CIMA E1 Syllabus B. Technology In A Digital World - Internet Of Things - Notes ^{10 / 12}

Internet of things

The internet of things can be described as: a network of smart devices have inbuilt software and connectivity to the internet allowing them to constantly monitor and exchange data without requiring any human interaction.

• For example smart watches and smart phones generate high volumes of data that can be collected by businesses to understand their customers and products better, this will enable the business to refine future products to better meet customer needs.

  It can also be used for preventative maintenance by enabling sensors to be embedded in operational devices and machinery, allowing for real-time performance monitoring and the early identification and resolution of issues