Internet of Things can be helpful more than ever in 2020 | Digital Planet

Everything you need to know about the Internet of Things

Internet of Things

Have you heard about the ‘Internet of Things (IoT)? Let’s together discover the internet of things!

The topic is becoming more popular in the workplace and outside of the same. It is an idea that not only can affect how we live but also the way we work as well. However, many people have been left wondering what IoT is and the kind of impact it might have on us, if any. Given that the topic is quite technical, a lot of jargon is being used, making it difficult for most people to understand the subject.

What Is Internet of Things?

Simply put, IoT refers to the ability of physical devices worldwide to connect to the internet while collecting and sharing data. The plan has been made possible by the cheap processors and wireless networks. The connected devices include cellphones, washing machines, wearable devices, and headphones. IoT adds a degree of computerized insight to gadgets that would be generally moronic, empowering them to impart ongoing information without a person included, successfully blending the digital and physical worlds.

You may also like: 

History of Internet of Things

Kevin Ashton coined the term in 1999. The concept of including sensors and intelligence in physical devices has been discussed for centuries. However, apart from a few internet-connected gadgets such as vending machines, the progress was sluggish because the technology was not ready.

To actualize the idea, a suitable processor had to be found to make it cost-effective for the process to take place. The continuous use has made the IoT a success of low-power chips. However, the falling prices by adding sensors and internet connections have enhanced IoT.

How Big Is the Internet of Things?

In simple terms, the IoT is significant and only getting bigger. For example, there were 8.4 billion devices connected in 2017, representing a 31% increase from the previous year. According to Gartner, this increase is expected to reach 20.4 billion devices this year. Also, the total spending on the IoT endpoints was expected to reach $2tn in 2017, with China, Europe, and North America making up a whopping 2/3 of the devices. Gartner also indicates that almost half of this will comprise consumer products such as smart televisions and speakers.

Benefits of Internet of Things to a Business

In most cases, the benefits depend on IoT implementation; however, a business should use IOT to allow users to gain more information on its products and feedback to ensure necessary changes are done.

On the other hand, manufacturers add sensors to ensure they gather enough information on how their products are faring in the market. As such, a business can spot a device that is about to fail, thus managing to avert any impending damage and making the devices more efficient.

What Is Industrial Internet of Things?

The industrial internet of things (IIOT) is usually referred to by many as the 4th industrial revolution. IIOT can be defined as the term given to the use of the internet of things within a business setup. The business concept is similar to the consumer IoT.

It is argued that introducing IoT in a particular industry would benefit more than used in select businesses. For example, this would ensure the just-in-time delivery of products and materials and enhanced business management.

Consumer Benefits of IoT

IoT is beneficial to the end-user because it allows for a more comfortable environment. For example, through IoT, one can communicate with people in distant places while listening to music simultaneously. Also, it ensures that one can keep tabs on the happenings inside and outside their homes.

Besides being beneficial in houses, IoT can help people understand more about their surroundings. For example, one can use IoT to measure the level of pollution within the environment as well as manufacture environmental-friendly cars. Most of these devices play a significant role in impeding our privacy.

IoT Security

IoT works on collecting data, which makes security one of its main talking points. IoT has scored extremely low regarding ensuring device users’ privacy. Many argue that most IoT devices do not pay attention to basic security procedures such as data encryption.

Also, given that software is prone to flaws, privacy is further compromised, making it easier for hackers to target specific devices.

The issue of security does not only affect individuals but also businesses. Any connection within a business setup increases the chances of being hacked and losing valuable information. Thus, both businesses and individuals should ensure the devices and the internet user is well protected.

IoT and Data Analytics

IoT produces loads of data from the various sensors attached to the devices. This means that businesses can manage to view and analyze the data collected from multiple devices. The data collected can ensure that the proper amends are made to products to make them more efficient and help planners make better judgments regarding specific situations.

IoT and Smart Cities

Placing many sensors across the cities can help planners easily view what is happening. Most cities use IoT devices such as security cameras to gather relevant information. This has seen cities try to incorporate various sensors to ensure they capitalize on such connections.

IoT and Artificial Intelligence (AI)

IoT has proved beneficial to many companies in the wake of AI. This is because the data collected by the IoT devices can be used to make future predictions. For example, some organizations are using the data to predict how much energy will be required in the future.

So What Now?

Discussions about the IoT are occurring in various countries across the globe, and people are looking forward to how this will affect their livelihoods. Besides, we are still attempting to comprehend what the numerous chances and difficulties will be like if an ever-increasing number of devices begin to connect to the world of IoT. Considerably, the best thing we can do as we wait for what is yet to unfold is to inform ourselves regarding the IoT and the future effects that can be experienced on our universal behavior as humans.