The things in question can be virtually anything, e.g. coffee machines, power adapters, PCs, mobiles, watches, cars, traffic lights, wind turbines, base stations and even chips people have implanted into their body. The things are identifiable, have sensors and are often called IoT devices.
The sensors send out data via the internet. Once the data has been processed, the devices can receive information back. The data that is created by IoT devices can be used in isolation or in combination, and creates numerous new opportunities. Some example applications include:
1. The health sector can use the internet of things to increase its understanding of how the body and the mind work, as well as to monitor your health and to let you know when something has gone wrong.
2. Real estate companies can save electricity by adjusting the indoor temperature, and can be alerted that a pump or pipe is in need of maintenance work, for example.
3. Insurance companies can identify your driving style and price your insurance on the basis of how you drive.
4. Geologists can monitor and measure the movement of the unstable mountainside of the Mannen peak in Western Norway, and can provide a continuous tsunami monitoring service around the world.
5. Various industries can understand how people act and see connections in what impacts customer behaviour.
The internet of things is a particularly important driver for the enormous increase we are now seeing in data volumes. In order to use all the data created by today’s sensors, the internet of things is often combined with other technologies such as data streaming, digital twins, advanced data analytics, machine learning, edge computing and/or cloud services.