What is IoT?

Very briefly, the term can be explained as follows: The Internet of Things (IoT) is a system of geographically distributed but interconnected devices, mechanical and digital machines, objects or people that are uniquely identifiable and have the ability to exchange data about themselves and their immediate environment within a network without the need for direct human-to-human or human-to-machine interaction.

Across industries, the IoT offers companies numerous optimisation opportunities. In the area of mobile machinery, for example, remote diagnosis and teleservice lead to an increase in availability and demonstrable cost savings for the manufacturer and the operator. The quality of the products can be improved during development by means of dynamic history data. Intelligent evaluation allows trends to be identified and forecasts to be made in order to implement predictive maintenance.