Welcome to Part I of a multi part blog series on the Internet of Things (IoT)!
As a basic theory, the IoT is the concept that many everyday items will be integrated with network connectivity and will be able to speak with one another to exchange data. This is known as Machine to Machine (M2M) communication. The IoT extends to many items you may not have considered, beyond just computers and smart phones. In today’s market, household appliances like washers, dryers, toasters and refrigerators are all capable of M2M communications. There are hundreds of new startups that are focusing on taking traditionally “dumb” technologies and making them “smart” by integrating them into the rapidly growing IoT.
So, why is the IoT important? In a word, efficiency. At its core, the goal of the IoT is to produce efficiencies that will aid individuals, businesses and eventually entire communities. These efficiencies will be created by the sharing of data across a network of smart devices which learn from the user’s tendencies and habits. In the home environment, the IoT can function to improve your morning routine by triggering a coffee maker to brew when an alarm clock goes off. This is one example of how the IoT will be able to save some time and make life a bit simpler. However, the real value of the IoT is in the efficiencies that arise in the business environment. Everyone has heard the saying “Time is money.” The average employee spends a sizable amount of time out of each work day completing tasks that do not add to the bottom line of the organization. According to a recent study, employees using wearable tech and engaging with smart objects are 8.5% more productive throughout the workday and 3.5% happier!
In the coming weeks, check back for articles explaining how the IoT is revolutionizing the Telecommunications industry and how MTCI can help your business become more efficient by integrating smart technologies.