One of the common terms used in the context of asset management is the Internet of Things (IoT). Everyone recommends IoT asset management solutions but they fail to explain what it is or how it can benefit a business. First, let’s understand what IoT is. What is IoT? It’s a network of various physical objects such as software, sensors, gadgets, and more that are called Things. These are connected via the internet; hence the name isthe Internet of Things. In other words, it is a network of everything you want to be connected with each other. Now let’s take a look at the benefits of IoT. Benefits of IoT Connectivity That time is gone when different devices had to be used for different tasks. With IoT, you can control many devices from one and access data on any of the connected devices. Personalised Since it’s a network of your Things, the resulting network of systems is highly personalised. For a business, you can tailor which user has access to which data. If a manager needs access to