Internet of Things has grown from coming together of micro-electromechanical systems, wireless technology, micro services and internet. This convergence has helped to tear the silo walls between operational technology and information technology, allowing unstructured machine-generated data for analyzing the insights which drive improvements. IOT is simple: it's all about connecting devices via the Internet, allowing them to speak to us, to the application, and with each other.
In recent years, much has been talked about sensors, cameras, and other devices that will be connected exponentially in the Internet of Things (IoT). And, a large amount of income potential in terms of trillions of dollars of economic value that is being thought to emerge from it. Although the future of IoT may be interesting, yet much of the industry messaging has gone above the heads of people who do not understand the terms of IoT solutions.
And, these people operate plants, companies, and businesses and are also responsible for the deployment of the IoT-based solutions. Investors wonder to see the state and think what is actually real, and what is the hyped-up vision of the IoT-based future of industries in the near fate.
Over the past few years, organizations around the world have begun to show interest in IoT technology. Conventional industry organizations manage to change the outdated manufacturing process. Also, the whole gamut of innovative young startups is redefining the old notion and assumptions. This ensures that the benefits of IoT technology will not keep it much far from the current scenario. It is being implemented now everywhere.