The Internet of Things and the Transformational Power of Data

The Internet of Things is transforming how we live, work, and play. Beyond the familiar ‘smart’ devices in our homes, such as thermostats and fitness trackers, the Internet of Things (IoT) has applications in a wide-ranging realm. There are devices that can find our lost phones and luggage, monitor our heart rates and blood pressure, tell us when our cars need maintenance, help manage traffic when we drive, and help make our manufacturing sector and our cities more efficient. The web of connected devices that comprise the Internet of Things promises to bring convenience, efficiency, cost savings, peace of mind, improving our lives in any number of ways.

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From Insurance to Loan Collateral, Financial Services Sees the Potential of IoT

By now, most of us are likely familiar with the Internet of Things (IoT), that network of “smart” devices, embedded with sensors and network connectivity that enables these objects to collect and exchange data. Our Fitbit is an IoT device, as is our Nest home thermostat. And Amazon Prime users have their “Dash” buttons. Phillips makes a smart toothbrush, and there’s even a Bluetooth-enabled thermometer on the market, for those so inclined.

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Home Security Leads the Way to a More Connected, IoT World

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Trends Internet of Things IoT

The Internet of Things (IoT) has gotten a lot of buzz lately, for good reason. It’s expected that by 2020, there will be somewhere between 50 and 200 billion IoT-connected devices worldwide, driving $1.7 trillion in spending. But some experts think that the hype is actually understating the full potential. They also note that capturing this potential may be the biggest challenge: businesses will need to understand where the real value of IoT lies and how to take advantage of the monetization opportunities.

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How the Internet of Things Uses Data-Based Insights to Create a Better World

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Subscriptions Trends Internet of Things IoT

Fitbit fitness tracker. Nest home thermostat. Philips Sonicare toothbrush. LIFX light bulbs. Caterpillar tractors. The Port of Hamburg. What do all these have in common? They’re all part of the Internet of Things, or IoT, where “smart” devices collect and transmit data, which can then be used by either the manufacturer or the consumer to make changes or improvements to the device or to how it’s used.

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