What is an IoT Module?

by | Jul 9, 2018 | INTERMEDIATE, INVESTING 101, MOST-POPULAR |

You’re probably familiar by now with the IoT, or at least with devices that are connected to the IoT. Things like smart showers and doorbells that reach you when you’re away from home.

You can read more about IoT devices here.

Or if you want to learn about how the IoT works, click here.

But, even if you’re already familiar with the concept or the tech, you may be wondering what makes it all possible.

The answer is – lots of things working together.

Most IoT devices require mobile networks, the faster the better. This is one of the reasons IoT hasn’t completely revolutionized our world yet. 4G just isn’t enough. We’re waiting for 5G, but the infrastructure required is years away.

Another important component to IoT is the modules – the tiny chips that are implanted in devices to make them capable of communicating with one another.

Modules allow devices of all kinds to talk to one another, so to speak. They transmit data across the network – the more complicated the data, the more bandwidth needed. Hence the need for 5G.

Fortunately, not all modules require such high speeds. There are some companies making modules that work now, using existing infrastructure. These companies have an edge because they are able to enter the market now before the massive influx of tech that will hit the market once 5G becomes a reality.

Companies like GeoTraq are using 2G, which isn’t used by the cellular industry, so it’s wide open. They don’t have to compete for space, and they don’t have to wait for infrastructure to be built. Because of this, they are able to offer their modules to big industry now. Industries like agriculture, freight, shipping, and more. The possibilities are endless really, making their list of potential customers virtually endless.

The modules are capable of transmitting data between devices. They can be used for tracking, monitoring, and relaying information instantly.

Imagine luggage fitted with one of these virtually weightless, tiny modules – airlines would save fortunes and customers would avoid the stress and inconvenience of lost luggage.

Parents can place a small, disposable module in their child’s backpack and know where he or she is at all times.

Your cell phone can be fitted with one of GeoTraq’s modules, as can your purse or wallet.

And these are just the personal benefits. Companies can use the modules for a variety of jobs.

The modules can also track changes in temperature or environmental factors. A dairy farm, for example, can have these modules in their refrigeration units and receive a signal if the temperature fluctuates – potentially saving millions of dollars in lost product.

The power of GeoTraq’s module could be life-changing for many industries.

Appliance manufacturers can add these inexpensive modules to their units, increasing their competitive edge. Imagine receiving a notification if your hot water heater were to begin leaking or if your fridge lost power. You’d save a fortune in damage or lost goods.

Tech like this will change the face of business as companies move toward embracing the IoT and offering more convenient options to keep up with consumer demand.

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