Understanding Internet of Things (IoT)?

Understanding Internet of Things (IoT)?

The Internet of Things is not a novel technology, but has been gaining more awareness and is becoming a growing topic of conversation lately. The concept of the Internet of Things necessitates the use of electronic devices that capture or observe data and are connected to a private or public cloud, enabling them to automatically trigger certain events. It’s an idea that not only has the caliber to impact how we live but also how we work. Broadband Internet has become more easily accessible, the cost of connection is diminishing, new devices are being produced with Wi-Fi functionalities and sensors incorporated into them, and smart phone penetration is escalating.

IoT describes a world where just about anything and everything can be linked and communicated in a smart manner. In other words, with the advent of Internet of Things, the world is becoming one big information system. The analysts at BIS Research have estimated that the healthcare IoT security market is projected to witness a growth rate of 39.44% from 2016-2022. This giant network of connected things, called IoT will be a relationship between people-people, people-things, and things-things.

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