Internet of Things (IoT) refers to a collection of managed and platform services across edge and cloud that connect, monitor and control billions of IoT assets. It also includes security and operating systems for devices and equipment, along with data and analytics that help businesses to build, deploy and manage IoT applications. When discussing the Internet of Things, we consider how these services work together across three components:
1. Things
The physical objects or things, such as industrial equipment, devices or sensors, that connect to the cloud persistently or intermittently.
2. Insights
Information collected by the things, which is analyzed and turned into actionable knowledge either by people or AI.
3. Actions
The way people respond to those insights and connect them to their business, as well as the systems and tools they use.
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Advantages of Internet of Things(IoT)
Internet of Things (IOT) facilitates several advantages in our daily lives. Some of its advantages are given below,
Minimize human effort
As IoT devices interact and communicate with each other, they can automate the tasks helping to improve the quality of a business’s services and reducing the need for human intervention.
Save time
By reducing the human effort, it saves a lot of our time. Saving time is one of the primary advantages of using the IoT platform.
Enhanced data collection
Information is easily accessible, even if we are far away from our actual location, and it is updated frequently in real-time. Hence these devices can access information from anywhere at any time on any device.
Improved security
If we have an interconnected system, it can assist in the smarter control of homes and cities through mobile phones. It enhances security and offers personal protection.
Efficient resource utilization
We can increase resource utilization and monitor natural resources by knowing the functionality and how each device works.
Reduced use of other electronic equipment
Electric devices are directly connected and can communicate with a controller computer, such as a mobile phone, resulting in efficient electricity use. Hence, there will be no unnecessary use of electrical equipment.
Use in traffic systems
Asset tracking, delivery, surveillance, traffic or transportation tracking, inventory control, individual order tracking, and customer management can be more cost-effective with the right tracking system using IoT technology.
Useful for safety concerns
IOT is helpful for safety because it senses any potential danger and warns users. For example, GM OnStar is an integrated device that identifies a car crash or accident on the road. It immediately makes a call if an accident or crash is found.
Useful in the healthcare industry
Patient care can be performed more effectively in real-time without needing a doctor’s visit. It gives them the ability to make choices as well as provide evidence-based care.