BENGALURU: Internet of Things (IoT) is transforming the way enterprises do business in almost all the sectors, from agriculture to retail. According to Economic Times, here are 6 industries feeling the impact of IoT.

Agriculture

In the near future, implementation of IoT devices in the agriculture industry is estimated to grow from 30 million in 2015 to 75 million in 2020. Farmers will be now able to get complete insights about the crops and livestock in a variety of ways to optimize their yields.?

Healthcare

IoT can assist healthcare industries to connect with each other seamlessly, resulting in better business and better service for the patient. For instance, by connecting an MRI machine to the internet, hospital staff can get alerts for when repairs are needed.?

Manufacturing

Manufacturing is said to be the most impacted field by IoT. Therefore, manufacturers across the globe are investing nearly about $70 billion on IoT solutions in 2020. This technology enables factory operators identify flaws in the machinery easily and also gives insights to fix them efficiently.

Energy

IoT has taken over Utility companies like PG&E, with its ability to provide two-way communication. It also allows them to use smart meters that give utility companies the necessary data to better predict demand, spot outages, and help the company know when to schedule repairs.?

Retail

Even retailers have started using Bluetooth beacons in their stores to reach their customers and offer personalized discounts because of IoT.

Transportation

In the transportation field, IoT solutions are being used to better the business in many ways. Sensors and smart software can be used to collect data that can help the driver operate the vehicle in a manner that helps save fuel.

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