The present projection data from Cisco is that the Internet of Things or IoT would reach 50 billion devices by 2020. The internet these days is driven by wired and wireless networks that keep people connected through their day-to-day lives. With the new digital devices advent that constantly link people to the web, the networks have become more than a simple vehicle for communications and information. Now, they enable people to track daily habits, monitor health, manage the use of home energy and track almost any other data imaginable. The devices make up what is called the Internet of Things, web connected objects linked through networks that could interact with one another and with people.
THE INTERNET OF THINGS EXPLOSION
The internet is not only developing, it is exploding, and the numbers prove it. Nowadays, there are more connected devices than there are people on the planet. The expansion is not just from smart phones, computers and tablets, it also includes millions of other devices that have IP addresses. Ubiquitous, fast Wi-Fi and increasing home broadband speeds drive the IoT and the ever-expanding web.
EXPONENTIAL GROWTH OF IOT ON TOP OF EXISTING INFRASTRUCTURE
The Internet of Things is built on top of the infrastructure. Nevertheless, IoT also has its own extension of what could be classically known as the internet. As the cost and size of communication technologies and sensors continue to decline, the IoT grows in leaps and bounds. Governments and businesses struggle to integrate the evolving technology, using analytics to segregate insights from data’s treasure trove that boost delivery models in transportation, health care, defense and security, infrastructure management and many other areas. The IoT’s exponential growth proves to be a regulatory concern, pressuring governments to keep pace with the ever evolving technology.
THE INTERNET OF THINGS IN 2020
By the year 2020, the Internet of Things would be:
As the IoT market matures, so will standards. Innovation and technology, via the growth of the internet and subsequent development of both open and proprietary standards, would help ready the market to take on the internet of things challenges and also pave the way for future innovation. The complexities would be deeper, but would also make the opportunity much greater.
Technology is moving towards an IoT based environment, and the implications seem robustly beneficial to people as well as the world. Accommodating human and worldly needs in real-time could give way for a more technologically aided and harmonious way of living.
THE PROS OF THE INTERNET OF THINGS
Each new technology faces millions of challenges in its initial stage. The IoT also poses some concerns. However, there are indeed benefits of the internet of things that people and businesses have partaken of since its inception. Some of these include:
1. Transportation. The internet of things simplifies and eases the whole process through introducing a monitory sensor, which helps track distance and time locations as well as other contributing factors.
2. Promotions. A lot of businesses use IoT for sending mobile promotions to frequent shoppers. This is done through keeping track of shopper history and interest. It uses location-based tracking of physical shoppers and those shopping over the web as well.
3. Inventory management. As managing fleet, inventory tracking and management is a major task as well. The internet of things is used for tagging radio frequency sensors for tracking products’ location in real time. It’s been instrumental in keeping tabs of the inventory level and stock it in advance, which make alerts for unforeseen stoppages, placing orders automatically and more.
4. Assessing web user intelligence. The internet of things is used by third party web data aggregators for a better understanding of the customer via tracking them on social media. This is necessary in identifying the major customers as well as their preferences.
5. Vending technology. IoT played a large role in boosting the working of vending machines, via enabling them to communicate in monitoring inventory levels, determine price and others.
6. Facilitates maintenance and warranty services. IoT enables product tracking. In turn, this helps in keeping track of products that need warranty or maintenance. Also, this helps in crisis moments such as thefts to track and place a product.
The internet of things see exponential growth since its inception. Moreover, it would continue to explode and become very prominent by 2020.
THE INTERNET OF THINGS EXPLOSION
The internet is not only developing, it is exploding, and the numbers prove it. Nowadays, there are more connected devices than there are people on the planet. The expansion is not just from smart phones, computers and tablets, it also includes millions of other devices that have IP addresses. Ubiquitous, fast Wi-Fi and increasing home broadband speeds drive the IoT and the ever-expanding web.
EXPONENTIAL GROWTH OF IOT ON TOP OF EXISTING INFRASTRUCTURE
The Internet of Things is built on top of the infrastructure. Nevertheless, IoT also has its own extension of what could be classically known as the internet. As the cost and size of communication technologies and sensors continue to decline, the IoT grows in leaps and bounds. Governments and businesses struggle to integrate the evolving technology, using analytics to segregate insights from data’s treasure trove that boost delivery models in transportation, health care, defense and security, infrastructure management and many other areas. The IoT’s exponential growth proves to be a regulatory concern, pressuring governments to keep pace with the ever evolving technology.
THE INTERNET OF THINGS IN 2020
By the year 2020, the Internet of Things would be:
- Privacy takes center stage as multiple things become sources of data. There is also new pay-for-privacy model that will emerge, which protects data and let consumers control over their data.
- IoT objects standardization, systems, sensors and processes start as huge players in the industrial internet market converge to evolve industry standards.
- Intervention apps materialize as the advent of advanced analytics and smart sensors enable IoT apps to move far beyond simply monitoring.
As the IoT market matures, so will standards. Innovation and technology, via the growth of the internet and subsequent development of both open and proprietary standards, would help ready the market to take on the internet of things challenges and also pave the way for future innovation. The complexities would be deeper, but would also make the opportunity much greater.
Technology is moving towards an IoT based environment, and the implications seem robustly beneficial to people as well as the world. Accommodating human and worldly needs in real-time could give way for a more technologically aided and harmonious way of living.
THE PROS OF THE INTERNET OF THINGS
Each new technology faces millions of challenges in its initial stage. The IoT also poses some concerns. However, there are indeed benefits of the internet of things that people and businesses have partaken of since its inception. Some of these include:
1. Transportation. The internet of things simplifies and eases the whole process through introducing a monitory sensor, which helps track distance and time locations as well as other contributing factors.
2. Promotions. A lot of businesses use IoT for sending mobile promotions to frequent shoppers. This is done through keeping track of shopper history and interest. It uses location-based tracking of physical shoppers and those shopping over the web as well.
3. Inventory management. As managing fleet, inventory tracking and management is a major task as well. The internet of things is used for tagging radio frequency sensors for tracking products’ location in real time. It’s been instrumental in keeping tabs of the inventory level and stock it in advance, which make alerts for unforeseen stoppages, placing orders automatically and more.
4. Assessing web user intelligence. The internet of things is used by third party web data aggregators for a better understanding of the customer via tracking them on social media. This is necessary in identifying the major customers as well as their preferences.
5. Vending technology. IoT played a large role in boosting the working of vending machines, via enabling them to communicate in monitoring inventory levels, determine price and others.
6. Facilitates maintenance and warranty services. IoT enables product tracking. In turn, this helps in keeping track of products that need warranty or maintenance. Also, this helps in crisis moments such as thefts to track and place a product.
The internet of things see exponential growth since its inception. Moreover, it would continue to explode and become very prominent by 2020.
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