90’s for gadgets connected with the Internet.
Today, as the corporate sector is ready to implement technological advancements for enhancing efficiency and improving customer services, IoT is ready to play a bigger role than ever.
Perhaps, this is the reason why the concept is evolving rapidly by including other emerging technology trends like AI, AR, and blockchain.As per one prediction, the IoT will generate a whopping revenue of $344B while reducing as many as $177B as corporate expenditure by 2020.
In such an exciting scenario, we can readily presume that IoT will drive the future of mobile app development in the coming years.
This technology is mainstreamed to develop the smart city and smart workplace.
Image Courtesy: Gyantemple Let’s go through the top IoT trends that will shape the app development domain in 2019:1.
The IoT technology (Internet of Things) is the key driver for the car, home, and office automation.
Data gathered through the smart IoT devices can be used by countries to manage traffic, reduce pollution, and make better use of the infrastructure.
IoT app development companies are creating apps for controlling digital devices using smartphones, wearables, and other smart devices.According to IT Pro in 2018 near to 3.6 billion internet-connected were used for daily tasks.
According to Market analysts, the number of connected devices will double from 2017 to 2020.
Some of the popular IoT applications include smart homes, wearables, smart cities, smart grids, industrial internet, connected cars, connected health, smart retail, smart supply chain, and smart farming.Role of IoT In Making Cities SmarterDensely populated cities like Tokyo( 37.4 million population), Jakarta(31million), and Delhi (26 million) are facing difficulties in conserving their resources, managing traffic, disposing of the garbage, and reducing air pollution.
Introducing IoT to these cities improves the quality of life and reduces the consumption of resources.Smart City Components and their Impact in the IoT Era:1.
Reduced complexity of operations, increased device efficiency, and driving innovation that comes along with IoT solutions is what’s encouraging businesses to walk that extra mile with digital transformation.
The Internet of Things (IoT) has grown to become one of the key technology enablers for digital transformation for businesses across the world.Since IoT has proven to be a growth driver for companies across industries, it is obvious for businesses of all sizes to look for IoT solution providers that better suit their needs.
Pratiti Technologies is an affordable IoT app development company that provides IoT consultancy, IoT solution architecture, module design & development as well as IoT operations & support services.
Their skilled IoT app developers, proven app development processes, and their IoT enabled Industry 4 accelerators to make them a leading IoT app development company.
As an IoT app development company, Hakuna Matata Solutions offer custom made IoT applications that can solve your industry needs like effective machine management, reducing unscheduled down time, improving productivity and so on.
Thanks to the power of the Internet of Things (IoT), managing your assets is now smarter than ever – because it is now accurate, comprehensive, intelligent and real-time.
Contact us to get an idea of how IoT-enabled asset tracking benefits manufacturing.
Not just for a particular arena or to a particular customer, but also various businesses are using IoT for streamline operations, data collections, and mainly to offer better services to their customers.
This is why it is becoming widespread in the entrepreneur community and is recorded to be used by a count of 60%.IoT applications are not just restricted to some industries, rather various industries can explore its applications in the following waysImproving Product linesTalking about the agriculture industry, monitoring the crop conditions forms the basis for the yield.
Thus helping the farmers to find ease in their jobs.
These sensors can be easily operated as they are connected to remote planters and farmers can make adjustments at any time and from any place.In the above example, both agriculture farmers and agriculture equipment companies, both are benefitted from IoT.Reduced Shipping CostThere are certainly challenging in the automobile industry like high expenditure for maintaining vehicle fleet, vehicle disturbances like breakdown and accidents.
In order to meet these expenditures effectively, Saia LTL Freight, an International truck manufacturer, implemented IoT programming for reducing these expenses.
Now, this company’s trucks are loaded with IoT devices which can monitor the vehicle conditions continuously.These sensors serve functions like alerting drivers and dispatchers for meeting fuel efficiency problems, meeting various maintenance needs and safety issues.
Choosing the best company over the internet is always a tough task and requires a lot of time and mind to analyze the best qualities in each player.
In case you are looking for top IoT application developers and companies, definitely its a tedious process to choose the top and best players from this wide range of IoT service providers in the market.
Here I would like to suggest a curated list of top IoT app development companies collected from the internet based on their reviews, ratings and client testimonials.
Just have a look at this list of top players and choose the right company for your project.
