The Internet of things (IoT) is the extension of Internet connectivity into physical devices and everyday objects. Embedded with electronics, Internet connectivity, and other forms of hardware (such as sensors), these devices can communicate and interact with others over the Internet, and they can be remotely monitored and controlled.
The definition of the Internet of things has evolved due to the convergence of multiple technologies, real-time analytics, machine learning, commodity sensors, and embedded systems.
Traditional fields of embedded systems, wireless sensor networks, control systems, automation (including home and building automation), and others all contribute to enabling the Internet of things.
In the consumer market, IoT technology is most synonymous with products pertaining to the concept of the "smart home", covering devices and appliances (such as lighting fixtures, thermostats, home security systems and cameras, and other home appliances) that support one or more common ecosystems, and can be controlled via devices associated with that ecosystem, such as smartphones and smart speakers.
A significant portion of a Telcos’ operational cost is eaten up by remote infrastructure. It is where the original use case of IoT plays a major role, i.e. remote monitoring and management. Consider a cellular mobile operator network. Such a network will consist of a huge number of mobile cell towers distributed across a vast geographical area.
IoT in the energy industry can be used to keep track of a number of system metrics, including its overall health, performance, and efficiency, and as a result, simplify its maintenance. Be it a wind turbine or other critical equipment, it might be hard to identify a problem before the system goes down. Plus, checking for problems manually is an extremely wasteful and laborious process.
Industrial Internet of Things (IIoT) is a way to digital transformation in manufacturing. Industrial IoT employs a network of sensors to collect critical production data and uses cloud software to turn this data into valuable insights about the efficiency of the manufacturing operations.
The Internet of Things (IoT) is the next big and imminent thing in financial services. It is a network of connected devices through the Internet, which receive and send data. In this whitepaper, we discuss how IoT will help financial and banking services bring more value to customers
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