Source Url:- https://medium.com/@elenamia/role-of-iot-application-development-in-various-industries-4b3f7643eeb2

1. Role of IoT Application Development
in Various Industries

2. The Internet of Things or IoT has evolved massively in the past few years
to such an extent that every company in diverse industry sectors has some
IoT implementation plan ready for their business growth. The popularity
of IoT devices can be gauged from the statistics according to which by
2025, there would be 75 billion IoT connected devices.
Meanwhile, IoT is the network of interconnected devices via sensors,
software, etc to facilitate monitoring & management of device behavior.
With the introduction of new and emerging technologies like Blockchain,
AR, VR, etc, backed with IoT implementation has shown tremendous
opportunities yet to be explored on large scale.

3. Let’s look IoT Application Development at
its role in various major industry sectors.
• Transport and Logistics
• Health and Fitness
• Manufacturing
• BFSI Sector

4. 1. Transport and Logistics
The transportation and logistics industry has to face challenges of
traffic jams, bad road conditions, and hence require a fleet monitoring
device. With IoT Application Development, retail businesses and e-
commerce players can keep a close eye on the fleet movement, and
know the status of product delivery. From monitoring to the
maintenance of fleets, there are a lot of possibilities with IoT devices.

5. 2. Health and Fitness
In the health and fitness industry, IoT application development finds
place through wearable devices. Fitness device manufacturers can
partner with an IoT App Development Company to develop advanced
wearable devices that can help in remote diagnosis. Doctors and health
instructors can track the patient’s vitals collected through app data to
deliver proper diagnosis assisting in a person's improved health.

6. 3. Manufacturing
IoT enabled applications can enable manufacturing companies to keep
a better track of their manufacturing process right from production,
machine performance monitoring, and supply chain. By keeping real-
time information, IoT apps and devices can help in fast redressal of
maintenance issues in manufacturing plants.

7. 4. BFSI Sector
The BFSI sector can greatly benefit from IoT App Development as most
banks and insurance companies need automated solutions to minimize
work and add to the convenience of customers. With an IoT application
developed by a reliable IoT Application Development Company, it can
play a key role in insurance telematics, cash collection, and online
transaction monitoring.

8. Wrapping Up
IoT implementation has great benefits in all major
industries. With IoT App Development, firms can
keep a close eye on their business workflow as
apps can give real-time analytics and information
about various aspects in diverse industries.
Want to know how an IoT enabled solution can
transform your business? Consult with our IoT
implementation experts now.

9. Source Url:-
https://medium.com/@elenamia/role-of-iot-application-
development-in-various-industries-4b3f7643eeb2