The ‘Internet of Things’ is a relatively new term that has come to signify a specific set of developments in our increasingly digitalised society.
With Google developing some of the most sophisticated algorithms ever devised so that our smartphones can tell us when we need to catch a plane, what time the hotel check-in opens, or whether your train is delayed due to a signal failure, we are experiencing a new age of hyper-connectivity – an age when AI algorithms use our internet connectivity to monitor and analyse our daily habits and routines.
But what will the Internet of Things (IoT) mean for our most important industries, and what are the possible opportunities for the gases industry? The IoT is the seamless integration of everyday items to the internet. This digital revolution is altering every segment of the economy, including energy, agriculture and transportation, which together accounts for two-thirds of the global GDP. This concept is changing and redefining business-to-consumer and business-to-business industries and will redefine huge areas of core industries, bringing with it innovations in human-machine interaction, the role of big data, and new ways to interact with the infrastructure integral to global production and output.
Opportunities in electronics
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