The Internet of Things, or IoT, refers to “network of physical devices, vehicles, home appliances and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these objects to connect and exchange data.” With the help of processors and wireless networks, it's possible to transform anything into part of the IoT. It depends on several technologies – such as application programming interfaces (APIs) which seamlessly connect devices to the Internet. Nowadays, IoT solutions provider companies use other key IoT technologies such as Big Data management tools, predictive analytics, AI and machine learning, cloud, and radio-frequency identification (RFID).

IoT: The Way Ahead

The IoT real-world implementation can transcend to transportation networks: "smart cities" which can help us minimize waste and increase efficiency for matters such as energy use. Let us understand how Internet of things can improve how we work and live.

Connected products — Connected entertainment systems to industrial pumps, this category allows connection of products and services.

Connected fleets — IoT involves tracking, monitoring and maintaining mobile assets such as trucks, ships to construction equipment.

Connected infrastructures — Right from power grids to buildings, the majority of IoT sensors will make connected infrastructures a new reality.

Connected markets — IoT can help cities, rural areas, and other markets to optimize use of assets and natural resources in order to improve overall quality of life.

Connected people — It is all about delivering better lifestyle experiences by connecting people and communities, enabling to improve work, health and life.

The reality is that IoT allows opportunities and connections to take place, many of which we can't even think of or fully understand the impact of today. It's not difficult to analyze how and why the IoT is such a trending technology today; it certainly opens the door to several opportunities.

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