How the Internet of Things increases efficiency across industries
As the devices that power businesses begin to deliver data in real time, they are becoming part of an organization’s operational solutions.
82% of companies using smart manufacturing report greater efficiency.
$36 billion potential savings realized by remote patient monitoring by 2018.
117 million barrels of oil to be saved over 10 years by adaptive traffic controls and connected cars.
When the devices that drive business are connected in the Internet of Things (IoT), a fundamental change takes place: They become more than just tools and instead become a part of an organization’s operational solutions. Recent data on the adoption of IoT solutions in the transportation, healthcare and manufacturing industries highlight just how significant the gains from this change are.
Consider the transportation industry: 117m barrels of oil saved over ten years by connected vehicles analyzing routes and energy use efficiency is an impressive figure, but it’s only the beginning of where the IoT adds value. Vehicles connected to real-time data on traffic and emergency services can also ensure safer transport of people and goods.
The use of the IoT in manufacturing is in its earliest days, but a full 82% of those companies who’ve already adopted it report that the efficiency added by “smart manufacturing” is significant: It helps companies manage the physical production line to keep things moving and avoid interruptions. Additionally, it allows firms to monitor inventory on a moment-by-moment basis. That, in turn, enables companies to control costs and lower prices.
In the fast-paced field of healthcare, the IoT adds value by streamlining everyday patient processing. When doctors can conduct patient checkups remotely using connected devices, the administrative and resource costs that come with scheduling these routine visits are eliminated—not to mention the time and productivity patients lose when they must take time away from work.
Across industries, when the tools employees rely on become their partners in operational solutions, the value added is both time and money saved and smoother delivery of service to customers.
http://asq.org/blog/2014/01/a-glimpse-at-manufacturing-in-2014/(“Smart manufacturing” is defined as “the integration of network-based data and information that provides real-time understanding, reasoning, planning, management and related decision-making of all aspects of a manufacturing and supply chain enterprise.”)