loT Deciphered

This technology can be used in the insurance industry to improve risk assessment, claims processing, and preventive measures. For example, loT devices such as smart home systems and wearable technology can gather data on a person's behavior and environment, which can be used to assess their risk of accidents or illnesses.

- Prof Pratik Priyadarshi

What is IoT?
The Internet of Things (IoT) refers to the growing network of physical devices, appliances, vehicles, and other objects embedded with electronics, software, sensors, and connectivity which enables these objects to connect and exchange data. These connected devices can be remotely monitored and controlled through the internet, allowing for increased efficiency and automation in a variety of industries, such as manufacturing, transportation, and healthcare.

What is the relevance of IoT in our lives?
IoT has the potential to greatly impact and improve many aspects of our lives, including:

• Smart homes: IoT-enabled devices such as thermostats, lighting, and security systems can be controlled remotely and automatically, making it easier to manage and maintain a comfortable and secure living environment.
• Smart cities: IoT can help cities to become more efficient and livable by collecting and analyzing data on traffic, air and noise pollution, and other environmental factors.
• Healthcare: IoT devices can help individuals to better manage their health by tracking vital signs and providing reminders for taking medication. Wearable device can also help in Remote Monitoring, allowing doctors to track patient health remotely.
• Industry 4.0: IoT can help industries to improve efficiency and productivity by collecting and analyzing data on everything from machinery and equipment to inventory and supply chain logistics.
• Transportation: IoT can be used to improve traffic flow, optimize delivery routes, and reduce fuel consumption.
• Agriculture: