What is the IoT? Everything you need to know about the Internet of Things

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The Internet of Things (IoT) is changing the way businesses optimize their processes & engage customers. Discover how the Internet of Things helps businesses expand & streamline operations for a better bottom line in this article.

Internet of Things (IoT) has become an integral part of several workplaces. Regardless of the industry, there’s a good chance that IoT devices play a key role in the success of the business. Whether you use simple objects, like smart lightbulbs for an efficient office environment; or complex objects, like a network of industrial machines that detects quality control issues in a manufacturing process, IoT is present.

Learn more about the Internet of Things in this article.

What is the Internet of Things?

The Internet of Things (IoT) is a computing concept describing the idea of everyday physical objects connected to the internet & that can identify themselves to other devices to send and receive data. 

The term Internet of Things is closely identified with RFID (radio frequency identification) as the method of communication.

Top global use cases of the Internet of Things

The Internet of Things presents huge opportunities in almost every industry. From finding health issues in a person to remotely controlling crop irrigation, IoT is exploding with opportunities & revenue. Here are some more global use cases of IoT

  • Food traceability
  • Maintenance & field service
  • Manufacturing operations
  • Production asset management
  • Cross industries use cases
  • Connected vehicles
  • Smart buildings
  • Staff identification
  • Air traffic monitoring
  • Fleet management
  • Freight monitoring
  • Smart cities

Internet of Things Devices

Here are the top 20 IoT devices list:

1. Google Home Voice Controller

2. Amazon Echo Voice Controller 

3. Mr. Coffee Smart Coffeemaker 

4. Philips Hue Hue Go

5. Amazon Dash Button

6. August Doorbell Cam 

7. Footbot Air Quality Monitor

8. August Smart Lock

9. Flow by Plume Labs Air Pollution Monitor

10. Canary 

Internet of Things in business

Here’s how the Internet of Things is transforming businesses of today:

1. Improved business insights & customer experience

2. Cost & downtime reductions

3. Efficiency & productivity gains

4. Asset tracking & waste reduction

5. New business models inventions

Pros and cons of the Internet of Things

Advantages of the Internet of Things

  • Minimizes the human work & effort
  • Saves time & effort
  • Good for personal safety & security
  • Useful in traffic & other tracking or monitoring systems
  • Beneficial for the healthcare industry
  • Improved security in homes & offices
  • Reduced use of several electronic devices as one electronic device does the job of many other devices

Disadvantages of the Internet of Things

  • Increased privacy concerns
  • Increased unemployment rates
  • Highly dependent on the internet
  • Lack of mental & physical activity by humans leads to health issues.
  • Complex system for maintenance
  • Lack of security
  • Absence of international standards for better communication

Future of IoT

Here are the top future predictions for the Internet of Things:

1. It is estimated that there will be more than 21 billion IoT devices by 2025

2. Cybercriminals will continue to use the Internet of Things devices to facilitate DDoS attacks

3. More cities will become “smart”

4. Artificial intelligence (AI) will continue to become a bigger thing

5. Routers will continue to become more secure & smarter

6. 5G Networks will continue to fuel the Internet of Thing’s growth

7. Cars will become even smarter

8. 5G’s arrival will open the door to new privacy & security concerns

9. IoT-based DDoS attacks will take on more dangerous forms

10. Security & privacy concerns will drive legislation & regulatory activity

Internet of Things: Privacy and Security

Like any other emerging technology, the Internet of Things brings an entirely new set of challenges to an organization. There remains a level of confusion about IoT standards, policy, & governance for the organizations thinking to integrate IoT. While the Internet of Things shows promise due to the number of devices connected, that’s a potential detriment to the viability of its security. The more devices that are connected, the more likely there will be a security breach. Hence, the sheer volume of devices connected is alarming.

What is secure today, might not necessarily be secure tomorrow. That’s a major concern in terms of Internet of Things devices. Imagine hackers being able to access or control your smart car, & your wireless router, turn off your heart monitor, or change the rhythm of your pacemaker, as scary as that sounds. A more connected world means that one security glitch is all that it takes to impact personal data privacy or even bring down an enterprise’s security & hold the business hostage.

A connected future of better experiences

Internet of Things can expedite growth & unravel new business opportunities across several industries. But the key to that growth lies in how quickly one can adopt the Internet of Things & become a differentiator in your industry.

Does your business need help with your Internet of Things project? Contact us today to discuss your requirements.

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