Internet of Things: More Types of IoT (Part 2)
- What is the Internet of Cities / Internet of City Things?
- What is the Internet of Things for Financial Services?
- What is the Internet of Goods (IoG)?
For more information on the Internet of Things, including more about the Internet of Medical Things (IoMT), the Internet of Vehicles (IoV), and the Internet of Energy (IoE), be sure to read part one, as well as our blog post on the five main types of Internet of Things.
What is the Internet of Cities / Internet of City Things?
Put simply, the Internet of Cities, or the Internet of City Things, is the use of IoT for Smart City solutions. It involves the use of Information and Communication Technologies (ICT) to connect devices, citizens, buildings, communities, and businesses living and operating within a city or town.
We should also note here that, while folks often lump “Smart City” in with the IoT crowd, the terms are actually distinct. In general, Smart cities leverage technology to provide services, promote sustainable development practices, and address challenges commonly associated with urbanization (I.e. public safety, transportation, accessibility, etc.). And while ICT and IoT are indeed popular in the Smart City space, Smart Cities are technology agnostic.
- Electronic bus stop signage, smart metro timetables, and Wi-Fi-enabled vehicles for improved commuting experiences.
- Smart kiosks for more efficient public services.
- Environmental monitors to track air quality, carbon dioxide levels, and the presence of carbon monoxide.
- Smart cameras, city lighting, and connected citizen devices to promote city safety.
What is the Internet of Things for Financial Services?
Just as it sounds, the Internet of Things for Financial Services is the use of IoT technology in banking, investment, insurance, real estate, and other finance-related industries.
- Secure, cloud-based payment and revenue management platforms for small businesses.
- Point-of-sale technology like Bluetooth beacons that can be used for mobile payments.
- IoT payment cards that facilitate real-time, two-way communication between banks and clients.
- IoT trackers for data-informed insurance (for example, milage- and behavior-based auto insurance plans).
What is the Internet of Goods (IoG)?
The Internet of Goods (IoG) refers to the digitization of manufacturing, especially for the purposes of automation and data exchange. It enables a network of producers (such as factories and other manufacturing outfits) to utilize technology to efficiently and cost-effectively manufacture products.
Common Internet of Goods use cases include:
- Digitization of distribution channels.
- Improving the operational efficiency of fulfilment centers.
- Manufacturing platforms.
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