The flutter because of IoT is going to alteration the complete moral force of competitive landscape. New concern will emerge. In the last tenner , the Telecom and IT industry has changed from capex to opex model. IoT will enable even the manufacturing sector to get into this opex model. With all the data peak getting captured on the cloud, manufacturers will be able to know the utilisation of the machines and can even sell their machines as services.
The sensor that are interconnected can know how much each auto is being used and the user organizations can wage on utilisation basis rather than spending huge quantity of capex. Even the AMCs can be in the pattern of an hourly usage. The health of the car s can be monitored remotely through sensors and before even the machine breaks down, preventive action mechanism can be taken. Talking about the doctor reach the patient role before even patient has called or in this case, doctor reaching the person before he gets infected.
A Mckinsey report cited this scenario . You go to a departmental computer storage , go to the denim section , uncovering out the one that you like, ask for the size of it of it , the Customer Executive is unable to find your size, goes to the Inventory elbow room to find out the jean that fits you, come with a jean which is your size but different excogitation and you come out without buying.
Even though it feels that driverless automobile are instinctively unsafe but all the experiments show that driverless cars could reduce accidents by up to 90percent not to acknowledgment the savings from jams and fuel. Experimentation are being done to create complex algorithms which are predictive and adaptable. Eg if the self driving car 'sees' a walker footstep on the route , it will use its intelligence to predict the pedestrian's actions -which is crossing the road, and it will know instantly what to do.