Although not new, the Internet of Things, or the Internet of Everything (IoE) as it’s more recently been called, has been gaining momentum over the last 5 years. Put simply, the IoT is about connecting devices over the internet (or other frequencies such as Wi-Fi) and letting them “talk” to applications, each other and to us. It’s a similar concept to software and hardware integration. It’s enabling individuals and even cities to become smarter and more efficient – and potentially it could do the same for your business.
With The International Data Corporation (IDC) estimating that, by 2020, devices connected to the Internet will generate nearly $9 trillion in annual sales, it’s clear that IoT presents businesses with huge potential. But the way in which connected devices are used by companies will vary massively depending on industry.
We can create mobile, tablet, web or desktop-based software applications with either a cloud based or local database that “talk” via either short-range frequencies such as NFC, Wi-fi, Bluetooth or infrared, or long-range frequencies like the internet and radio-frequency identification (RFID).
Rolls Royce aircraft engines now contain sensors that supply information about how the engine is functioning, enabling malfunctions to be detected before they become catastrophic.
In the world of healthcare, companies like Sonamba are embracing IoT via wearable devices as a way to measure the vitals of ill people and watch for dangerous anomalies.
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