We have seen businesses transform into software houses to withstand competition. To continue surviving into the near future they'll also have to embrace IoT, as the industry responds to the ever-increasing presence of connected devices.
In this quest of automating everything, smart and embedded devices
will play an increasingly significant role in collecting data at its
source, data that they then transmit to remote monitoring centers for
further analysis and real-time automated decision making. A prime
examples of this is monitoring the state of a wind turbine and
automatically shutting it down to avoid overheating.
Therefore in essence IoT provides an ecosystem that consists of the
hardware and the software
running on the device, as well as a remote
management center, typically cloud based, that hosts the facilities
necessary for deriving the crucial insights from the raw data received
in order to use them as the basis of all further decision making.
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