Most people have heard about Internet of Things (IoT), however I am sure that some people don’t know what IoT actually is.
Basically, IoT is the network of physical devices, vehicles, buildings and other items embedded with electronics, software, sensors, and network connectivity that enables these objects to collect and exchange data.
Internet of Things (IoT) has evolved from the convergence of wireless technologies, micro-electromechanical systems, micro services and the internet. The convergence has helped tear down the silo walls between operational technology and information technology, allowing unstructured machine generated data to be analyzed for insights that will drive improvement.
Internet of Things can help you improve business efficiency and effectiveness by gathering intelligence from various equipment, enhancing processing time, and exceeding customer expectations.
By 2020, there will be tens of billions of data spouting devices connected to the Internet. And they’re already changing how we live and work including: the home, office, cities, manufacturing, vehicles, transportation, health care, energy and agriculture.
Have you entered the Internet of Things yet…….?
If you have any activity tracker that talks to your smartphone you are part of the IoT, if you have a thermostat, alarm system, or lights in your home that you can control with your computer or phone, you have.
In terms of business, IoT will impact every business in various ways:
- It will allow companies to make smarter products.
- Enable smarter business operations and smarter
- New business opportunities.
- More efficient, real-time operations
Companies will start making more useful and smarter connected products such as smart tennis racket, an internet-enabled fan, or a smart yoga mat. These are just only some incursions to the world of IoT.
decisions.Sensors has a great impact on IoT, it can be attached to everything such as developing a multi-application gas sensor that could help airports detect and track biochemical threats, determine whether the steak in your fridge has spoiled, or even diagnose breast cancer and other diseases simply by analyzing your breath.
IoT has the potential to change the way businesses and consumers approach the world, it also opens the door to many new business opportunities and revenue streams. Ultimately IoT will change the entire business model for some businesses.
Being able to connect more devices to the Internet will allow businesses greater intelligence and the ability to bolster the efficiency and effectiveness of their operations.Many businesses will eventually upgrade their equipment in coming years and install smart machines or devices that can be connected to the internet.
Internet of Things is not only about connected equipment, it is about working differently and efficiently so that businesses and consumers benefit now and in the future.
There is a downside of to this ultra-connected world, cybersecurity. With a vast increase of data collected online, it will lead to a greater risk of hackers to steal valuable and sensitive business and personal information.
Are you ready to move your business forward and tap into the internet of things (IoT) world?