Welcome To the Magical World of IoT
"IoT is less about standalone smart devices and more about the symbiotic nature of the entire ecosystem." The following post emphasizes on how the Internet of Things (IoT) is helping the world to become a better place.
A few decades ago, the idea of talking over an audio speaker or control home lights might seem to be ludicrous. Today with the help of Internet of Things (IoT), smart household appliances have turned out as a beautiful reality that most of us are familiar with. And due to its pure benefits, most of the technology-driven people have started adopting of the growing number of connected devices. The fast-paced technology has brought us to a point where connected devices and machine-to-machine communication hold the key to more advanced, sustainable and smart future.
IoT and its origin
The term Internet of Things (IoT) was coined way back by British technology pioneer Kevin Ashton in 1999. It was meant to describe a network through which physical objects could be connected to the Internet through different sensors. And the most interesting part is that even during those days Ashton probably had little idea of just how big the IoT space would grow to be. And today, the entire market is expected to grow 35% per year to $1.16 billion by 2020. The biggest growth will be in business-to-business applications which can generate nearly 70% of potential value enabled by IoT. And maybe that why IoT is considered at the core of digital transformation for a wide range of industries like building & automation, smart cities, smart manufacturing industry, wearable industry, healthcare, automotive and the list goes on. In fact, with its rapidly increasing mobile telephony reach has the potential to really leverage IoT across domains to improve quality of life, increase productivity and automate the simple chores of our everyday lives.
Now, have you ever wondered that how IoT (Internet of things) is escalating the technology-based world in the present scenario? Before proceeding to that, we need to understand how the ecosystem is typically supported on three major fronts:
~ Smart analysis of data
With the increase in the number of machines and sensors being used everywhere, tons and tons of data is being generated and stored in data warehouses for potential use. IoT enables a collection, storage, and analysis of heaps of data for business decisions.
~ Enhanced cognitive abilities
The dawn of the cognitive age of machines has been a boon for a plethora of industries. It allows devices to observe, learn and make decisions. In fact, it may quite interest you to know that cognitive and learning engines have allowed a lot a lot of devices to analyze and incorporate past data and results enabling them to make better decisions progressively.
~ Emergence of automation
The aforementioned pointers have allowed rapid automation and development of a stable system. Here all the information is collected and understood automatically in order to eliminate the need for human intervention to make sense of the scenarios.
Working on new digital strategies
It is no surprise why everyone from IBM to Infosys are talking about the upcoming IoT-based services where softwares are required to integrate devices with the cloud and then perform analytics as per the requirements of the customers. For example, Shoppers Stop has set in motion a completely new digital strategy and is working closely with Cisco to connect to the modern consumer in a manner where all formats will play a major role in increasing revenues.
The road to a pervasive IoT world is filled with obstacles, the major ones being security, compatibility, and scalability. IoT applications require a lot of data transfer amongst interconnected devices, For this networks require to be very strong. I mean a minor flaw in the architecture is enough for a hacker to gain access to the system and misuse the data or manipulate the devices. Professionals also reveal that as more and more devices start interconnecting with one another, standardization gains a center stage. This means without having appropriate standards of interconnectivity, ensuring compatibility will be an uphill battle. Apart from that, scalability will turn out to be a huge challenge if there is an increase in adoption of the technology. As a result, billions of people on the planet using multiple smart devices concurrently will put the system under tremendous strain.
So what can be done?
IBM has developed the Watson IoT platform which enables companies to build a custom range of solutions using devices, sensors and communication gateways. In addition to this, the technology has even resulted in accelerated development and deployment on the IoT cloud. This will bring out the real power of IoT when combined with cognitive analysis of structured and unstructured data. The platform is simple and secure. It’s scalable too as it integrates seamlessly with other devices.
Published By: TatvaSoft UK - iPhone application development company
