M2M creates a network of communication between physical objects & helps businesses in improving their processes, monitoring their assets & generating more revenue.
Top 5 Applications of Machine 2 Machine Technology | Sysfore
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TOP 5 APPLICATIONS OF
MACHINE 2 MACHINE
TECHNOLOGY
2. Top 5 applications of Machine 2 Machine Technology
Machine 2 Machine (hereafter M2M) communication is an important part for
Internet of Things (hereafter IoT) inspired world to become a reality. M2M
technology is needed to create a common network of communication between
all physical objects. These communications help the businesses in improving
their processes, monitoring their assets and generating more revenues.
In this article, we’ll talk about some of the applications of Machine to Machine
Technology.
Utility Companies: M2M communications help the utility companies in
harvesting energy products, like oil, gas, etc. and in billing their customers. The
remote sensors deployed in oil drilling sites collect regular data about the
presence of oil at a particular field and send that data to a remote computer.
They are also capable of sending information about the flow rates, temperature,
pressure, fuel levels, etc. wirelessly to the remote computer.
Traffic Control: Traffic Control is another common area where the use of M2M
communication can be seen. A traffic system collects data related to the speed
and volume of the traffic with the help of various sensors and sends this
information across the computers that control the devices such as signals and
lights. The cameras installed on the traffic signals also collect data about the
vehicles not following the traffic rules and send pictures to the software which
then sends challan receipts to the defaulters.
Telemedicine: Another common area of application of M2M communications is
Telemedicine. Heart patients wear special devices which monitor their heart
rate. This data is sent to the implanted device which sends back shocks to the
patient for correcting any errant rhythms in the heart beat.
Inventory Management: Products are tagged with RFID tags which send signals
to the computers and alert the retailer in case of a theft attempt. These tags also
help the retailers to keep a track of their goods which are sold online in large
quantities and have high chances of theft/shortage.
Banking: Banking is another common area to make use of M2M. With an
increase in the smartphone market, people have started making mobile
payments for their purchases. They can deposit money into the bank, transfer
3. money to other accounts and can even withdraw at their convenience. The
mobile system is connected to the bank’s central system and updates the mobile
transaction in the books as and when they happen.
Banks can monitor the cash available in the ATMs and also the technical issues
they are facing.
Today, M2M communication involves a network of personal and industrial
devices talking with each other and it continues to grow. The industry is
estimated to grow to $200 billion by 2022 and we believe this technology holds
a bright future and the flexibility of this technology is certainly of great use in all
kinds of businesses.