Benefits of IOT in Industry and Manufacturing

BRACT, Vishwakarma Institute of Technology, Pune TY. B. tech Mechanical Engineering Department Mechatronics - Home Assignment - TYMEA, Batch 2, Group 5 Guided by - Prof. Ketki Shirbavikar  Group Members/Authors -  Nivedita Bhagwat - RN 31 Pranjali Bhople - RN 38 Vedant Bhosale - RN 41 Harsh Bhutada - RN 44 Chhavi Kumari - RN 52 Introduction The Internet of Things (IoT) describes the network of physical objects—“things”—that are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet. These devices range from ordinary household objects to sophisticated industrial tools. With more than 7 billion connected IoT devices today, experts are expecting this number to grow to 10 billion by 2020 and 22 billion by 2025. Oracle has a network of device partners. Technologies that have made IoT possible While the idea of IoT has been in existence for a long time, a collection of recent advances...