The internet of things, or IoT, is a system of interrelated computing 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.
An IoT ecosystem is a web-enabled system of smart devices that use embedded systems, such as processors, sensors and communication hardware, to collect, send and act on data they acquire from their environments. IoT devices share the sensor data they collect by connecting to an IoT gateway or other edge device where data is either sent to the cloud to be analyzed or analysed locally.
How does IoT make businesses more productive?
The Internet of Things in business is a true innovation. Tiny devices with powerful algorithms behind them can completely transform modern industries, reducing expenses, increasing working efficiency and eliminating risks.
In many businesses IoT has transformed the way a company operates. IoT devices are used to control heating, adjust the lighting, and lock doors. Similarly, for the transportation and logistics industries, IoT devices offer a wide range of uses, including sensors, trackers, and other monitoring devices connected via Wi-Fi or Bluetooth technology.
IoT fundamentally saves businesses money, it also helps companies to become greener. IoT sensors are available that provide environmental data. These sensors ensure that shipments are kept within specific conditions.
For example, food shipments, pharmaceuticals, and other disposable goods often have strict requirements. These goods may need to remain at specific temperatures. The sensors can monitor the temperature and other data, providing instant alerts when the requirements are not met. By addressing the issue immediately, logistics can avoid the need to cover the cost of damaged goods and can improve a companies carbon footprint.
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