Internet of Things (IoT)

Internet of Things (IoT) are basically physical devices such as vehicles, home appliances (furnishings have joined the party), building materials, and other items which are interconnected to collect and exchange data through the sensors, software, actuators, micro-chips, electronics etc embedded in them to ensure network connectivity (internet, Bluetooth etc).

IoT allows for real-time information that we've never had before. We can monitor our homes and businesses remotely to keep them secure. Businesses can improve efficiency, increase productivity, and reduce cost. This is a unique opportunity for them to turn data into actionable insights. IoT smart sensors can monitor changing environmental conditions and warn us of impending disasters. With IoT, possibilities are endless. The ‘thing’ in IoT could be a person with a heart monitor or an automobile with built-in-sensors.

Internet of things applications

• Home automation (also known as smart home devices) such as the control and automation of lighting, ventilation, air conditioning (HVAC), robotic vacuums, air purifiers, ovens or refrigerators that use Wi-Fi for remote monitoring.
• Wearable technology which includes smart watches, fitness trackers, VR headsets and more.
• Environment: IoT application technologies that have sensors can be used to monitor air and water quality, soil or atmospheric conditions, and even the movements of wildlife.
• Utilities doing real time grid assessment from devices sitting on the grid
• Logistics firms designing real-time visibility into location and condition of assets
• Infrastructure: The IoT can also be applied to monitor and control operations of urban and rural infrastructure such as bridges and railway tracks.
• Manufacturers predicting when equipment will need maintenance
• Insurers increasing revenue through asset monitoring
• Medical and Healthcare: IoT devices can facilitate remote health monitoring and emergency notification systems such as blood pressure and heart rate monitors.
• Retail: Retailers creating more personalized in-store shopping experiences
• Banks providing better offers and more engagement via tellers and ATMs