What Is the Internet of Things (IoT)?

What Is Internet of Things IoT?

The Internet of Things (IoT) is a network of physical objects that are embedded with sensors, software, and other technologies in order to connect and exchange data with other devices and systems over the internet. These devices range in complexity from common household items to sophisticated industrial tools.

 

Why Is Internet of Things (IoT) so important?

In recent years, IoT has become one of the 21st century's most significant technology. Now, when we can link to the Internet through embedded devices, everyday objects – kitchen appliances, cars, thermostats, baby monitors – a smooth communications between people, processes and stuff is possible.

What Technologies Have Made IoT Possible?

Although the principle of IoT has been around for a long time, a series of recent developments have made it practical in a variety of different technologies.

  • Access to low-cost technology
  • Connectivity 
  • Cloud computing platforms
  • Machine learning and analytics
  • Conversational artificial intelligence

 

What Are IoT Applications?

IoT Smart Applications are pre-built, SaaS applications which can analyse and provide business users with captured IoT sensor data through dashboards. Intelligent application applications are also pre-built. Business users will rapidly improve current processes for provider chains, customer care, human resources and financial services with cloud-based IoT applications. No whole company processes need to be recreated.

 

What Industries Can Benefit from IoT?

Manufacturing

The competitive advantage of manufacturers is by monitoring of production lines to enable proactive maintenance of equipment when the sensors detect an imminent defect. Actually, when production performance is impaired, sensors may calculate. The manufacturers can easily monitor the accuracy of the equipment or remove it from output until it has been repaired with sensor warnings. This enables businesses to reduce operating costs, increase operating life and improve the management of assets.

Automotive

The automotive industry offers considerable benefits from the use of IoT applications. In addition, sensors can detect imminent fault in vehicles on the road and warn the driver with information and suggestions in addition to the advantage of using IoT in production lines..

Transportation and Logistics

A number of IoT applications support transport and logistics systems. The IoT sensor data allows the reorganization and reprocessing of fleet of cars, lorries and vessels with inventory based on environmental conditions, availability of vehicles or drivers. Also for tracking and trace and temperature control monitoring the store itself can be fitted with sensors. The food & beverage, flower and pharmaceutical industries also have an inventory sensitive to temperatures, which would greatly benefit from IoT monitoring applications which send alerts if temperatures rise or fall to a level that threatens the product.

Healthcare

The control of assets by IoT gives the healthcare industry many benefits. Physicians, nurses, and nurses also need to know exactly where the caregivers such as wheelchairs are located. Many hospital assets can be tracking so that physical assets in and department are properly used as well as financially accountable.

WHAT IOT SOLUTION ARE YOU LOOKING FOR?

ITB Commerce developed IoT solutions and provided IoT consulting services for businesses operating in a range of domains, including:

  • Industrial IoT
  • Medical IoT
  • Fleet Management
  • Smart, Connected Products
  • Smart Cities
  • IoT for Retail
  • IoT for Telecoms