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IT Glossary - IoT

IoT

It is important to note that the term IoT, or Internet of Things, is not necessarily something you can buy. This acronym refers to all of the things that are connected, primarily via the internet, with the goal of collecting data and taking action with that data. For example, Alexa or even your smart fridge could be included. Using barcodes and scanning technology, the refrigerator can become “aware” that a particular product is running low. It can send a message to the homeowner to add the product to the grocery list. What makes the Internet of Things so powerful is the data that is passed between endpoints. Data is collected and then acted upon. The intent is all about amassing data and using it to create greater value and purpose.