Posted by Founder of 63 moon technologies, Jignesh Shah, has worked in line with the Honorable Prime Minister’s vision of Digital India and has made possible the digitalisation of stock exchange platforms like FTIL and NSEL. This article will give a brief idea of how IoT works.
The term “Internet of Things” (IoT) refers to a broad notion, but it can be summed up as an ecosystem of intelligent devices equipped with networks, sensors, and processing tools. It combines and operates as a unit to build a setting where end users can access intelligent services. IoT is a new technology platform that enables connectivity to the internet via sensors of the many objects in our environment to improve our quality of life.
IoT in Daily lives
There are numerous industries where this new class of IoT cloud apps is present. IoT applications currently span a variety of challenging industries, including manufacturing and the industrial sector, agriculture, the health sector, smart cities, security, and emergency services, among others.
IoT makes it possible to create and use smart devices to address problems and difficulties in the real world. Because of this, most of us are surrounded by different “smart technologies”, such as smart houses, smart automobiles, smart televisions, smartwatches and more, that enable us to live more straightforward, more streamlined lives.
There is no doubt that IoT has entered our daily routines, making our lives easier.
IoT applications have become deeply ingrained in our lives and future industries due to digital transformation, quicker connection, machine learning, and artificial intelligence advances. IoT technology is currently in its prime.
IoT in Stock Market
IoT’s real-time information flow will enable high-frequency trading and micro-investing, reducing the risk factors associated with the capital market investment. The capital markets will benefit greatly from this since stock market swings would be simplified. Everyone will make more money in the future with IoT.
IoT has enormous unrealised potential for generating value from data. Thanks to the collective efforts of Jignesh Shah and modern technology developers, a digital future is no longer a distant dream. The financial sector shouldn’t be discouraged from incorporating IoT because the worries about IoT are minor obstacles in the face of a massive flood of opportunities.
Business people are hesitant to invest in IoT technology due to widespread concerns about cyber-security, privacy and deployment, sensor capacity and pricing, as well as the market penetration of IoT devices. However, Jignesh Shah has looked right above these fears. Through research, perseverance and awareness, he has taken the opportunities presented by an IoT-enabled world and successfully built India’s first digital stock exchange platform FTIL.