Internet of Things (IoT) is a computing concept of connecting computing objects, mechanical & digital machines, objects and people to the internet and getting identified them with other devices and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction. The term is closely identified with RFID as the method of communication, although it also may include other sensor technologies, wireless technologies or QR codes.
The Internet of Things is a difficult concept to be defined. In fact, there are many defined terms of IoT, although its initial use has been associated to Kevin Ashton, an expert on digital innovation. Each definition of IoT shares the idea of the first version of the internet was about data created by people, while the next version is about data created by things. In 1999, Ashton said it best in this quote from an article in the RFID Journal:
“If we had computers that knew everything there was to know about things – using data they gathered without any help from us – we would be able to track and count everything, and greatly reduce waste, loss and cost. We would know when things needed replacing, repairing or recalling, and whether they were fresh or past their best.”
Alike big data, IoT also offers immense customer insights to businesses. It can benefit in revolutionize daily life operations and creating smarter cities and leaner enterprises.
Internet of Things Keys:
Real-time analytics can provide upto the minute information and presents it in a much better and quicker way so that business decisions can be made.
Smarter actions helps in to obtain sustainable results with predefined manageable task which are aligned with corporate goals and time specific to evaluate consistently and recognize mastery.
A clear vision and focus on the problem with rapid innovative ideas to define the business nature and discover new opportunities to develop advanced solutions.
Result-oriented approach to build next-generation systems and provide business insight by solving problems; with security and reduced cost models to deliver excellent customer outcomes.
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