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Why Internet of Things ?

Internet of Things is one of the, or ‘THE’ most talked about elements in the world of technology today. Why? Because this concept has enormous potential to do great things. Read on and you can decide for yourself.

Internet of things (IoT) is changing how everything works around us and it’s a change that we are all going to love. IoT consists of intelligent, connected, physical devices that gather and use massive amounts of data to accomplish things that are making our lives impeccably easy and efficient in a way that we only dreamt of a few years back.

How Does IoT Work?

A device in the internet of things can be a person wearing a smart watch, an automobile that has built-in sensors to alert the driver when the engine is in bad condition or any other natural or man-made object that can be assigned an IP address and is able to transfer data over a network.

IoT may sound complex, but in reality it is a fairly simple concept to understand. Let’s find out how IoT works. Sophisticated sensors are embedded in the physical devices that surround us, each of those devices transmitting valuable data. These data alone cannot do much but together can work miracles. That is when IoT comes into play. All the data provided by each device individually are made useful by IoT. IoT brings these diverse information together and provides a common language for the devices and applications to communicate with each other. IoT analyses all data that is fed to it by these devices and provide analytics that are helpful to all sorts of industries, and also helps elevate our day to day life.

Will IoT Potentially Change the World?

Business Insider estimates that 24 Billion IoT devices will be installed by 2020. There is also a prediction that IoT revenue will reach around three hundred and fifty seven billion in 2019. This will open up a great deal of business opportunities and also it will improve quality of life. The Internet of Things helps everyone to live and work smarter, as well as gain complete control over their lives. IoT also plays a part in every industry, including healthcare, finance, retail and manufacturing.

Will IoT potentially change the world? IoT will definitely change the world!