Guide To Understand The Internet of Things (IoT)
The Internet of Things (IOT) helps you grow and navigate in this connected world. Its ecosystem connects Business, Government, Networks, Data storage, Security & Home Devices with each other.
Internet of Things creates an opportunity to measure, collect and analyze an ever-increasing variety of behavioral statistics. Cross-correlation of this data could revolutionize the targeted marketing of products and services. The Internet of Things therefore transforms the media industry, companies and even governments, opening up a new era of economic growth and competitiveness.
IOT is the inter-networking of physical devices, vehicles (also referred to as “connected devices” and “smart devices”), buildings, and other items embedded with electronics, software, sensors, actuators, and network connectivity which enable these objects to collect and exchange data.
The Internet of Things (IoT) Industries
- Oil and Gas and mining
- Connected Home
- Food Services Utilities
- Healthcare Smart Buildings
IOT Privacy and Security
According to report, Cyber attacks are growing worldwide. Hackers could cyber attack on vulnerable devices not only with computer but also with connected cars, traffic lights, home security devices and other connected network devices. As a result IOT companies are focusing on Cyber Security to provide better security against cyber attacks.
IoT devices connected to the Internet will more than triple by 2020, from 10 billion to 34 billion. IoT devices will account for 24 billion, while traditional computing devices (e.g. smartphones, tablets, smartwatches, etc.) will comprise 10 billion.
Nearly $6 trillion will be spent on IoT solutions over the next five years. Businesses will be the top adopter of IoT solutions because they will use IoT to:
1) Lower operating costs
2) Increase productivity
3) Expand to new markets or develop new product offerings.
Governments will be the second-largest adopters, while consumers will be the group least transformed by the IoT.
In Medical and Healthcare Industry
IoT devices can be used to enable remote health monitoring and emergency notification systems. These health monitoring devices can range from blood pressure and heart rate monitors to advanced devices capable of monitoring specialized implants, such as pacemakers, Fitbit electronic wristbands, or advanced hearing aids. Some hospitals have begun implementing “smart beds” that can detect when they are occupied and when a patient is attempting to get up. It can also adjust itself to ensure appropriate pressure and support is applied to the patient without the manual interaction of nurses.
Specialized sensors can also be equipped within living spaces to monitor the health and general well-being of senior citizens, while also ensuring that proper treatment is being administered and assisting people regain lost mobility via therapy as well. Other consumer devices to encourage healthy living, such as, connected scales or wearable heart monitors, are also a possibility with the IoT.
More and more end-to-end health monitoring IoT platforms are coming up for antenatal and chronic patients, helping one manage health vitals and recurring medication requirements. Medical advancements have taken many forms, such as the Research & Development Corporation (DEKA) prosthetic limbs for disabled amputees.
Building and home automation IoT devices can be used to monitor and control the mechanical, electrical and electronic systems used in various types of buildings (e.g., public and private, industrial, institutions, or residential in home automation and building automation systems. In this context, three main areas are being covered in literature:
The integration of the internet with building energy management systems in order to create energy efficient and IOT driven “smart buildings”. The possible means of real-time monitoring for reducing energy consumption and monitoring occupant behaviors. The integration of smart devices in the built environment and how they might be used in future applications.