IoT stands for “Internet of Things”. It points to the vast number of stand-alone or physical devices that are connected and exchange data with other devices over the internet.
It gives the power of the internet connectivity, data processing, and analytics to the real world of physical objects. For users, it leads to communication with the information network worldwide without the use of a intervening keyboard and screen.
It, thus implies that many of daily objects can take instructions from that network with the least human assistance or intervention.
Why is IoT important?
Who does not want to live and work smarter? The “Internet of Things” helps people live and work smartly. IoT, even lets people gain full and utmost control over their lives. Also, it constantly and regularly delivers insights into everything. Like the performance of machines to supply chain and logistics operations. It also, offers smart devices to automate homes and is essential to business. It provides businesses with a real-time look into how their systems really work.
IoT cuts down on waste and improves service delivery. It makes manufacturing less costly and deliver goods. In addition, it offers transparency into customer transactions. Thereby, enabling companies to automate processes and reduce labor costs.
Therefore, IoT has become one of the most important technologies of everyday life. It will thus, continue to pick up speed as and when more and more businesses realize the potential of connected devices to keep them competitive.
What does IoT stands for?
Layman understanding of IoT: The Internet of Things, extends the power of the connectivity beyond computers and smartphones. For instance, it extends them to a whole range of other things, processes, and environments. These “connected” things are then used to gather and exchange information.
Why does Internet of Things matter?: It matters, as it lends people and businesses better and clearer insights into and control over the 99.1 percent of objects, environments and processes that continue to stay beyond the reach of the internet. Thus, it makes or allows businesses and people to get more connected to the world and also to do more meaningful and noteworthy works. Which, in turn, will make their and other’s life easier and happier.