What is the Internet of Things?
In a nutshell, the Internet of Things is the concept of connecting any device. So long as it has an on/off switch) to the Internet and to other connecting devices. The IoT is a giant network of connecting things and people – all of which collect and share. Moreover, data about the way they are using and about the environment around them.
That includes an extraordinary number of objects of all shapes and sizes – from smart microwaves, which automatically cook your food for the right length of time, to self-driving cars, whose complex sensors detect objects in their path, to wearable fitness devices that measure your heart rate and the number of steps you’ve taken that day, then use that information to suggest exercise plans tailored to you. In addition to, there are even connecting footballs that can track how far and fast they are throw and record .
The RFID Journal in 1999 said, “If we had computers that knew everything there was to know about things. Using data they gathered without any help from us- we would be able to track and count-everything, and greatly reduce-waste, loss and cost. We would know when things needed replacing, repairing or recalling, and whether they were fresh or past their best. We need to empower computers with their own means of gathering information. So they can see, hear and smell the world for themselves, in all its random glory”. In addition, This is precisely what IoT platforms does for us. It enables devices/objects to observe, identify and understand a situation or the surroundings without being dependent on human help.
What is the scope of IoT?
Internet of Things can connect devices embedded in various systems to the internet. When devices/objects can represent themselves digitally, they can be controlled from anywhere. The connectivity then helps us capture more data from more places, ensuring more ways of increasing-efficiency and improving-safety and IoT-security.
IoT is a transformational force that can help companies improve-performance through IoT analytics and IoT Security to deliver better results. Businesses in the utilities, oil & gas, insurance, manufacturing, transportation, infrastructure and retail sectors can reap the benefits of IoT by making more informed decisions, aided by the torrent of interactional and transactional data at their disposal.
How can IoT help?
IoT platforms can help organizations reduce cost through improved process efficiency, asset utilization and productivity. With improved tracking of devices/objects using sensors and connectivity, they can benefit from real-time insights and analytics. Which would help them make smarter decisions. The growth and convergence of data, processes and things on the internet would make such connections more relevant and important. Creating more opportunities for people, businesses and industries.