What is IoT?
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The Definition of IoT
The Internet of Things (IoT) refers to a vast network of interconnected devices, objects, and even living beings that can collect, exchange, and act upon data using embedded sensors, software, and communication technologies. While the term may seem futuristic, IoT is already deeply embedded in many industries, driving digital transformation across sectors like healthcare, education, and commercial property management.
The term ‘Internet of Things’ was first coined in 1999 by Kevin Ashton, a co-founder of MIT’s Auto-ID Lab. Since then, the concept has grown exponentially. Predictions for IoT growth vary, but Gartner’s oft-cited statistic suggests that over 20 billion devices were connected to IoT by 2020. These devices aren’t limited to traditional electronics like smartphones or tablets; the ‘Things’ in IoT can include any physical object embedded with sensors capable of connecting to the Internet. Examples range from smart home devices and wearable fitness trackers to ingestible medical sensors and industrial machinery.
What Sets IoT Apart?
What sets IoT apart is its ability to turn objects into data-gathering tools, enabling real-time monitoring, predictive analytics, and automated decision-making. For example, in healthcare, IoT devices can monitor patients remotely and alert medical staff of changes in vital signs. In commercial properties, IoT-enabled systems optimise energy usage by adjusting lighting, temperature, and air quality based on real-time occupancy data.
The Challenges of IoT
Despite its transformative potential, IoT also presents challenges, including data privacy concerns and the need for robust cybersecurity measures. However, its benefits – improved efficiency, cost savings, and enhanced user experiences – make it a vital component of modern innovation.
At mySmart, we’ve been at the forefront of IoT development for over two decades, delivering tailored solutions to meet diverse client needs. From automating building systems to enabling smarter decision-making, we’re excited to help you leverage IoT to create lasting, positive change.
With over 25 years of experience, mySmart is Australia’s largest systems integrator for smart buildings. As a founding member of KNX Australia, a Platinum Partner of Signify (Dynalite), and an EcoXpert partner with C-Bus, we deliver proven solutions backed by industry-leading certifications.
We specialise in lighting control and energy management, helping our clients achieve measurable energy savings and operational cost reductions. Whether it’s a new project or a retrofit, we introduce cutting-edge products and solutions that make buildings smarter and more efficient.