What is the (IOT)?

Internet of Things IoT

IoT, an increasingly growing topic of conversation in the workplace may be alien for a simple person. This concept has the potential to impact not only the way we live but also the way we work. There are a lot of complexities involved in the internet of things but if we stick to the basics, IoT refers to the connection of devices such as cars, kitchen appliances, and even heart monitors to the internet.

For new learners, following is the guide to help understand IoT and its possible implications in the real world.

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Terms and Basic Definitions

  • Internet of Things: With the help of embedded sensors, IoT a network of internet connected objects capable of collecting and exchanging data.
  • Internet of Things device: This caters to any stand-alone internet device that can be regulated from a distant place.
  • Internet of Things ecosystem: This involves all the mechanisms that enable government, businesses, as well as consumers to connect with IoT devices such as dashboards, remotes, gateways, networks, security, data storage, and analytics.
  • Entity: This takes governments, consumers, and businesses into account.
  • Physical Layer: This involves the hardware that creates IoT devices such as sensors and networking kit.
  • Network Layer: This layer is accountable for diffusing the data collected by the physical layer.
  • Application Layer: Protocols and interfaces that are used by devices to identify and communicate with each other are taken into account by the application layer.
  • Remotes: Their work is to allow objects that utilize IoT devices to connect with and regulate them with the help of a dashboard such as mobile application. Smartphones, smart watches, PCs, tablets, nontraditional remotes, and connected TVs all come under Remotes.
  • Dashboard: IoT ecosystem’s information is displayed to users under this system which allows them to control their IoT ecosystem. It is usually stored on a remote.
  • Analytics:  It is a software system that helps to examine the data produced by IoT devices.
  • Networks: It is an internet communication layer that permits the entity to connect with their device or even aid devices to communicate with other devices.

IoT Predictions, Trends, and Markets:

According to researchers, more than 24 billion IoT devices will be present on earth by 2020 making up to four devices for every single person. After approaching that point, $6 billion will flow into IoT solutions involving application development, system integration, device hardware, data storage, connectivity, as well as security. By 2025, all these kinds of investments will be able to generate $13 trillion. Three major entities that will practice IoT ecosystem include governments, consumers, and businesses. The industry section is given below

IoT Industries:

Under these three sections of consumers, governments, and businesses following environments will also attain benefits. These include manufacturing, transportation defense, agriculture, infrastructure, retail, logistics, banks, insurance, oil, gas, mining, food services, connected homes, smart buildings, utilities, healthcare, and hospitality.

IoT Companies:

There are a lot of companies connected to internet of things and more are expected to become a part of this system. But companies that are currently make a name in the IoT system include

Honeywell (HON) Hitachi Comcast (CMCSA) T-Mobile (TMUS)
GE (GE) Amazon (AM ZN) Google (GOOGL) Texas Instruments (TXN)
Garmin (GRMN) Control4 (CTRL) InterDigital (IDCC) Nimble Storage (NMBL)
AT&T (T) Skywords (SWKS) Iridium Communication (IRDM) PTC (PTC)
Blackrock (BLK) Silicon Laboratories (SLAB) Ruckus Wireless (RKUS) Silver Spring Networks (SSNI)
Cisco (CSCO) Apple (AAPL) Ambarella (AMBA) Fitbit (FIT)
InvenSense (INVN) CalAmp (CAMP) Linear Technology (LLTC) Zebra Technologies (ZBRA)
IBM (IBM) Sierra Wireless (SWIR) ARM Holding (ARMH) ORBCOMM (ORBC)
Microsoft (MSFT) Red Hat (RHT) Arrow Electronics (ARW) LogMeIn (LOGM)

IoT Platforms:

Following are the leading IoT platforms

  •  Amazon Web Services
  • ThingWorx IoT Platform
  • Microsoft Azure
  • IBM Watson
  • Salesforce IoT Cloud
  • GE Predix
  • Oracle Integrated Cloud
  • Cisco IoT Cloud Connect

IoT Security and Privacy:

With the increasing trend of IoT, security and privacy have become a major concern for businesses as well as consumers. Among enterprises, protection of important information has become a major task. With the growing threats of data breaches, there are a lot of risks involved with eth connected devices. Major tech companies are paying more attention to cyber security to secure the information on all levels.

Via Business Insider

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