One of the main goals of economy and finance is the maximization of profits, and the satisfaction of consumer needs with a limited amount of resources. The implementation of the Internet of Things (IoT) processes makes it possible to satisfy consumers because resources are optimized to the fullest.
By definition, IoT is understood as the integration of sensors in objects to allow them to connect with each other and their environment through the Internet. In fact, the key feature of IoT is the facilitation of contextualized real-time data for online and offline contact points through connected sensors.
The true potential of IoT processes lies in their ability to transform industries; their aim is to improve traditional revenue models and change the way consumers interact with everyday objects, information, and even each other.
Internet of Things is one of the main lines of research of the AIR-Institute. If you would like to find out more about us, visit www.air-institute.org or follow us on social networking sites.