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IOT better known as internet of things, is a system of products that interrelate to increase productivity of functionality of humans by transferring data over a network without requiring human-to-human contact. Devices are connected to each other electronically through its software. IOT interconnection technology provides many benefits including safety, better decision making and revenue generation. The promotion of these devices will dramatically improve profit margins for retail companies. Companies have estimated that every active social network user will own 30 IOT devices.

There are many major industries that will benefits from IOT devices which are transportation, medical, manufacturing and hospitality. IOT will provide business progression in processes by enabling interconnecting devices to run autonomously. Results will be provided within the industries and enhance productivity by doing so. The sensors that connect IOT will perform in the capacity to deliver optimization for consumers.

IOT benefits will be recognized for improving the lives through interconnected internet devices. The transformation of individuals world will take place in the home, at work, in the car and at school. Human efforts will be reduced by the time saving of IOT devices. Businesses will be able to stay ahead of the competition through highly interactive customer engagement. Technologies such as IOT will provide comfort in having access to all things data.

Citations

1.     “3 Threats and 3 Benefits of the Internet of Things.” 3 Threats and 3 Benefits of the Internet of Things Comments, 19 Sept. 2018, www.atlanticbt.com/insights/3-threats-and-3-benefits-of-the-internet-of-things/.

2.     “3 Threats and 3 Benefits of the Internet of Things.” 3 Threats and 3 Benefits of the Internet of Things Comments, 19 Sept. 2018, www.atlanticbt.com/insights/3-threats-and-3-benefits-of-the-internet-of-things/.