The Internet of Things, or IoT, refers to the internet-like connectivity between physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, and network connectivity that enables these objects to collect and exchange data using embedded sensors and other microelectronics. As the world gets more technological, our dependence on these objects grows larger as well. There’s a lot of talk about IoT and how it will change the way we live our lives, not just at home but also in business and industry. IoT has great potential to impact India’s development goals and growth prospects in the future. In order to fully realize the potential of IoT in India, the government has started focusing on building the right regulatory structure and addressing issues of privacy, security, and data ownership as well as sharing economic benefits with relevant stakeholders.

The past few years have seen profound transformation in the technology space. Newer and emerging technologies are slowly yet steadily becoming an integral part of our lives. Internet of Things (IoT) is one of the most talked about topic of conversation at educational institutions as well as workplaces. It is believed to be a game changer that will completely transform the world as we’ve known it. While a lot is already being said and written about how this technology is the future, let’s understand what is Internet of Things and how it impacts each one of us.

Internet of Things(IoT)revolves around increased machine-to-machine communication. It’s built on cloud computing and networks of data gathering sensors. It’s mobile, virtual, and instantaneous connection, helps everything in our lives from street lights to sea ports becoming “smart”

Top five advantages of the IoT:

  1. Cost reduction
  2. Efficiency and productivity
  3. Business opportunities
  4. Customer experience
  5. Mobility and agility

There are infinite future opportunities in IoT, along with many challenges too. In any case, IoT continues to boom across the globe in every possible sector, and so businesses must be in touch with the evolving trends in it.