Technology

IoT

IoT connects physical objects—devices, sensors, and machines—to the internet, enabling real-time data collection and autonomous action.

The Internet of Things (IoT) is a vast network of embedded technology: physical ‘things’ equipped with sensors, software, and network connectivity to collect and exchange data. This capability drives high-value applications across consumer and industrial sectors (IIoT). For example, commercial asset tracking and fleet management represent a significant market segment, accounting for 22% of the total IoT market. We see this in smart-home devices like thermostats and in complex industrial systems: monitoring factory floor equipment, managing smart city traffic, and tracking inventory across global supply chains. Key protocols like Matter are standardizing connectivity, simplifying deployment and ensuring devices communicate securely and efficiently.