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With the new exciting technology of IoT, connecting the physical world to the Internet, it brings the value is in closing the gap between the physical and digital world in self-reinforcing and self-improving systems.
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IoT creates these systems by connecting things, animate or inanimate, to the Internet with unique identifiers that provide context, giving visibility into the network, the devices themselves, and their environment.
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Equipped with rich data sets and using advanced analytics, IoT can give us enormous insight into our world such as reducing energy consumption in buildings by controlling lighting on floors where no one is present or creating self-driving vehicles that process environmental information to make split-second decisions to stop and avoid accidents.
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The collective knowledge about the physical world, gained through IoT, becomes the input for more efficiency, new business models, lower pollution, and better health.
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