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The Rise of Sensors

The Rise of Sensors

During the past few years, the world as we know it was significantly influenced by the Internet of Things technologies, primarily due to the enormous amount of data collected by the networks of smart sensors, from embedded ones to those people wear or plug in.

Sensors enable online monitoring, allowing users to understand the environmental conditions, as well as what is going on with their machines and systems. Use cases are numerous: smart metering, smart homes and offices, smart transportation, hospitals and laboratories, sport/fitness applications, as well as manufacturing companies; both individuals and organisations can leverage from the collected data. For example, 35% of US manufacturers are currently collecting and using data generated by smart sensors to enhance manufacturing and operating processes (PWC, 2017). IoT is enabling them to track assets in the real-time, consolidate control rooms and strengthen analytics through predictive maintenance, so they can prognosticate when the machines will fail and fix the problem before it becomes huge.

More data means making more intelligent decisions, and what is great is that it is now achieved at a lower price as the sensor prices are drastically reducing. In 2004 the average cost of a sensor was $1.30, while by the year of 2020, it is expected to drop to just $0.38 (Goldman Sachs, BI Intelligence Estimates, 2016).

Even though sensors are smarter than ever, they don’t require lots of computation power, most of them are energy efficient, and they are even becoming smaller and smaller every day. Networks are almost everywhere, meaning the data collected by the sensors can be efficiently transferred. Finally, cloud computing architecture has made cheap data storage possible, and data science means the significant data findings can be accessed faster and more reliably.

IoT is a new market, and it can be confusing to many potential customers. Entering the IoT world through interconnected sensors and cloud-based data analysis is a good track to experience the power of the IoT. That’s why WolkAbout has created WolkSensor, a full and low-cost monitoring solution comprised of IoT class hardware, secure and scalable data infrastructure, engaging dashboards, and on-the-go mobile experiences. It is an environmental measurement device which measures air pressure, temperature and humidity, and detects physical movement of the WolkSensor itself. It also notifies its users about bad Internet connection and low battery level. By introducing WolkSensor, WolkAbout is making monitoring easier, changing the industries like hospitality and retail. The measured data are stored on the server and are easily accessible via WolkAbout web and mobile apps from anywhere - anytime. Lastly, WolkAbout understands the difficulty of managing an army of sensors. That’s why we bring transparency to installations at the hardware and software levels and making it easier for the customers.

These are the some of the use cases of how companies can take advantage of the WolkSensor:

Operational Benefits

• Adding a complementary experience to existing facility management system (i.e., guest room management system)

• Understanding the current conditions in the facilities and acting on them in real time, rather than looking back at historical data

Immediate Cost Savings

• Adopting a lightweight and flexible solution when in need of resource monitoring

• Saving energy costs due to the temperature monitoring

Empowering Companies

• Developing a deeper intelligence of the link between company’s actions and resource conservation

• Providing access to real-time data in an easy to understand glance and go format; customised dashboards for each facility to reflect the systems in place

It seems that the Internet of Things model fits well with the environmental monitoring. As it can be seen, the data collected by sensors can be used for simplifying people’s lives as well as industrial processes; for data mining, cost reduction and gaining the customer satisfaction. The IoT phenomenon will touch every aspect of our lives in the years to come, and it seems that sensors will take a front row seat.

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