What is Internet of Things (IoT)?

Internet of Things (IoT) Definition

IoT refers to a network of physical items (or “”things””) that have been implanted with sensors, software, and/or other technologies for the purpose of connecting to and sharing data with other devices and systems across a network such as the internet. These devices or products vary from commonplace home items to complex industrial machines in their sophistication.

Source: https://www.oracle.com


Why is IoT important today?

IoT not only helps us work smarter, live smarter, and achieve complete control over our lives, but it also contributes to our overall well-being. In addition to our smart home devices, the Internet of Things (IoT) is a critical technology in business and industry, providing enterprises with a real-time view into their systems’ inner workings. IoT provides insights into everything from machine performance to supply chain and logistical operations from the production floor to the customer’s door.

*Source: https://www.mojix.com

What is the future of IoT?

The possibilities for IoT in the future are endless. Increased network agility integrated artificial intelligence (AI), and the ability to deploy, automate, coordinate, and secure various use cases at hyperscale will accelerate advancements in the industrial internet. The promise is not only in enabling billions of devices at the same time, but also in harnessing massive amounts of usable data to automate a variety of business operations. Service providers will move deeper into IT and web scale markets as networks and IoT platforms adapt to handle these difficulties, thanks to increasing capacity and AI, opening up entirely new revenue streams.

*Source: https://www.ericsson.com

What is supplier status?

This content is being added. Stay tuned.

Accelerating Product Innovation with IoT

Read more about the expansion of IoT development and how to ensure IoT product success.