Internet Of Things
You may have heard the word IoT or the Internet of Things a lot these days, but you don't know the meaning or application.
IoT theory was first coined in 1999 by Kevin Ashton, but it's only been about five years that the IT world has been working hard on this topic, and it's interesting to note that most businesses are already doing so. They are moving towards the widespread use of this technology.
With the help of the Internet of Things, various programs and devices can interact and talk to each other and even humans through the Internet. For example, smart refrigerators that are connected to the Internet and inform you about the inventory and expiration date of food in the refrigerator.
In fact, the Internet of Things enables you to remotely manage and control the objects you use with the help of Internet infrastructure.
The Internet of Things provides opportunities for the direct integration of the physical world and computer-based systems, such as #Smart cars, smart refrigerators and smart homes that are mentioned in various discussions and gatherings these days, and you need to know that all these devices are under the Internet of Things.
How will the Internet of Things change the way we interact with the physical world?
The Internet of Things (IoT) is being called the next industrial revolution - The IoT will change the way all businesses, governments and consumers interact with the physical world.
For more than two years, BI Intelligence (Business Insider) has been closely following the growth of the Internet of Things.
The organization has analyzed how the IoT enables entities and institutions such as governments, businesses, and customers to connect to and control their IoT devices.
The analysis was conducted in environments such as manufacturing, smart homes, transportation and agriculture.
In a new report from BI, the information system talks about all the components and ecosystems of the IoT. The new report includes information about devices, analysts, networks and IoT security. The report also provides an estimate of the growing Internet of Things market, which includes the growth of IoT devices, the amount of investment and the return on investment in the ecosystem.
Here are some key points from this report:
- Add your content...By the end of 2020, 34 billion devices will be connected to the Internet.
- Nearly $ 6 trillion will be spent on the Internet of Things over the next five years.
- Trade will be a major part of the Internet of Things; Businesses can improve their business by:
- Governments will focus on increasing productivity to reduce costs and improve the quality of life of their citizens.
- Consumers will act as IoT users alongside businesses and governments.
1) Reduce operating costs.
2) Increase productivity.
3) Expanding the market and new products.