Business Chief US+CAN Magazine February 2016 | Page 8

TECHNOLOGY
AS A BUSINESSPERSON in this modern world , you fully understand that staying connected has never been more important . Information travels fast , and missing out on critical updates can cost a company immensely . As people we all have our limitations , but computers never sleep — and so the Internet of Things is growing as a way to make sure that information continues to travel at lightning pace even when we ’ re away .
The Internet of Things ( IoT ) refers to networks of computers , from equipment to peripherals , communicating directly among themselves by transmitting and compiling data for operators and business owners to access . Applications for IoT are growing rapidly in the business world , and new uses are being found all the time .
Where does the future of IoT lie as we enter a new year ?
Smarter Homes , Smarter Cities
It only makes sense that a wellconnected person would live in an equally connected home , and Smart homes are quickly becoming a hallmark of IoT connectivity . In a recent survey , IoT Analytics noted that smart homes are far and away the most popular IoT application right now — thousands are investing in smart thermometer systems like Nest to keep their homes comfortable , and smart Bluetooth door locks that allow users to remotely ensure that their homes are safe .
8 February 2016