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What is the Internet of Things (IoT)?

What is the Internet of Things (IoT)?

Introduction: What is IoT? 

The Internet of Things (IoT) is a term that is becoming more and more popular as time goes on. But what exactly is it, and what implications does it have for our lives? In this blog post, we’ll take a look at what the Internet of Things is, how it works, and some of the potential benefits involved.

The Internet of Things (IoT) is a network of physical objects connected to the internet and can collect and exchange data. This data can be used to monitor and control the objects and automate processes and tasks, reducing the need for human intervention. 

In other words, the IoT is a way of connecting devices and objects to the internet so that they can communicate with each other. An IoT device can be anything from simple sensor technology to more complex devices like connected cars or smart appliances. You can already find connected physical devices in a variety of settings, including homes, businesses, factories, hospitals, and more. 

Source: YouTube

Why is the Internet of Things (IoT) so important?

The Internet of Things (IoT) is important because it has the potential to change the way we live, work, and play. As device communication continues to increase, we’re seeing a shift from traditional offline interactions to digital ones. And this shift is only going to continue as the IoT grows. Very soon, IoT will connect most of our everyday objects to the Internet Protocol and be capable of exchanging data.

IoT can help cities, power grids, and companies.. etc, to identify opportunities, automate processes, drive efficiencies, and reduce their costs. IoT can also help reduce waste associated with cities, power grids, and manufacturing and help us lead sustainable lives. 

This has several implications for our lives. For one, it means that we’ll have more information available to us than ever before. We’ll also be able to track and monitor our activities in ways that were not previously possible. IoT will help companies reduce cost while improving production which will in turn help customers purchase goods at lower cost.

IEEE Systems Journal

A great resource for all things IoT is IEEE Systems Journal, a peer-reviewed, technical journal that covers the field of systems science and engineering. The journal publishes original papers, reviews, case studies, and more. In recent years, the IEEE systems journal has published a number of articles related to IoT, including “A Survey of Industrial Internet of Things.”

There is also the Network World, which is an online community for IT professionals. The site offers a variety of resources, including blogs, news, and how-to articles. Network World also offers a variety of webinars on topics related to IoT. These webinars are led by industry experts and provide valuable insights into the world of IoT.

What technologies have made IoT possible?

The Internet of Things is just now starting to become a reality, but not for lack of interest or effort. A number of different technologies have been developed over the years that have made IoT possible. Other than the Internet Protocol itself, these include:

  • Event Queuing
  • Ambient Intelligence
  • Connectivity to Cloud Services
  • Smart grids
  • Access network
  • Remote Control and Autonomous control

Event Queuing

Event queuing is a way of organizing and managing data so that it can be processed in a timely manner. Oftentimes data needs to be processed quickly in order to be useful. For example, if you’re monitoring your heart rate with a wearable device for event queuing, you’ll want the data to be sent to your doctor as soon as possible so that they can take action if necessary.

Ambient Intelligence

Ambient intelligence is a term that refers to the ability of devices to detect and respond to their surroundings. It can automatically turn lights off when there’s no one in the room or adjust the thermostat based on the number of people in the house. Ambient intelligence is important for IoT because it allows devices to interact with their surroundings without human intervention. We also need ambient intelligence for things like automated driving, as it allows cars to sense and respond to their surroundings.

Connectivity to Cloud Services

In order for devices to be able to exchange data, they need to be connected to the internet. And in order for them to be connected to the internet, they need some connectivity to cloud services. They provide a way for devices to connect to the internet and exchange data.

Data aggregation systems like Amazon Web Services (AWS) IoT are examples of cloud services that devices can use to connect to the internet. These platforms provide a way for devices to send and receive data, as well as to interact with other devices.

Smart grids

The smart grid is a new type of electrical grid that leverages IoT to improve efficiency and reliability. With the smart grid, businesses can use IoT data to track the flow of electricity, optimizing the distribution of power. 

Also Read: AI and Power Grids.

Access network

An access network is a type of network that connects devices to the internet. There are many different types of access networks, but the most common are wired and wireless connectivity. In the world of IoT, the access network is the foundation on which everything is built. Without an access network, devices would not be able to communicate with each other or with the internet. 

Remote Control and Autonomous control

In order for devices to be able to interact with each other, they need some way to communicate. This communication can be either remote control or autonomous control. A remote control is when a human controls the device from a distance. Autonomous control is when the device is able to independently control itself.

