Abstract
The aim of this article is to analyze the application of Internet of Things (IoT) and its associated technologies in the business world. IoT is a technological concept or a system of informational technologies, computing gadgets, tools, devices, machines, objects, and human beings that enable data transfer over a network without human interactions. As such its architecture encompasses several technologies like Cloud, Fog and Dew Computing. Cloud computing was introduced late last century and became viable in the beginning of this century. It presented a new and affordable way of computing, changed the mode of outsourcing, and empowered entrepreneurs to start their dream business with very little resources. To meet the need for faster processing in critical applications, cloud was extended to a smaller paradigm of server computers, and configuration now known as fog or Edge computing. Dew computing is a further refinement of the cloud paradigm and sits at the bottom of the Cloud configuration. IoT with thousands of its devices is providing very valuable assistance in Healthcare procedures and management. With IoT, the medical science field is inventing a whole lot of new ways to deal with businesses, health and real life issues.