We’re quickly seeing the Internet of Things enter our daily lives – the cars we drive, devices we wear, and even appliances in our homes.
Adoption rates for IoT are accelerating – reaching nearly 43% of enterprises worldwide.1 However, the scope of applications for IoT solutions is still in its infancy. Early adopters across a variety of industries – including transportation – are investing in IoT to transform their businesses.
IoT Accelerates the Digital Transformation in Transportation
The transportation industry is the second-largest segment investing in IoT, spending upwards of $78 billion in 2016.2 A significant portion of this investment goes towards freight monitoring.
“Increasing numbers of freight and public transportation vehicles are equipped with sensors that help schedule maintenance, optimize fuel consumption, and train drivers. These vehicles can also monitor operating or driving behavior for insurance purposes,” according to ZDnet.3
Additional examples in the transportation industry include:
- Connecting shipping vehicles with temperature sensors to ensure goods, especially food, arrive in safe condition4
- Monitoring safe transport of hazardous freight with sensors that measure heat, vibration, and sound frequency5
- Supply chain logistics with transportation of goods by trucks or trains
- Public transit to communicate with riders on train and/or bus schedules
There are limitless opportunities for IoT in transportation. We’ll see the examples unfold in the years ahead.
But, there’s more to it than installing sensors on vehicles and equipment and calling it “smart.” IoT solutions will benefit your organization when you’re thoughtful about the purpose and role that they play.
Learn more about The Why, What, and How of IoT: 50+ Examples Across 11 Industries. This guide reveals 5 considerations for establishing IoT solutions and outlines a strategic process for implementing IoT.
Sources:
1 Gartner
2 IDC
3 ZDNet
4 Business Insider
5 SAS
