In a modern world many smart devices are around us, challenges to connect these devices to internet. Increasingly, organizations in a variety of industries are using IoT to operate more efficiently, better understand customers to deliver enhanced customer service, improve decision-making and increase the value of the business.
How IoT works
An IoT ecosystem consists of web-enabled smart devices that use embedded processors, sensors and communication hardware to collect, send and act on data they acquire from their environments. IoT devices share the sensor data they collect by connecting to an IoT gateway or other edge device where data is either sent to the cloud to be analyzed or analyzed locally.
Benefits of IoT
The internet of things offers a number of benefits to organizations, enabling them to:
- monitor their overall business processes;
- improve the customer experience;
- save time and money;
- enhance employee productivity;
- integrate and adapt business models;
- make better business decisions; and
- generate more revenue.
IoT encourages companies to rethink the ways they approach their businesses, industries and markets and gives them the tools to improve their business strategies.