How Does IoT Benefit The Consumers?

The era we live in can be extensively termed as the era of broadband availability and increasing connectivity. The reasons for this is simple enough to comprehend, getting online isn’t as costly as before, more and more devices have the capability of connecting to a Wi-fi connection, devices are being created with added features and functionalities such as sensors and hotspots etc. All these are a direct result of the technological costs decreases as well as the rise and prevalence of smartphones. All the above aspects have combined to bring about the perfect technological storm which we have termed as the “Internet of Things”. Expert predictions suggest that by the year 2020 the number of connected devices will increase up to the 26 billion mark. These devices will span a variety of usages from industrial to consumer based.

The IoT market is currently estimated at $917 billion and predictions suggest that it will reach the $1.7 trillion mark by the end of 2019. A large part of the credit must go to the consumers who are undoubtedly loving the concept of connected devices and IoT. Let us analyze their love by describing the top consumer benefits that are related to IoT.

1. Home automation

The global home automation market is currently estimated at $32 billion but it is largely fragmented. There are in fact tons of connected gadgets intended to make our lives faster and easier. Let us understand the concept by studying the case of Nest’s Thermostat which requires about 30 minutes to download and setup. Then as the learning process begins it begins to document each and every time interval of turning the heater up and down thus creating a schedule. Therefore, when you wake up you find that your room is warm when you leave for work the thermostat shuts down and again adjusts its temperature when you return. You can obviously monitor and orchestrate its functioning through the smartphone app on your device. Using this thermostat, you can save up to 20% on your electric bills.

2. Increased work productivity

We spend a lot of time working on a daily basis yet we fail to use it to its full capacity. Just consider the immense amount of time we spend adjusting the air condition, scanning docs or managing the inventory. With the inception of IoT in the workplace, these routine tasks can be automatically performed hence providing us with more time for performing tasks of higher value. UK and USA companies have instructed their employees to wear the FitBit bands while working and has found out that it eliminates work conflict and increases productivity to a large extent.

3. Increased safety

The population of the world is bound to increase in the coming world which means that more and more energy will be consumed and more laws will be broken. Law enforcement agencies do get help from surveillance systems but there are certain aspects where they fall flat while protecting the city and its citizens. IoT saves the day in such instances. Movement sensors with synchronized cameras equipped with facial recognition have made security systems fail-proof and hence the city a much safer place than it was.

Tags: IoT Benefits   IoT     

Contact Me


Contact: Internet Of Things and Stuff.

Address: Baltimore, MD, USA

Contact Me Report Abuse

Error 404 - page not found

Ohh... You have requested the page that is no longer there.

View By Countries

We use cookies on our site to improve your experience


We use cookies on our site to improve your experience.This site uses cookies to store information on your computer or device. This policy explains how we use cookies and may be amended, from time to time, without notice. To ensure that you are using this site with full and up-to-date information of how we use cookies please review this policy regularly as any amended policy will be updated on the site. By using this site you agree to the placement of cookies on your computer and or device in accordance with the terms of this policy. If you do not wish to accept cookies from this site please either disable cookies or refrain from using this site.

What are Cookies?

A cookie is a text-only string of information that a website transfers to the cookie file of the browser on your computer's hard disk or other devices so that the website can recognize you when you revisit and remember certain information about you. This can include which pages you have visited, choices you have made from menus, any specific information you have entered into forms and the time and date of your visit.

Types of Cookies

There are two main types of cookies:

Session cookies: these are temporary cookies that expire at the end of a browser session; that is, when you leave the site. Session cookies allow the website to recognize you as you navigate between pages during a single browser session and allow you to use the website most efficiently. For example, session cookies enable a website to remember that a user has placed items in an online shopping basket.

Persistent cookies: in contrast to session cookies, persistent cookies are stored on your equipment between browsing sessions until expiry or deletion. They therefore enable the website to "recognize" you on your return remember your preferences and tailor services to you.

In addition to session cookies and persistent cookies, there may be other cookies which are set by the website which you have chosen to visit, such as this website, in order to provide us or third parties with information.

Our use of Cookies

We currently use, and may use in the future, the following types of cookies on this website.

We use session cookies to:

help us maintain security and verify your details whilst you use the website as you navigate from page to page, which enables you to avoid having to re-enter your details each time you enter a new page.

We use persistent cookies to:

help us recognize you as a unique user when you return to our website so that you do not have to input your details multiple times as you move between our pages or services

remember how you have customised your use of this site, such as your preferred currency and time zone

collect and compile anonymous, aggregated information for statistical and evaluation purposes to help us understand how users use the website and help us improve the structure of our website.

Many cookies are designed to give you optimal usage of the web. For example, we use cookies to enable you to improve your user experience when using our website, e.g. a cookie which recognizes if your browser supports specific technology features. This helps, for example, in enabling web pages to be loaded more quickly when you request the download of a large file.

In addition to cookies which send information to us, we also use cookies which collect information and send it to third parties. An example of this is Google Analytics. Please check the relevant third party website for more information about their use of cookies. Where this site allows such cookies to be set or you access other websites from this site using the links provided, the operators of these websites will use cookies in accordance with their own cookies policy, which may differ from ours.

As with first party cookies, you are able to block third party cookies through your browser settings.

Some of our cookies may collect and store your personal information, such as your name or email address. We are committed to respecting and protecting your privacy and will ensure that all personal information collected by us is kept and treated in accordance with our privacy policy.

Refusing Cookies on this Site

Most browsers are initially set to accept cookies. However, you have the ability to disable cookies if you wish, generally through changing your internet software browsing settings. It may also be possible to configure your browser settings to enable acceptance of specific cookies or to notify you each time a new cookie is about to be stored on your computer or device enabling you to decide whether to accept or reject the cookie. To manage your use of cookies there are various resources available to you, for example the "Help" section on your browser may assist you. You can also disable or delete the stored data used by technology similar to cookies, such as Local Shared Objects or Flash cookies, by managing your browser's "add-on settings" or visiting the website of its manufacturer. As our cookies allow you to access some of our website's essential features we recommend that you leave cookies enabled, otherwise, if cookies are disabled, it may mean that you experience reduced functionality or will be prevented from using this site altogether.