IoT Making Lives Smooth as Butter.
Communication had been a very integral part of human civilization since ages. Earlier human used to communicate with other humans to convey message or notify danger. Now with the involvement of internet in our lives, we started communicating with machines, devices and gadgets all around us. The devices or machines around us can work without any human input or involvement because they are programmed to do a specific task. So with just a click of a button it can complete tasks according to our need.
What is Internet of Things(IoT)?
Kevin Ashton in 1999 coined the term ‘Internet of Things (IoT)’ which is a network of sensors, devices, vehicles and home appliances. IoT is built on hardware, software, actuators, connectivity, logic and capability to exchange information over the internet, which we can monitor and control. Application of IoT in business and manufacturing is known as machine-to-machine (M2M) connectivity.
Spot the IoT around you!
IoT is omnipresent. It is present almost everywhere you visit. Starting from your home to your office to malls. In our homes we can make it smart just like our phones. You can have a desired temperature at your home before you arrive or you switch on your geyser to take a refreshing bath while you are your way to your home. In manufacturing sectors, IoT is being widely used such machine uptime monitoring provides manufacturers the equipment uptime/downtime data. This data helps in calculating the OEA (Overall Equipment Availability). Actually, the technologies and system necessary to make IoT effective are available today. The big difference exists where such a swift fall in the prices of the technology that will make it affordable in dynamic ways. This is what will create new opportunities and transform the existing ones for all the IoT providers.
Presence of IoT in India.
A number of IoT startups in India (roughly 70%) have emerged a few years back only. Healthcare and manufacturing are popular verticals attracting a lot of investors interests. The industry is also seeing the growth of segments like smart lifestyle, connected homes, connected building etc which are quite new concepts. Market forces like cloud computing and analytics are the key of IoT. There are several factors too that contribute to its growth like increases mobility, the evolution of smarter lifestyle, improvised decision making, data analysis etc. India has more than 100 smart cities initiatives planned. The focus is to enable seamless communication not only among-st humans between machine to machine and machines to humans.
Future is bright.
The future of IoT has the potential to be limitless. Advances to the industrial internet will be accelerated through increased network agility, integrated artificial intelligence (AI) and the capacity to deploy, automate, orchestrate and secure diverse use cases at hyper scale. The potential is not just enabling billions of devices simultaneously but leveraging the huge volumes of actionable data which can automate diverse process. As networks and IoT platforms evolve to overcome these challenges, through increased capacity and AI, service providers will edge furthermore into IT and web scale markets – opening entire new streams of revenue.