As IoT continues to expand and touch so many different industries, it has become difficult to keep track of which companies can claim some of the top honors as it relates to real innovations in this area. With IoT infiltrating homes, factories, and businesses the world over, it must be noted that many tech giants have begun to test its potential, and here are some of the most exciting companies to do so.
Konux is based in Munich, and the way that they are using IoT is remarkable, as they have devised a way to enable predictive maintenance for industrial and rail companies. They use a combination of AI-based analytics and smart sensors that can tell both computers and human minders what conditions could conceivably lead to an accident or even a slowdown that will cause shipping delays. Companies can get data in real time that indicates to them when maintenance is going to be needed on their machinery, and it’s light years more advanced than prior systems of humans checking the various critical components that IoT can now handle in an eyeblink.
Hitachi came out with a system called Vantara in 2017, and it was a combination of various enterprise units, including Pentaho, Hitachi Insight Group, and Hitachi Data Systems. With the launch came the introduction of Lumado 2.0, an IoT system that was built to turn data into intelligent action. Through Lumada, the life cycle of business assets can be handled through IoT, encompassing such resources as design tools and machine and human data. Again, the reason this matters is through the precision that Lumada is capable of achieving, as it can much better predict what actions companies should take that will keep them solvent in the face of roiling markets.
SAP recently rolled out a S/4HANA software suite, the focus of which was enterprise resource planning. By using it, customers can gain real-time insights from the data that’s being collected by a series of interconnected sensors, and the platform can also be used by third parties who are using IoT applications via open APIs. The upshot of all of this data is that companies which use it can figure out how best to allocate resources in real-world situations that are changing rapidly. For instance, in the event of a catastrophic weather event, the data might indicate where the most lethal damage from a storm might be focused so that rescue teams can be dispatched before the worst of the destruction even takes place.
It seems evident that with the way some companies are using IoT for practical, real-world purposes, the surface of what might be possible is only being scratched. If you want to learn more about the challenges and potential of IoT, CertNexus suggests our comprehensive IoTPRO course. As for the companies that are even now implementing new uses for IoT, what is so remarkable is the sheer versatility of this technology, with more applications for it being discovered seemingly every day.