Manufacturing, Warehouse and Logistic
BUILDINGS AND ENTERPRISES
Whether the assets are big or small, fixed or mobile, attaching sensors to them allows organizations to track real-time location, monitor performance, improve workflows and optimize utilization. By placing tags on individual products, the exact location of single items in a large warehouse can be shared, thus minimizing search time and lowering labor costs. By knowing exactly what’s in-stock and what isn’t, the warehouse can automatically order new products only when needed. This reduces the cost of holding extra inventory and helps identify what sells and when it sells, leading to more intelligent purchasing and inventory planning.
Modern hospitals routinely rely on state-of-the-art software and hardware platforms; some are even used to sustain or save lives. Like all electronic devices, this equipment is vulnerable to a variety of risks, from power outages to system failures or even theft, that all drive up cost and could ultimately impact a patient’s outcome. Instead of waiting for a device to fail, these new systems take a proactive approach by virtually monitoring medical hardware and alerting hospital staff if there’s a problem or if the device or machine is removed from the designated department area it’s intended to be used in.
Wearables or smart devices can be used as a kind of electronic ticket to enter a branch and alert staff. Using IoT, they’re providing a more secure way to open doors at branches or ATM kiosks outside regular banking hours. The application allows customers to enter ATM lobbies without any kind of card, but instead the customer’s connected device detects microsensors which then send a secure message asking if they would like to enter. Then customer just selects ‘unlock’ on their wearable or smart device and enters the lobby.
In addition, the placement of IoT sensors is proving to be a good tool for bank branch optimization. Using location data with proximity-sensing technology, you can identify which branches are under-utilized and could be closed, which of them are more popular and can be expanded, and more. Also, identifying foot traffic flows over the course of the day and week can help to optimize staffing and understand the optimal number of ATM machines deployed for the specific places.
Low-energy beacons that can be used for mobile payments and more, taking the place of traditional and more costly point-of-sale technology platforms manned by expensive staff. Advantages include smaller lines or even no waiting at all, streamlining the shopping process, allowing shoppers more time spent exploring other parts of the store. The IoT platforms also enable increased analytics on customer demographics to help understand effectiveness of product placement, traffic flows, popular purchase time of week or day, and more to help better organize the business.
New ticketing machines can support digital transactions while being monitored and managed from a central location. These ticketing machines notify staff about any tampering or malfunctions so technicians can then be automatically dispatched to the right location, already updated on the issue, saving time and money and eliminating the need for any return trips to collect spare parts.
Using real-time video displays at train stations, schedules are displayed, and the system detects and announces issues that might cause delays. Passengers complete their trips more quickly, improving customer satisfaction, and increasing repeat ridership. Data from connected trains and related data sources can be analyzed in real time, which enables optimized traffic flow and increased on-time performance and the ability to better anticipate and correct a potential issue before it occurs.
In the world of high-value commercial real estate, buildings need constant monitoring and maintenance to remain operational but, knowing where to start is always a challenge. Fortunately, as buildings become increasingly connected, reactive maintenance and sunk costs can be things of the past. Connected building monitoring enables property managers to track and control energy use and tailor it where it’s actually required and avoid outages or expensive over-use during extreme conditions. Smart buildings are smart because they can automatically identify status or problems within their physical (HVAC, Lighting, Security) and digital infrastructure (Lighting, Signage) on their own and proactively inform and respond to the situation—freeing up maintenance staff and allowing management to focus on operations, serving tenants, and enhancing the value of the building.