What is Internet of Things? & how is steering the wheel of on-demand economy
What is Internet of Things? With the intervention of technology in a digital world, Internet of Things (IoT) is a rapidly growing computing concept that connects any physical object to the internet and enables them to identify themselves to other devices. From a patient with a pacemaker to an inbuilt automobile sensor or a farmhouse animal having biochip transponder, anything can be termed under IoT, because these have an assigned IP address and have the ability to transfer data. Poised to achieve a milestone, several industries today are leveraging IoT to improve efficiency, improve decision-making quality, a better understanding of customer for enhanced delivery and lastly increase the business value. Merging of wireless technology, micro service, and micro electromechanical systems (MEMS) has led to the evolution of IoT over the years. This convergence helps to reduce the silos amid Information Technology (IT) and Operational Technology (OT). Furthermore, it enables the ana...