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The Internet of Things, or IoT, is a scalable and automated solution that has seen explosive growth in other industries such as automated manufacturing, wearable consumer electronics, and asset management.
IoT consists of several functional components: data collection, transfer, analytics, and storage. Data is collected by sensors installed on mobile, end-user hardware like phones, robots, or health monitors. Then, the mobile data is sent to the central cloud server for analytics and decision-making, such as if a machine requires proactive maintenance to prevent unexpected breakdown or if a patient needs to come in for a check-up.
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