So, what problems does the Internet of Things solve?

In the last article, I provided a very short explanation on the Internet of Things. So, what problems does IoT solve? Some of the areas where the IoT is making progress are

1. Healthcare – Patient monitoring and home care systems

2. Smart grids – Utilities in general but more specifically efficient energy consumption

3. Industrial Internet – Efficient maintenance and energy conservation

4. Transportation – Smart logistics

5. Consumer wearables – Fitness, consumer engagement etc

There are many verticals where companies are beginning to experiment with IoT related technologies and I will be writing about what specific problem IoT is solving and how it is providing value and monetization opportunities.

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