There has been a lot of talks around IoT. In this blog I wish to demystify IoT a little bit and share some facts and my understanding on this topic.
IoT is not about Internet of connected computers, rather it is about is an Internet of connected devices (or things) that broadcasts loads of data about devices—their interactions with their owners and with each other—that traditionally had little to no computing capacity, but now do.
So lets start with some Facts:
By 2020, there will be 28 times more sensor-enabled devices in existence than there are people in the world. Of those 212 billion enabled devices, 30 billion will be connected to networks and potentially to each other. These device include everything from cellphones to coffee makers, washing machines, headphones, lamps, wearable devices, and more. A device can also be a component of a machine, such as a jet engine of an airplane or the drill of an oil rig. These smart devices could respond to properties, such as vibration, chemicals, radio frequencies, environment, weather, humidity, light, etc.
So what value proposition will these sensor-enabled devices bring?
• Cars with on-board sensors can report back to manufacturers with information on the wear and tear of parts, indicate the cause of system failures and generate warranty notifications.
• Store shelves can connect with the supply chain when they’re running low on inventory of a certain product.
• Skyscrapers can send building managers information about how much electricity they’re using—and make suggestions for how to reduce it.
• Wearable monitors can alert doctors about the side effects of medications and provide patients with advice on how to manage their symptoms at home.
• Airplanes can connect with weather stations to help predict turbulence and avoid it during flights.
So what are the challenges and where is the “Real Opportunity” in IoT?
[Hint]: 90 percent of all data generated by devices such as smartphones, tablets, connected vehicles and appliances is never analyzed or acted on. Imagine the possibilities if that were increased to 20% or more.