IoT devices are more prevalent than you may realize. It’s any device that can be connected to the internet. The proliferation of inexpensive computer chips and wireless networks now makes it possible to turn almost any object into a connected device, from pills, parking meters, toasters, and medical devices to fitness trackers, watches, and airplanes.
One of the most significant areas of IoT usage will be the utility industry as it continues to roll out new smart meters to track customers’ energy usage. Another sharply increasing concept is security devices, such as intruder detection systems and connected cameras that help consumers keep their homes secure. Other rapidly growing areas are building automation, such as connected lights, automated or connected cars and healthcare devices that monitor patient illnesses.
The IoT has also spawned industrial IoT (IIoT), which sees the technology deployed in logistical, maintenance, manufacturing, supply chain settings, and more. These industries now use machine-to-machine communication for wireless automation, and utilize the cloud, machine learning, and analytics techniques to drive new business models. Also referred to as Industry 4.0, the IIoT includes everyday use cases like predictive maintenance, smart cities, smart power grids, and smart manufacturing.