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Understanding the Internet of Things

Understanding the Internet of Things

The internet of things, or IoT, is a system of interconnected and interrelated mechanical and digital machines, computing devices, peoples, or animals that are provided with unique identifiers. They are able to transfer data over a network without the need for any kind of human intervention, whether it be human-to-computer or human-to-human interaction.

One thing in the IoT can be a farm animal with a biochip responder, a person with a heart monitor implant, a car that features integrated sensors to alert the driver of low tire pressure, or any other man-made object that can be assigned an IP address, and that is capable of transferring data across a network.

The IoT is becoming increasingly popular in a variety of industries and organizations. Let’s take a look at how it works, and what it can do for your business.

 

How the IoT Works

Any IoT ecosystem is made up of web-enabled smart devices that make use of embedded systems like communication hardware, sensors and processors. These systems are used to collect, send and act on data that they receive from their environments.

IoT devices share the sensor data they acquire via an IoT gateway, or any other edge device where data is either analyzed locally or sent to the cloud to be analyzed. These devices sometimes communicate with other related devices to act on the information that they receive from one another.

The devices in an IoT do most of their work without any help from humans, though it is possible for people to interact with the devices. For instance, one could set the devices up, access their data, or provide them with instructions.

 

IoT for Organizations – The Benefits

There are a number of benefits that the internet of things can provide to organizations. Some of these benefits are industry-specific, while others are applicable across a variety of industries. Here are some of the more common benefits that the IoT provides.

● Save time & money
● Generate more revenue
● Monitor overall business processes
● Make better business decisions
● Improve the customer service experience
● Integrate & adapt business models

IoT connectivity encourages companies to rethink the ways that they approach their business, providing them with the tools they need to improve their business strategies. The IoT is most commonly used in manufacturing, utility, and transportation organizations, using sensors and other IoT devices.

However, you’ll also find IoT ecosystems within the home automation, infrastructure, and agriculture industries, leading a number of organizations toward digital transformation.

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Regina Falange

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