The 7 searching IoT characteristics:
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- Connectivity. This doesn’t need too much further explanation. With everything going on in IoT devices and hardware, with sensors and other electronics and connected hardware and control systems there needs to be a connection between various levels.
- Things. Anything that can be tagged or connected as such as it’s designed to be connected. From sensors and household appliances to tagged livestock. Devices can contain sensors or sensing materials can be attached to devices and items.
- Intelligence. The aspect of intelligence as in the sensing capabilities in IoT devices and the intelligence gathered from big data analytics (also artificial intelligence).
- Action. The consequence of intelligence. This can be manual action, action based upon debates regarding phenomena (for instance in smart factorydecisions) and automation, often the most important piece.
- Ecosystem. The place of the Internet of Things from a perspective of other technologies, communities, goals and the picture in which the Internet of Things fits. The Internet of Everything dimension, the platform dimension and the need for solid partnerships.
- The internet of things offers several benefits to organizations. Some benefits are industry-specific, and some are applicable across multiple industries. Some of the common ben of IoT enable businesses to:
- Monitor their overall business processes;
- Improve the customer experience (CX);
- Save time and money;
- Enhance employee productivity;
- Integrate and adapt business models;
- Make better business decisions; and
- Generate more revenue.
- IoT motivates companies to rethink the ways they approach their businesses and give them the tools to improve their business strategies.