BLOGPOST

How the internet of things is redefining innovation

October 25, 2024
Expert presenting a business innovation roadmap to a group of entrepreneurs, outlining strategies for improvement and venture growth at AMOTEK's venture building session.

The Internet of Things, or IoT, has moved past the hype, evolving into a transformative force that’s reshaping entire industries. From smart homes to high-tech retail, IoT enables everyday devices to connect, share data and make intelligent decisions in real-time. Whether it’s boosting efficiency or creating new business opportunities, IoT is reshaping the innovation landscape. Let’s explore how IoT is turning everyday items into powerful tools for advancement.

What is IoT?

In simple terms, the Internet of Things connects devices to a network, enabling them to exchange data and perform tasks independently. Think beyond your smart home gadgets: IoT devices range from sensors in factories that monitor equipment to systems that optimize energy consumption across entire cities. Thanks to advances in technology, devices are now more affordable, powerful, and versatile, making IoT a reality for businesses of all sizes.

Real-World examples of IoT:

IoT is most familiar in our homes, where it powers smart devices. It allows us to control lights, locks, and thermostats remotely, turning our living spaces into smart homes. In retail, it enhances the customer experience by using sensors to gather data on shopping behaviors, helping businesses optimize store layouts and improve service. IoT is everywhere, creating a more connected, efficient, and personalized world for individuals and businesses.

Also at AMOTEK we see the power of the IoT. Through our IoT-enabled projects, we tackle everyday challenges and enhance efficiency across various sectors. From intelligent retail solutions to eco-friendly technologies, here’s how we’re implementing IoT in two of our key projects to create smarter, more sustainable solutions.

Project iRetailCheck: Enhancing retail security

At AMOTEK we teamed up with iRetailCheck, a Belgian leader in retail theft prevention, to upgrade self-checkout systems with smart IoT technology. By integrating camera-based systems, our solution compares scanned items with checkout data, instantly alerting customers if an item hasn’t been scanned. This technology, already in use in Belgian supermarkets like Action, has proven highly effective at reducing theft.

Our collaboration focuses on two key areas: optimizing theft prevention in self-checkouts and enhancing user experience for both customers and employees. AMOTEK is also developing a Power BI-based dashboard, offering store owners real-time insights to monitor and prevent theft, empowering them to make informed, data-driven decisions that streamline store operations.

Project Fresh Tray: Supporting eco-friendly waste disposal

Fresh Tray is an innovative company dedicated to eco-friendly solutions for cigarette waste disposal. We’ve partnered with them to create an IoT-enabled system that tracks the location and status of disposal stations. By monitoring fill levels, our technology ensures that stations are emptied only when needed, keeping environments clean and reducing unnecessary maintenance. This smart approach not only supports sustainability but also helps communities maintain tidier public spaces.

Partner with us on your IoT journey!

At AMOTEK, we’re passionate about leveraging the Internet of Things to fuel innovation and create lasting impact. Whether it’s through intelligent retail solutions or eco-friendly technologies, our team is ready to help your business stay ahead of the curve. Reach out to our tech crew today to discover how we can transform your operations with cutting-edge IoT solutions.