Currently, IOT is a chance for startups. In the light of McKinsey global institutes, by 2025, IOT will have played its role in the business of over 11.1 trillion USD. Many startups are trying to link their products with Internet, but a function of Internet connection in the product cannot ensure the boom of your products. IOT products will result in a huge sustained cost, namely, the cost of network infrastructure, network, and other connection and data related cost. If you cannot provide your customers with extra values, these cost will erode your profits. Here below are five typical cases to explain the logic and essence of IOT startups.
According to those who are engaged in the business, IOT technology will pose an influence on the logistic and supply chain management industry of over 1.9 trillion USD, which may be ascribed to the fact that IOT technologies, such as asset trance, can allow companies to monitor their logistic procedure accurately, which will also helped them to make better decision and save capital. The case is that when you are inspecting tracks in a team, how could you know whether drivers have driven away from the transportation path? If your tracks, containers or packages are traced, you can identify the potential problems quickly and solve them before they develop into a bigger problem, thus saving the expenditure. Logistic trace sees a needs for the IOT communication product, that is, GPS module.
Experts engaged in the business have reported that preventive maintenance can allow enterprises to have a rate of return on investment as high as 545%. For instance, warning labs can use intelligent sensor to help clients to check the leakage and upgrade the water consuming data in a visual way. Consumers can place sensors under the heater or other appliances easy to leak, so as to protect their house from machine fault. In addition, alarming before the fault can cut the cost of maintenance. Through constant monitoring, alarming lab can provide clients with sustained protection. However, device fault alarming has a high requirement for the stability of signal. In most occasions, household appliances have sustained power supply, with no need to think of power dissipation and to lay out in a wide area, so that 4G module can be adopted.
China spends a large amount of human efforts and times in inspecting whether production and manufacture enterprises across the country have produce and manufacture according to the law and regulation. However, if we want to replace such a huge department with sensors connected with IOT, it will give a rise to a large administrative expenditure. The case is to check the quality of air released by iron company by IOT. Sensors can be deployed in the emission link of iron plants, such as SO2 sensors, CO2 sensors, etc., to collect the data and transfer to the environment inspection department. Once the air released is not in line with the regualtion, companies will be punished or even shut down. As for this case, NB-IoT module can be used.
Currently, most cities don’t have such ability to handle the environment damage caused by earthquake, typhoon and flood. For example, the professional institute has estimated that typhoon generally leads to 28 billion USB in China every year. Some IOT companies has produced IOT resolutions to make up for the shortage of infrastructure. IOT resolution can provide cities with repeated and sustained values. The case is that drainage system and weather forecast system can be integrated to control drainage switch to minimize the draught and flood disasters. Without IOT system, not only environmental disaster cannot be reduced but also a huge human testing cost will be raised. Through installing IOT system of this kind, valuable infrastructure in the cities can be protected to save capital. As for this case, NB-IoT module can be used.
If you are a small product manufacture, you may endow your products with an concept of “intelligent” or “IOT” through IOT, which will largely improve the added value of products and make your products to be sold at a higher price. Yet, the difficulty is whether the key problems of users can be solved in an efficient way.
For example, “intelligent” thermostat can control air conditioners automatically and keep the temperature indoor.
Many companies are just linking their products to the hot point of IOT. In comparison, best IOT companies will think of problems my clients have, problems I have met in daily business, and the way through which our products solve these problems.