IOT and the benefit it offers

The Internet connects people together via business and social communication or with systems via business transaction such as internet banking or e-commerce. On the other hand, the emerging Internet of Things (IOT) is all about connecting machines and systems together via sensors and actuators, so that meaningful information from these systems can be collected and actions taken to enhance human productivity and efficiency. We’re talking about IOT driving the proliferation of connected devices from around a billion plus today to over 50 billion in the next decade. By doing so, IOT takes the meaning of inter-connectivity to a whole new level.

While IOT promises a way to reduce wastes, costs and inconvenience while increasing efficiency, the biggest appeal of this technology trend is for us to lead environmentally cleaner, productive and a better quality of life.

such benefits are:

Smarter homes and offices that can save energy costs, or modify the inner ambiance of a building to suit the tastes and needs of the inhabitant, or offering better security by constant surveillance and taking proactive action (such as alerting the local police) in case of security breach.

Better health care via remote monitoring of patients and even remotely administering medication to them

Reminders of mundane tasks such as payment of utility bills, parking meters

Smart lighting of streets or automatic sensing and control of traffic signals

Remote Monitoring of assembly line and production system to maximize operational efficiency, reliability and safety in a manufacturing facility

Smart automobiles that can summon assistance if required, assist in controlling vehicle speed based on traffic and environmental conditions

The possibilities for today and the future are limitless and that’s what everyone is excited about – the possibilities it holds for the future.

Why  now?

While many of us have harbored science-fictional and futuristic dreams of using smart homes and offices and the freedom of living and working from anywhere irrespective of location technology to enable that did not exist. Today the availability of the following technology solutions is helping to make IOT a reality

Technologies to transport, store and process ‘big-data’ generated by IOT. This requires high computing power, distributed processing frameworks and storage along with high speed networks deployed on private data centers or on-demand cloud-based infrastructures. Most of these are already a reality today or at least nearing it.

Capability to perform business and data analytics to give insights into the information received from the IOT environment.

Emergence of mobile technologies and apps that provide instant access to data and actionable events to users via personal mobile devices

As usage grows and IOT networks become more pervasive, costs of the sensors and such connected devices will drop. Development of low-bandwidth, low-power consuming devices will further drive the costs down.

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