Why IoT is Important? Why Do We Need IoT?

Technologies have rapidly grown to make the world smarter in all way. As we talk about the IoT, it has the power to change the world. Imagine a world in which the devices in the home, workplace, and car can communicate. A world where the lights automatically turn on, coffee automatically brewing with the morning alarm goes off and the front door automatically unlocks when approached of the household member.

According to the research by 2025, IoT makes an economic impact US$11 trillion, or 11% of global economic value.

IoT application development has grown vastly and it has integrated into every size and shape of devices from chips to the gigantic machine. We can estimate that in the upcoming years it will grow 15 billion to 200 billion.

Why IoT is Important?

IoT is important in the business and home as well to make the work comfier. The next industrial revolution which is going to change the world that can never imagine before. Rapid changes in the IoT makes it a challenging task for the experts to predict the future in a standardization way. IoT has arrived with the highly believable promise of giving individuals a few more free hours by boosting the productivity and automating few tasks of businesses by making better use of data.

 Industries of IoT:

1. Hospitality

2. Agriculture

3. Logistics

4. Banks

5. Utilities

6. Food Services

7. Transportations

8. Connected home

9. Defense

10. Infrastructure

How do IoT works?

Sensor configures devices connected to the IoT platform. Which accumulate the data from all devices and applies analytics to provide the most valuable information which addresses to specific needs. Which are interrelated to the computing devices, mechanical machines objects that are provided a unique identifier and ability to transfer the data through the AI.

The need for IoT:

The need for IoT has increased day by day in daily lives. Rather than searching the library, users can access vast information from home computer. IoT makes our home, offices, and vehicles more measurable, smarter and chattier and enable to monitoring the patient’s health as well. The consumer is demanding that their devices must be well smarter – from fitness trackers to cars to home security.

Applications of IoT can be measured across all the vertical such as healthcare, asset tracking, manufacturing, street light etc. Looking ahead, as companies interested to invest more in IoT app development to make more benefits for the consumer, moreover, the benefits are endless with IoT.

Let’s wrap up: IoT is creating infinite possibilities for us to get more efficient and productive. Helping them leverage data and send to analysis and turning dumb devices into the intelligent machine. Business owners must take better decisions for increasing efficiency and for this they should need real-time analytics. IoT bases actionable business analytics is very useful for enterprises.

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