What is IoT?

In brief, the term can be explained as follows: The Internet of Things (IoT) is a system of geographically distributed but interconnected devices, mechanical and digital machines, objects or people, which are uniquely identifiable and have the ability to exchange data about themselves and their immediate environment within a network without the need for direct human-to-human or human-to-machine interaction.

The IoT offers companies across all industries numerous opportunities for optimization. In the field of mobile machines, for example, these include remote diagnosis and teleservice, which lead to an increase in availability and verifiable cost savings for the manufacturer and operator. The quality of the products can be improved during the development phase by using dynamic historical data. Through intelligent evaluation, trends can be identified and forecasts can be made in order to implement predictive maintenance.