{"id":8376,"date":"2023-06-07T11:50:46","date_gmt":"2023-06-07T04:50:46","guid":{"rendered":"https:\/\/www.sitearoundfm.com\/?p=8376"},"modified":"2023-08-21T08:55:08","modified_gmt":"2023-08-21T01:55:08","slug":"what-is-iot-everything-you-should-know","status":"publish","type":"post","link":"https:\/\/www.sitearoundfm.com\/en\/what-is-iot-everything-you-should-know\/","title":{"rendered":"What is IoT? Everything You Should Know"},"content":{"rendered":"<p>IoT, or the internet of things, refers to the network of physical objects that&nbsp;communicate with one another wirelessly. This usually happens through the internet, but can be done over Bluetooth as well.&nbsp;The purpose of these objects is to transmit data and be controlled remotely.&nbsp;IoT devices&nbsp;have sensors and software installed to facilitate the flow of data and remote control.&nbsp;With potential for wide application,&nbsp;from usage at homes to industrial settings, IoT improves efficiency and quality of life.&nbsp;<\/p>\n\n\n\n<p>IoT comes\u00a0with a broad range of products; one common example would be smart homes. Through one\u2019s smartphone,\u00a0it can easily be known whether the AC or lights are turned on or off, and can be adjusted remotely.\u00a0Another example would be\u00a0in industrial environments such as smart farming.\u00a0IoT devices on farms can inform management of a wide variety of metrics including weather, soil composition, and\u00a0activity of livestock.<\/p>\n\n\n\n<p>By automating numerous forms of data collection, IoT has proven to be useful in saving\u00a0time and costs\u00a0not having to manually record data as well as\u00a0improving decision-making to minimize business interruptions.\u00a0One field where\u00a0adopting this technology has seen success is in construction.\u00a0According to\u00a0<a href=\"https:\/\/www.mckinsey.com\/~\/media\/McKinsey\/Industries\/Technology%20Media%20and%20Telecommunications\/High%20Tech\/Our%20Insights\/The%20Internet%20of%20Things%20The%20value%20of%20digitizing%20the%20physical%20world\/The-Internet-of-things-Mapping-the-value-beyond-the-hype.pdf\">one study by the McKinsey Global Institute<\/a>, companies that adopt IoT for worksites could save over $160 billion per year globally\u00a0and that number is expected to rise to $930 billion per year by 2025.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"706\" height=\"400\" src=\"https:\/\/www.sitearoundfm.com\/wp-content\/uploads\/2023\/06\/iot-005-706x400-1.jpg\" alt=\"\" class=\"wp-image-8377\"\/><\/figure>\n\n\n\n<p>An issue with data collected from sensors is how to manage\u00a0large quantities of it effectively. The same\u00a0aforementioned\u00a0McKinsey study\u00a0also\u00a0gives an example of how oil rigs have about 30,000 sensors, but only 1% of the data is used, usually for anomaly detection rather than prediction or optimization which\u00a0have great value and potential.\u00a0<a href=\"https:\/\/www.sitearound.com\/construction-iot\/\">Sitearound<\/a>\u00a0provides one such\u00a0platform. Its\u00a0cloud-based\u00a0construction management and IoT-supported software\u00a0allows for external devices to seamlessly\u00a0transmit data to it\u00a0from anywhere in the world.\u00a0The most relevant data is then automatically displayed on a neat interface allowing users to easily stay informed and\u00a0make decisions accordingly.<\/p>\n\n\n\n<p>While also being able to connect with various external sensors to receive data for better management,\u00a0Sitearound\u00a0is\u00a0also closely\u00a0compatible with its partner platform\u00a0<a href=\"https:\/\/www.sentenance.com\/\"><a href=\"https:\/\/www.sitearound.com\/construction-iot\/\">Sitearound<\/a>\u00a0<\/a>.\u00a0<a href=\"https:\/\/www.sitearound.com\/construction-iot\/\">Sitearound<\/a>\u00a0provides more than 200 types of sensors\u00a0to businesses from\u00a0power metering for manufacturing to\u00a0water\u00a0leak monitoring\u00a0for\u00a0department stores and hotels, and many more.\u00a0This makes\u00a0Sitearound\u00a0the only platform provider to offer both software and hardware solutions in the fields of construction management and facility management.\u00a0<\/p>\n\n\n\n<p>IoT\u2019s presence is expanding and its economic value in improving business processes for more efficiency and\u00a0better cost-saving is understated. Businesses that adopt IoT have\u00a0the\u00a0advantage\u00a0of making business decisions\u00a0backed by data. Being able to\u00a0view data on a neat interface also allows teams to respond quickly to changes to prevent delay and stick to budgets.\u00a0IoT, and technology more broadly, are constantly transforming every industry.\u00a0Solution providers like Sitearound\u00a0can help in this regard as well as many others.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p>IoT, or the internet of things, refers to the network of physical objects that&nbsp;communicate with one another wirelessly. This usually happens through the internet, but can be done over Bluetooth as well.&nbsp;The purpose of these objects is to transmit data and be controlled remotely.&nbsp;IoT devices&nbsp;have sensors and software installed to facilitate the flow of data [&#8230;]\n","protected":false},"author":34,"featured_media":8378,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[138],"tags":[],"class_list":["post-8376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-and-insights"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is IoT? 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