Climate change is a serious problem and businesses have begun to acknowledge it big time. Thanks to the awareness created by the global bodies, sustainability is now a major goal that many companies work hard to achieve. The Internet of things (IoT) technology that gave successful solutions for complex issues, is now again helping the business world to reach its “Green” goals.
IoT platform has aided the factories and warehouses to reduce their carbon footprint by monitoring their energy usage and take required actions on them. It also helps in making better use of the assets that are otherwise unused.
Components of IoT that improves sustainability:
The Internet of Things is built by integrating various components into one solution. They are:
The Sensors are physical components of the solution that is responsible to capture data from the atmosphere. A device is formed when multiple sensors are connected together.
The data captured is sent to the cloud through proper network connectivity, which is accessed by the software tools and processed. The user interface of the solution is responsible to connect to the end-user based on the processed results. It might be anything from triggering an alarm system to sending an SMS.
Let us give you a few places where IoT for businesses helps in sustainable development.
Monitoring the CO2 Emissions:
Reduction of the greenhouse gas emissions by 40% to 70% of the emission level recorded in 2010 is the goal set by the UN for the factories to meet by 2050 as an initiative to save our planet.
To check Co2 emission, monitoring the process from supply chain to production is primary. The complexity of this process calls for quality metrics that identify the sections of the process that have Co2 concentrated.
IoT enables businesses to monitor and track Co2 with proper sensors and indicates the places that need improvement to reduce greenhouse gas emissions.
A report released by Ericcson says “IoT has the potential to reduce emissions by 63.5 gigatonnes around 2030, given all the factories and sectors opt for it”. This statement is enough for one to understand the benefits of IoT.
Improving Energy Efficiency:
Energy efficiency is not just using less energy, it is also avoiding energy wastage. The IoT solutions allow monitoring of the assets and their energy consumption through custom dashboards.
You don’t have to survey every machine for its usage. IoT solutions can limit the machines from operating when not needed. You can have control over every piece of equipment to avoid unwanted energy consumption.
An IoT-enabled factory can be monitoring the energy consumption of the machines and switching their operation times ideally to balance the factories load consumption.All these can be done independent of human intervention with an IoT solution.
Maintaining the assets:
A factory or a business unit might not use its physical or digital resources to their fullest due to a lack of analysis.
The list of machinery that misbehaves and equipment that can be replaced by less energy-consuming technology be reported to you digitally with proper comparisons provided a quality solution is installed.
The solution can alert you if the performance of your facility is reduced, give you a reminder of the annual asset maintenance in due, suggest the ways in which a resource can be reused, and many.
The aim of developing a customized IoT solution is to use the available resources to their fullest and avoiding any unwanted procurement that again leads to energy wastage.
Predictive Operation and maintenance:
You will have control over the present but what if I say you can control the future too with IoT. The data processing in the Internet of things can be used to predict the patterns of the market and produce accordingly.
Lesser production is lesser energy consumption, plus avoiding loss. In addition to predicting the market, the performance analysis of the machinery can help in preventing failure by forecasting the need for maintenance.
The IoT future is to improve the business by parallel improving the planet’s health. We have damaged our home planet for decades and now it’s our turn to repair it.