Internet of Things (IoT)

The Internet of Things is nothing but "A network of Interconnected devices able to collect and exchange data."

As the internet of things is a combination of two-word

1. internet
2. things

So lets fist see Internet - as we are using internet from the last couple of decades you all familiar with the word internet. but actually, the internet is nothing but this is a set of the network with is interconnected with other networks.

now coming to the second point Things - are those devices which are able to make a communication between to devices or server such devices are a desktop, laptop, smartphone, smart tv or other smart devices.

For example- we all using Google map for better traveling experience. so here google map guide you which path is better, how much time you required to reach your destination, better option and many more. so now if you go back in time when te=her is no internet nor you have any such device where you will able to figure it out what to do. internet act as my best friend or guide or teacher even almost everything.

Have put together 10 areas where IoT will have a major impact in the coming years. Take a look.

• Healthcare

In the field of healthcare million of IoT devices are implementing or even implemented the great thing about of those IoT devices are they are not only highly accurate also they are capable to communicate with other device or system. These connected devices will collect data, automate processes and more. The devices include wearables, gym equipment, and sensors at home, hospitals or at remote places through which real-time data will be sent to personal users and doctors to better monitor the state of one’s physical health.

• Retail

Supply chain and retail will prove to be a major market in IoT device usage. By providing valuable information to users in retail shops regarding a product fit, to what amount of product should be purchased for lesser wastage is what IoT products are expected to do. With Amazon’s Go already introduced into the market to forget the days where long queues take most of our time and foiling the shopping experience, we can expect IoT to help retailers and users both. Knowing what market demands are for retailers and what should be bought and from where for users will be easier. Products can be conveniently shipped to doorsteps as per the weekly and monthly user behavior.

• Homes

Almost all the electronic devices in the homes will get connected to the mobile or tablets to give you real-time data. Lighting fixtures, thermostats, mirrors, toasters, automation systems, music systems, televisions, security etc will get connected to the mobile app and can let you control these devices from remote places. Apart from providing real-time updates, these devices will be smart enough to perform tasks on their own over the time as per user behavior.

• Transportation

With millions of vehicles on land, in water and air, getting connected online will be the next big innovation in the transportation industry as this would reduce the traffic, provide location information on stolen vehicles and suggest an alternate route in order to avoid any delay or an unwanted happening through the data collected and analyzed. As per research, there will be 220 million connected cars on road by 2020.

• Media and Advertising

Target advertising will reach a new level entirely with IoT helping companies break free from ambiguous marketing activities. As per your past behavior in certain categories of hearing the news and going through headlines on online media, you won’t have to do anything when you enter your car to start commuting because your car music system will start reading you the news of your choice automatically. While surfing the internet, you will be shown relevant advertisements as per your needs or if any event of your choice is coming up.

• Smart Cities

The idea of connecting cities and buildings with IoT devices has been one of the best yet, as it would resolve the issues related to lighting (street as well complexes), water harvesting, electricity, traffic, pollution levels etc, with these smart devices being used only when required. As per the estimation, 75 million IoT devices will be shipped for IoT systems at 30% CAGR, from 36Bil$ in 2014 to $133bil in 2019. This investment will generate $421bil in economic value for cities worldwide in 2019.

• Manufacturing, Oil, Gas, and Mining

35% of manufacturers already use smart sensors and with the introduction of smart IoT devices, the overall cycle of producing products for the market will get quicker. This should increase the competition as though the real-time updates and data, it will be easier to maintain the product in case of after sale services. In the oil and mining industry, it is expected that 5.4 million IoT devices will be installed by 2020 which will help in gathering environmental metrics for the extraction processes.

• Construction

With the Introduction of IoT in the construction industry, it will be easier and more efficient to track materials used in construction, manage stock and maintain optimum inventory levels. Elon Musk has already introduced smart roof tiles based on solar energy to generate more power and are aesthetically appealing as well.

• Agriculture

IoT devices in agriculture will be installed in the soil to better manage and gather data in terms of acidity levels, temperature and variables that help in crop yields. It is estimated that 75million IoT devices will be in use till 2020.

• Hospitality

31% of hotels use next-generation door locks, 33% have remotely controllable devices in their rooms, and 16% have connected TVs as per the Lodging Technology survey conducted in 2015. These numbers will increase in the coming years and be connecting every operational electronic equipment present in the hotel rooms to serve clients and customers better will bring about a revolution in the industry.