IoT is short for Internet of Things. In simple words, IoT is the network of interconnected things/devices that are embedded with sensors, software, network connectivity and necessary electronics that allow them to collect and exchange data. Gartner defines IoT as a network of physical objects that contain embedded technology to communicate and sense or interact with their internal states or the external environment.

Basic Elements of IoT include sensors/ devices, Gateway for the IoT device to cloud, data processing and analytics, connectivity of devices, cloud server, user interface, automation, and standards and protocols.

• IoT encourages machine-to-machine communication allowing physical devices to stay connected. This leads to improved transparency, efficiency, and greater quality.
• IoT tries to minimize human intervention in workings through automation and control which makes way for faster and timely output.
• IoT brings the power of data to your hand by offering huge volumes of data for processing. You can also monitor and track the status of your assets, improving your supply chain efficiency.
• IoT devices can facilitate employers to improve workplace security and the safety of employees in high-risk settings such as mining, construction, industries, or real-estate. This will allow employers to constantly track and alert employees against dangers.

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IoT devices collect different types of data like automation data, status data, and location data.

Internal sensors collect data from IoT consumer devices such as security systems, smart appliances, smart TVs, and wearable health meters.