penang incubator for IoT
OUR INCUBATOR STARTUPS FOCUSES ON USING IoT TECHNOLOGY TO CONVERGE THE PHYSICAL AND DIGITAL WORLD
by 25 startups
The Internet of Things ( IoT) is defined as a network of physical objects, or so-called “things,” that are equipped with software, sensors, and other technologies to connect and data interchange with other devices and systems over the Internet. The devices can include a wide range from household items to technical industrial machines or tools. All of these “things” are assigned an IP (Internet Protocol) address so that they can transmit data over the network. In business, most industries have begun to use the IoT to create efficient operations and develop a better understanding of customers to improve customer service, make better decisions, and increase business value.
The smart capabilities of the IoT create advantages in the business world by providing more data so investors can make better decisions. They will be able to track and monitor things by connecting their business devices to the Internet. So, with the automation capabilities of the IoT, a lot of work will be made easier. Ultimately, the IoT will increase efficiency by saving money and resources. In summary, it will provide us with a better quality of life.