IoT refers to a connected network of Devices, Appliances & Vehicles etc. it would also include digital devices like Sensor, Automated systems. All of them would be connected and information exchange is enabled.
The concept and end-state would be to create a seamlessly connected ecosystem. Various key parameters of the machinery and components are captured for a comprehensive Tracking and Analysis. Resultant parameters would enable to plan for various next level of activities.
Key benefits would be