IoT impacts everything from the way we travel and shop to the way manufacturers track inventory.
There is a lot of hype surrounding the Internet of Things (IoT). What does it all mean? How does it work? And is it really that important?
What is the Internet of Things?
In a nutshell, the Internet of Things (IoT) is an ecosystem of connected physical objects that are accessible through the internet.
The standard definition of IoT describes a broad understanding of the connectedness of IoT devices, but it fails to properly define which ‘things’ actually are IoT devices.
IoT is a giant network of connected things and people, all of which collect and share data about the way they are used and about the environment around them.
How does it work?
IoT enables Big Data. The ‘Internet of Things’ basically works through M2M (Machine to Machine) communication, in which physical objects or ‘Things’ function by interacting with each other.
The Internet of Things (IoT) consists of all the web-enabled devices that collect, send, and act on data they acquire from their surrounding environments using embedded sensors, processors and communication hardware.
These “connected” or “smart” devices can sometimes talk to other related devices and act on the information they get from one another. Experience the Internet of Things.
Importance of IoT
In general IoT promotes a heightened level of awareness about our world and a platform to monitor the reactions to changing conditions. And, like the advent of the Internet itself, IoT enables a broad range of applications from the micro to the macro, and from the trivial to the critical.
Since we’re focusing here on why IoT is important, let’s turn our attention to the “macro” and the “critical” first, and look at some provocative ideas that are already in development across the globe.
The Internet of Things is growing rapidly, and it’s forecast that by 2020 it could include between 30 billion and 75 billion things ranging from smart bands, toys, and photo frames to medical devices, earthquake sensors, and airplanes.
Charter Global IoT Solutions
Charter Global works collaboratively with IT teams and technology partners to build IoT into your business model.
We provide skilled resources and expertise to build your strategy, implement, and deliver your IoT solution with optimal performance.