The Internet of Things (IOT)
The Internet of Things (IOT) is said to be the next new revolution after the mobile devices. IOT is simply a technology that allows the interconnection of billions of devices to each other so as to provide more intuitive insights. This works to help both individuals and companies revolutionize their data and make life better. According to Mayer-Schönberger & Cukier, (2013), “the Internet of Things envisions a self-configuring and adaptive complex system made out of networks of sensors and smart objects.” IOT has recently become a household name. As a matter of fact, as of 2015, IOT technology has started to be rolled out.
For instance the smart watches being rolled out be apple and other technology companies represent IOT. Based on Manyika et al., (2011), “ IOT covers all types of sensors, communication protocols, computational tools, techniques, devices, processors, embedded systems, data warehousing, big data, cloud computing, server farms, grid computing etc.” We can thus conclude that IOT is the most disruptive technology since the internet. It is expected that by the end of 2020, billions of objects will be connected to the internet through IOT.
There are several themes about IOT that are likely to shape businesses by the years 2020, the first one is the presence of intelligent systems. This includes machine to machine automation such as connected cars which are likely to be a big breakthrough in the near future. We also have platform to
This paper gives a clear understanding on the current state of art on the IoT. The primary idea of the IoT concept is the pervasive existence around us of a wide range of things such as Radio-Frequency Identification (RFID) tags, actuators, sensors, mobile phones, etc. These are able to communicate with each other and collaborate with their neighbors to reach collective goals through distinctive addressing scheme.
While IoT devices holds much promise, there are still many security issues that need to be addressed. These security issues can have a significant impact on everyday life, such as causing damage, disruption to business operations, and in some cases even loss of life. Having all your devices interconnected using IoT such as lighting, thermostats, doors, and elevators, seems convenient but in fact this poses a great security risk. If these risks are exploited it could disrupt power or lighting which could lead to a loss of life if it were something like a hospital. Addressing these security risks will lead to more efficient and safer to use IoT devices but companies will have to identify them in their devices first (Tankard, 2015).
GPS, drones, spying, and nuclear war are all capabilities of the everyday items around us. These “normal” devices such as an iPhone or computer are all part of an enormous web infrastructure called the internet of things (IOT). The internet of things is a link between the online world and the physical world through connected devices which can achieve physical accomplishments such as taking a pulse. The Internet of things was said to have been discovered in 1999 during a presentation at Procter and Gamble. When Business moguls were trying to find a way to make the internet profitable, they manufactured the term internet of things. Ironically, IOT tracked its usage of term online through “Google Trends”. According to Google, since 2004 IOT was
The world is getting smarter and better and so are the devices. With the improved technology, we can check our mails on our watch; control our home temperature through our smartphone and much more. The term Internet of Things is referred to any object or device which connects to the Internet to automatically send and/or receive data [1].
Although the internet of things has become an existed technology and visible, but a lot of searches are still required for improving all the weaknesses and answering all the users’ questions.
connecting to the Internet is TCP/IP stack (Haseeb, 2017). Many IoT solutions such as vehicle
As a business manager it is important to understand the growth of IoT’s, because utilizing an IoT in your business can provide you with information to carry what products customers are looking to purchase. This would enable a manager to stay ahead of the competition and make more sales, by only ordering what your customers are going to buy. The IoT could help a manager make more successful business decisions.
Today 's world, increasingly connected, is introducing a wide range of commercial elements in everyday objects, from cars to our barbecue grills. However, the reality of whether we are ready to embrace the concept of IoT and enjoy it to its fullest - from a revenue perspective - is quite different.
“In a few decades’ time, computers will be interwoven into almost every industrial product”, said computer scientist pioneer Karl Steinbuch in 1966. Steinbuch’s prediction couldn’t be closer to the truth. Today we see the “Internet of Things” (IoT), which is the concept that modern devices are provided with “unique identifiers and the ability to transfer data over a network without requiring any human-to-human or human-to-computer interaction” (Rouse, 2014). Wireless technologies, the internet, and various other types of computer networks have converged to form the IoTs as we know it. The Internet of Things is a complex technical and policy-related subject, and impacts everything from politics and the environment, to society and the economy.
The sudden growth in IT investment is linked with the growth of IOT and therefore naturally an era of increased investment comes with increased business opportunities. The following section describes some of the applications of the internet of things and the opportunities in which they will bring.
The Internet of Things (IoT) is changing how most industries do business and promises a significant return on investment (ROI) in operational efficiency, improved customer experience, risk mitigation, and enabling entirely new business models. The sheer volume of new devices on the network driven by IoT will evolve the scale and range of deploying devices and managing data. Further, recent advances for employing Artificial Intelligence (AI) and Machine Learning (ML) within IoT are creating many new opportunities to enhance data analysis and better decision-making. Although the notion of computing based on sensor data from things was not born yesterday, the meteoric rise of IoT has recently become practical because of smaller, faster,
The most significant features of IoT are its scalability and flexibility, mean to be the openness to future technology, ideas and extensions thus encompassing the upsize or downsize the
The Internet of Things is a complex, innovative system rooted in the idea of connectivity. Individual artifacts that transmit data and information amongst each other ensure a smooth and coherent experience based off their ability to communicate through internet connection, sharing the same network to create incomparable efficiency and convenience. The Internet of Things is constantly developing to work in new areas and scenarios, further securing its essentiality in the domain of the technological future
Many of the IoT applications will include monitoring devices reporting on different aspects of the system being monitored. For instance, many buildings and offices include occupancy, and temperature sensors. Vehicles could be equipped with monitoring devices reporting on locations, fuel consumption, etc. However, current IoT applications are domain specific, with no wider vision for reusing the data generated by devices in other applications or sharing them with other users in other domains. The Internet of Things is lacking a well-defined architecture that could help create a competitive marketplace of applications and solutions without locking any users into using a monolithic stack from a single solution provider.
The concept of the internet of things abbreviated as IoT was introduced as early as the late 90’s by Kevin Ashton, the Executive Director of Auto-ID Labs and a professor at Massachusetts Institute of Technology. Now, “the Internet of things is already a disruptive technology capable of determining fundamental changes that are happening in everyday life, and it is considered the fourth industrial revolution.” (Hucanu) The Internet of Things (IoT)