How IoT creates value and increases sustainability for different segments in the transportation industry
Research proves that 95% of companies are investing in IoT since it will help them improve their sustainability practices as well it is also the backbone for many solutions in the present and future. IoT solutions such as real-time tracking, route optimization, predictive asset, and product maintenance can help increase sustainability and productivity. According to Gartner the aviation and transport industry will account for the largest opportunities to increase and generate $64 and $11 billion by 2028 with the help of IoT features. Implementing IoT approaches for different segments of the transport industry such as sensors on railways, highways, roads, bus stops, airports can smoothen the entire operation process as well as increase visibility and transparency.
Air travel
The use of IoT not only provides passengers with real-time information about their baggage and boarding details but also helps reduce excess waste and utilize energy and power in a sustainable manner by switching off lights in empty areas and controlling the temperature.
Public transport
IoT technology not only updates passengers with real-time data about the bus schedule and timings but also reduces wastage of fuel, resources, materials, and cost with its real-time and automation features. IoT sensors are beneficial since they provide data about real-time air pollution as well as reduces pollution. Moreover, the sensors help address issues regarding temperature, fuel, and route optimization.
Road traffic department
The use of IoT helps in managing the road traffic department in an effective manner. The real-time features help in managing traffic, accidents, and roadblocks. It helps with parking issues and also helps individuals in identifying where they parked their cars to avoid wasting time and fuel.
Supply chain
Implementing IoT with supply chain strategies for companies has proved to be effective and efficient since it helps in reducing waste, fuels, and costs. It even smoothens the transport solution process with its real-time features and tracking devices. It even minimizes the usage of electricity.
Logistics
This sector accounts for 1.6 billion of CO2 emissions. IoT technology can be used to improve communication, usage of resources and materials, and navigation. The real-time feature will help drivers to avoid routes where there is a lot of traffic or delay which will reduce wastage of fuel. Better navigation due to real-time data will help minimizing harmful emissions. IoT data can help update owners regarding maintenance issues such as faulty parts which can reduce waste. IoT is a great way to minimize the use of power and electricity due to its smart features, real-time data, and sensors.
Automotive Industry
The connected vehicle technology enables communication among vehicles and infrastructure which can reduce crashes, energy, and gas emissions with the help of real-time and navigation IoT features. It even improves customization and the complete fleet operation becomes much more effective and efficient since it reduces gas emission and fuel.
The advantages of integrating IoT practices with day to day operations
IoT technology is beneficial not only for the present but for the future as well. It helps increase effectiveness for different operational activities at a low cost. Not only does it help with sustainability but also increased the security of different stored information.
PwC states that technologies such as IoT can help reduce environmental challenges and increase sustainability.
Sustainable environment – Real-time data and sensors help in better route optimization, planning, understanding traffic issues as well as reducing fuel, wastage of resources, and energy.
Smooth operational practices – Real time data enhances the entire operational process. It helps reduce cost and improve productivity and monitoring.
Better customer experience – Increases focus on customization as well as with real time data customers can plan better. It increases transparency, communication, and efficiency.
Increased safety and protection – With the use of sensors, important aspects such as temperature, speed of vehicle, issues and accidents can be minimized. It helps improve the safety of various aspects of the transportation industry. Helps understand key issues regarding maintenance.
Cost effective and efficient – IoT sensors and real-time features help improve planning when it comes to resources. Sensors help with sending updates regarding maintenance to avoid any accidents or wastage of resources. It even reduces energy consumption.
In conclusion
Nowadays, both businesses and consumers focus on sustainable practices which is why integrating IoT along with the day-to-day operations and goals of the company can increase sustainability and improve the carbon footprint in a cost-effective manner. The adoption of IoT technology by companies will help reduce emissions, pollution, and fuel, which will indeed make the world a better and greener place for the present and future.