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Learn more about the Internet of Things
IoT stands for the Internet of Things, an interconnected network of physical devices and sensors which create and exchange data over the internet. As the internet originally connected devices such as desktops, laptops, smartphones, and tablets, connectivity has been rapidly extended to traditionally "dumb" devices and everyday objects.
Today's "smart home" can include smart thermostats, electric lights, smart locks, and appliances capable of collecting, sending, and receiving data, as well as acting remotely on commands.
Wearables include smart clothing, sportswear, watches and even smart gloves that can collect and send data about a wearer's workout, vital statistics and more for further analysis, metrics and recommendation.
Enterprise solutions may include such end-to-end systems as connected factories and tracking and monitoring systems for logistics companies. Analysts in industrial settings can now capture and analyze sensor information for feedback about assembly procedures or the state of an industrial environment.
Categories range widely and overlap, but include consumer, business, and infrastructure products and systems. The number of connected IoT devices increased 31% year-over-year to 8.4 billion in 2017, and estimates point to 30 billion devices by 2020.
The benefits of connected devices and sensors are practically endless.
As IoT involves collecting data in real time, IoT also makes it possible for companies (and researchers, etc.) to respond to insights derived from that data from a remote location and in real time.
With IoT, it is now possible to respond immediately to challenges including real-time threats, vital and health signs, competition, supply chain changes, climate, and energy consumption spikes and anomalies.
The risk to your business is the missed opportunity to extract the value your IoT data could provide.
"Enterprise IoT" concerns devices used in business, industrial, and corporate domains. Predictive maintenance, production-line efficiency, issue detection, and troubleshooting all play into the 9.1 billion enterprise IoT devices estimated to be in use by 2019.
Enterprise IoT applications range far and wide but can include:
- Infrastructure: Traffic, input, safety, and condition monitoring for roads, bridges, wind farms, and railways.
- Manufacturing: By networking machinery, sensors, and control systems, IoT enables rapid manufacturing of new products, dynamic responses to product changes, and optimizations to production and supply.
- Energy: IoT applications can collect and share data on power consumption and aggregate it for KPIs on grid efficiency and metering capabilities.
- Agriculture: IoT systems can collect and share data on climate, soil, rainfall, and other factors, enabling greater automation while minimizing waste.
- Healthcare: Patients can benefit from features like remote health monitoring and emergency notifications to doctors.
- Transportation: IoT devices allow inter-vehicle communication, electronic toll collection, fleet management, and improved roadside assistance.
All of these areas have one thing in common: in order to get value from all that data, analysts require frictionless access to it, even when in motion. And one must be able to get all that data — from all possible sources — to a single location for analytics.