The internet of things (IoT) is a computing concept that describes the idea of everyday physical objects being connected to the internet and being able to identify themselves to other devices. The IoT is becoming an increasingly growing topic of conversation both in the workplace and outside of it.
The new rule for the future is going to be, “Anything that can be connected will be connected.
Benefits for the Internet of Things
1. More data means better decisions
With added sensors, these devices can collect a large amount of data in many different areas. A greater flow of information means that the company behind the device can analyze large trends in the data to better improve the features of the device.
2. Ability to track and monitor things
As well as tracking data for a company to use, it also greatly benefits the user. These devices would have the ability to keep an eye out on the current quality of goods at home. Knowing the state of your items will allow a homeowner to know when they need to replace an item, without them having to consistently check the quality themselves.
3. Lighten the workload with automation
Having a device doing most of the work for you means that you can save more time and cost. This greatly reduces human efforts. It also results in devices being created that need little to no human intervention, allowing them to operate entirely on their own.
Imagine a world in which you can tell your phone you’re leaving work, and your washing machine automatically starts the laundry at home so that it’s ready for the dryer when you arrive.
Or your oven begins preheating so that you can pop a pizza in when you get home. Or, on cold days, your car automatically starting and warming up for your drive home. Imagine coming home from the grocery store, and your hands are full.
No worries! The camera above your door has recognized you, and your door was unlocked and is already swinging open for your convenience.
4. Increases efficiency by saving money and resources
As well as saving time for the device owner, it can also result in cost savings. As you can see, connected devices can provide many useful implementations. The IoT system encourages machine to machine (M2M) communication resulting in increased long term efficiency for both the company and user.
5. Better quality of life
In the end, all the benefits lead to an increased quality of life. There is no doubting that people are generally getting busier as the years go by. With so many devices being created and new technology being implemented, it’s hard to keep track of everything.
It’s great to be able to do the things you enjoy and have a computer take care of the mundane things you know need to be done.
Some other Benefits include
- Single point for adapting protocols and data models for gathering the information and managing the communications.
- Easiness for adding new business applications through common interfaces
- Creates common best-practices for IoT solutions, especially in defining protocols and deployment processes
- Scale connectivity and data floods separately from the rest of the organization, allowing for the other application to keep running
- Adapt to existing workflows through state-of-the-art integration mechanisms
- Unify Device Management capabilities, simplifying corporate management
- Separate raw data from business data, dedicating a BigData common for all the businesses
- Add common IoT functionalities, like threshold detection, to all applications, implementing only once
- Secures connectivity with devices in a separate layer, simplifying
- Centralises and reduces the knowledge and task force required to operate and maintain device and connectivity issues
Let’s look at some categories for IoT-related applications:
Category one encompasses the idea of millions of heterogeneous “aware” and interconnected devices with unique IDs interacting with other machines/objects, infrastructure, and the physical environment.
In this category, the IoT largely plays a remote track, command, control, and route (TCC&R) role. As with all aspects of the IoT, safety and security are paramount.
These applications are not about data mining of people’s behaviors (along the lines of “big brother watching”) but rather they extend the automation and machine-to-machine (M2M), machine-to-infrastructure (M2I) and machine-to-nature (M2N) communications that can help simplify people’s lives.
The second category is all about leveraging the data that gets collected by the end nodes (smart devices with sensing and connectivity capability) and data mining for trends and behaviors that can generate useful marketing information to create additional commerce.
Credit card companies and membership shopping clubs already track and use people’s behavior, to an extent, to come up with offers that may promote incremental sales.
Now, the question is how far will this data mining go? Use cases could include a store tracking which aisles you visited, where you spent the most time within those aisles and even what type of items you lifted and browsed.
This scenario is easily possible using a mobile phone’s GPS capability, RFID and smart tags in stores and wireless tags.
The result could be as simple as providing email offers or “push” services at the point of sale. Or, it could go further, with your car insurance company tracking your driving habits and places traveled to assign risk factors that help determine your monthly premium, for example.
You can see how this category can become a slippery slope and how the IoT can enable data collection in every aspect of one’s everyday life and assign a “category” to a person with pleasant or unpleasant consequences.
When others become aware of the context associated with an entity, a person or a group (hence, knowing identity, location, activity and time), to what extent can that data be used, and to what extent should the entity, person or group have a say in how that data gets used?
This second category, especially, spurs discussions about privacy, security, governance and the social responsibility that comes along with such a “self-aware,” connected world.
Security is one of the biggest issues with the IoT. These sensors are collecting in many cases extremely sensitive data – what you say and do in your own home, for example.
Keeping that security is vital to consumer trust. There is still a lot of untapped potential in the internet of things.
For the technology to reach its true potential, all devices would need to be able to communicate with each other, regardless of the company or brand they belong to.
The Internet of Things is much more than just a lingering buzzword. It’s the transformation of how all companies do business through the use of connected devices.
While it still faces numerous challenges, security being the chief concern, the future of IoT looks bright and businesses investing in and implementing this technology now stand to profit the most.
If your company lacks the tech team or expertise needed to begin incorporating the Internet of Things into your business initiatives, we are your team.
We can connect you with the IoT talent you need to start benefitting from the enhanced data collection and analysis, increased productivity and efficiency, and exclusive insights this tech provides.
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