The Internet of Things (IoT) is a system of interrelated computing devices, mechanical and digital machines, objects, people or animals that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.
A thing, in the internet of things, can be a person with a heart monitor implant, a farm animal with a biochip transponder, an automobile that ha built-in sensors to alert the driver when tire pressure is low or any other natural or man-made object that can be assigned an IP address and provided with the ability to transfer data over a network.
IoT has evolved from the convergence of wireless technologies, micro-electromechanical systems, microservices and the internet. The convergence has helped tear down the silo walls between operational technology and information technology, allowing unstructured machine-generated data to be analyzed for insights that will drive improvements.
Practical applications of IoT technology can be found in many industries today including precision agriculture, building management, healthcare, energy and transportation. Connectivity options for electronics engineers and application developers working on products and systems for the Internet of Things.
After file sharing, e-commerce, and social media, the next generation of the internet is connecting things and devices. These devices range from sensors and security cameras to vehicles and production machines. Connecting devices results in data that open up new insights, business models, and revenue streams. The insights gained from this data in turn give rise to new services that can complement the conventional product business.