Internet of Things (IoT)
The Internet of Things (IoT) is now an integral part of our everyday lives. IoT: definition, basics, benefits - everything you need to know about this topic
Internet of Things - ready for the digital future
In the Internet of Things (IoT), objects are equipped with their own identity and the ability to communicate. Just like AI and clouds, the IoT is one of the key technologies for the digital future. This allows applications to be automated and tasks to be completed without external access.
However, projects with the Internet of Things can only work properly if there is a modern monetization platform in the background that can cope with the complex requirements of future technology.
What is the Internet of Things?
The Internet of Things (IoT) is an integral part of our everyday lives. Its origins date back to the 1970s, when the first ATMs were installed.
There is no universally valid definition for IoT. The term "Internet of Things" is generally used to describe the linking of physical and virtual objects. Devices are given a unique identity (address) in the network and equipped with electronic intelligence. This allows them to communicate via the Internet and perform tasks automatically. But not only devices can communicate with each other. People can also operate applications and devices via the Internet of Things. This results in a wide range of applications in the private sector as well as in business and industry.
It is clear that many companies are now prepared to use innovative IT technologies such as the Internet of Things. However, this is only possible if automated monetization processes are in place and pay-per-use, subscription and XaaS models are used. This is the only way for companies to cope with the large volume of data required for IoT applications.
IoT: practical examples of the networking of objects
The IoT is almost everywhere. Think about which devices in your household or company are connected to each other. Do you have a fitness tracker and regularly check your pulse, step count and calories burned on your smartphone? Can you close the garage door with an app after you have left the house? Such applications are based on the Internet of Things. Some other Internet-of-Things examples are:
Smartwatches and other wearable devices
Refrigerators with sensors that automatically reorder fresh food
Surveillance systems, security cameras, and baby monitors
Home energy management via app
Remote machine maintenance
The IoT is particularly popular among private consumers in the “smart home” sector. The ability to easily control lighting, energy usage, and other systems is highly valued and is being expanded to cover more and more areas.
IoT solutions are also used in the automotive industry, healthcare and supply chains. It is just as possible to monitor the temperature during the transport of medications as it is for vehicles to communicate independently with auto repair shops.
Singhammer is also familiar with the technology. Johannes-Peter Engel reports that Singhammer's in-house IT industry solution ensures that billing for subscription services can be individually tailored to the volume and fully automated. This saves human resources at this point.
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