Wearables have experienced a explosive demand in markets all over the world. Companies like Google, Samsung have invested heavily in building such devices. But, how do they work?
Wearable devices are installed with sensors and software which collect data and information about the users. This data is later pre-processed to extract essential insights about user.
These devices broadly cover fitness, health and entertainment requirements. The pre-requisite from internet of things technology for wearable applications is to be highly energy efficient or ultra-low power and small sized.
3. Connected Cars
The automotive digital technology has focused on optimizing vehicles internal functions. But now, this attention is growing towards enhancing the in-car experience.
A connected car is a vehicle which is able to optimize it’s own operation, maintenance as well as comfort of passengers using onboard sensors and internet connectivity.
Most large auto makers as well as some brave startups are working on connected car solutions. Major brands like Tesla, BMW, Apple, Google are working on bringing the next revolution in automobiles.
4. Industrial Internet
Industrial Internet is the new buzz in the industrial sector, also termed as Industrial Internet of Things ( IIoT ). It is empowering industrial engineering with sensors, software and big data analytics to create brilliant machines.
According to Jeff Immelt, CEO, GE Electric, IIoT is a “beautiful, desirable and investable” asset. The driving philosophy behind IIoT is that, smart machines are more accurate and consistent than humans in communicating through data. And, this data can help companies pick inefficiencies and problems sooner.
IIoT holds great potential for quality control and sustainability. Applications for tracking goods, real time information exchange about inventory among suppliers and retailers and automated delivery will increase the supply chain efficiency. According to GE the improvement industry productivity will generate $10 trillion to $15 trillion in GDP worldwide over next 15 years.