Internet of things (IoT) is a system of interrelated objects, computing devices, mechanical and digital machines that are provided with unique identifiers. In other words, it is the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.
For instance, your apple watch is a part of IoT. The whole city of Barcelona is composed of IoT enabled devices. Over the last years, IoT has lead to many changes in the world and by 2020 there will be 31 billion devices associated with the Internet of Things.
Now you might have got a general idea of what IoT products are — you’re right now using one to peruse this article. PCs and phones just make up a small part of IoT. IoT gadgets include whatever that can interface with the web to send and receive information. There are IoT coffee machines that can send warnings when you’re running out of coffee. IoT beds can control your sleep and balance the temperature to optimize your sleeping pattern. More practical applications of IoT include connected autos that can drive and renew themselves.
Stores like Macy’s are utilizing iBeacons to send clients rewards and greetings on Black Friday. Beacons are small Bluetooth transmitters that can interface with applications associated with gadgets like iPhones or iPads. This technology allows businesses to communicate with their clients and enable to contact them wherever they are.
The associated devices themselves form only 50% of the IoT equation. To make an IoT gadget work, you should need an IoT platform. IoT platforms enable designers to deal with the applications they created, to store, share and analyze information. Consider the iOS and Android stages. iOS and Android platforms enable engineers to make applications quicker and for much less cost. Unlike smartphone applications, engineers can browse many IoT platforms. Google, Amazon, and IBM are a couple of the significant platform suppliers.
These IoT gadgets and stages around us achieve a variety of tasks. As per Forbes, 84% of the developing IoT applications will be ruled by few ventures: Industrial IoT (24%), Smart Cities (26%), Smart Homes (14%), and Connected Health (20%).
From the above discussion, it should be clear that the future will be filled with IoT devices. It is a growing technology that can bring drastic changes to the way we interact with each other and control day to day activities.