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• GE is developing a sensor network based on IoT principles to monitor turbines to reduce the
downtime.
• Internet-based home automation systems are gaining more popularity nowadays. Home
automation systems primarily comprises of low-cost computing devices, RF networks and
Infrared-to-IP interfaces. British Gas’ Connected Home business has been selling a large
number of GBP 200 Internet-connected central heating controller.
• Xerox Research Centre Europe has developed a system for managing traffic flow in
LosAngeles with dynamic pricing at parking metres.
• At the famous Claridge’s Hotel in London, IoT principles are being put into action for mon-
itoring food preparation. The sensors being used can sense the environment in a variety of
ways, such as temperature, pressure, viscosity, etc. This implementation uses a cloud-hosted
back end. The sensors produce Time Series data which is stored in the cloud with provisions
for data security and management. There is a web application developed based on this infra-
structure, where it provides the required services and user interface.
• The London City Airport is effectively using IoT principles in collaboration with technology
from Hitachi to improve the speed and experience as passengers move in the baggage areas
and other parts of the airport terminal building. This implementation also uses face recog-
nition technologies. It is expected that this project will be subsequently extended to bags,
trollies and cars in the future.
• Coke is offering interactive displays in vending machines, allowing customers to customize
their drinks. The data collected from the sensors in these machines are allowing Coca Cola
to better understand customer tastes.
• Several countries in Europe are in the process of designing smart bus terminals where a pas-
senger can receive real time information about a particular vehicle and their route of choice.
The passenger will be notified about the potential congestions on the route or regarding
problems in the particular vehicle that could potentially cause delays. Thus, the passenger
may schedule their travel plans accordingly.
• Owing to the rise in elderly population across the globe, several key societal problems like
assisted living can be addressed through sensors at home and on that person.
What does this mean for us? As we move into the post-industrial world, the economic strength of
a country is being increasingly assessed not purely by its industrial capacity, but also on parame-
ters like digital capabilities, availability of skills in hi-tech, and whether policy conditions foster
innovation-driven growth. Under these circumstances, several countries are targeting the IoT as
an engine to accelerate growth.
10.3.4 Impacts of IoT
Let us look at the impact of IoT along multiple dimensions before we discuss how that impact can
be channelized to foster economic growth (Figure 10.4)
Business Impact: Both large and small businesses can leverage the benets of IoT. For instance, large
businesses can use IoT-enabled sensors to monitor capital goods and eets of vehicles. On the
other hand, smaller businesses can leverage RFID tagging mechanisms to monitor stock on oor
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