The Internet of Things (IoT) is a bit different from the Internet itself. In simple terms, it's a way for devices, apps or data to "talk" to each other through the Internet. Most likely, you are wearing a watch or have a phone that "talks" to other devices regularly.
It consists of a device that is connected to the Internet and can communicate and share data. Objects that can use IoT data include smart home devices, smartphones, smart watches, smart home appliances and cars. All of these have sensors, processors and network connectivity which allows them to collect and share data.
Here are a few examples of how IoT can be applied in everyday life:
IoT is a network of interconnected objects that communicate and share data through the Internet. IoT aims to make our lives more convenient, efficient and connected by enabling objects to collect and exchange information.
Companies can benefit by leveraging IoT with data collection, workflows, triggers and automation to streamline processes for a quick turnaround time to process paperwork, gain visibility to true inventory levels and sales and increase efficiency, which helps lower employee hours and increase production rates.
At EOX Vantage, we help clients identify their needs and assess their current processes. After being assessed, we can take processes that typically take hours or days to be completed in minutes. To do so, we leverage the company's IoT (whether they know it or not) to create a network of processes for information to be seamlessly exchanged and tasks to be completed.