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Concept of IOT
Concept of IOT
The internet of things, or IoT, is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers (UIDs) and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.
We’re in the era of technology where everything has turned smart, like; smartphones, smart home, smart locks, smart fitness devices, and so on. Even a day without internet seems next to impossible today. Internet of Things (IoT) has definitely been a big boon to the businesses and our lives, but then, everything comes with its set of benefits as well as the drawbacks which gives rise to the question in our mind, is smart really secure?
The manner in which IoT is climbing its way to success, its global market is believed to reach $457 billion by 2020 and by 2022, it may reach up to $561 billion. In spite of having so many remarkable and applauding benefits, IoT too faces concerns pertaining to the security challenges. To understand that, here’s a quick intro of IoT first.
The manner in which IoT is climbing its way to success, its global market is believed to reach $457 billion by 2020 and by 2022, it may reach up to $561 billion. In spite of having so many remarkable and applauding benefits, IoT too faces concerns pertaining to the security challenges. To understand that, here’s a quick intro of IoT first.
Examples of Application in IOT
Examples of Application in IOT
Smart Home
Smart Home
- A smart home is a residence that uses internet-connected devices to enable the remote monitoring and management of appliances and systems, such as lighting and heating.
Wearable
Wearable
2. Wearable IoT devices, namely smartwatches and fitness trackers, are the among the most conspicuous examples of Internet of Things (IoT) technology. According to a recent IoT technology survey from Clutch, wearables are used primarily for singular functions such as checking the time and tracking exercise.
Smart City
Smart City
3. The new Internet of Things (IoT) applications are enabling Smart City initiatives worldwide. It provides the ability to remotely monitor, manage and control devices, and to create new insights and actionable information from massive streams of real-time data.
4. The Smart Grid is part of an IoT framework, which can be used to remotely monitor and manage everything from lighting, traffic signs, traffic congestion, parking spaces, road warnings, and early detection of things like power influxes as the result of earthquakes and extreme weather.
Industrial Internet
Industrial Internet
5. Industrial internet of things. The industrial internet of things (IoT) refers to interconnected sensors, instruments, and other devices networked together with computers' industrial applications, including manufacturing and energy management.
Advantages of IOT
Advantages of IOT
- Communication. IoT encourages the communication between devices, also famously known as Machine-to-Machine (M2M) communication. ...
- Automation and Control. ...
- Information. ...
- Monitor. ...
- Time. ...
- Money. ...
- Automation of daily tasks leads to better monitoring of devices. ...
- Efficient and Saves Time.
- The internet of things (IoT) is a computing concept that describes the idea of everyday physical objects being connected to the internet and being able to identify themselves to other devices.
5 Benefits of the internet of things:
5 Benefits of the internet of things:
IoT is an important piece of technology that is set to improve greatly over time. There are many advantages of having things connected to each other. Here are a few of the benefits:
1) More data means better decisions
With added sensors, these devices are able to collect a large amount of data on many different areas.
For example, in addition to the practical elements of being able to know which foods are going out of date in your smart refrigerator, this enhanced household item will be able to give you additional information on its power consumption, temperature, average time of the door spent open and much more.
A greater flow of information means that company behind the device can analyse large trends in the data to better improve the features of the device.
Many companies are realising the power of this technology and it is leading to a large increase in the market. In fact, the total market value of IoT is set to grow to over $3 trillion annually by 2026*.
2) Ability to track and monitor things
As well as tracking data for a company to use, it also greatly benefits the user.
These devices would have the ability to keep an eye out on the current quality of goods at home. Knowing the state of your items will allow a homeowner to know when they need to replace an item, without them having to consistently check the quality themselves.
3) Lighten the workload with automation
Having a device doing most the work for you means that you can save more time and cost. Imagine having your fridge order a new carton of milk to be delivered when it reaches a certain level level of expiry? Sounds good to me.
This greatly reduces human efforts. It also results in devices being created that need little to no human intervention, allowing them to operate entirely on their own.
4) Increases efficiency by saving money and resources
As well as saving time for the device owner, it can also result in cost savings. For example, if lights automatically turn themselves off the moment you leave the room, you could save a lot of money on you electricity bills.
As you can see, connected devices can provide many useful implementations. The IoT system encourages machine to machine (M2M) communication resulting in increased long term efficiency for both the company and user.
The rate of growth for machine to machine communication is high. The total number of connections are set to grow from 5 billion in 2014 to 27 billion in 2024*.
5) Better quality of life
In the end, all the benefits lead to an increased quality of life.
Having your devices track and order things for you, turn light switches off for you, and help manage important tasks that you may not have the time to do yourself certainly takes away a lot of stress.
There is no doubting that people are generally getting busier as the years go by. With so many devices being created and new technology being implemented, it’s hard to keep track of everything. It’s great to be able to be able to do the things you enjoy and have a computer take care of the mundane things you know need to be done.
Improvements to your lifestyle, health benefits and improved wellness are also part of the IoT future. For example, those that exercise regularly can utilise wearable technology to help them track their heart rate,body temperature, hydration to stay in shape and monitor their health.
IoT still has a long way to go
There is still a lot of untapped potential in the internet of things.
For the technology to reach it’s true potential, all devices would need to be able to communicate with each other, regardless of the company or brand they belong to.
Companies would need to make sure that they are safeguarding the information they collect on their users by protecting it as best as they can.
Hopefully this article has brought to light the wonders of the Internet of things.
- The future of IoT has the potential to be limitless. Advances to the industrial internet will be accelerated through increased network agility, integrated artificial intelligence (AI) and the capacity to deploy, automate, orchestrate and secure diverse use cases at hyperscale. The potential is not just in enabling billions of devices simultaneously but leveraging the huge volumes of actionable data which can automate diverse business processes. As networks and IoT platforms evolve to overcome these challenges, through increased capacity and AI, service providers will edge furthermore into IT and web scale markets – opening entire new streams of revenue.
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