With the fast-paced advancement of the Internet of Things (IoT), it has become a ubiquitous term in the field of research. The growth of sensors and connected devices has provided a wealth of information for big data analysis. This has led to a plethora of applications, including the development of smart cities where accidents and traffic flow can be monitored and predicted, smart healthcare where doctors can access information from implant sensors in patients, improved industrial production through machinery prediction, and the creation of smart homes with connected appliances through the use of smart metering in electric distribution.
In the 21st century, IoT is considered a network of physical devices, encompassing electronics, sensors, and software. Currently, there are around 27 billion physical devices connected to IoT, and this number is rapidly increasing. These devices, such as cars, refrigerators, and TVs, can be uniquely identified through embedded computing systems and can be connected from anywhere using appropriate information and communication technology, thus providing greater value and service.
The "thing" in IoT refers to anything and everything around us, including machines, buildings, devices, animals, and human beings. The technology is being utilized in today's smart healthcare, smart homes, smart traffic, and smart household devices to create a better digital world.
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Following are areas where IoT will have influence.
Sales and Marketing
The emergence of the IoT has created new business models that will shape the future of product design. Servitization involves a shift from a product-focused to a service-focused business model, leading to a transformation in the way products are sold and serviced. This has significant implications for sales and marketing teams, who must adapt their strategies accordingly. The new models support recurring revenues, enabling better revenue forecasting, and allow teams to leverage detailed product usage data to drive targeted campaigns. The trend towards product customization is another key driver, with customers increasingly demanding customized products. This requires a shift in the manufacturing process, with a focus on "batch size 1" production to meet these unique requirements.
Digital Engineering in Manufacturing
IoT will have impact on the advancements in digital engineering and its integration in the manufacturing industry. The integration of computer-aided design and production engineering tools have transformed the product lifecycle management. The use of 3D models and the Internet of Things (IoT) has made it possible to link the virtual and physical world, optimizing the manufacturing process and reducing the risk of costly changes.
Virtual Reality
The IoT will be used by companies like Airbus and Siemens 3D data to guide assembly lines and showcase complete virtual and physical production lines in real-time. That is there will be convergence of 3D models and the physical world through the use of augmented reality, specifically in the realm of training and quality assurance through IoT. One example is Airbus' mixed reality application (MiRA), which leverages the combination of location devices and a specialized tablet PC to display a 3D model of an aircraft, augmented with production-related data, reducing inspection time dramatically.
References:
[1] A Guide to Understanding the Internet of Things (IoT) - From Concept to Reality
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