What is IoT technology?
The Internet of Things, or IoT, refers to the billions of physical devices around the world that are now connected to the internet, collecting and sharing data. Thanks to cheap processors and wireless networks, it’s possible to turn anything, from a pill to an airplane, into part of the IoT. This adds a level of digital intelligence to devices that would be otherwise dumb, enabling them to communicate without a human being involved, and merging the digital and physical worlds.d.
IoT Extends Internet Connectivity
The Internet of Things extends internet connectivity beyond traditional devices like desktop and laptop computers, smartphones and tablets to a diverse range of devices and everyday things that utilize embedded technology to communicate and interact with the external environment, all via the Internet.
How big is the Internet of Things?
Big and getting bigger — there are already more connected things than people in the world. Analyst Gartner calculates that around 8.4 billion IoT devices were in use in 2017, up 31 percent from 2016, and this will likely reach 20.4 billion by 2020. Total spending on IoT endpoints and services will reach almost $2tn in 2017, with two-thirds of those devices found in China, North America, and Western Europe, said Gartner.
Out of that 8.4 billion devices, more than half will be consumer products like smart TVs and smart speakers. The most-used enterprise IoT devices will be smart electric meters and commercial security cameras, according to Gartner.
Real World Applications of IoT:
1. Smart Home
With IoT creating the buzz, ‘Smart Home’ is the most searched IoT associated feature on Google. But, what is a Smart Home?
Wouldn’t you love if you could switch on the air conditioning before reaching home or switch off lights even after you have left home? Or unlock the doors to friends for temporary access even when you are not at home. Don’t be surprised with IoT taking shape companies are building products to make your life simpler and convenient.
Smart Home has become the revolutionary ladder of success in the residential spaces and it is predicted Smart homes will become as common as smartphones.
The cost of owning a house is the biggest expense in a homeowner’s life. Smart Home products are promised to save time, energy and money. With Smart home companies like Nest, Ecobee, Ring, and August, to name a few, will become household brands and are planning to deliver a never seen before experience.
Wearables have experienced an explosive demand in markets all over the world. Companies like Google, Samsung have invested heavily in building such devices. But, how do they work?
Wearable devices are installed with sensors and software which collect data and information about the users. This data is later pre-processed to extract essential insights about a user.
These devices broadly cover fitness, health and entertainment requirements. The pre-requisite from the internet of things technology for wearable applications is to be highly energy efficient or ultra-low power and small sized.
Here are some top examples of wearable IoT devices that fulfill these requirements.
3. Smart Cities
The smart city is another powerful application of IoT generating curiosity among the world’s population. Smart surveillance, automated transportation, smarter energy management systems, water distribution, urban security and environmental monitoring all are examples of an internet of things applications for smart cities.
IoT will solve major problems faced by the people living in cities like pollution, traffic congestion and the shortage of energy supplies etc. Products like cellular communication enabled Smart Belly trash will send alerts to municipal services when a bin needs to be emptied.
By installing sensors and using web applications, citizens can find free available parking slots across the city. Also, the sensors can detect meter tampering issues, general malfunctions and any installation issues in the electricity system.