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What is Internet of Things (IoT)?

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Internet of Things

Internet of Things(IoT) describes the network of physical objects-“things”- that are embedded with sensors, software and other technologies. The purpose of IoT is to connect and exchange data with other devices and systems through the internet. The range of devices connected is various. For instance, this device can range from an ordinary household object to a sophisticated industrial tool.

 

The importance of Internet of Things

IoT has become a crucial technology in the 21st century. With the advance in internet connectivity, we are able to connect everyday objects. For example, kitchen appliances, thermostats, baby monitors, cars can be connected to the internet via embedded devices. As a result, seamless communication is possible between people, objects and processes.

 

What technologies made IoT even accessible?

Internet of Things

First and foremost, affordable and reliable sensors these days are making IoT technology possible for many manufacturers. Besides, connectivity is the main technology for IoT as it increases the efficiency for the process of data transferring between connecting sensors to the cloud and to other “things”. Next, the increase in the availability of cloud platforms enables both businesses and consumers to access the infrastructure they need to scale up without actually having to manage it all.

Moreover, the emergence of machine learning and analytics allow the data stored in the cloud to gather insights faster and more easily. Last but not least, advances in neural networks have brought natural-language processing (NLP) to IoT devices (such as digital personal assistants Alexa, Cortana, and Siri). Consequently, this made them more appealing, affordable and viable for home use.

 

Unlock business value with Internet of Things

As IoT becomes more common in the marketplace, companies are capitalizing on the huge business value this technology can offer. For example, these benefits include:

  • Deriving data-driven insights from IoT data and use this data for better management of the business
  • Increasing the productivity and efficiency of business operations
  • Creating new business models
  • Connecting the physical business world to digital work easily and seamlessly 

 

 

 

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What Is the Internet of Things (IoT)?

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