Internet of Things (IoT)

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Internet Of Things(IoT)
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What is IoT?

• Internet of Things (IoT) is an ecosystem of
  connected physical objects that are accessible
  through the internet. The thing in IoT could be
  a person with a heart monitor or an automobile
  with built-in-sensors, i.e. objects that have
  been assigned an IP address and have the ability
  to collect and transfer data over a network
  without manual assistance or intervention.

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Why IoT?

• It enables devices/objects to observe, identify
  and understand a situation or the surroundings
  without being dependent on human help.
• GPS systems, alarms systems and thermostats will
  be sending and receiving continuous streams of
  data to monitor and automate all your activities
  in automobiles and homes.
• Lights and thermostats will operate autonomously
  to save on energy costs. They will be turned off
  automatically when everyone will leave the
  place.
• IoT will enable intelligent transport solutions,
  speeding up traffic flows, reducing fuel
  consumption and prioritizing vehicles repair
  schedule.
• There will be smart doorbells, locks and
  surveillance systems, giving you information
  about whos in front of the building at any point
  of time, thus ensuring your peace of mind.
• Smart electric grids will help in efficiently
  connecting renewable resources, improving system
  reliability and charging consumers based on
  smaller usage increments.
• It will help your business to improve customer
  service and customer personalization, accelerate
  process optimization, address real-time business
  needs, threats and opportunities and make
  forecasting more effective.

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How does it work?

• Devices and objects with built in sensors are
  connected to an Internet of Things platform,
  which integrates data from the different devices
  and applies analytics to share the most valuable
  information with applications built to address
  specific needs.
• These powerful IoT platforms can pinpoint exactly
  what information is useful and what can safely be
  ignored. This information can be used to detect
  patterns, make recommendations, and detect
  possible problems before they occur

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Future of IOT

• Nearly 6 trillion will be spent on IoT solutions
  over the next five years.
• Businesses will be the top adopter of IoT
  solutions. IoT can improve their bottom line by
  1) lowering operating costs 2) increasing
  productivity and 3) expanding to new markets or
  developing new product offerings.
• Governments are focused on increasing
  productivity, decreasing costs, and improving
  their citizens quality of life will be the
  second-largest adopters of IoT ecosystems.
• So the areas with IOT will be artificial
  intelligence, machine learning and intelligent
  devices catering to applications of - Connected
  homes, smart cities, transportation,
  manufacturing, healthcare, utilities (smart grid)
  and agriculture.

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Advantages of IoT

• 1. Data The more the information, the easier it
  is to make the right decision. Knowing what to
  get from the grocery while you are out, without
  having to check on your own, not only saves time
  but is convenient as well.
• 2. Tracking The computers keep a track both on
  the quality and the viability of things at home.
  Knowing the expiration date of products before
  one consumes them improves safety and quality of
  life. Also, you will never run out of anything
  when you need it at the last moment.
• 3. Time The amount of time saved in monitoring
  and the number of trips done otherwise would be
  tremendous.
• 4. Money The financial aspect is the best
  advantage. This technology could replace humans
  who are in charge of monitoring and maintaining
  supplies.

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