The Internet of Things (IoT) is the hot topic in the tech industry and we wonder why all the industry experts are frenzied about it. As new as it may sound, IoT is not a newborn technology, but rather one that has been around for some time. Kevin Ashton, co-founder of the Auto-ID center at the Massachusetts Institute of Technology, conceived it in the early 2000s. Ashton was one of the pioneers of IoT, which he developed while working on a P&G project that involved linking RFID information. to Internet. The concept was simple but powerful enough to take the entire IT industry by storm.
What is the Internet of Things?
Ashton wrote an article in 1999 for RFID magazine that said:
“If we had computers that knew everything there was to know about things, using the data they collected without our help, we could track and count everything, and greatly reduce waste, loss and costs. We would know when they needed to be replaced. repaired or retired, and whether they were new or past their prime. We need to empower computers with their own means of information gathering, so they can see, hear and smell the world for themselves, in all its glory “Random. RFID and sensor technology enables computers to observe, identify and understand the world, without the limitations of human input.”
Sometimes in its crude form, IoT can even be referred to as M2M (machine to machine). IoT is a network of intelligently connected humans, devices, and systems. The network is made up of everyday objects such as keys, watches, mobile phones, household appliances, cars, buildings and many more. These objects, when integrated with chips and sensors, gain the ability to read new data and communicate with each other on their own. Human intervention here is minimal or zero. Together, when all devices are integrated, they can “talk”, “think” and “feel” each other, allowing us to monitor anytime, anywhere and enjoy the fruit of their smart services.
What does it mean to us?
Key IoT in all facets of our lives. Practically, the opportunities are innumerable and in the near future, we will find IoT in almost the systems and networks that we use. Today’s IoT applications are developed almost every day. From improving safety to saving energy to reducing maintenance costs, several companies are working to develop an infrastructure that will revolutionize the way we live our lives. IoT will play an important role in the development of smart cities, an ambitious project by the Indian government. From residential electronic meters to gas leak detection and traffic control, IoT offers a wide range of innovative technologies for lighting, surveillance, and integrated and centralized system control. The benefits of IoT products and tools in manufacturing are limitless. The newly created technologies will help industries optimize inventory, track assets, protect employees, perform predictive maintenance, and much more. However, the solutions are endless, and as technology evolves, we can only imagine the complex network infrastructure that provides intelligent services that will make our lives easier.
The road ahead
Cisco, a network giant, has been calling IoT the Internet of Everything, suggesting the possibility of a utopian connected world where all objects communicate with each other. Jeff Immelt, CEO of GE, has said that a global network connecting people, data and machines called the Industrial Internet has the potential to add between $ 10 and $ 15 trillion to global GDP over the next 20 years. GE plans to invest $ 1 billion in developing industrial Internet technology and applications. However, companies are careful not to impose IoT on consumers. Organizations are choosing to familiarize their consumers with technology before introducing augmented IoT-based products or services. As consumers learn the benefits of smarter technologies, they respond in the marketplace by demanding better products and services.
