The Internet of Things
The Internet of Things (IoT) is a term used to describe the network of physical devices, vehicles, home appliances and other items embedded with electronics, software, sensors, actuators, and network connectivity which enable these objects to connect and exchange data. IoT allows objects to be sensed and controlled remotely across existing network infrastructure, creating opportunities for more direct integration of physical world into the computer-based systems, and resulting in improved efficiency, accuracy, and economic benefits.
IoT offers a variety of applications and services for both industry and consumers, ranging from home automation, connected transportation, smart cities, and industrial automation. In fact, connected devices of all kinds are being used in increasingly complex ways, enabling a profound transformation in how people work, travel and how businesses operate.
For consumers, the Internet of Things allows many types of items such as home appliances, vehicles and personal devices to be connected and monitored via the web. This helps people to more easily control and monitor their environment while they are away from home. For example, you can remotely turn on or off the TV, lights, air conditioner, etc., as well as receive notifications of when the locks on your doors have been unlocked or locked.
On the business side, IoT is enabling industrial automation and smart manufacturing. Companies are using advanced sensors, connected devices and data analytics to analyse and remotely monitor their physical operations, from vehicles to production machines. This improved transparency helps businesses to better understand their production processes, leading to greater efficiency and increased profits.
At the city level, emerging applications are creating a range of connected services. Smart street lights, traffic sensors, waste management systems, public transportation, parking spaces and other connected public amenities are being deploy to improve the efficiency of city operations, reduce costs and improve citizen safety. Smart cities are leveraging data from connected devices to improve the quality of life for the people living and working there.
The Internet of Things has the potential to create tremendous value for society and businesses, from both a financial and environmental perspective. By improving the efficiency of processes, reducing waste and providing new services, IoT can help society to create new opportunities and prosperity.
