Definition of Internet of Things (IoT)
What does is it mean and how is it used
What is The Internet of Things (IoT)?
IoT or ‘The Internet of Things’ is this year’s buzz term. So, what is it exactly? Technically, it’s a system of interconnected computer devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers (UIDs) and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction. Put simply, it’s how you connect your fridge, Amazon Alexa or even a dog to the internet.
Why use the Internet of Things (IoT)?
For consumers IoT is starting to transform their homes, making their lives easier by connecting appliances and gadgets to everything from online shopping, home entertainment and all manner of health monitors. Likewise, for your business IoT is a cost-effective way to regulate and monitor everything – and as IoT devices can be connected to each other and controlled to improve efficiency. A good example is by enabling employees to work remotely with IoT devices, maximizing productivity.
Latest Internet of Things Insights
By 2020, IoT is expected to connect more than 30 billion devices and thus generate trillions of dollars in global economic benefit. That’s why it is crutial to acquire a technology which is able to handle and analyze large-scale streaming data.
High level of stability, flexibility and being future-proof were the key factors for Edison street GmbH for responding to the fast-moving challenges in automatization and big data analytics.
It is expected that by 2020, roughly 3 connected “things” will be used by every man, woman and child on the planet.
Facilitating intelligent customer and product interactions across different touch points, IoT will bring omnichannel to all small businesses.
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