Everything You Need to Know About the Internet of Things (IoT)

Fintelics
5 min readOct 14, 2021

Everything You Need to Know About the Internet of Things (IoT)

The Internet of Things (IoT) has rapidly transformed and revolutionized every aspect of our lives over the last few years, starting with the evolution of distributed network technologies. A study published by global management consulting firm McKinsey & Company suggested that the number of networking devices will reach more than 50 billion globally, marking a 400 percent increase since 2010. Over the last two decades, the expansion of distributed networks has created a lot of new prospects for organizations, governments, researchers, and developers to explore the technology.

That being said, let’s take an in-depth look at IoT and why it has become so popular in recent years.

Put simply, the Internet of Things (IoT) is a system of interconnected mobile or physical devices that interact with the help of the internet. These devices gather and share data with other systems, devices, and applications. Moreover, they communicate with us and the other things they’re connected to.

From smart cars to IoT sensors, wearables to devices that generate sensory, biotelemetry, and a range of other data types, IoT is present in all aspects of our lives. As mentioned above, IoT…

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Fintelics

Software consulting company that focuses on emerging technology such as AI, Blockchain, Cloud Computing, and Data Engineering, MERN Stack, and Fintech