For a very long time, businesses in various industries have been using smart sensors. However, with the development of the Internet of Things (IoT), their significance has increased. Sensors represent the beginning of a data collection chain that, when processed by IoT platforms, generates essential insights for assertive decision-making and even for developing new business ideas. Generally, a smart sensor has three main components: This technology is already used in many countries.
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IoT devices are exponentially growing in number each year, with an anticipated 14.4 billion IoT devices by the end of 2023 up to 27 billion IoT devices by the year 2025. The accelerated growth can be attributed to a variety of positive effects like increased efficiency, productivity, and convenience. However, in order to gain these benefits, these IoT devices need to be managed effectively.