The Internet of Things (IoT) is changing the objects surrounding us significantly to enrich our lives. From household appliances to industrial machines, the IoT is bringing more 'things' into the digital fold every day. Collectively, this is likely to make the IoT a multi-trillion dollar industry in the near future. According to a global survey conducted by PwC, business leaders worldwide are investing in building their IoT capabilities significantly.
The IoT represents the convergence of advances in miniaturisation, wireless connectivity, increased data storage capacity, increased battery life, powerful solar cells and sensors. Sensors detect and measure changes in position, temperature, light, etc., and they are necessary to turn billions of objects into data-generating 'things' that can report on their status, and, in some cases, interact with their environment.
In Bangladesh, there are plenty of opportunities for IoT to be a differentiator for businesses and human lives. Companies can create maximum value for their businesses and customers by taking advantage of the human-machine collaboration supported by this technology. Agriculture, retail, manufacturing, healthcare and other industries stand to benefit through a connected ecosystem that enables human experts to use data and take insightful decisions.
More details: https://www.thedailystar.net/business/unleashing-the-power-iot-1497397
By: Arijit Chakraborti