What is IoT?
Internet of things (IoT) is a system of devices that have unique identifiers and the capacity to transfer data through a network, with no need of human interaction.
- It improves the use of assets.
- It enhances productivity and efficiency.
- It optimizes processes in real time.
- It increases companies’ value chain.
- It obtains information based on data.
- It creates new business models and revenue flows.
- It enables an easy and smooth connection from the physical corporate world to the digital one.
What do People Say about IoT?
The devices connected to internet use integrated sensors to collect data and, in some cases, carry out actions with them regarding to experience, innovation and continuous improvement.
With over 7 billion IoT devices currently connected, experts predict that this number will go as high as 10 billion by 2020 and 22 billion by 2025.
Who uses IoT?
There are increasingly more industries using IoT to understand consumers’ needs in real time, to become more receptive, improve the quality of machines and systems in no time, optimize operations and discover innovative ways to operate as part of their efforts in pursuit of the digital transformation.
The companies that use the benefits of the internet of things the most are: Retail, manufacture, health, transport and logistics, and the government.
How does it Work?
IoT applications are predesigned software as a service (SaaS) applications that can analyze and present the data captured by the IoT sensors to business users through control panels.
IoT applications use machine learning algorithms to analyze the huge amounts of data from the sensors connected in the cloud.
Data management techniques, the cloud and high-performance computing help manage and analyze the reception of data from sensors of the Internet of Things.
When we combine IoT data with advanced analytics and artificial intelligence – leading to the “Artificial Intelligence of Things” –possibilities seem to be endless and allow us to build a more secure world.
- Sensors shrink:
Technology improvements have created sensors on a microscopic scale, giving rise to technologies such as micro-electromechanical systems.
- Improvement in communications:
The connectivity of communication technologies has improved, so that every type of electronic equipment can provide wireless data connectivity.