A company uses a network of objects that transmit data to each other and to central hubs through the internet to monitor loss exposures. What is this network commonly called?

A company uses a network of objects that transmit data to each other and to central hubs through the internet to monitor loss exposures. What is this network commonly called?

• A. Smart grid
• B. The Internet of Things
• C. Big data cloud
• D. Industrial control system

Answer: (B)

The Internet of Things is a network of physical objects equipped with sensors and connectivity that can send data over the internet to other devices and to central systems for monitoring and analysis. The scenario fits IoT because it describes devices communicating with one another and with central hubs to monitor loss exposures, using interconnected sensors and gateways to relay information to a central analysis point. A smart grid is a specialized IoT application within the electricity sector, not the general concept. An industrial control system focuses on controlling industrial processes, often within a plant, rather than broad internet-based device-to-device data sharing. Big data cloud refers to data storage and processing infrastructure, not the network of connected devices themselves.

The Internet of Things is a network of physical objects equipped with sensors and connectivity that can send data over the internet to other devices and to central systems for monitoring and analysis. The scenario fits IoT because it describes devices communicating with one another and with central hubs to monitor loss exposures, using interconnected sensors and gateways to relay information to a central analysis point.

A smart grid is a specialized IoT application within the electricity sector, not the general concept. An industrial control system focuses on controlling industrial processes, often within a plant, rather than broad internet-based device-to-device data sharing. Big data cloud refers to data storage and processing infrastructure, not the network of connected devices themselves.