The Internet of Things is fast becoming a fixture in some industries, and the technologies for transformative business applications are at hand

Internet Of Things

From homes and industries to enterprises, Internet of Things have become commonplace in all walks of life. Connecting everything and everyone, IoT is making the world smarter and better than ever before.

What is IoT?

Internet of Things (IoT) is an ecosystem of connected physical objects that are accessible through the internet. The ‘thing’ in IoT could be a person with a heart monitor or an automobile with built-in-sensors, i.e. objects that have been assigned an IP address and have the ability to collect and transfer data over a network without manual assistance or intervention. The embedded technology in the objects helps them to interact with internal states or the external environment, which in turn affects the decisions taken.

Benefits of IoT

The Internet Of Things offers a number of benefits to organizations, enabling them to:

  • Monitor their overall business processes;

  • Improve the customer experience;

  • Save time and money;

  • Enhance employee productivity;

  • Integrate and adapt business models;

  • Make better business decisions; and

  • Generate more revenue.

IoT encourages companies to rethink the ways they approach their businesses, industries and markets and gives them the tools to improve their business strategies.

However, this is just the beginning. Unlocking the full potential of Internet of Things requires that businesses understand the opportunities for value creation and systematically address the underlying challenges

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