IoT and Drones Automate Field Operations

As the Internet of Things sweeps through a variety of industries, it has started to make its mark by reducing costs and optimizing efficiency. In August, 2019, for example, McKinsey reported that Technology advances had reduced field operation costs by 10%-40% and improved overall field operations productivity by 30%-40%.. Key technology drivers were intelligent and prescriptive action boards, artificial intelligence and machine learning. While many of these field operation advances are in on-the- ground applications such as smart city monitoring, predictive manufacturing, field-based asset management and logistics optimization, IoT and drones are also “taking flight.”