The buzz word and hype now a days are about IoT (Internet of Things). In this post, let’s examine what it is about.
The Internet of Things (IoT) can be explained as the ever-growing network of physical things or objects that will have an IP address for internet connection, and the communication which happens between these objects and other
Internet-connected systems and devices.
IoT: The fundamental components
- Hardware: The physical objects in IoT
- Software: for data collection, storage, and processing
- Communication Infrastructure: protocols and technologies to enable two physical objects to communicate
IoT has emerged from the convergence of wireless technologies, micro-electromechanical systems (MEMS), micro services and the internet.
Below are some IoT examples:
Around 256 companies and startups have already invested in Smart Home projects. Currently, the total investment for Smart Home startups exceeds $2.5 billion.
Smart city IoT offers very effective solutions which current urban life faces, like traffic congestion, waste disposal, proper water distribution, security management.
With Smart power or smart grids, the efficiency and reliability of electricity can be improved. Smart power systems can identify the type and behaviors of electricity suppliers and consumers.
Smart watch, Sony Smart B Trainer, gesture control, smart bracelet are some examples. This industry covers more than half a billion dollars fund.
Most big brand auto makers and some startup car companies are working on connected car sector. IT giants like Google, Microsoft, and Apple have already announced connected car projects.
The concept of a connected digital health care and smart medical devices and appliances are going to be the big giants in the IoT.
Smart farming is a smart new concept in IoT and it is going to revolutionize the way farmers work, and it will be the most important application field in the agricultural-product/items exporting countries.
Why IoT will be successful in the near Future?
The smart phone usage has exceeded all the predicted limits and telecommunication sector is continuously trying to improve their infrastructure in order to satisfy their customers. As IoT devices need no separate communication than the existing one building IoT tech is very cheap and highly achievable.
The other factor is, the telecommunication sector is becoming more large and efficient, and the broadband internet is widely accessible. It has now become much cheaper to develop necessary sensors with wifi capabilities and hence it is possible to connect devices with less cost.
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