The Internet of Things (IoT) is a network of physical objects which sense, and transfer data over the internet without human intervention.
Examples of IoT include driver-less cars, smart homes, wearables, smart cities, smart door locks, air quality sensors, etc.
The IoT depends on technologies like an application programming interface, sensors, Big Data, Predictive Analytics, AI, Machine Learning, Cloud, etc.
The success of connecting device depends upon access to storage and processing data.
Thus, companies working on IoT need to collect data from multiple sources and store it in the cloud network for further processing.
Advantages
- Instant data access
- Minimized human efforts
- Saves time and money
- Transparent communication
- Workforce productivity
Limitations
- Complexity
- Privacy problem
- Dependency on technologies
- Compatibility issues
From machine’s performance to supply chain and logistic operations, IoT helps businesses to gain real-time insights.
IoT is used in industries like healthcare, automotive, finance, retail, manufacturing, etc.
The continuous growth of IoT helps businesses and people to work smarter and gain better control over things, making our lives better in many ways.
Thus, one can clearly see that IoT is used in diverse industry segments and has a promising future.
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