Machine learning and analytics

Businesses can collect insights faster and more easily with the combination of advances in artificial intelligence, machine learning, analytics, and access to a vast amount of data in the cloud. As these technologies emerge, they continue to push the boundaries of IoT and the data collected.

Conversational artificial intelligence (AI) 

Natural-language processing (NLP) has been enhanced with advancements in neural networks to be incorporated into IoT devices (including digital personal assistants such as Alexa, Cortana, and Siri) and is more appealing, affordable, and useful for the average person.

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What is industrial IoT?

We’ve gone over IoT in the residential setting, but what about industrial settings? Industrial IoT (IIoT) is the application of IoT technology in an industrial environment. These industries include factories, warehouses, mines, and more. Industrial IoT can be used to improve efficiency and productivity and create new business models and revenue streams.

The industrial internet of things (IIoT) is the use of data, sensors and actuators to improve manufacturing and industrial processes. With the help of IIoT you can reduce the risk profile in manufacturing by monitoring data at every step of the process. Industrial IoT helps with the following – 

  • Smart manufacturing
  • Connected assets
  • Preventive and predictive maintenance
  • Smart power grids,
  • Smart cities 
  • Supply chain
  • Smart logistics. 

By collecting data from connected devices and using that data to create new insights, businesses can develop innovative new offerings that enhance customer experience.

Source: YouTube

Unlock business value with IoT

Data defines the modern business landscape. Businesses that can collect and analyze data effectively have a major competitive advantage over those that cannot. And the IoT provides a unique opportunity for businesses to collect data at an unprecedented scale. 

Business-ready, SaaS IoT Applications

In addition to the data and insights that businesses can collect from IoT devices, there is also a growing ecosystem of business-ready, SaaS IoT applications. Software-Defined Networking (SDN), for example, is a system that can be used to manage and monitor IoT devices.

Simply put, Software Defined Networking (SDN) is a network architecture that allows businesses to centrally manage and remote control their networks.

What are some ways IoT applications are deployed?

IoT applications can be deployed in a number of different ways. The most common deployment methods are:

  • On-premises: IoT applications are installed on local servers and managed by IT staff.
  • Cloud-based: IoT cloud applications are hosted in the cloud and accessed via internet connectivity.
  • Hybrid: IoT applications are deployed both on-premises and in the cloud.

The best deployment method for your business will depend on a number of factors, such as budget, IT resources, and data security concerns.

Improve the tracking and “ring-fencing” of physical assets with IoT.

One of the most common uses for IoT is asset tracking. By tagging assets with RFID tags or GPS trackers, businesses can keep track of their location and movements in real-time. This data can be used to improve the efficiency of asset utilization and prevent loss or theft. 

Asset tracking is often used in conjunction with other cloud applications, such as fleet management, inventory control, and maintenance schedule. 

We should also mention the smart grids. The smart grid is a new type of electrical grid that leverages IoT to improve efficiency and reliability. With the smart grid, businesses can use IoT data to track the flow of electricity, optimizing the distribution of power.

Use wearables to monitor human health analytics and environmental conditions.

Wearable technology is another type of connected device that is often used in IoT applications. Wearables are small, lightweight devices that humans can wear on the body. They are often used to track fitness data, such as steps taken, heart rate, and calories burned. However, they can also be used to monitor other health metrics, such as blood pressure and blood sugar levels.

In an industrial setting, wearables can be used to monitor environmental conditions, such as temperature and humidity. They can also be used to track workers’ exposure to hazardous materials. By monitoring these conditions in real-time, businesses can take proactive steps to protect the health and safety of their employees.

Drive efficiencies and new possibilities in existing processes with IoT.

In the supply chain, businesses can use IoT to track inventory levels and the movement of goods. This data can be used to optimize stock levels, as well as to predict delays and disruptions. In manufacturing, businesses can use IoT to monitor equipment for maintenance purposes. This data can be used to improve the efficiency of production, as well as to reduce downtime.

Enable business process changes with IoT.

Finally, businesses can use IoT to enable entirely new business models and processes. For example, businesses can use IoT data to offer pay-as-you-go insurance plans. They can also use IoT data to provide predictive maintenance services. By leveraging the power of IoT, businesses can create entirely new sources of revenue and competitive advantage.

What industries can benefit from IoT?

As you can see, there is a wide range of potential cloud applications. However, not all industries will benefit from IoT in the same way. Here are the industries that are most likely to benefit from IoT:

Healthcare

The healthcare industry is under immense pressure to improve patient outcomes and reduce costs. The interaction of devices can play a role in achieving these goals. For example, hospitals can use IoT data to track the movement of patients and staff. This data can be used to optimize the flow of traffic, as well as to identify potential bottlenecks. 

