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.

One thought on “So, what problems does the Internet of Things solve?

Leave a Reply

Your email address will not be published. Required fields are marked *