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Internet of things (IoT)

         The Internet of things (IoT) is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect, collect and exchange data, creating opportunities for more direct integration of the physical world into computer-based systems, resulting in efficiency improvements, economic benefits, and reduced human exertions.

How does IoT work?

         The Internet of Things (IoT), also sometimes referred to as the Internet of Everything (IoE), consists of all the web-enabled devices that collect, send and act on data they acquire from their surrounding environments using embedded sensors, processors and communication hardware.

Applications:

1. Smart home

         Smart Home clearly stands out, ranking as highest Internet of Things application on all measured channels. More than 60,000 people currently search for the term “Smart Home” each month.

2. Wearables

        Wearables remains a hot topic too. As consumers await the release of Apple’s new smart watch in April 2015, there are plenty of other wearable innovations to be excited about

3. Smart City

         Smart city spans a wide variety of use cases, from traffic management to water distribution, to waste management, urban security and environmental monitoring

4. Smart grids

        Smart grids is a special one. A future smart grid promises to use information about the behaviors of electricity suppliers and consumers in an automated fashion to improve the efficiency, reliability, and economics of electricity.

5. Industrial internet

         The industrial internet is also one of the special Internet of Things applications.

6. Connected car

        The connected car is coming up slowly.

7. Connected Health

        Connected health remains the sleeping giant of the Internet of Things applications.

8. Smart retail

         Proximity-based advertising as a subset of smart retail is starting to take off.

9. Smart supply chain

         Supply chains have been getting smarter for some years already.

10. Smart farming

         Smart farming is an often overlooked business-case for the internet of Things because it does not really fit into the well-known categories such as health, mobility or industrial.