What is the definition of the Internet of Things (IoT) Technology?
Internet of Things(IoT) is a concept in which the physical devices that we use in our regular life have the capability of executing communication through the internet directly along with sharing and collecting data.
Basically, IoT gives humans the option to operate and control their devices remotely with the help of internet connectivity at just their fingertips.
Well, almost every device that we use in our daily lives can be equipped with the IoT technology to control and transmit information, of course with the help of internet infrastructure.
Examples of Internet of Things (IoT) applications
The new variants of air conditioners circulating in the market are equipped with such IoT technology.
This helps you to turn on the device and cool the room from any remote location with the help of an app on your mobile, provided both your mobile and the air conditioner is connected to the internet.
Yet another example of an IoT device is the amazon echo which lets you operate every of your home devices with just your voice being the command.
The world is moving towards the digital transformation and IoT being a vital part of it will be helping it to boost further.
Today every device can be included as a part of IoT, right from a small bulb that we use at our home and offices to the mega technology such as airplanes.
Thus this compelling technology makes our life very easy and fast in the operation without the involvement of humans in it.
What does the basic architecture of IoT application systems consist of?
IoT is an exceptional sweeping technology that can be slipped into any device for making its output more precise and smooth.
This perennial technology can be structured around the following 4 points :
- Sensors and actuators
- Gateways and Data acquisition systems
- IT edge analytics
- Cloud Platforms
How vast is the scope of the Internet of Things (IoT) technology around the globe?
There are already a number of devices around the world that are equipped with IoT technology and interconnected through wireless means such as internet infrastructure.
As per the data of statistics, the number of IoT based devices in the year 2018 was 151 billion and by the year 2025, it’s estimated to be around 1.6 trillion.
This data is very crucial as far as the business aspect is concerned.
The tech analyst Gartner predicts the enterprises and automotive sectors will be accounting for 5.8 billion devices by the end year 2020 which is almost greater by a quarter than the year 2019.
Thus IoT is aimed at enhancing our lives as well as promoting growth and a sense in our workspaces and the technology is smearing around the world and changing the way we do things, of course in a much better way.
What are the advantages of IoT in the business sector?
As we can see from the reach of the IoT it is taking over the business traditional methods for making the process smoother and much more productive.
The result generated after it’s implementation is purely based on the business domain and how deft and certain the strategy of the enterprise is planned.
Every organization needs to have the real-time data of their products and the workflows around the production or various internal systems to attain greater ability for making the necessary changes.
Many enterprises are using the IoT based technology on the components of their products so that they can monitor the performance of it very seamlessly with the precise data and thus make any changes for enhancing its efficiency and a smoother path for delivering results.
The use of IoT is both in the production plant as well as the workspaces of the enterprises.
In the production plant, it can provide real-time data for the workflow directly on mobile devices, and for the workspaces, it can be used in the air conditioners, in the security cameras, etc.
The capital invested in software and hardware around the IoT was a whopping $726 billion around the world in the year 2019 and it will be seeing an increase in the near future.
This shows how IoT is changing the way we do business and creating a positive impact on our lives through it.
How can consumers benefit from the Internet of Things (IoT)?
Implementation of IoT makes our environment promising and simple to live in. Almost all of our devices can be modified for the betterment of humankind.
Let it be a small speaker such as Alexa and air conditioners as we discussed in the starting part or be a larger vehicle or even an airplane, every device, utility around us can be equipped with IoT.
The home security system makes it easy for an individual to monitor what’s going inside the house or even outside, to keep an eye on the visitors that too from distant locations if he/she needs to with the IoT technology.
One of the examples uses of IoT technology is Tesla's self-driving car. Similar to Tesla’s there are other car brands too who are promoting this technology with their cars.
Smart cities are yet another best example of the extensive use of IoT technology.
However, these technologies have limited our privacy to a certain extent.
How secure are the technologies based on the Internet of Things IoT?
The fact is every device around the world connected with the help of the internet is vulnerable to security threats no matter how good your security measures are or how good your code is for that device.
The sensor that is a part of IoT technology collects every data of an individual, even the most sensitive data sometimes.
The flaws with the system code even if it’s coming from a big brand are discovered. Hackers take advantage of this loophole of the system and target the devices equipped with the IoT technology.
Devices like your Alexa, refrigerators, security cameras, webcams, smartwatches can be accessed by hackers to breach your privacy and even cause critical theft of data or capital.
This security issue is even applicable even for the businesses as much as they do for the consumers.
There is a certain set of checks you can go through for your IoT devices so that they don't fall prey to such security threats and it doesn’t interrupt your workflow.
This is an overview of the futuristic IOT technology and we hope you get clarity on the topic from our perspective.
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