IoT, a term that not many businesses were aware of a decade ago, has now become a vital technology for improving monitoring, enhancing security and enabling proactive decision making in diverse industries. From Banking and Finance to Manufacturing and E-Commerce, businesses have successfully established industry-specific IoT use cases to make steep progress.With its market size poised to reach the 1.6 trillion mark by 2025, new and emerging businesses have also started to find opportunities to scale up with IoT solution implementation. It is important to note that IoT use cases will continue to expand in the years to come, however, in this article we have compiled the list of four IoT use cases/trends that are being leveraged in by a broad-range of industries.Predictive MaintenanceIt is important to keep business assets – power plants, solar panels, quality control machines, etc. up and running. However, in cases when the specific assets are non-operational or perform low, it increases the operational expenditure and affects the quality/performance of machines. By leveraging predictive maintenance engines developed by IoT solution providers, businesses address the performance issues much quicker.IoT enabled solutions with sensors are used to relay warning signs from the connected equipment and send data to ...
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