IOT is an ecosystem of connected physical objects that are accessible through the internet. The ‘thing’ in IoT could be a person with a heart monitor or an automobile with built-in-sensors, i.e objects that has been assigned an IP address and have the ability to collect and transfer data over a network without manual assistance or intervention. The embedded technology in the objects helps them to interact with internal states or the external environment, which in turn affects the decisions taken.
Scope: IoT can connect devices embedded in various systems to the internet. When devices/objects can represent themselves digitally, they can be controlled from anywhere. The connectivity then helps us capture more data from more places, ensuring more ways of increasing efficiency and improving safety and IoT security. IoT is transformational forces that can help companies improve performance through IoT analytics and IoT security to deliver better results. Business in the utilities, Oil & Gas, insurance, manufacturing, transportation, infrastructure and retail sectors can reap the benefits of IoT by making more informed decisions, aided by the torrent of interactional and transactional data at their disposal.
1. Reduce cost to Organisation
2. Improved process efficiency, asset utilisation & productivity
3. Smarter decision through real time insights and analytics
4. More opportunities for people, business and industries
5. Avoid manual intervention