Internet of things still appears as futuristic concept for many people. But the thing is that it’s already here, improving lives on a universal level. Business Insider predicted that device’s connectivity with the internet will hike by 28% from 10 billion devices in 2015 to a whooping 34 billion by 2020.
The concept is rather simple. Multiple devices, machines and appliances connected with each other through multiple networks involving the use of internet in order to provide businesses and customers, new opportunities and services. For instance, the need for measuring bills or vending machines providing 24*7 services from never ending supply chain can be wiped out by smart energy meters.
Corporate giants and industries can employ Internet of Things as healthcare which gives the patient the freedom to get monitored in real time from their respective homes and smart cities. As well as letting the drivers know, where a parking can be found.
The concept is rather simple. Multiple devices, machines and appliances connected with each other through multiple networks involving the use of internet in order to provide businesses and customers, new opportunities and services. For instance, the need for measuring bills or vending machines providing 24*7 services from never ending supply chain can be wiped out by smart energy meters.
Corporate giants and industries can employ Internet of Things as healthcare which gives the patient the freedom to get monitored in real time from their respective homes and smart cities. As well as letting the drivers know, where a parking can be found.
Through IOT, billions of devices and sensors like industrial equipments and objects are connected with networks. Thus the data in high volumes are collected and logged. Then the inputs are blended and analyzed and finally transformed into visions of increased efficiency and quick decision making.
The scientists are keen on specifics and science backing the IOT. However, most of the customers just want the technology to work for them and to be discreet and unnoticeable as it can be. So, the things on which the consumers depend on a daily basis like transportation, energy, healthcare, IOT enable the devices to connect to these and restrict the unpredicted downtime. Consumers must also understand that how it all gets operated.
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Merits/ Demerits of IOT
There are several advantages as well as disadvantages potentially which occurs when the IOT gets developed and adopted. The prime merit is automation where data analysis engines converts billions of data in a world of connected devices, all interacting with each other, and make decisions on behalf of the consumers. With automation, comes efficiency and cost reduction which further results in improved quality of everyday life.
In contrast to this, increased automation can be a threat especially as it could lead to few job opportunities in the market. Enterprises will aim their resources for maintenance and prioritize jobs based on their importance. This way, some jobs will become automated. You just require a workforce with a separate style of skill set, careers with deep skills and engagements around variety of industries.
Key area to focus is data security when devices are connected and when we talk about IOT. Financial and bank related data hold more concerns rather than data related to televisions and washing machines. To make sure that user data is secure and safe, tight security has to be initiated for IOT adoption to grow.
Which Connected Tech is Available?
There’s a huge variety of technology connected that is already available to businesses and consumers similarly affecting enterprises in many industries. To build small cities, retail and advertising sectors, smart energy like street lights, meters, EV charging might be introduced. Also it can be initiated for healthcare and industrial facilities like oil factory corporations and gas.
For this, the transit and portability gets affected by IOT, by connecting cars, railways, trucks and logistics organizations. By reducing the traffic congestion, emissions, and road accidents, manufacturing businesses will gets affected.
White goods such as watches, appliances, door locks & glasses, have already adopted IOT. Consumer goods with wearable technology have been impacted by IOT on a large scale already.
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Approaching IOT
Subsequently and eventually everything is going to get affected by IOT or going to be changed by it. Because of the major elements of IOT has come together, this opportunity has been made possible. The elements include social networking, mobility, data and analytics, reduced cost and connectivity.
It also allows bringing together the objects which have not yet connected already. These things are building large amount of data and communicating through machines. The prediction has been made that by 2020, 250 million vehicles are going to be connected to the internet. This development and innovative drive is because of the technology and consumer demand which is fueling the revolution of IOT.
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