IoT: Internet of Thing

Over the last several years, stories of the technologies making up an Internet of Things have started to slip into public consciousness.

The Internet gave us the opportunity to connect in ways we could never have dreamed possible. The Internet of Things will take us beyond connection to become part of a living, moving, global nervous system

So what is IOT?

Internet of Things (IoT) is an ecosystem of connected physical objects that are accessible through the internet. The ‘thing’ in IoT could be a person with a heart monitor or an automobile with built-in-sensors, i.e. objects that have been assigned an IP address and have the ability to collect and transfer data over a network without manual assistance or intervention. The embedded technology in the objects helps them to interact with internal states or the external environment, which in turn affects the decisions taken.

Main Component of Ecosystem

SENSORS & ACTUATORS:

CONNECTIVITY

PEOPLE & PROCESSES

IoT DEVICES?

Digital Farm Example

Market for IoT