KARL PANZER UEI COLLEGE BUSINESS OFFICE ADMINISTRATION BUSINESS BASICS TASK 3 THE IOT MOD 130 FRANK EZENEKWE MBA,
THE CONCEPTS • The internet of things, or IoT, is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers ( UIDs ) and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction. • Increasingly, organizations in a variety of industries are using IoT to operate more efficiently, better understand customers to deliver enhanced customer service, improve decision-making and increase the value of the business.
SUMMARY My understanding of The Internet Of Things is that everything is dependent and based on Modern Technology and People as well. It’s a Formula for success in the Business world, and its very educational at the same time. All Businesses or companies use this form of communication and Business Logistics. Pretty much we rely heavily on for everything and anything, now days to be able to operate a business, also it’s a form communication from one company to another and one business to another. But in the vast quick expanding universe of Modern Technology we use it as a regular way of life. Because technology consistently changing and Evolving day by day it seems, the world of technology is used for a vast range of different Economic methods. AI which stands for artificial intelligence has come so far as we see this happening everyday. Soon it wouldn’t surprise me if Technology soon becomes our backbone for everyday life, if it’s not already starting to happen as we know it. The vivid dimension of Modern Technology is vast becoming more and more highly complex.
EXAMPLES OF IOT
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