What is Internet of Things and Why is it Important?

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What is Internet of Things and Why is it Important?

 

What is IoT?

The Internet of Things (IoT) is the network of physical objects or “things” embedded with electronics, software, sensors, and network connectivity enables these objects to collect and exchange data. IoT allows objects to be sensed and controlled remotely across existing network infrastructure, creating opportunities for direct integration between the physical world and computer-based systems, and resulting in improved efficiency, accuracy and economic benefit.”Things,” in the IoT sense, can refer to a wide variety of devices such as heart monitoring , biochip transponders on farm animals, electric clams in coastal waters, automobiles with built-in sensors, DNA analysis devices for environmental/food/pathogen monitoring/field operation devices that assist fire-fighters in search and rescue operations.

 

Why IOT is important?

The Next Industrial Revolution which is going to change our lives in ways never imagined before, The last industrial revolution which is nothing but INTERNET the way we communicate and connect with people has changed like never before and also the Internet boom has improved our lives in many ways. Every time a Industrial Revolution happens there will be huge changes in the economy create a whole new level of markets. Rapid changes in IOT technology makes it a challenging task for the most experienced experts to anticipate the future of standardization in the field. For humanity, which is moderately clutter by nature, the IoT is an extraordinary advancement. On the other hand, for individuals who esteem their security, the Man to Man helps in interconnecting different electronic gadgets. IOT has arrived with a highly believable promise of giving individuals few more free hours by automating few tasks and boosting productivity of businesses by making better use of data.

 

What is the scope in IOT?

The analyst of BCG says that by 2020 there will be over 50 billion connected devices and 6.58 devices connected per person. Anything that touches consumer industry became a buzz word. So now Internet of Things is one among. What it is – the end goals is to bring all things we use in day to day life over network and can be accessed across the world over internet. That means every objects/gadgets we use in a day to day life will have a identify over network and its information can be consumes via Laptop, Tablet and mobile and including wearable like smart watches.

 

How Does IoT Works?

Device with build in sensor connected to IoT platform, Which consolidate data from the different devices and applies analytics to share the most valuable information with applications to address specific needs. Which can be interrelated computing devices, mechanical machines, objects, animal, people that are provided with unique identifiers and the ability to transfer data over a network by Artificial intelligence.

 

IoT Industries

Environments are grouped in to there that will benefit from the IoT are Governments, Consumers and eco systems. Which includes:

Agriculture Insurance Banks
Manufacturing Logistics Utilities
Transportation Defense Infrastructure
Food Services Connected Home Oil, gas, and mining
Hospitality Healthcare Smart Building
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