Types of IoT
Network, communication, and connectivity systems depend on
the specific IoT application being deployed. Just as there are many different
IoT devices, there are many types of IoT applications depending on their use.
Here are some of the more common ones:
• IoT client – intended for everyday use. Examples: home
appliances, voice assistants and lighting.
• Business IoT – commonly used in the healthcare and travel
industries. Examples: smart pacemakers and monitoring systems.
• Military Matters (IoMT) - Commonly used for the application
of IoT technology in the military sector. Examples: surveillance robots and
attack-capable objects.
• Industrial Internet of Things (IIoT) - commonly used in
industrial applications, such as in manufacturing and the energy sector. Ex:
Digital control systems, smart agriculture and big data industries.
• IoT Infrastructure – It is widely used for connectivity in
smart cities. Example: equipment sensors and control systems.
Why is IoT important?
IoT has enabled the
physical world to meet the digital world in collaboration. It provides benefits
to organizations by allowing them to work and simplify their work. As IoT grows
exponentially year on year, businesses are taking advantage of the incredible
business benefits it can deliver. Here are some of the most important benefits
of IoT:
• Create new business models and revenue streams
• Improve business decisions and insights based on IoT data.
• To increase productivity and efficiency of business
operations
• To improve customer experience
Although global IoT spending has been affected by the
economic impact of the COVID-19 pandemic, IDC's analysis shows that it will
reach a CAGR of 11.3% over the forecast period 2020-2024.
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