The definition of the IOT has evolved due to a convergence of multiple technologies such as wireless technology, machine learning, automation, micro-electromechanical systems, and the internet. This merging has facilitated the bridging of the gap between operational technology and information technology, allowing unstructured machine-generated data to be analyzed for insights that will drive innovation. The concept of a network of smart devices has been around since 1982. The machine was able to report its record and whether newly loaded drinks were cold.
HOW IOT WORKS
The internet has changed the way we work & interconnect with each other, by connecting us through the World Wide Web. IOT also aims to take this connectivity to another level by connecting multiple devices at a time thereby facilitating man to machine and machine to machine interactions.
The people who came with this understanding, have also realized that this IOT ecosystem is not limited to a particular field but has business applications in areas of home automation, vehicle automation, factory line automation, medical, retail and healthcare.
BENEFIT OF IOT TO BUSINESS
The most important benefit of IOT to companies depend on the particular application, but the key fact is that enterprises should have access to more data about their own products and their own interior systems, and a greater ability to make changes.
Producers are adding sensors to the components of their products so that they can transmit back data about how they are performing. Businesses can also use the data produced by these sensors to make their systems and their supply chains more efficient.
CONCLUTION
Although IOT seems like an extremely attractive concept in theory, we need to consider methods to improve upon the technology in order to ensure the safety of data and privacy. A glaring hole concerning IOT is the fact that there is no comprehensive means of managing all individual IOT devices. However, the advantages far outweigh the cons.
