The Internet of Things (IoT) is the network of connected devices (also known as "smart devices") and other items embedded with electronics, software, sensors, and network connectivity that enable these devices to exchange data.
The IoT allows devices to be sensed or controlled remotely across networks, creating opportunities for more integration of the physical world into computer-connected systems and resulting into revenue, improved accuracy and efficiency in addition also reduced human intervention.
According to Gartner, Inc., by 2020 there will be nearly 20.8 billion devices on the IoT (Internet of things). IoT devices will be used in nearly every field because of network embedded devices with limited CPU, memory and power resources. These IoT devices have sensors attached to them which generates a large amount of data which later on used by other platforms to predict and take action. IoT is a major role player in various platforms such as Smart City and Smart Energy Management Systems.
These IoT devices collect useful data with the help of various technologies and then autonomously flow the data between other devices. Home automation is one of the great examples of currently used IoT devices in the market, these smart automation systems do various jobs like controlling the lights, heaters (smart thermostat), ventilation, air conditioning systems and appliances such as washer/dryers, robotic vacuums, air purifiers, ovens, or refrigerators/freezers that use Wi-Fi for remote monitoring.
Future of IoT devices will not be limited to sensing things but could also be responsible for performing actions. For example, a smart baby care application which could monitor a specific baby's eating and sleeping habits in a home by sensing data from a smart bed and then notify the same parents on their smartphones.
IoT technology is expanding day by day, below are few common areas where IoT can be a good fit:
And so on. All have a common base.
As a part of our digital innovation program at JK Tech, our team has come across with IoT based Smart Supply Chain solution.
IoT devices and applications are based on hardware boards, sensors, cloud-based 3rd party services, etc., Organization should do a detailed analysis before setting up IoT solutions against all possible known technical challenges and use findings to form stable and robust IoT strategy. This should be used in the early stages of the application development life cycles of IoT applications. This will result into trustworthy IoT solutions building with customers.
To see the end-2-end demonstration of how to strategize and build an IoT solution, please visit one of our IoT webinars here IoT Platform – Business Transformation Launchpad.