Internet of Things (IoT)
IoT is an emerging topic of technical, social and economic significance. Consumer products, industrial and utility components, sensors are combined with internet connectivity and powerful data analytic capabilities that promise to transform the way we work, play and live.
This technology is embodied in a wide spectrum of networked products, system and sensors, which take advantage of advancements in computing powers, electronics miniaturisation, and network interconnection to offer new capabilities that was not possible previously.
The large scale implementation of IoT devices promises to transform many aspects of the way we live.
For consumers, new IoT products like internet enabled appliances, home automation components and energy management devices are moving us towards a vision of Smart home; offering more security and energy efficiency in an automated manner, making our lives an easy and comfortable journey.
IoT devices like wearable fitness and health monitoring and network enabled medical devices are transforming the way healthcare services are delivered. The technology promises to be beneficial for people with disabilities and elderly enabling improved layers of independence and quality of life at reasonable cost.
The easy transport solutions for speeding up and managing traffic flow, low fuel consumption and the data driven systems which fall under the Smart cities infrastructure are also very beneficial for the people as it makes waste management by municipalities an easier task, air pollution level monitoring etc.
This is the reason why IoT has been known to bring on the “next industrial revolution” because it is expected to change the way how business and government interact with each other at present, the way people live, entertain, work and travel.
It is forecast that by 2020’s, more than 26 billion devices will be connected to the internet creating huge opportunities for companies. Thus, this concept will bring the world to a completely different level.