So, What Exactly Is The Internet Of Things (IoT)?

The Network Of Connected Devices — One Of The Most Important Innovations In The 21st Century

Farhad Malik
FinTechExplained

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Our life is greatly impacted by the Internet Of Things (IoT). IoT is potentially one of the most important technologies of the 21st century.

Everyday devices from light-switch to toothbrushes to power grids to car parks can communicate with each other. These devices have access to a network that allows them to exchange information with each other and with systems over the internet.

This article aims to describe the “Internet Of Things (IoT)” term.

IoT devices help us from the way we shop to the way we travel

The IoT has been made possible due to the low-cost smaller sized computer chips, sensors, advancements in code, hardware, data storage and the availability of high bandwidth network connection.

What Is The Internet of Things (IoT)?

  • The term IoT describes a network of devices. Think of it as an enormous network of devices that are continuously communicating and exchanging data with each other.
  • These devices are embedded…

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Farhad Malik
FinTechExplained

My personal blog, aiming to explain complex mathematical, financial and technological concepts in simple terms. Contact: FarhadMalik84@googlemail.com