What is the IoT?

In a simple way, the Internet of Things refers to any object that connects and shares information and data over the internet.

From a more technical stadpoint, the Internet of Things encompasses a system of interconnected computer devices, machines, objects and even animals or people that have the capability to transfer data and information through a network (the internet) without the need for human interaction.

Though it may seem like a futuristic concept, the IoT is already a reality. The potential of this technology lies in the countless applications and possibilities it provides to enhance both people’s quality of life and the efficiency of businesses and smart cities.

Among its most notable characteristics are:

• The IoT opens up new opportunities and business models for companies and cities to create innovatice services and keep growing.
• Utilizing data  from businesses, industries, or cities to predict failures, reduce the time to find solutions to potential issues, and increase automation.
• Efficiency in automating business and industrial processes and making real-time decisions through monitoring.
• Customers satisfaction through the Internet of Things, which offers new experiences with personalized products and services.

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