INTERNET OF THINGS

1. WHAT IS IoT? The IoT is a giant network of connected "things" (which also includes people). The relationship will be between people-people, people-things, and things-things.

2. 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. Sometimes, these devices communicate with other related devices and act on the information they get from one another. The devices do most of the work without human intervention, although people can interact with the devices -- for instance, to set them up, give them instructions or access the data.

3. WHY IoT IS IMPORTANT The internet of things helps people live and work smarter as well as gain complete control over their lives. In addition to offering smart devices to automate homes, IoT is essential to business. IoT provides businesses with a real-time look into how their companies’ systems really work, delivering insights into everything from the performance of machines to supply chain and logistics operations.

4. BENEFITS OF IoT -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 -Generate more revenue