What is the concept of the Internet of Things (IOT)?

What is the Internet of Things?

The Internet of Things, or IoT, encompasses billions of physical devices that are bound to the internet, all collecting and sharing data. It includes devices – from Smatphones, wearables to simple sensors all connected. It is now possible to turn almost anything, from something as small as a pill to something as big as an aeroplane, into a part of the IoT; all the credit goes to the arrival of extremely affordable computer chips and the universality of wireless networks. Adding sensors and connecting up all these different devices, adds a level of digital intelligence to these devices that would be otherwise dumb, enabling them to communicate real-time data without human interference.

The Internet of Things has made the fabric of the world around us smarter and more responsive, thereby, merging the digital and physical universes. Almost any physical object can be converted into an IoT device if it can be connected to the internet to be controlled or to communicate information. Even a simple device such as a lightbulb that can be operated by using a smartphone app is an IoT device, as is a smart thermostat in your office or a motion sensor.

The term IoT may be used for any device that would otherwise not be expected to have an internet connection, and that can communicate with the network independently without the help of human beings. For this very reason, neither a PC nor a smartphone is considered an IoT device even though the latter is crammed with sensors. However, as mentioned earlier, a fitness band or any other wearable device might be counted as an IoT.

What are the benefits of the Internet of Things for consumers?

The IoT promises to create our environment be it our homes or offices or vehicles – smarter, more measurable, and chattier. Smart speakers such as Google Home and Amazon’s Echo make it easier to set timers, play music, or get any sorts of information. Home security systems are making it easier to keep a watch on what’s going on inside and outside a premises, or even to see and talk to visitors. Meanwhile, smart thermostats can help us heat our homes before we arrive back, and smart lightbulbs can make it look like we’re home even when we’re out.

Looking beyond the home, sensors can also help us understand how noisy or polluted our environment might be. Self-driving cars and smart cities could change how we build and manage our public spaces.

However, we cannot forget that many of these innovations can have major implications on our personal privacy.

For consumers, a smart home is probably where they are likely to come into contact with internet-enabled things, and it is one area where the big tech companies (in particular Amazon, Google, and Apple) are competing hard. The most obvious of these are smart speakers like Google Home, but there are also smart lightbulbs, cameras, plugs, thermostats etc. But besides having these shiny, new gadgets for show off; there’s a more serious side to smart home applications. Smart devices may be able to help keep senior citizens independent and in their own homes longer by making it easier for their families or caretakers to communicate with them and monitor how they are getting on. A better understanding of how our homes operate, and the ability to tweak those settings, could help save energy – by cutting heating costs for example.

What are the benefits of the Internet of Things for business?

The benefits of the IoT for business depend on the particular implementation; agility and efficiency are usually top considerations. The idea is that enterprises should have access to more data about their own internal systems and products, thereby, having a greater ability to make the necessary changes required.

Manufacturers are adding sensors to the components of their products so that they can transmit data back about how they are performing. This can help companies detect a component that is likely to fail and to swap it out before it causes damage. Companies can also make their systems and their supply chains more efficient with the help of the data generated by these sensors as these data are usually quite accurate.

With the introduction of comprehensive, real-time data collection and analysis, production systems are expected to become significantly more responsive. 

Enterprise use of the IoT can be divided broadly into two segments: industry-specific offerings like sensors in a generating plant or real-time location devices for healthcare; and IoT devices that can be used in all industries, like smart air conditioning or security systems.

For manufacturers, projects to support asset management will be key; in transportation it will be freight monitoring and fleet management taking top priority. IoT spending in the utilities industry will be dominated by smart-grid projects for electricity, gas, and water.

According to the report published by Deloitte and Nasscom, The Internet of Things(IoT) market is expected to reach $ 9 billion by 2021. By the end of 2021 more than 1.9 billion devices are expected to be connected in India which leads to grow this market 31 times from the current market share of 5.6 last year.

Indian IoT market has huge potential and is expected to grow across industries in manufacturing, automotive, transportation and logistics. IoT is set to become a major differentiator in driving the next generation of services and products.

How can SBR Technologies help?

The Internet of Thing (IoT) is gaining popularity day-by-day and has attracted attention of practitioners as well as researchers. The main aim of IoT is to unify everything in the world including things, people, places and process under a common infrastructure to provide information and control of the state of objects around us. In the near future, IoT will transform real world objects into intelligent virtual objects. Enhance your business proficiency by automating processes and increase your RoI using Hi-end IoT application development with SBR Technologies, a digital marketing company in India . With an experience of 13 years, we help you to build apps to make things connected. SBR Technologies has a team of expert and experienced application developers who deliver Internet of Things products and applications that drive growth.