Internet of Things (IoT) | STAND 8 | Stand8

Glossary
INTERNET OF THINGS (IoT)
Internet of Things (IoT)
What is the Internet of Things (IoT)?

The Internet of Things (IoT) describes the network of physical objects, devices, accessories, appliances, or almost any "thing" with embedded technology that can connect and exchange information over the internet. With access to lower-cost technology, better internet connectivity, cloud technologies, and data analytics the number of Internet of Things devices is expected to grow from about 10 billion in 2020 to about 30 billion by 2030.

Benefits of the Internet of Things (IoT)

The Internet of Things is interwoven into our everyday lives, so it is also interwoven into our businesses. At its most basic, it is how we send and receive data. So, what data do you have or need, and what do you want to do with it? By analyzing it through things such as data analytics, predictive analytics, data visualization, and more, you can locate mistakes to avoid and find possible solutions and opportunities. Utilizing the Internet of Things is vital to the survival and growth of your company.

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