Tech Trend: Internet of Things - IoT

Company and Culture

2022-09-28

Tech Trend: Internet of Things - IoT

In this article, we will explore the ‘Internet of Things - IoT’, what it is, how it works, its current impact, and what to expect from this exciting technological trend.

In this article, we will explore the ‘Internet of Things - IoT’, what it is, how it works, its current impact, and what to expect from this exciting technological trend.
“What the Internet of Things is really about is information technology that can gather its own information. Often what it does with that information is not tell a human being something, it just does something.” — Kevin Ashton
The phrase ‘Internet of Things was created in 199 by Kevin Aston. However, the technology gained prominence after being included in Gartner’s 2011 Report on emerging technologies. Since then, more and more companies are working on IoT and IoT development and implementation spread all over the world.

What is the IoT?

The Internet of things (IoT) describes physical objects (or groups of such objects) with sensors, processing ability, software, and other technologies that connect and exchange data with other devices and systems over the Internet or other communications networks. – Wikipedia
IoT is the concept of connecting any device (smart device) to the Internet and other connected devices. The Internet of Things is a large network of connected things and people. They collect and share all data about things and people how they use them and their environment. Currently, there are over 31 billion IoT devices, and the IoT global market is set to be worth $2,465.26 billion by 2029.

IoT Facts and Figures - Every second, 127 new IoT devices are connected to the web!

2018 — 7 billion IoT devices in 2018 2019 — Active IoT devices reached 26.66 billion 2021 — 35 billion IoT devices were installed worldwide 2025 — 75 Billion IoT devices will be connected to the web

How does the IoT work?

Devices and objects with embedded sensors connect to an Internet of Things platform that integrates data from various devices and uses analytics to share more valuable information with applications developed to meet specific needs. What is beneficial and what can be safely avoided. This information can be used to make recommendations to spot patterns and detect potential problems before they occur.
Knowledge from advanced analytics becomes the power of efficient processes. Smart things and systems mean that you can automate certain tasks especially when these daily repetitive tasks are time-consuming or mundane.

IoT Objects

IoT is the connection of everyday products such as refrigerators clocks and speakers to the internet and to each other. The Internet of Things has already and is continuing to change things in our homes and workplaces.
    Amazon Echo
    Medical Devices
    Smart Blood Sugar Sensors
    Google Home Voice Controller
    Ring Door Bell
    Smart Lighting (Phillips Hue Hue Go)
    Nest Home Devices (Smart Heating)
    Smart Watches
    Smart Glasses
    Smart Cars

Summary

The Internet of Things (IoT) is driving change for consumer businesses and governments. New devices and technologies such as machine learning smart speakers and 5G enable greater efficiency and control in homes and offices. The continued growth of the IoT industry will be a force for change in all organizations. There are predictions of smart cities, and even further development into industrial and transportation-based IoT devices.
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We have seen first-hand how the internet itself has impacted society, and we will soon see how IoT will do the same, we are looking forward to following the IoT journey and the technological advancements and changes to come.
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