As the 4th industrial revolution is making its way across all the industries, more and more businesses are embracing innovation by adopting the Internet of Things (IoT). An interconnection of the physical and digital worlds driven by ubiquitous connectivity, cloud computing and big data. This technology is set to transform business models and production processes by harnessing the powers of rapid technological advancements to cater to growing customer expectations. IoT’s ability to connect people and devices economizes time and resources by enabling personalized services to be delivered remotely in real time through the power of fast data collection and exchange via internet connectivity.
The internet of Things – a network that brings closer
The internet of Things’ (IoT) operations depend on a network of interconnected devices, sending and receiving key information for intended service delivery, different from PCs, tablets and phones. This innovative approach relies heavily on effective acquisition of large amounts of data, it’s seamless transfer to powerful processing units and its efficient delivery back to the client. A standard set up consists on one end of devices containing sensors and actuators, ranging from personal smart wearable devices to smart panels in an energy management platform, connected via cables or Wi-Fi to a gateway to communicate with powerful back-end servers and clouds on the other end.
There, acquired data is stored to be analyzed for valuable knowledge extraction and then transferred back to complete the intended task. IoT is quickly expanding the market with new and innovative initiatives such as smart grids, smart health care, smart retail, smart city, smart cars, all part of the new transition into the fourth industrialization. Smart is the keyword since coupling Big Data with Machine Learning and Artificial intelligence adds another layer of benefits: Autonomy to devices. Independent self-correction, predictive maintenance for servicing optimization, and real time monitoring to increase efficiency in the manufacturing process are the few among many generous benefits this constantly evolving technology lends as each industry is aiming to adopt the right technology for innovative services, better client interaction and efficient service delivery.