Thanks to the Internet, we are experiencing a continuous source of innovation in the way products and services are perceived by us. We are at the brink of 5G technology where bigger, better and faster services have become the need of the day. As a result, customers now demand customization to be a part of their regular lives which gives rise to the concept of the Internet of Things (IoT). We now explain, what is Internet of Things? We also look into the advantages of IoT in the decade of 2020.
Internet of Things is a system in which machines and devices interact together through internet, to give a connected experience to users. All these physical devices are either available through networks or cloud-based platforms. work together in real-time to get valuable exchange of information so that users get the maximum out of their tasks/routine/assignments. And how do they really communicate? – Yup, you guessed it right: through the Internet.
Start the day as smoothly as possible
Imagine this scenario – what if we come to a point of customizing literally our entire routine? You wake up to your alarm in the morning and your coffee is already brewed by the time you walk in the kitchen and toasts are perfectly toasted.
You open the tap to a perfect temperature of water as per your preference. You get dressed and your car is revved up to take you to office. Before you close the door, the lights are automatically off and you’re good to go.
This is just the start of your day but it sounds perfect, doesn’t it? That’s the power of IoT which seamlessly works at the back to ensure that all the devices intermittently work together as per your customized behavior.
Now take it a notch further where you don’t have to program the devices to your whim. In fact, they collect enough data about your behavior to have enough information on what you need and when is it required. It opens up a whole lot of possibilities, thanks to IoT.
Complete Digital Transformation
As part of the Software Development Services, a lot of companies now want to facilitate users in having a true digital experience. This means allowing multiple operations to follow up with proper data and analytics.
So, this way users don’t even need to program their choices as devices are smart enough to interpret data and act accordingly. We already have the example of IoT connected devices such as smartwatches to RFID inventory tracking chips.
The concept of IoT is gaining immense popularity because a lot of industries are adapting and incorporating it in their businesses including traffic, weather, automobiles, aviation, travel, etc. to name a few.
Higher Output, Lesser Waste
The biggest promise behind IoT services is that it allows automation of operations so that the wait around-time between stages is minimal. Devices work together to ensure that the output is maximized.
Use this discipline even in manufacturing to ensure that all devices work together in real-time. So that the waste of one device is automatically interpreted by another. The unit is informed of any critical error before time, to decrease the risk.
This can also ensure that companies can even pre-empt any unforeseen risks. Data is transferred between devices in real-time as same information is analyzed to make better informed decisions for the next step or the succeeding future.
Mesh of Technologies
A few technologies team up to make IoT a possibility. These include AI and Big Data – the two powerful forces that have constantly reshaped our world in making our perception of reality stronger and empowered.
Artificial Intelligence is not just about robotics but embedding the technology even in devices to make them smarter. For example, our mobile phones and digital watches can help us streamline our daily routine for higher efficiency, all because they help us time our tasks.
These digital gadgets let us know the number of steps we walk daily (so we can analyze the amount of exercise we need), and the calories we have consumed. These digital companions can also inform us of the total time we have spent on social media, so we can know how much of our time is spent without really doing something useful. These can also make us aware of the last book we have read and recommend the next on the basis of our previous choice etc.
Technologies Work Together for Bigger Picture
AI and Big Data combined make sure that devices work together for higher individual productivity and then same can be applied for a business. Imagine, that power once businesses integrate together for a higher reach allowing expansion of IoT services offered to users.
For example, travel companies can use individual consumer data to evaluate how users of a certain region plan their vacations during holiday season. Then same information is also provided to airlines. So that they can provide concessional rates to frequent flyers on those specific destinations.
This is one random idea but IoT solutions are plenty and will be dictating how consumers react to the existing products and services that are currently launched in the market.
The primary advantages of IoT technology are immense including standardization, transformation, aggregation and correlation of information that leads to deeper and more profound solutions.
Internet of Things FAQs
What is Internet of Things in simple words?
Internet of Things (IoT) is the technology through which various devices, connected through the Internet or cloud-based platform, exchange information in real-time to give users a more seamless experience of various operations.
Who invented IoT?
The concept of IoT has been prevalent since 1830s. However, the term "Internet of Things" was coined by entrepreneur Kevin Ashton who is one of the founders of the Auto-ID Center at MIT. Ashton was part of a team that discovered how to link objects to the internet through an RFID tag. He first used the phrase “Internet of Things” in a 1999 presentation. The term and its acronym "IoT" have stuck around ever since.
What are the benefits of Internet of Things?
Some of the key benefits of Internet of Things include: easy access to data and information even remote from your location in real-time, with cost-effective solution that is dependable. Through the use of IoT, you get automated solution with higher complexity and more security with lesser intervention of manual input.
What is the goal of the Internet of Things?
The goal behind the Internet of Things is to have devices that self-report in real-time, improving efficiency and bringing important information to the surface more quickly than a system depending on human intervention.
What are examples of IoT devices?
Consumer connected IoT devices include smart TVs, smart speakers, toys, wearables and smart appliances. Smart meters, commercial security systems and smart city technologies - such as those used to monitor traffic and weather conditions - are examples of industrial and enterprise IoT devices.
In today’s world, companies cannot afford to work in isolation and do without modern technology incorporated with their business. Higher business insights lead to better decision-making which in turn results in higher ROI for companies.
This chain reaction effect is the reason majority of companies are now shifting their focus on developing products and services that have the capability of being integrated on a connected platform and communicate with other operable devices.
Consequently, IoT gets to be an integral technology in ensuring that devices work together in collaboration, exchange data which becomes useful information in making better and informed decisions for businesses and users across the world.
Are you looking for incorporating IoT software in your business? Contact Techliance today. Come onboard with free 1-week trial.