Internet of Things

• Internet of Things: A network of interconnected devices ranging from computers and electronic gadgets to vehicles, all connected to the internet.
• The term dates from the late 1990s.
• Devices and products would eventually "talk" to each other and to network servers, in the interest of improving their performance.
• The "Internet of Things" can be seen as connected to "smart" devices — televisions, refrigerators, wristwatches and more.
• loT allows these devices to seamlessly exchange and consume data with minimal human intervention.
• Once the data gets to the cloud, software processes it and then might decide to perform an action, such as sending an alert or automatically adjusting the sensors/devices without the need for the user.
• For example: smart homes where we can control our gadgets from any corner of the house.
• A geyser can be switched on minutes before we are to take a shower.
• Three forms of internet - Consumer, Commercial, Industrial
• They have different target audiences, technical requirements, and strategies.
• The consumer market has market visibility (e.g. smart homes, personal connectivity via monitors, entertainment integrated devices).
• Commercial market has high marketability as they have services that encompass financial and investment products such as banking, insurance, financial services, and e-commerce.
• Enterprise loT includes small, medium and large scale businesses.

Industrial Internet of Things - Applications

• By "Industrial Internet of Things" we only distinguish the assets that are connected: industrial devices as against the consumer devices, yet the underlying idea is the same.
• IIoT devices are wirelessly connected to the networks.
• Objective: increased efficiency and productivity through automation.
• We want to collect comprehensive data from assets or a processes.