Internet of Things: Its Impacts on Businesses During COVID-19 Pandemic
Covid-19 has an unprecedented impact on our world. There are also strong indications that a lot of technology will see its adoption accelerate in the coming years as people become more digital-minded as they embrace technology while working from home.
But how will Covid-19 affect the Internet of Things? In the last days, we are doing research and talking with various IoT decision-makers to understand what impact Covid-19 IoT will have on their organizations and where they are looking at things from here.
Today, we’re going to explain what the Internet of Things is and how COVID-19 affects IoT in 2020. Let’s get started:
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What is the Internet of Things’ IoT’
An excellent IoT app development agency defines IoT in simple words, the Internet of Things is the concept of connecting any device to the Internet and any other connected device. The IoT is an extensive network of connected people and things- all of which collect data about the environment around them and how they are used.
That includes a large number of objects of all shapes and sizes — from smart microwaves, which automatically cook your food for the right amount of time. Also, to complex sensors that detect items in their path, to wearable fitness devices that measure your heart rate and number, and the steps you have taken that day. There are even connected soccer balls which can track how far and how fast they were thrown and log those statistics via the app for future training purposes.
What Are IoT Applications?
The IoT application is a software-as-a-service application that can analyze and present the captured IoT sensor data to business users via a dashboard.
IoT apps use machine learning algorithms to analyze large amounts of sensor data attached in the cloud. Using real-time IoT dashboards and alerts, you get visibility into key performance indicators, statistics for the average time between failures, and other information. However, Machine learning-based algorithms can identify equipment anomalies and send alerts to users and even trigger automatic fixes or proactive countermeasures.
With cloud-based IoT apps, business users can rapidly scale up precise procedures for customer service, supply chain, financial services, and human resources. There is no requirement to recreate the entire business process.
Impact of IoT on Businesses During COVID-19
Empowering Smart Cities: What can AI and ML do for Smart City dreams? By executing AI, and IoT, cities can plan smarter healthcare, and faster traffic solutions. Also, monitor several components of people’s daily lives to anticipate and predict risks and anomalies, and a lot more. There must be a harmonious collaboration of various smart city solution stakeholders such as government agencies, solution providers and technology product companies to build and implement meaningful smart city solutions by 2020.
Edge computing: For connected devices and networks to do their job efficiently, it is impossible to have always-on connectivity options. Edge computing uses the power of cloud computing to enable devices to enable data analytics anywhere, anytime in a secure environment. In 2020, edge computing will become even more critical for companies as they want to achieve faster operations and better management seamlessly.
IoT & Work From Home
The IoT consists of 4 primary components such as Networks, Applications, Cloud, and Sensors, and COVID-19 is driving its adoption to its full potential of companies to the WFH option. Remote working has become the standard for many employers over the last few months and will continue to do so whenever possible. As per an AR app development company, it offers more flexibility, less time wasted on home-work trips, allows companies to save physical space, and has teams working in different locations. Moreover, IoT-connected devices will make it a more attractive and more comfortable choice for many organizations.
Take the Best Business Decision
With the best IoT applications created by Appstudio, you can extend your supply chain, ERP, HR and customer experience applications to the digital world. Leverage smart predictive algorithms and digital twins to increase operational efficiency, increase worker productivity, and create new business models and opportunities.