Internet of Things (IoT)- The lifeline for a data-driven world
The Internet of Things (IoT) is a network of physically connected things that are accessible via the internet. The term 'thing' in IoT refers to objects that have been assigned an IP address and are capable of collecting and transmitting data over a network without manual assistance or intervention, such as a person wearing a heart monitor or an automobile equipped with built-in sensors, i.e. objects that have been assigned an IP address and are capable of collecting and transmitting data over a network without manual assistance or intervention. Embedded technology enables items to interact with internal states or the external environment, which has an effect on the decisions made.
"If we had computers that knew all there was to know about things – utilising data they obtained without our assistance – we would be able to track and measure everything, significantly reducing waste, loss, and cost," Ashton stated in a 1999 paper published in the RFID Journal. We would know when items needed to be replaced, repaired, or recalled, as well as if they were still in good condition or had passed their expiration date. We need to arm computers with their own data collection mechanisms so they may see, hear, and smell the world in all its random splendour." This is precisely what the Internet of Things platforms accomplish for us. It enables devices/objects to observe, identify, and comprehend a situation or environment without requiring human assistance.