Smart buildings use integrated IoT technology to intelligently control environment and energy usage. A basic application might be sensing people entering a room and turning up the air conditioning cooler to compensate, then setting it warmer again when people leave. 

Data generated by the building sensors array can be used to refine its energy usage, reduce carbon footprints and increase the comfort and productivity of its occupants.

Using sensors to communicate everything from engine health to geo-positioning and accident detection, vehicles present a huge opportunity for IoT technology. Cars are now  able to self-diagnose issues and even schedule appointments for servicing with dealerships. Automakers who aggregate the data across all vehicles will be able to catch design faults earlier, manage recalls more smoothly, and use actual performance data to design superior cars that better meet the needs of drivers.

Insurers may see market opportunity by offering differential or dynamic pricing models to customers agreeing to share data from their connected devices with insurers. So households with IoT-enabled security systems can qualify for lower rates, or individuals that meet their 10,000 steps per day target get a break on their health insurance.

Supply-chain management and logistics are ripe for IoT innovation. Not only can they expect to see enhancements from predictive maintenance and self-diagnosis, they will experience benefits from increased visibility into location and better inventory control.

Proximity and location sensors allow shipments to be tracked and monitored in real time along the entire route. Other sensors might indicate the health or status of a shipment throughout, including temperature and humidity— which might be critical for certain kinds of freight, including live animals, organs, chemicals or other valuables. Inventory is automatically monitored and restocked when levels are low, or parts are automatically moved to the production floor when needed, reducing downtime and the need for manual oversight.