IoT technology refers to virtually connected objects that communicate with one another through technology. The 3 basic components required are, internet connectivity and sensors and processors that provide the computing power.
With sensors from the physical device, information from the environment can be extracted and passed to a computer system. The data travels through a network. The computer system can make accurate forecasts and provide insight with analytics After combined with AI.
The Internet of things integrates your machinery and equipment with your computer system, it gives you great visibility into your operations. Here are some ways it can help