IoT means Internet of Things (IoT) and, according to the IoT Wiki, is also an omni-network. These are technologies of a global infrastructure of information societies for the collaboration of different objects via modern information and communication technologies. This supports people in their work, monitors production processes and optimizes business processes. For example, the Internet of Things warns of problems or failures in good time so that a response can be made before an entire production line comes to a standstill.

The IoT definition in English - written out Internet of Things - means Internet of Things. This is the term for the network of physical objects and things that use integrated technologies (sensors, software, etc.) to connect with other devices and systems via the data exchange network. According to the Internet of Things definition, IoT devices can also be household objects, vehicles or industrial tools.

IoT devices can be everyday objects such as smartphones, washing machines, refrigerators, vehicles, TVs or security systems. However, IoT devices can also be larger machines and systems such as airplanes, industrial machines, engines or entire oil platforms. IOT application areas use machine learning algorithms to analyze huge amounts of sensor data in the cloud. Warnings, failures, performance figures and other information can be detected in real time in IoT applications. With the help of IoT applications, automatic corrections and proactive countermeasures are possible. IOT application areas are therefore, for example

• Efficiency in production by monitoring systems and product quality
• Improved tracking and containment of physical assets
• Monitoring employee health, occupational safety and environmental conditions
• Increase efficiency and identify new opportunities in existing processes
• Enabling changes to business processes

If we look at Internet of Things examples, IoT works best where companies benefit from using sensors and IoT technologies in business processes:

• Production - competitive advantage through production monitoring, proactive maintenance and automatic quality inspection (reduction in operating costs, increased availability, improved performance management)
• Automotive industry - failure warnings in moving vehicles with detailed information and behavioral recommendations for the driver (more reliable cars, correct behavior in an emergency)
• Transport and logistics - weather conditions, vehicle availability, temperature regulation for transported goods or driver availability (logistics optimization)
• Retail - warehouse management, improve customer experience through targeted offers, ensure availability of goods in the rack (optimize supply chain, reduce operating costs)
• Public sector - information on mass outages or supply interruptions for water, electricity or wastewater (resolve outages faster)
• Healthcare - monitor locations of equipment and find them quickly (proper use, financial accounting of each department)
• Safety - improving occupational safety and advance warning in the event of accidents (rapid notification in accident situations)

Internet of Things simply explained is: IoT simply explained means a network of Internet-connected devices that transmit embedded sensor data to a cloud for central processing. According to IoT Switzerland, meaningful, usable insights can be gained from the data once it has been collected and analyzed. There are numerous methods for connecting IoT devices, such as Wi-Fi, Bluetooth, LTE and satellite connections.