IoT and its Potential for Transforming Industries

Abstract

The Internet of Things (IoT) includes connected devices that communicate over the Internet. This technology has the potential to change industries by increasing productivity, reducing costs and improving efficiency. In manufacturing, IoT devices improve machine maintenance, supply chain management and inventory management. Healthcare uses IoT for drug tracking and patient tracking. Transportation can benefit from improved visibility and streamlining of operations. In the energy sector, IoT optimizes use and reduces waste. New IoT applications can be used in a variety of industries to increase productivity, efficiency and effectiveness.