Internet of Things (IoT)

How many objects do we have that is connected to internet? Answer to this about, a decade ago would be computers; Smartphone’s and tablets but today nearly everything around us — right from coffee pots to Smart TV to watches everything is able to interact, transfer data over a network without requiring human-to-human or human-to-computer interaction. This idea of Physical objects being connected to the internet is referred as The Internet of Things. Linking all objects in the world with tiny machine-readable identifiers could be huge makeover of daily life. For instance, business may no longer run out of stock much before any crises arises. One would be able to interact with objects and alter remotely based on immediate or present needs.  In next to no time, world will  soon be covered with billions of sensors, continuously monitoring ,captivating  the real time data from the real world and uploading it into the internet. The planet we live will be a place, where internet is always on. Every object living or non-living will be inhaling intelligent sensors all around. These interconnected sensors and devices will soon facilitate new insights, superior efficiency, and bring totally new Business Model unlike the conventional models used. This Internet of Things will indicate companies to alter business models, incorporate evolving technology, and use analytics to create and design new organizations. E.g. when you walk to the refrigerator, it not only tells what is stored in there, but also informs you what can be made out of that stuff, to the addition, it can tell you what is the perfect meal based on your diet program or depending on your mood or activity level. The term Internet of Things (IoT) was proposed by Kevin Ashton in 1999 more than a decade ago. This concept emerged from RFID technology that uses low-cost radio tags to identify objects in warehousing, distribution, and retail. Implanting these tags inside a physical object eliminates the need for humans to constantly enter and monitor data. Instead, objects can work directly with each other, without the need for a person to link them together.  According to Cisco, Internet of Everything will have an economic impact of over $14 trillion by 2022. GE says the “Industrial Internet” could add $15 trillion to the world economy over the next 20 years. The latest revision of Internet protocol from IPv4 to IPv6’s is important factor in the development of the Internet of Things. Research says, every device that connects to the Internet requires an IP address, and it has been predicted that by 2020 there will be 50 billion Internet-enabled devices in the world. This equates to more than six connected devices per person, based on an expected global population of 7.6 billion people.

The Internet of Things is a near-term and growing at an exponential rate. If it doesn’t already influence your life in a way you recognize, it soon will. The Internet of Things will automate many actions and thus the opportunities presented by the Internet of Things will be endless.

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About Author:

Mohini Bhandari is a consultant in Systems Plus Pvt. Ltd. Within Systems Plus, she actively contributes to the areas of Technology and Information Security. She can be contacted at mohini.b@spluspl.com