Sustainability Practices Evolving Thanks To Internet Of Things
The Internet of Things (IoT) has gotten a lot of industry buzz, but its insertion into our daily lives has been a lot more gradual and subtle. That’s not to say that it has not been changing everything it touches, but its effects are not always immediately apparent.
One of the biggest areas that IoT has the potential to revolutionize is sustainability practices. Here is a look at three ways in which IoT is changing the general approach to sustainability.
The IoT will play a crucial role in achieving tremendous cost savings in the circular economy by placing recyclability and reusability at the forefront. Its use of active and passive tracking technology enables firms to monitor the condition and usage of electronic products during their lifecycle to identify when industrial machinery and other items need servicing or maintenance. This could lengthen their natural lifespans and maximize energy efficiency, amounting to a potential $52 billion in savings.
Smart Cities and Objects
The IoT is changing people’s lifestyles through technology such as fitness trackers and wireless thermostats. Smart lighting and heating systems are boosting sustainability and efficiency when they are implemented across office buildings and even transport systems, and the savings can quickly add up.
Supply Chain Management
An impressive 97 percent of 600 survey respondents stated that the IoT was this decade’s most significant technological advancement. It has enabled wide-scale automation and data collection for manufacturing, slashing costs by boosting efficiency. Whether it’s remotely monitoring the energy efficiency of devices in the field or tracking inventory levels and the condition and location of assets, supply chain management is being revolutionized thanks to this technology.