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The Internet of Things also known as IoT, in simple terms means the billions of physical devices that are now connected to the internet around the world, all these devices collect and share data. The term IoT is mostly used for devices that wouldn’t normally be expected to have an internet connection, and that can communicate with the network independently of human action. For example for some specific reason, a PC isn’t generally considered an IoT device and similarly neither is a smartphone even though the latter is overloaded with sensors. On the other hand, a fitness band or a smartwatch or other wearable device might be counted as an IoT device.

Therefore, in brief the Internet of Things is the concept of connecting any type of device as long as it has an on/off switch to the Internet and to other connected devices. The IoT is a huge network of connected people and things, all of them collect and share data about the method they are used or managed and about the environment around them.

There are a number of objects of different shapes and sizes around us like fitness watches, driverless cars, microwaves and many more.

Hence, the Internet of Things is making the framework of the world around us smarter and more responsive by merging the digital and physical universes.

How does it work?

All the devices and objects with built in sensors are attached to an Internet of Things platform, which consolidates data from the different devices and applies analytics to share the most beneficial information with applications built to address specific requirements.

The powerful IoT platforms can precisely pinpoint exactly what information is beneficial and what can safely be overlooked. This information can be used to detect patterns, make recommendations, and detect possible problems before they take place. For example, if someone who owns a car manufacturing business, that person might want to know which optional components (like leather seats or alloy wheels) are the most prominent or fashionable.

Using Internet of Things technology, that person easily can:

Use sensors to detect which areas in a showroom are the most popular, and where customers stick around longest. Drill down into the available sales data to recognize which elements are selling fastest. Instinctively align sales data with supply, so that marketable or well-liked items don’t go out of stock. The information collected by connected devices authorizes the person to make smart decisions about which elements to stock up on, based on real-time information, which helps him to save time and money.

Why is IoT important?

The Internet of Things assists people to live and work smarter, and also gain complete control over their lives. In addition to offering smart devices to automate homes, IoT is essential to business. IoT offers businesses with a real-time look into how their systems really function, and delivers insights into everything from the functioning of machines to supply chain and logistics operations.

Therefore, IoT is one of the most influential technologies of everyday life, and it will continue to pick up steam as more businesses recognize the potential of connected devices to keep them competitive.

The Internet of Things is actually a pretty simple concept, it means taking all the things in the world and connecting them to the internet.