What on earth is the Internet of Things? While it may sound like a colloquial term, it actually refers to physical items that have specific, internet-based capabilities included. At the consumer level, it’s commonly associated with a “smart home” or “smart devices.” Common household examples include:
Mr. Coffee Smart Coffeemaker
Owlet Smart Sock
Snapshot from Progressive Insurance
Tile Mate trackers
WEMO light switch from Belkin
Incorporating IoT devices into your organization’s processes allows for greater accuracy, tracking, and forecasting of future needs. Using internet-capable devices (through wifi or mobile data), companies can have up-to-the-minute data.
Virtually every industry can benefit from strategic IoT integration. Some of the most common ones include manufacturing, delivery dispatches or supplies trains, healthcare, and water management.