The Internet Of Things ( Iot )

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].

Some of the largest tech behemoths have recently joined together to make the Internet of Things a closer reality in all of our homes, cars and lives. The All Seen Alliance is seeing companies such as Cisco, Panasonic and sharp pledging to make their pipelines of new appliances and devices compatible with a networking system so machines can start

The reason why internet of things has become important and interesting topic for a lot of tech global companies such

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.

The IoT is shaping, progressively, the behaviors and the dynamics in and between companies, bringing with it a new set of challenges and plenty of inconvenience - especially when one considers

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 first trend that will have an enormous impact on businesses is rapidly evolving technology. According to the Institute for Global Futures, business and technology have fused, and it is imperative that organizations understand the changes in order to survive (Top Ten Trends, n.d.). It is no longer enough to simply keep up with technology. In today’s business environment, “continuous transformation” will be necessary in order to integrate new technology smoothly and quickly (Judah, 2017). One rapidly expanding technology involves the Internet of Things(IoT), where products with an on/off switch can communicate with each other over the internet. While this can be convenient, there can be security and privacy concerns. Therefore, a company must implement the changes with security in mind to protect its self and its customers. The

Although Wortmann and Fluchter (2015) highlights that this term becomes more popular than the past but there is no specific definition for it. In fact, Internet of Things changes from business-driven to life-oriented (Kim, 2011). It combines physical and digital components to create a new service to people. With Internet of Things, additional IT-based digital services is added to those primary physical functions, which not only reach the local basis but also to a global level ( Wortmann & Fluchter, 2015). Taking shopping as an example for the changes to people by IoT. It turns the shopping experiences from physical stores to online one. Products and services can be searched and delivered to customers in a minute. It also acts as a platform for people to explore new goods as well as seeking discounts. From this, Internet of Things not only provides a range of opportunities to business, but also enhances people’s living quality with an innovative and convenient

The Internet of Things (IoT) can possibly touch each part of our lives-from our bodies to our groups to our work spots to a completely associated world. It likewise guarantees to enhance our prosperity, raise our personal satisfaction, increment efficiency, and cultivate better participation and coordinated effort. IDC gauges that in 2020, there will be $8.9 trillion in IoT-related incomes.

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)