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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen1/17/2018 3:28:10 PM
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What is the Internet of Things? Everything you need to know about the IoT right now

The Internet of Things, or IoT, refers to billions of physical devices around the world that are now connected to the internet, collecting and sharing data. Thanks to cheap processors and wireless networks, it's possible to turn anything, from a pill to an aeroplane, into part of the IoT. This adds a level of digital intelligence to devices that would be otherwise dumb, enabling them to communicate without a human being involved, and merging the digital and physical worlds.

Pretty much any physical object can be transformed into an IoT device if it can be connected to the internet and controlled that way.

A lightbulb that can be switched on using a smartphone app is an IoT device, as is a motion sensor or a smart thermostat in your office or a connected streetlight. An IoT device could be as fluffy as a child's toy or as serious as a driverless truck, or as complicated as a jet engine that's now filled with thousands of sensors collecting and transmitting data. At an even bigger scale, smart cities projects are filling entire regions with sensors to help us understand and control the environment.

The term 'IoT' is mainly used for devices that wouldn't usually be generally expected to have an internet connection, that can communicate with the network independently of human action. For this reason, a PC isn't generally considered an IoT device and neither is a smartphone -- even though the latter is crammed with sensors. A smartwatch or a fitness band might be counted as an IoT device, however.

Read more.
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