TyroCity

Discussion on: Current state-of-affairs of Internet of Things (IoT)

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ncitujjwal

The Internet of Things (IoT) is a fast-emerging ecosystem of IP-connected devices with the potential to deliver significant business benefits valued at trillions of dollars in the coming decade across industries. Organizations can use IoT to drive considerable cost savings by improving asset utilization, enhancing process efficiency and boosting productivity (Stankovic, 2014). More importantly, IoT-driven innovations are expected to increase return on R&D investments, reduce time to market, and open up additional sources of revenue from new business models and opportunities. IoT is driven by a combination of forces, including the exponential growth of smart devices, a confluence of low-cost technologies (sensors, wireless networks, big data and computing power), pervasive connectivity and massive volumes of data.

We define IOT into three categories as below:

  • People to people,

  • People to machine /things,

  • Things /machine to things /machine,

Internet of Things (IoT) is a concept and a paradigm that considers pervasive presence in the environment of a variety of things/objects that through wireless and wired connections and unique addressing schemes are able to interact with each other and cooperate with other things/objects to create new applications/services and reach common goals. Internet of Things is refer to the general idea of things, especially everyday objects, that are readable, recognizable, locatable, addressable through information sensing device and/or controllable via the Internet, irrespective of the communication means (whether via RFID, wireless LAN, wide area networks, or other means) (Janssen A & Dijkman M, 2015).

The number of internet-connected devices surpassed the number of human being on the planet in 2011 and by 2020, internet connected devices are extended to number between 26 billion and 50 billion. According to industry analyst firm IDC, the installed base for the IoT will grow to approximately 212 billion devices by 2020. A number that includes 30 billion connected devices (Wu & Zhu, 2013). These types of applications can involve the electric vehicle and the smart city, smart houses, in which application and service that provide notifications security, energy - saving, automation, telecommunication computers and entertainment will be integrated into a single ecosystem with a shared user interface. IoT is providing access to information, media, and services through wired and wireless broadband connections. The Internet of things makes use of synergies that are generated by the convergence of consumer, business is industry. The convergence creates the open global network connecting people, data, and things.

The convergence leverages the cloud to connect intelligent things that sense and transmit a broad array of data helping to create service that would not be obvious without this level of connectivity and analytical intelligence. The use of platform is being driven by transformative technologies services cloud, IOE, IOE, and telecommunication.

I think Internet of Thing (IoT), Internet of Every Thing (IoE), Telecommunication, Big Data, IPV6, Cloud computing and Semantic technology may be future technology. In future, every things have an IP adders either living or nonliving things and everything is in cloud. I think in a near future a pocket technological device is more powerful than Bomb, and weapons. Internet security will be big threat than other physical war.

References
Janssen A, & Dijkman M. (2015). T. Business models for the Internet of Things. International Journal of Information Management. doi. org/10.1016/j.ijinfomgt .

Stankovic, J. (2014). Research Directions for the Internet of Things. IEEE Internet of Things Journal, doi.org/10.1109/JIOT.2014.2312291 , 3-9.

Wu, S., & Zhu, S. (2013). Data Mining with Big Data. IEEE Transactions on Knowledge and Data Engineering , 97-107.