How IoT Has Been Transforming the Industry with Connected Devices
The Internet of Things (IoT) has been transforming the way we live and work, and it’s no surprise that it’s also transforming the industry. Construction teams and equipment rental companies are among those who benefit from this technology.
IoT has enabled them to connect devices such as sensors, cameras, and other equipment to the internet, which allows them to monitor and manage their operations remotely.
In this article, we’ll look at how IoT in construction is transforming the industry with connected devices.
What is an IoT device?
An IoT device is a technology with sensors that can gather and transmit data across a network without human intervention. The key components include:
- Sensors/actuators: Gather environmental data or perform actions.
- Connectivity: Transmits data via Wi-Fi, Bluetooth, cellular networks, etc.
- Processors and hardware: Compute and execute tasks based on collected data.
- Software: Runs the protocols and logic for data transmission and action-taking.
These connected devices can be anything from simple household items to sophisticated industrial tools. They’re designed to work autonomously, often integrating with other devices and systems to form a smart ecosystem.
Improved efficiency
IoT-connected devices have helped construction companies and equipment rental owners improve their efficiency in various ways. For example, sensors can monitor engine performance, diagnostics to help reduce breakdowns.
This enables business owners to take corrective action before any damage occurs. Similarly, cameras can be used to monitor workers’ performance in real-time, allowing managers to identify areas for improvement.
Cost savings
IoT-connected devices have also helped construction companies and business owners save costs by reducing downtime and improving productivity. Sensors can automate tasks such as monitoring equipment location or detecting faults in equipment, reducing the need for intervention.
This saves time and money while improving accuracy.
Real-time visibility
IoT-connected devices provide real-time visibility into various aspects of a construction site. For example, sensors can provide real-time information about equipment/vehicle location enabling managers to track fleets closely. Similarly, cameras can provide live feeds of operations in different locations simultaneously.
Predictive maintenance
IoT-connected devices enable predictive maintenance by detecting potential problems before they become severe issues that require costly repairs or replacements later. For example, sensors can detect changes in equipment vibration and temperature, indicating potential malfunctions. This allows managers to schedule maintenance proactively and avoid downtime.
Enhanced customer experience
IoT-connected devices have also improved the customer experience by providing more accurate and timely information on equipment status. For example, equipment rental companies can use sensors to track client usage patterns, enabling them to provide personalized recommendations and offers.
Similarly, construction companies can use IoT-enabled analytics to predict breakdowns more accurately, ensuring that they always have the right equipment on site to meet their customers’ needs.
Final thoughts
In conclusion, IoT has been transforming the industry with connected devices by improving efficiency, reducing costs, providing real-time visibility, enabling predictive maintenance, and enhancing the customer experience.
Construction companies and rental business owners who embrace this technology will have a better chance to compete in today’s market. With IoT-enabled devices becoming more affordable and accessible than ever before, now is the time for companies in the industry to invest in this technology and reap its benefits.