IoT Application in Agriculture: Benefits of IOT in Agriculture

The Internet of Things (IoT) represents the network of physical objects installed with sensors, software, and other technologies to connect and exchange data with other systems and devices over the network.

IoT has changed the way computers think; it has made computers understand in an innovative and better way.

As a result, many business owners are developing IoT-based apps for their businesses to grow and expand.

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The Internet of Things (IoT) has been hailed by many as the most promising emerging technology of our time.

In particular, businesses will be able to leverage IoT technology to collect valuable data, stay ahead of the competition and drive innovation.

Here are some advantages that IoT solutions can bring to businesses.

IoT solutions can help firms cut costs and maintain a competitive advantage.

Understanding customer preferences and behavior is key to the success of any business, especially in the retail sector.

IoT devices can help manufacturing sectors accurately assess demand and efficiently manage various stages of production through real-time tracking of parts and raw materials.

Global IoT in Agriculture Market Research Report: By Component (Software, System [Sensing and Monitoring Systems, Fish Farming Systems, Smart Greenhouse Systems, Livestock Monitoring Systems, Automation and Control Systems, Others], Services), Application (Livestock Monitoring, Precision Crop Farming, Indoor Farming, Aquaculture, Integrated Pest Management, Water Supply Management and others) and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) - Forecast till 2027Market OverviewThe primary need to control operation factors optimizing the use of water and pesticides is anticipated to promote the Internet of Things in agriculture market  2020.

The ICT industry reports are produced by Market Research Future, which highlights market options for expansion.

A potential of USD 34.88 Billion with a CAGR of 13.6% approx.

The US shows the way for market development in the North American region as it has elevated digitalization in the agricultural sector, and it is anticipated that just about 80% of farmers employ smart farming technology.

The intense weather conditions owing to climate change have caused loss of arable land and have subsequently given rise to elevated adoption of IoT for escalating the volume and quality of the crop yield.Competitive AnalysisThe currency inflow is estimated to be restricted in the upcoming period, which may create further problems for the overall market growth.

The expansion of the market has currently come close to a standstill with government agencies and trade bodies, introducing a stimulus to pick up the pace of development in the global market.

Every year, around 30 percent of the perishable produce left from farms fails to make it to the dinner table.

They are not just responsible for moving goods from point A to B anymore.

At present, IoT applications are helping in supply chain analysis, inventory management, vehicle tracking, fleet maintenance, and automation of various processes.

Predictive Analysis To Get The Best Out Of Business Opportunities

Transport part of the logistics sector involves a lot of risks that are linked to the country’s infrastructure, climatic conditions, and political situation as well.

At present, some companies are using algorithm-based systems to analyze weather and events data for predicting possible issues.

Internet of Things, we can easily say, is a revolution in making; and it’s going to be one revolution that we all reckon by.

It’s a concept fast gaining popularity amongst people from not just the technologically inclined people, but just about everyone.

Similarly, our cities are also being aimed at having a better technologically equipped transportation system, complete with inter-connected sensors to help streamline the traffic.

Internet of things development is also expected to take us towards a future that sees a better monitored and controlled lighting, pollution, power plants, and so on.

Healthcare is looking for a future that allows for an at-home health monitoring that is as good as a clinical health monitoring through connected sensors, a vastly better communication, and even well-connected wearables.

We are about to embrace a future where the healthcare landscape is an ever-improving one, where your doctor will get your blood pressure update without having to be present near you, or your sleep pattern could be relayed back to and tracked by your physician in real-time, or your EEG and ECG devices, your blood glucose and other vital sign checking devices would be connected and well-monitored over the Internet.

The Internet of Things storm is already started to blow in and there is no area that is not going to be untouched by it.

In an onsite healthcare scenario as well as an offsite scenario like that of a home, health monitoring is a very important aspect.

Currently touted IoT based monitoring would be able to monitor multiple parameters and may proactively raise alarms before it gets to a point where the situation has worsened and it becomes visible.

Thus it would help preventive interventions possible.

Thus wearables are going to be in a position to monitor key parameters like Blood Pressure, Sugar Levels, ECG etc.

These are going to be available in the public domain and these would be able to transmit data secure in open data formats using common means of communication like Wifi/Bluetooth/NFC.

With technology getting cheaper and more available, read more about this at https://www.quicsolv.com/blog/5-benefits-of-internet-of-things-in-healthcare

But in recent years that slope has transmuted into a free fall.

Everything is or is being connected to the internet, hence IoT!

One such sector to benefit from this revolution is the healthcare industry touted to be a $117 Billion market by 2020.

Enterprises are going through a global digital transformation with IoT being at the center of it.

With smart devices recording various patterns of consumer behavior such as their interaction with AI, the conversion rate, consumer decision processes etc, this information coupled with machine learning, design thinking, the blockchain, and data intelligence, will be continuously churning out insights previously inconceivable.

Smart Homes: IoT at home