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Internet of Things (IoT): Connecting devices

What is the Internet of Things?

After social media, and e-commerce, the next upcoming thing of the internet is IoT (Internet of Things): connecting various devices with each other over the internet. These devices range from electronics to machines; CCTV cameras, sensors and even vehicles. It is expected that by 2022, there will be over 12 billion connected devices. Entire world will be connected to each other through devices. Connecting all of these devices will result in huge amount of data that will open up new business and revenue options. The world connected with devices over internet will have alike impact on consumers and the businesses. It will change how customers and companies will connect. The connection between a customer and the company will bee continous and would last till the customer continues to use the product/service.

Why the need of IoT?

An article by Ashton published in the RFID Journal in 1999 said, “If we had computers that knew everything there was to know about things - using data they gathered without any help from us - we would be able to track and count everything, and greatly reduce waste, loss and cost. We would know when things needed replacing, repairing or recalling, and whether they were fresh or past their best. We need to empower computers with their own means of gathering information, so they can see, hear and smell the world for themselves, in all its random glory.” This is exactly what IoT does for us. It provides devices the ability to identify, observe, understand surroundings and behave in a particular way without being dependent on us.

Scope of IoT?

IoT connects devices within various systems to the internet. Which means that each device will be having it’s own digital identity which is turn means, that it can be controlled from anywhere in the world. Connecting devices over the Internet help us gather extensive data and insights which in turn gives rise to new services and products. The data captured also provides ways of improving security and safety of IoT.

IoT industry sectors:

There are a lot many environments within the three main groups of consumers, governments, and ecosystems that benefit from IoT.

They are manufacturing, defense, transportation, infrastructure, agriculture, retail, banks, logistics, gas, oil, mining, connected home, insurance, food services, hospitality, healthcare, utilities and smart buildings.

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