It’s hard to read any article on technology trends without the topic of the Internet of Things (IoT) coming up. The IoT links together products, devices, objects, networks, and data. Location-based data is a critical element to the IoT and your mobile device is the central component.
In the business world, the IoT will allow insurance companies to price policies based on how you drive and the accident rate of the roads you take for your commute. It will allow companies to track assets in near real time, and get a view of their entire inventory and supply chain from source to destination. In the retail space, it will drive nearby traffic with a promotion or special, notify management when a key customer enters the establishment, and even help you find a product within a store.
For consumers, the IoT with the connected home will allow you to check on your babysitter, lock or unlock doors, turn on or off your sprinklers, adjust the temperature, set the alarm, and receive status and notifications from appliances all while you are away from your home. Your commute will be safer as sensors on your car and on the road will help you avoid accidents. The IoT through smart cars will notify you when it’s time for servicing, record your maintenance, and alert you when there is a problem.
Geospatial data will play a critical role in the adoption and success of IoT technology and location-based data from your cell phone will be key. As the IoT penetrates deeper and wider into society, sensors on objects will deliver precise location information. As a result, analytics that are dependent upon knowing where something is will be honed to a much higher resolution and deliver answers that are much more refined.