a development of the Internet in which everyday objects that have things network connectivity, which gives them permission to send and receive data.
The number of connected devices on the IoT network will be huge. One estimate says that the number will be nearly 40 billion, which is approximately 30 devices for each and every active social network user in the world. That is actually a conservative estimate. Another analyst predicts that “trillions of sensors” will comprise the IoT.
Transportation: We have been using GPS to track movement of delivery trucks for years. IOT eases and simplifies the entire process by introducing a monitory sensor that helps to track distance and time locations and other contributing factors.
Inventory management: As managing fleet, inventory management and tracking is also a major task. IOT is used to tag radio frequency sensors to track the location of products in real time. It has been instrumental in tracking the level of inventory and to stock it in advance, making alerts for unforeseen stoppages, automatically placing orders, etc.
Promotions: Many businesses use IOT to send mobile promotions to frequent shoppers. This is done by keeping track of the shoppers history and shopping interests. It utilizes location-based tracking of the physical shoppers as well as those shopping over the internet.
Assessing web user intelligence: IOT is used by third party web data aggregators to have a better understanding of their customer by tracking them on social media networks. This is essential to identify the key customers and their preferences.
Facilitates warranty and maintenance services: IOT enables product tracking. This in turn helps to keep a track of products that require maintenance or warranty. This also helps in crisis moments like thefts to track and place a product.
Vending technology: IOT has played a big role in enhancing the working of vending machines by enabling them to communicate to monitor inventory levels, determine pricing, etc.
The “Internet of things” (IoT) is becoming an increasingly growing topic of conversation both in the workplace and outside of it. It’s a concept that not only has the potential to impact how we live but also how we work. But what exactly is the “Internet of things” and what impact is it going to have on you, if any? There are a lot of complexities around the “Internet of things” but I want to stick to the basics. Lots of technical and policy-related conversations are being had but many people are still just trying to grasp the foundation of what the heck these conversations are about.