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Internet of Things (IoT)

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Internet of Things (IoT) is an ecosystem of connected physical objects that are accessible through the internet. The ‘thing’ in IoT could be a person with a heart monitor or an automobile with built-in-sensors, i.e. objects that have been assigned an IP address and have the ability to collect and transfer data over a network without manual assistance or intervention. – PowerPoint PPT presentation

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Title: Internet of Things (IoT)


1
Internet Of Things(IoT)
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What is IoT?
  • Internet of Things (IoT) is an ecosystem of
    connected physical objects that are accessible
    through the internet. The thing in IoT could be
    a person with a heart monitor or an automobile
    with built-in-sensors, i.e. objects that have
    been assigned an IP address and have the ability
    to collect and transfer data over a network
    without manual assistance or intervention.

3
Why IoT?
  • It enables devices/objects to observe, identify
    and understand a situation or the surroundings
    without being dependent on human help.
  • GPS systems, alarms systems and thermostats will
    be sending and receiving continuous streams of
    data to monitor and automate all your activities
    in automobiles and homes.
  • Lights and thermostats will operate autonomously
    to save on energy costs. They will be turned off
    automatically when everyone will leave the
    place.
  • IoT will enable intelligent transport solutions,
    speeding up traffic flows, reducing fuel
    consumption and prioritizing vehicles repair
    schedule.
  • There will be smart doorbells, locks and
    surveillance systems, giving you information
    about whos in front of the building at any point
    of time, thus ensuring your peace of mind.
  • Smart electric grids will help in efficiently
    connecting renewable resources, improving system
    reliability and charging consumers based on
    smaller usage increments.
  • It will help your business to improve customer
    service and customer personalization, accelerate
    process optimization, address real-time business
    needs, threats and opportunities and make
    forecasting more effective.

4
How does it work?
  • Devices and objects with built in sensors are
    connected to an Internet of Things platform,
    which integrates data from the different devices
    and applies analytics to share the most valuable
    information with applications built to address
    specific needs.
  • These powerful IoT platforms can pinpoint exactly
    what information is useful and what can safely be
    ignored. This information can be used to detect
    patterns, make recommendations, and detect
    possible problems before they occur

5
Future of IOT
  • Nearly 6 trillion will be spent on IoT solutions
    over the next five years.
  • Businesses will be the top adopter of IoT
    solutions. IoT can improve their bottom line by
    1) lowering operating costs 2) increasing
    productivity and 3) expanding to new markets or
    developing new product offerings.
  • Governments are focused on increasing
    productivity, decreasing costs, and improving
    their citizens quality of life will be the
    second-largest adopters of IoT ecosystems.
  • So the areas with IOT will be artificial
    intelligence, machine learning and intelligent
    devices catering to applications of - Connected
    homes, smart cities, transportation,
    manufacturing, healthcare, utilities (smart grid)
    and agriculture.

6
Advantages of IoT
  • 1. Data The more the information, the easier it
    is to make the right decision. Knowing what to
    get from the grocery while you are out, without
    having to check on your own, not only saves time
    but is convenient as well.
  • 2. Tracking The computers keep a track both on
    the quality and the viability of things at home.
    Knowing the expiration date of products before
    one consumes them improves safety and quality of
    life. Also, you will never run out of anything
    when you need it at the last moment.
  • 3. Time The amount of time saved in monitoring
    and the number of trips done otherwise would be
    tremendous.
  • 4. Money The financial aspect is the best
    advantage. This technology could replace humans
    who are in charge of monitoring and maintaining
    supplies.

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