In a recent survey, it is estimated that there are 20 billion connected devices globally as of this year. So, what do you think!!
Will 2020 is gonna be the year of IoT?? We currently can’t say this but the future is promising.
The Big Question is what is IoT (Internet of Things)?
The Internet of Things is the next technological revolution that promises to change the way we work and the way we live. IoT is related to the ubiquitous network that connects everything everywhere.
At first, this term was identified in 2005, in the ITU Internet reports of 2005.
IoT is much more than a network of smartphones, tablets, computers that talk to each other exchanging data. It covers all the things around us. In layman language, we can say that it is an environment, or an ecosystem, where smart objects connect each other. They exchange data, sending it to the cloud. IoT cloud platforms collect the data to analyze the information. They activate other processes.
What smart object means?
An object is smart when it is able to connect to the Internet and exchange data. An object can be a simple sensor that measures the environment temperature, pressure, etc. It must be able to connect to the network and send the measured data.
Thus, an object is smart when it has a unique identifier so we can reference it when it sends and receives information and it can have a set of sensors to sense the world around it.
From homes and industries to enterprises, the Internet of Things has become commonplace in all walks of life. Connecting everything and everyone, IoT is making the world smarter and better than ever before. Yet, this is just the origin. Unlocking the full potential of the Internet of Things needs that businesses recognize the opportunities for value creation and systematically address the underlying difficulties.
Internet of Things service allows organizations to transform business needs into competitive differentiators by delivering innovative IoT powered solutions
Fact #1. The amazing fact is that the majority of people (87%) have not heard of the term ‘Internet of Things’.
The IoT will continue to expand next year, with more and more devices coming online every single day. The greatest growth of IoT will likely to see in the retail, healthcare, and supply chain industry.
Fact #2. ATM’s are considered some of the first IoT objects and went online as far back in 1974.
Security needed for the IoT device:
Security is the first concern for anyone who is connected to the vast world of the Internet. So keeping this in mind I have some security aspects to share with you:
There are two diverse ways to keep in mind when thinking about encryption, one is where the data lives online and the other is how the data gets to the Internet. The standard practice online is to use SSL, which you should use everywhere your data exists.
On the wireless protocol side, you must be sure that the protocol you’re using has built-in encryption. If your device isn’t encrypted and you’re relaying the location of your assets, anyone could read that information.
Even though your data is encrypted, you need to be sure your device is talking only to you and that only you can talk to your device. A result of neglecting authentication is that anyone can make up information and send it to you, and you’d have no way to verify that it is not real.
The Internet of things has entirely changed the way companies doing business these days. Established manufacturers are blending their physical products with internet-based backend services, and internet companies are elongating their offerings by integrating data from sensors and physical assets. New companies are starting the market with IoT offerings that connect physical products with internet-based services. Sensor-generated data and machine learning solutions empower new, data-driven business models.
To encourage the easy development of IoT solutions, three challenges must be ruled:
Speedy application development for IoT: Quickly and efficiently building user interfaces and applications for IoT use cases that need cost efficiency and fast time to market.
Engineering heterogeneity and diversity: Handling large numbers of heterogeneous, constantly evolving assets and devices in the IoT.
Construction of customizable IoT solutions: Supporting IoT solution vendors in creating solutions that can be easily customized for different use cases.
CISCO thinks that the IoT could generate $4.6 trillion over the next ten years for the public sector and $14.4 trillion for the private sector.
The fact is the IoT is only going to expand. I believe that at present less than 0.1% of all the devices that could be connected to the Internet, are connected to the Internet. Just think of the enormous potential and limitless opportunities this brings for the business and the society.
It is assumed that the global IoT market will almost grow three-fold and exceed one trillion U.S. dollars soon. By 2019, the market is determined to have an approximated size of more than 1.7 trillion U.S. dollars. With a vast array of applications, the Internet of Things has seen a continuously increasing number of connected devices worldwide.
By 2022, it is assumed that 43 billion devices will be connected to the IoT around the globe. This technology is slated to have many applications, predominantly in the fields of consumer electronics, industrial manufacturing, automotive and life sciences.
With a strong clientele base, we are uniquely positioned in one of the top IoT app development company and we look forward to helping you improve business value, enhance efficiency and reduce operations and maintenance cost.
Making Devices Intelligent
Present situations clearly show that with the increasing number of smart devices the IoT services will go on the peak. We can help you transform your business and make its presence on the world of the Internet through our app development services.