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It is even the basis of a new industrial transformation, known as Industry 4. Reason enough to understand the essence of the Internet of Things.

What is the Internet of Things, also known as IoT? You can find many definitions below.

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Look at it this way: people can connect to digital networks and the Internet with devices such as smartphones and computers, in order to share information, chat, buy, and so forth. These things or items can exchange information between them and transmit data to other devices and systems.

They can usually also received data. The information they share can be about objects to which they are attached and the environment they are in through sensors we invest in internet projects come in many shapes for different parameters. Smart devices and machines can also share information about their internal state.

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In other words: physical objects and lots we invest in internet projects them, far more than there are people. All things or connected components of more complex physical objects can be uniquely identified and addressed via the Internet of Things. Examples of things range from consumer-oriented devices such as wearables and smart home solutions Consumer IoT to connected equipment in the enterprise Enterprise IoT and industrial assets such as machines, robots, or even workers in smart factories and industrial facilities Industrial IoTthe essential component of Industry 4.

The question is not what you can connect but why you would do so: the we invest in internet projects, the outcomes. So, IoT is an umbrella term with many use cases, technologies, standards and applications. The things and data are the starting point and essence of what IoT enables and means.

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Examples: health monitoring, asset tracking, environmental monitoring, predictive maintenance and home automation. Some IoT use cases exist across industries, others are more vertical. An example: asset tracking is a universal use case.

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It could be a consumer application to know where your pet or skateboard is. But it could also mean tracking containers on a huge cargo ship.

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Same basic principle, a world of difference regarding technologies and context. In this IoT business guide you can learn about the origins, technologies and evolutions of IoT with business examples, applications and research. The Internet of Things is the logical next step in the evolution of the Internet and is a continuation of M2M machine-to-machine networks and technologies, building upon and extending technologies in M2M, mobile technologies, RFID and more.

IoT stretches further than these roots while encompassing them and became ever more popular due to several factors, including the lower costs of sensors and enabling technologies and networks.

The main areas of Internet of Things investments industries and use cases include manufacturing operations, transportation, smart grid technologies, smart buildings and, increasingly, consumer Internet of Things, smart home automation and retail.

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The interconnection of physical devices with embedded sensing and communication possibilities, including sensors and actuators, is not new and has a long history in the sense of M2M networks of which it is a next and broader step. In the Internet of Things, physical endpoints are connected through uniquely identifiable IP addresses; whereby data can be gathered, aggregated, communicated and analyzed increasingly at the edge of the network: edge computing and fog computing via embedded electronics and software, IoT nodes and IoT gatewaysadditional connectivity technologies and the cloud, networks and IoT platforms with a growing integration of AI, IoT and other technologies such as blockchain.

The Internet of Things is the interconnection of endpoints devices and things which can be uniquely addressed and identified with an IP Internet Protocol address.

With the Internet of Things, devices can be connected to the Internet, sense, gather, receive and send data and communicate with each other and applications via IP technologies, platforms and connectivity solutions.

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IoT is an additional layer of information, interaction, transaction and action which is added to the Internet thanks to devices, equipped with data sensing, analysis and communication capabilities, using Internet technologies.

The Internet of Things is a reality in business and beyond In several industries and companies, tangible value creation by leveraging the power of IoT is happening since quite some time as ample real-life IoT examples show. However, it will still take until long after before hype, roadblocks and misunderstandings regarding the Internet of Things fade away and uncertainties and challenges in several areas are solved.

Moreover, a radical new approach to security will be needed, especially since organizations see themselves forced to go beyond cybersecurity across all their digital initiatives and data protection efforts, embracing a holistic cyber resilience approach with IoT significantly expanding the attack surface.

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The usage of the Internet of Things happens at different speeds. This is poised to change although globally manufacturing will still account for the majority of IoT spend hardware, software, services and connectivity. The manufacturing industry, along with transportation and utilities are the three main IoT investment areas and are part of what is known as the Industrial Internet of Things.

The Internet of Things as an evolving reality Despite challenges, different speeds and the fast evolutions which we will see until the first years of the next decade, the Internet of Things is here.

In business and industry, there are thousands of Internet of Things use cases and real-life Internet of Things deployments across a variety of sectors with the three industries which we just mentioned accounting for a more than significant part of deployments and investments as the image on the right shows.

In the consumer space there are many thousands of devices and applications for a broad variety of purposes.

Add to favorites List: Spain, UAE, Singapore and Australia, across the world governments and companies are investing heavily in smart city research and projects. As smart cities in the UK seem to be unknown to the large majority of Britsother initiatives overseas are making the news. Yet, the smart city opportunity is very much alive in the UK.

Internet of Things spending top 3 industries and global Internet of Things spending forecast Predictions regarding the economic impact, sub segments, technologies and number of IoT-connected devices keep evolving as well. Over the past few years predictions regarding the number of IoT devices has training on options reviewed downwards. Despite being a reality, the Internet of Things in general is still in its early days, regardless of massive attention, we invest in internet projects forecasts and numbers, and major evolutions and deployments in many areas.

However, if you look at the overall potential of IoT we are really just starting. Standards, technologies, maturity levels, devices and applications continue to evolve as various actors in the IoT ecosystem come up with platforms, new data analysis models and even evolving definitions and views to make IoT projects better and smarter.

At the same time, challenges regarding regulation, security and data are being tackled — and even a universal IoT definition is still being debated. The origins of the Internet of Things: how it all started The idea of the Internet of Things goes back quite some time. Think about machine-to-machine M2M networks.

Or think about ATMs automated teller machine or cash machineswhich are connected to interbank networks, just as the point of sales terminals where you pay with your ATM cards.

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These earlier forms of networks, connected devices and data are where the Internet of Things comes from. Most real-life implementations of RFID in those days happened in logistics, warehouses and the supply chain in general. However, there were many challenges and hurdles to overcome, as we covered end in a white paper for a Belgian RFID specialist who targeted the logistics industry mainly warehousing and industrial logistics as RFID was still expensive.

It might surprise you but we invest in internet projects concepts of connected refrigerators, telling you that you need to buy milk, the concept of what is now known as smart cities and the vision of an immersive shopping experience without bar code scanning and leveraging smart real-time information obtained via connected devices we invest in internet projects goods go back since before the term Internet of Things even existed.

Again, it took a long time. Ashton found the solution in RFID tags, which were still far too expensive to be able to put them on each product. The rest is a standard system, solving miniaturization challenges, lowering RFID tags prices and…history. What is IoT?

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Internet of Things definitions The Internet of Things is the interconnected sphere of physical devices with the Internet and other networks through uniquely identifiable IP addresses, whereby data is gathered and communicated through embedded sensors, electronics and software.