Internet of Things (IoT)

The term Internet of Things is generally used to describe the networking of everyday objects or machines in an industrial environment via the Internet. Devices are equipped with electronic components (e.g. sensors and actuators) so that they can transmit data generated by sensors to the network, but also receive commands from the network.

For this purpose, each device is assigned a unique address. This gives the smart devices the ability to communicate via the internet and execute tasks fully automatically. The intelligent devices are also called smart devices or smart products. Building on smart products, data-driven, digital service offerings (smart services) are created. The number of networked devices has increased rapidly in recent years. On average, companies consider the future relevance (2 to 3 years) of IoT to be high to very high. According to Gartner, the ability of companies to derive insights from the immense amounts of data will determine their success in the long term.