The Internet of Things (IOT) refers to the billions of physical devices around the world that are now connected to the internet, collecting and sharing data. Things those connected to the Internet are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet.
And these devices range from ordinary household objects to sophisticated industrial tools.
IOT is now becoming one of the most important technologies of the 21st century. It is the one we can connect our day to day objects like, kitchen appliances, cars, ACs, security cameras to the internet via embedded devices, seamless communication is possible between people, processes, and things.
By means of low-cost computing, the cloud, big data, analytics, and mobile technologies, physical things can share and collect data with minimal human intervention. In this hyperconnected world, digital systems can record, monitor, and adjust each interaction between connected things. The physical world meets the digital world and they cooperate.
The Internet of Things (IOT) is becoming more widespread in the enterprise sectors, corporates are capitalizing on the tremendous business value it can afford. These benefits include:
Deriving data-driven insights from IOT data to manage the business more efficiently Increasing efficiency & productivity of business operations across the world Creating new business opportunities and more revenue flows Seamlessly & very easily connects the physical business world to the digital world.