The large number of devices that are connected with the help of the internet is known as IoT or The Internet of Things. All the devices connected together can share and collect data. This has become possible due to the arrival of affordable computer chips and the large-scale availability of wireless networks. It is possible to convert anything, be it something small to something very big, into a unit of the IoT network. The connection of these various objects and adding sensors to them, adds a level of digital intelligence to devices that would otherwise not be considered smart, enabling them to communicate real-time data without involving a human being. The internet of things is enabling everyone to become more intelligent and efficient and is helping the physical and digital universe merge.
The Internet of Things (IoT) is an advanced system of connected devices, mechanized and digital machines, objects, or people that are provided with unique identifiers and can share data over a network seamlessly without the need for interaction between human-to-human or human-to-computer.
Two good examples of devices that can be considered as the Internet of Things include connected security systems, and lights in household and commercial environments that are linked to devices.
Systems that communicate over a cloud interface without the need for human interaction are considered as IoT systems. Once the data reaches the cloud, the built-in software processes it and then performs an action, that sends an alert or adjusts the sensors/devices without any need for the user to get involved.
A piece of hardware that uses a sensor to transmit data over a connected internet cloud interface is known as an IoT. The various types of IoT devices are wireless sensors, software, etc. They can be installed into mobiles, heavy industrial equipment, medical devices, and much more.
Just like how the primary purpose of Internet-enabled devices was to help people communicate with each and have access to online databases, the main purpose of Internet of things enabled devices is to help companies achieve their business goals by analyzing real-time data to gain insights.
Alexa is a very nice example of an internet-enabled or IoT device. It is a smart speaker that is connected to the internet and improves the customer experience for its users. The term “Internet of Things” can apply to any computing device that is connected to the internet or a wifi network and has the ability to collect and share data. Other popular IoT devices included are Google Home, smartwatches like the Samsung Watch, internet-enabled security monitors, etc.
2020 is an going to be an impactful year for IoT since all major components of the IoT model, like Sensors, Cloud Servers, Networks and Use cases/Applications will be hit with varying degrees of impact. It is estimated that due to their increase in implementation, by end of 2020, IoT is going to generate additional $344B in revenues, as well as reduce $177B in cost reductions.
Three popular applications of IoT are as follows:
IoT devices are connected to each other and collect and share data amongst their network. The internet is an entity that exists only in the digital universe. People can access it through internet-enabled devices likes mobiles, computers, etc.
It is a growing network of devices that are connected to each other through a network. They are able to collect and share data with the help of inbuilt sensors. Some popular examples of the internet of things devices are smart lights, smart wearables, smart baby monitors, etc.
The potential that IoT has, is very good. Artificial intelligence and networking advancements have led to increased industrial internet capabilities. Hyperscale industrial revolution can be achieved once IoT has the ability to automate, secure, and analyze diverse business functions.
An internet connection is not required for many IoT devices to function properly. But they do require a stable connection network to other devices in order to automate particular tasks and to give users the ability to interact with it via commands.
As per end-user satisfaction scores, AWS IoT is considered as the best IoT Platform globally. Its users vouch for its various IoT services, particularly, management of devices and its analytics. Microsoft Azure IoT is also another great platform with very good security features.
The methods of communications that ensure security of data transfer and collection IoT devices is known as protocols in IoT. An IP network is used to connect the IoT devices.
The term “IoT” was introduced by Mr. Ashton during his work at P&G in 1999. He was working in supply chain management, and while he was trying to optimize the supply chain, he came across an exciting new technology called RFID.
An IoT device will connect to other IoT devices, and collect and share data so that they can improve the comfort of their users. It is possible for this to scale up considerably because of the internet network infrastructure that is available today.
The underlying infrastructure needed for storing, processing, and managing IoT data in a single or multiple cloud service, is known as the IoT cloud platform.
Engati is a one-stop platform for delighted customers. With our intelligent bots, we help you create the smoothest of Customer Experiences. And now, we're even helping you answer your customers' most complicated questions in real-time with Engati Live Chat. So, let's get started?Get Started Free