The Internet of Things speeds up business

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Internet of Things (IoT)

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Article: The Internet of Things speeds up business

The Internet of Things (IoT) is one of the driving forces of digitalisation. It makes machines smarter and processes more productive. It changes the way we work and allows you to create completely new business models.

The Internet of Things is seen today as a key factor for economic success and competitiveness. The transport and logistics sector in particular has reported the largest growth regarding the use of networked technologies.

The market is evolving rapidly, with IoT delivering immediate positive results – not just through increased efficiency, but also through risk control, cost savings, revenue growth and new revenue streams.  

IoT transfers the logic of today's internet for computers to all objects able to communicate. It is a network of "smart objects" that automatically exchange information with each other. Smart objects can be objects such as devices, sensors or other items that have been equipped with IP communication technology.

IoT extends the established, direct communication between two machines (M2M/machine-to-machine) to any number of participants. You can use this to identify any object via its own internet address and target it specifically via the network. Around 8 billion objects are already communicating with each other; by 2020 there will be more than 20 billion.

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