What is Internet of Things (IoT)?
Internet of Things | 26 Dec 2019

IN FUTURE, “ANYTHING THAT CAN BE CONNECTED, WILL BE CONNECTED.”
But why would we want so many connected devices talking to each other? There are many examples for how this might look and the potential value as a result. For eg, on your way to a meeting, your car accesses your calendar and already knows the best route to take. If the traffic is heavy, your car might send a text to the other party notifying them that you will be late. Or your alarm clock wakes you at 6 a.m. and notifies your coffee maker to start brewing coffee.
IoT is already growing to be one of the most important technologies of everyday life, and it will continue to pick up steam as more businesses realize the potential of connected devices to keep them competitive. IoT provides businesses with a real-time data, delivering insights into everything from the performance of machines to supply chain and logistics operations. IoT enables companies to automate processes, reduce labour costs, cut down waste, and improve service delivery; making it less expensive to manufacture and deliver goods while offering transparency into customer transactions. IoT touches every industry, including healthcare, finance, retail and manufacturing.
The applications of IoT is as far as we can imagine. Besides our everyday lives, in business, on a grander scale, IoT can affect our lives in the form of Smart Cities, as shown in the picture below.
It’s not difficult to see why IoT is such a hot topic. Conversations about the IoT are taking place more frequently all over the world. For now, the best thing to do is to educate ourselves about what IoT is, the potential effects on how we work and live, and how this will impact our lives.
While IoT opens the door to seemingly unlimited opportunities, it also poses many challenges. We will delve more into this in our next part of this series.
Notes:
- https://internetofthingsagenda.techtarget.com/definition/Internet-of-Things-IoT
- https://www.forbes.com/sites/jacobmorgan/2014/05/13/simple-explanation-internet-things-that-anyone-can-understand/#653378a11d09
- https://www.zdnet.com/article/what-is-the-internet-of-things-everything-you-need-to-know-about-the-iot-right-now/
- https://www.ibm.com/blogs/internet-of-things/what-is-the-iot/