Retail

Another industry that is likely to benefit from the interaction of devices in retail. Retailers can use IoT data to track the movement of goods through their supply chain. Using IoT, businesses can now optimize inventory levels, as well as predict delays and disruptions. With this data, they can improve the layout of stores, as well as identify potential areas of improvement. 

Also Read: 6 Best Examples of IoT in the Retail Industry.

Farming

Farming is another industry that can benefit from the interaction of smart devices. Farming techniques are constantly evolving, and IoT can help farmers stay ahead of the curve. Farmers can use IoT data to track the condition of their crops. With IoT, they can optimize irrigation and fertilization, as well as predict yields. They can also monitor the health and productivity of their livestock. 

Source: YouTube

Also Read: Smart Farming using AI and IoT.

Transportation

The transportation industry, which includes everything from logistics to automotive, is under immense pressure to improve efficiency and reduce costs. Internet connectivity can play a role in achieving these goals. When it comes to logistics, businesses can use IoT data to track the movement of goods through the supply chain.

Source: YouTube

How is IoT changing the world?

Connected cars.

IoT is changing the world in a number of ways. One of the most significant ways is through connected cars. You’ve likely heard of Tesla, one of the most well-known companies in the space. Have you ever wondered how their self-driving cars work? The answer is connected cars.

Autonomous driving is possible thanks to cars equipped with motion sensors and other devices that allow them to collect data about their surroundings. Sensor technology data is then transmitted to the cloud, which is processed and analyzed. The data is used to create a map of the car’s surroundings. The car’s computer is powered by artificial intelligence and uses this map to navigate.

Autonomous driving is still in its early stages of development. However, they are expected to have a major impact on the world. Imagine ride-sharing services that can pick you up and drop you off without the need for a driver. Or imagine a world where traffic jams are a thing of the past because communication between devices like cars can avoid congestion. Connected cars have the potential to change the way we live and work.

Also Read: AI and Autonomous Driving.

Transportation and Logistics

A variety of IoT-enabled applications are being used in the transportation and logistical industries. It is possible to reroute fleets of trucks, cars, ships, and trains that are carrying inventory based on the weather conditions, vehicle availability, or driver availability, using IoT sensor data. It is also possible to be able to equip the inventory directly with tracking and tracing/temperature-control sensors. There are often temperature-sensitive products in industries such as food and beverage, flowers, and pharmaceuticals that would greatly benefit from IoT sensor applications that could alert the companies when temperatures rise or fall to a level that threatens the safety of the product.

Connected homes

In addition to autonomous driving, IoT is also changing the way we interact with our homes. Smart homes are becoming more and more common. These homes are equipped with smart devices that can be controlled remotely. For example, you can use your smartphone to turn on the lights, adjust the thermostat, or even unlock the front door.

Smart homes are convenient, but they also offer a number of other benefits. They can help you save energy because you can control your smart objects remotely. You can also use smart home devices to improve your security systems. For example, you can receive alerts if a window is broken or someone enters your home.

Retail

It’s no secret that IoT applications can make retail companies more efficient in terms of managing inventory, improving customer experience, optimizing supply chain, and reducing operational costs. If you are using smart shelves, for instance, you can attach RFID-based sensors to the shelves to collect weight data and then send that information to the IoT platform to enable the platform to automatically monitor inventory and send alerts when items are running low on stock. To provide an engaging and personalized experience, beacons can push targeted offers and promotions to customers.

Public Sector

Public sector and other service-related environments can also reap the benefits of the Internet of Things (IoT). A good example is the ability of government-owned utilities to use IoT-based applications to notify users of outages, whether it be a mass outage or a smaller interruption in water, power, or sewer service. In this age of Internet of Things applications, utilities can collect data concerning the extent of an outage and deploy resources in order to speed up their recovery from outages.

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Conclusion: 

With the help of low-cost computing, the cloud, big data, analytics, and mobile technologies, physical IoT sensors have the ability to actively share and collect data with minimal human intervention. It is inevitable that digital systems can record, monitor, and adjust each interaction between the things in this hyperconnected world. The physical and the digital interact with one another, and they help each other along the way.

IoT is going to be part of an eco-system that will transform our everyday lives for good. We are living in exciting times and observing these changes brought in by IoT, AI and Robotics.

 

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