IoT and the Impact of IoT on the Electronics Market

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IoT (Internet of Things) is a concept or a technology of connecting all the devices to the internet and let them communicate with each other all over the world. So, these devices can be anything like as, TV, Mobile phone, Smartwatch etc. which is connected to the internet and considered as a device for Internet of Things.

Why IoT?

The Internet of Things or IoT is influencing our way of life. By using smartphones anyone can control air conditioners, smart cars can provide the shortest route and smartwatch can tracking the daily activities.

It is a big or giant network with connected devices to gather and share data about how they are used and the environment in which they are operated. The IoT can be applied in several areas such as smart cities, education, smart homes, health, agriculture, wearable, and industrial automation. The sensor is another important feature that embedded in every physical device. It can be used in electrical appliances, vehicles, barcode sensors, traffic lights and almost everything that can across in day-to-day life. These sensors continuously emit data about the working state of the devices.

How to share this huge amount of data and put this data to benefit to all?

IoT provides a common platform for all these devices to dump their data and a common language for all the devices to communicate with each other. Data is emitted from various sensors and sent to IoT platform security. IoT platform integrates the collected data from various sources, further analytics is performed on the data and valuable information is extracted as per requirement. Then finally, the result is shared with other devices for better user experience to improving efficiencies.

The conventional marketing is much expensive and takes a lot of time to promote products. The improvement in technology that comprises the internet media and other digital media has led to the emergence of a new marketing concept. E-marketing (also known as internet marketing or online marketing) refers to any marketing activities which are presented and serviced online via internet technologies. It includes not only advertising that is shown on websites, but also other types of online activities such as email, social networking and so on. But, when the new technology is introduced, security is always a top concern.

Internet of Things (IoT) on Business

In today’s era of booming technology, the future of the IoT industry is huge. Business insider intelligence estimates that 38 billion IoT devices will be installed by 2020. IoT is rapidly becoming an integral part of our lives. The number of devices is raising and huge IoT projects are in effect across the globe. Although the Internet of Things seems to be happening around the world, it’s important to understand that IoT is a strong tool that can help move society forward. Read more “Urban Development of Smart Cities in future.”

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