Monday 27 August 2018

Positive and Negative Effects of IoT in Hospitality

Hospitality businesses are already deploying IoT solutions with stellar results for guests, margins, and the environment. But they must also develop robust cybersecurity protocols.

Imagine our everyday objects interacting and communicating with each other over the internet. That’s the simplest description of the Internet of Things (IoT). According to Forbes, “The Internet of Things is the network of physical objects embedded with electronics, software, sensors, and network connectivity, enabling these objects to collect and exchange data.”

It’s not so hard to imagine the idea of IoT anymore because it is in our households, businesses, and being applied to multiple industries across the world to automate simple processes and allow companies to increase productivity and decrease unnecessary labor costs.

Companies like GE are calling the industrial Internet of Things (IIoT) the “Third Wave of Innovation” following the Industrial Revolution and Internet Revolution.

Businesses are already successfully deploying applications of IoT in hospitality to increase guest satisfaction, employee productivity, and environmental sustainability while decreasing unnecessary costs and labor.

For example, “A smart energy management system knows when a guest room is unoccupied and can automatically adjust the temperature to reduce energy consumption by as much as 20-45 percent,” according to Telkonet. Those utility savings translate into margin growth and definite gains in environmental sustainability.

To better implement IoT solutions in your business, let’s explore the top five trends already impacting the hospitality industry ranging from front of the house to the back of the house applications.

Businesses are already successfully deploying applications of IoT in hospitality to increase guest satisfaction, employee productivity, and environmental sustainability while decreasing unnecessary costs and labor.

IoT in Hospitality—Five Trends

  1. Guest-room Automation: Guest-room automation provides a way for hotels to stand out from the competition by making guests feel comfortable, accommodated, and on the cutting edge of modernity. For example, Starwood Hotels & Resorts utilized a technique called “daylight harvesting” to save energy and increase indoor lighting consistency by automatically adjusting the LED lighting based on the natural light detected coming into the room.
  2. Predictive Maintenance: Predictive maintenance takes preventive maintenance one-step further by using sensor data to recognize hazardous trends and alert the appropriate maintenance engineer before the issue escalates. For example, if you’re tracking 16 meters manually with a labor cost of $16/hour, checking the meters once per day will cost you $3,840 annually. Now imagine checking the meters once per hour, per minute, and once per second. It becomes impossible to manually check your meters that often without IoT. Predictive maintenance empowers you to make highly accurate guesses about where what to repair when. It focuses human attention where and when it’s most needed.

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Article Credit: IOT

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source http://news.statii.co.uk/positive-and-negative-effects-of-iot-in-hospitality/

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