IoT integrates sensory data, big data, networking, robotics, and artificial intelligence technology into an advanced automation and analytics system. IoT, when applied to any industry or system, can bring in greater transparency, control, and performance to deliver a complete product or service.
IoT systems span across industries using smart devices and enabling powerful technology to enhance data collection, analysis, achieve deeper automation, operations and integration through applications apt in any environment.
IoT benefits span across multiple business domains and even lifestyles providing benefits of improved customer engagement, technology optimization, reduced waste, enhanced data collection, and so on.
IoT-perceived challenges are as follows:
- Security: An ecosystem of constantly connected devices communicating over networks even with security measures is vulnerable
- Privacy: Substantial personal data is captured without the user's active participation
- Complexity...