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Internet of Things
Internet of Things (IoT), the vast array of physical objects equipped with sensors
and software that enable them to interact with little human intervention by collecting
and exchanging data via a network. The Internet of Things (IoT) includes the many
“smart,” computer-like devices so commonplace today, which can connect with
the Internet or interact via wireless networks; these “things” include phones,
appliances, lighting systems, irrigation systems, security cameras, vehicles, even
animals and cities. Today, smart watches track exercise and steps, smart speakers
add items to shopping lists and switch lights on and off, and transponders1 allow cars
to pass through tollbooths and pay the fee electronically.
The IoT simplifies and automates tasks that are complicated and sometimes beyond
the scope of human capabilities. The number of connected devices making up the IoT
today ranks in the billions.
Two basic types of connected devices exist: digital-first and physical-first. The former
consists of machines and devices specifically designed with built-in connectivity, such
as smartphones, streaming media players, mobile payment terminals,3
agricultural combines,4 and jet engines. Digital-first devices generate data and
communicate with other machines through machine-to-machine (M2M)
communications. Physical-first devices, on the other hand, include a microchip or a
sensor with communication capabilities. For example, a key chain, a vehicle, or a
medical device in a hospital may contain a chip—added after it was manufactured—
that makes the object or product newly functional and traceable. Some observers
classify products according to a more detailed spectrum of interactivity,
consisting of not two categories but five, ranging from the pure digital (followed by
digital first, dual use, and physical first) to pure device (without any digital
capabilities).
1 a wireless communication, monitoring or control device that picks up and automatically responds to an incoming signal.
2 a short-range wireless connectivity technology that uses magnetic field induction to enable communication between
devices
3 Transform payments with your mobile device and allow easy acceptance in a secure environment at minimal cost.
4 Combine is a harvesting machine which is mechanised in such a way that it performs reaping, threshing and winnowing
Based on your reading of the text state the main benefits of IoT.
Adapted from:https://www.britannica.com/science/Internet-of-Things