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The Internet of Things (IoT) touches almost every aspect of our lives, and its application is rapidly gaining momentum in many areas of human activity.

In a broad sense, IoT is a set of devices that can collect and transmit data over a wireless network. Different objects are equipped with sensors. For example, they can monitor temperature, humidity, the speed of various objects, blood pressure and a person's heartbeat. Artificial intelligence collects and analyses large amounts of data to make decisions quickly and efficiently. It can optimise processes in real time, improve the security of systems, make all the necessary system adjustments on its own, and much more.

The Internet of Things in life and business

The basic idea behind the Internet of Things is that devices will interact with each other on their own, with minimal human intervention. For example, you might want a cup of coffee when you get home from work. The sat nav in your car recognises that you have 5 minutes to get home and transmits this information wirelessly to your smart coffee maker. It brews coffee using your favourite recipe. None of this required you to do anything. You just set it up and it works for you.

At the beginning of 2023, there will be around 13 billion connected IoT devices in the world, which means that the number of devices on the internet has already exceeded the number of people on the planet. And the gap between the two is set to grow rapidly. It is predicted that the number of IoT devices will grow to 29 billion by 2030.

IoT is being actively implemented in many areas, from city management (e.g. to control electricity consumption) to industrial production and agriculture.
The structure of the Internet of Things is as follows:
1. Hardware layer: sensors that collect and transmit information. These sensors can measure temperature, humidity, light, motion and other parameters, depending on the purpose of the device.
2. The software infrastructure that enables smart devices to function and transmit data to the cloud and to each other. IoT devices use a variety of data transmission methods, including Wi-Fi, Bluetooth, cellular and low power wide area network (LPWAN) protocols.
3. After collecting data, IoT devices can analyse the information and make decisions in real time. Some devices can perform calculations locally, while more complex tasks can be sent to remote servers for processing.
4. IoT devices can be integrated into unified systems to automate processes and improve management efficiency. For example, a smart home can automatically adjust temperature, lighting and security based on the preferences and habits of its occupants.
5. Cybersecurity. Protecting data and processes in the IoT.
Industrial Internet of Things
IoT is increasingly being used in manufacturing. For example, it allows companies to monitor indicators remotely. Sensors regularly transmit information from the equipment to operators and signal when values are out of range. The sensors also collect information continuously. The data is sent to the IoT platform. The platform organises, stores and visualises the data for users via a web interface.

The Internet of Things with various sensors and analysis software can determine how equipment is performing, when there is downtime, which shift is best for manufacturing products, and so on. Data analysis helps to optimise the use of resources and improve the efficiency of business processes.

IoT solutions can even predict potential equipment malfunctions before they affect production. This proactive approach has its own benefits - extending the life of equipment, optimising the production process and improving working conditions.

More and more industrial companies are showing an interest in IoT technologies and how they can be applied to their own business processes. Analysts predict that industry will be one of the growth drivers of this market. In particular, according to the forecast of the international consulting company McKinsey & Company, in the near future the main area of application of IoT solutions will be industry, including agriculture - 26% of the market.

Next are:
- Smart cities - 15%.
- Healthcare - 13%.
- Construction and resource extraction - 12
- Retail - 10%
- Smart homes and smart public transport - 7% each
- Personal vehicles - 6% each
- Office activities - 4%.

IoT by BizUpLab
To accelerate business processes and collect critical operational data, companies around the world are adopting the Internet of Things. BizUpLab works with software embedded in IoT devices with sensors, touchscreens and other input methods capable of capturing real-time data. If you would like more information about implementing the Internet of Things and how we can work together, please contact us using the details on our website.
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