In simple terms, the Internet of Things (IoT) is the process of turning everyday objects, devices, and machines into “smart” objects that are connected to the internet. Some of these items include cellphones, washing machines, lamps, wearable devices, thermostats, and so many more things. The possibilities are almost endless, and the tech world is continually coming up with new ways to use the IoT.
It’s estimated that there are currently 27 billion IoT connected devices globally, a number that is expected to increase to 125 billion by 2030.
The Internet of Things is often used in factory work and construction to streamline processes, reduce waste, increase safety, and ultimately save money and time. In the construction industry, the IoT is sometimes referred to as telematics.