Internet of Things (IoT), refers to the connection of internet-enabled devices, machines, and people, which enables them to collect data, exchange communications, and exchange data over the internet. It is a network of ‘things’ that are connected to the internet and configured to gather data or communicate and interact with each other.
The widespread use of connected devices and the development of connectivity technologies such as WiFi, Bluetooth, and RFID, have enabled IoT devices to be connected easily and cheaply. This allows for a greater number of objects to be connected, often in a single system, creating a larger network of more connected things.
The development of IoT technologies has created new opportunities for businesses to leverage the data generated by connected devices to better understand and serve customers. From home-monitoring systems to smart agriculture, industrial manufacturing, and smart city systems, IoT has opened up new ways for organizations to make use of data-driven decision-making and develop customized, tailored experiences for customers.
IoT is revolutionizing industries by offering ways to increase productivity, deliver insights faster, and easily automate operations. By enabling greater connectivity between machines and people, IoT has the potential to provide unprecedented levels of data accuracy and speed.
IoT also has the potential to address global challenges, such as environmental sustainability, with data-driven decisions and automated processes. For example, IoT devices can be configured to detect and alert about water and air pollution, or can be set up to better control and monitor energy usage in buildings and homes.
The internet of things is set to grow significantly over the coming years. This is due to the growing adoption of connected devices, the increasing demand for data-driven decision-making, and the development of new and improved connectivity technologies.
