Thursday, 19 November 2015

Growing Popularity of 'Internet of Things'

We all know how internet has made our lives easier than it used to be a decade ago. If we talk about business organizations, the use of internet has made business transactions much more quick and efficient than it used to be earlier. Businesses can easily get in touch with prospective clients sitting in far off places and make deals with them through internet. The latest concept of 'internet of things' has helped business organizations in more than one way.Through this, different objects/machines are connected to each other in such a way that one can receive and send data through them. In other words, it allows machine-to-machine communication between several devices. According to an estimate, the number of devices that can be connected through an IoT network is around thirty billion. This is the main reason why more and more industries and technologists are using this concept.

Business organizations are incorporating the concept of Internet Of Things in various departments, be it inventory control, asset tracking, individual tracking or security. It allows them to know about the condition as well as the location of the devices.  For example, a device such as a ship allows communication and relay of information to the business manager, who can then use this information to cut down cost and maximize revenue within the business. Another benefit of the concept of iot is that it helps to track and target individual consumers on the basis of the information provided by the devices.

Iot has not only benefitted business organizations, but individuals and society as well. Individuals can use this concept for safety, finance and health purposes. Since IoT allows automation of devices, healthcare sector can use it to monitor health of the patients. For example, a chip can be implemented into a patient and be used to check signs and symptoms of a disease or illness.