What is the Internet of Things (IoT)?

 In CraneMorley, Mixed Reality Industry Insight

The Internet of Things (IoT) is defined as physical objects or “things” equipped with sensors, processing ability, software, and other technologies that enable them to connect and exchange data with other devices and systems over the Internet or other communication networks. In simpler terms, the Internet of Things (IoT) refers to physical objects like phones or cars that have sensors and processing capabilities, allowing them to connect to the Internet. This connectivity enables users to remotely start their cars and set the temperature from anywhere. It also enables scheduling automatic actions, such as programming a car to warm up in the morning.

Why should I be interested in the Internet of Things (IoT)?

The Internet of Things (IoT) represents the next wave of rapid technological advancement. According to an article by Oracle, more than 7 billion devices are currently connected to the IoT. Experts predict this number will rise to 22 billion by 2025. Many everyday activities are facilitated by the Internet of Things (IoT), often without us even realizing it. These activities can range from simple tasks to critical functions that ensure our safety.

Examples of smaller tasks include using our phones or smart devices to control things like turning off lights or TVs using voice commands for Alexa or Siri. Automation also plays a role, as seen in the automatic settings of our heating and air conditioning systems, which adjust based on room temperature. More complex tasks involving IoT include using sensors on manufacturing lines to alert teams about potential issues or radar systems that warn of extreme weather conditions like flash floods or tornadoes.

What are the benefits of the Internet of Things (IoT)?

A primary benefit for all of us is that the Internet of Things (IoT) makes our lives more convenient. It saves us time and effort, providing comforts like waking up to a freshly brewed cup of coffee or returning home to a clean house thanks to a robot vacuum. These advantages extend beyond just prescheduled and automated tasks. IoT allows us to perform tasks in real time, such as remotely communicating with someone at the front door or checking on our pets and even rewarding them with treats for good behavior.

Additional key benefits include cost savings and contributing to a more environmentally friendly world. Who wouldn’t appreciate saving money? IoT helps us economize at home through sensors that power off electronics that haven’t been used for a certain period. In the business world, IoT streamlines operations and cuts costs, which ultimately benefits consumers like you.

The Internet of Things (IoT) isn’t a fleeting fad or trend; it’s a generation of technology that is here to stay. Imagine life without the conveniences we currently enjoy thanks to IoT, and then envision the countless ways we can further enhance our lives through its continued integration.

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