Internet of Things (IoT) has become one of the most popular terms in the technology industry in recent years. Internet of Things (IoT) is based on the interconnection of any day-to-day object with the Internet, thus becoming smart devices. The IoT is especially attractive for the industrial sector, but it also has many B2B and B2C applications in other business sectors, such as retail.
The Internet of Things is a network of intelligent objects and cloud infrastructure that exchanges data and then transforms it into actionable intelligence. This convergence of IT (information technology) and OT (operations technology) extracts its strengths from both worlds, such as the use of sensor technology to gather information from the field and the use of analytical data capabilities in the cloud.
One of best example of Internet of Things (IoT) is heart implant in medical field, a farmhouse animal with a Biochip, a car that has built-in sensors to alert the driver when the tire pressure is low, Any other normal or AI object to which an IP address can be allocated and given the capability to transfer data through a network is also one of superlative application of Internet of Things (IoT).
What is the meaning of IoT or the Internet of Things?
By definition, the Internet of Things is “the interconnection of objects through the Internet, which allows them to send and receive data.” In other words, IoT connects your devices to the Internet or to other devices, so that they can perform new functions, such as remotely controlling intelligent elements and receiving alerts and status updates. IoT refers to a large number of physical devices worldwide that are now linked, collecting and sharing data.
Thanks to wireless networks and the low cost of new processors, it is possible that almost anything, from a smart vacuum to an autonomous vehicle, is part of the IoT. This adds a level of digital intelligence to the devices that allow them to communicate data in real-time without the participation of a human being, somehow fusing the digital world with the physical one.
What are IoT devices?
The answer is simple: all devices that are connected in a smart home, such as thermostats, light switches or spotlights, locks, security cameras, and other smart appliances are the best examples of IoT devices, in addition to autonomous vehicles and a number of other technologies.
Think of it this way: if a device can connect directly to the Internet or if it can connect to any other device that connects to the Internet (but is not a computer device that would be expected to have an Internet connection to make its main functions), probably fits the definition.
What are the advantages of the internet of things (IoT) in business?
Incorporating technology such as IoT in companies generates multiple advantages, such as those mentioned below:
- Obtaining information about the users: From the millions of objects that are now linked to the IoT, it is possible for companies to obtain enormous and valuable information about consumption patterns, preferences, routines and behavior of their customers. So the Internet of Things is a window of possibilities to offer more products and services, more personalized, intuitive and predictive.
- Improvement in customer experience: Because the IoT makes possible a real-time interaction of the objects connected with their owners or users, this technology enhances the customer experience, allowing companies to know the degree of satisfaction of a user with a particular product or service, which becomes an input for constant improvement.
- Direct and real-time communication: It is now possible, for example, to send a series of automated and programmed messages to a television or video game console connected to the IoT that wants to be in constant communication with the user. This is one of the most essential benefits of the internet of thing, due to the possibility of being in contact with a potential client and optimizing your experience.
- Productivity improvement: Having information about the behavior of a certain connected object will help a company make decisions about a specific topic quickly. For example, if a connected vehicle alerts about failure through automated message systems, then chances to get accidents to get reduced.
- New business models: The volume of data collected by the IoT allows the use of intuition, which generates competitive advantages for certain businesses such as online stores, those that produce wearable’s and retail companies that can create hyper-personalized content. Likewise, the adaptation of an entire organization to the IoT opens up an infinite universe of possibilities for any type of industry; to the point that it allows to make significant changes in people’s lives, transforming the experience in a double sense: inside and outside the business.
- Cost reduction in company operations: Because automation is one of the advantages of IoT, this tool can be useful in updating processes related to work activities, as well as in reducing physical files to be stored, also optimizing workspaces.
How to know if a company is ready for adopting the Internet of Things?
The IoT implies a challenge for traditional companies because they have to adapt to technological innovations to guarantee a unique experience between the client and them and remain standing in increasingly competitive markets. A long-term technological development plan will be required and in accordance with the company’s needs to meet user data demands.
Also in the development plan, it is necessary to take into account the type of devices that will provide the data; It is recommended to test several sites in the network and verify the security of it, to know which device has access to what type of information.
How does the Internet of Things(IoT) Work?
The Internet of Things is simply about objects connected to each other through the network. They exchange information to facilitate or create various actions. For something like this to happen there are a set of three factors that need to be combined for an application to work within the concept of the Internet of Things. These are the IoT devices, the network, and a control system.
The Devices: They are all those that we already know, such as refrigerators, cars, lamps, clocks, coffee makers, television and others. In these devices, it is important that they are equipped with the correct items to provide communication with the other elements. These things can be chips, internet connection, sensors, and antennas among others.
- The Network: It is the means of communication and we are already used to it. Well, they are technologies such as Wi-Fi, Bluetooth and mobile data (3G and 4G).
- The control system: it is necessary for all the data captured from the devices through the network to be processed, so they are sent to a system that controls each aspect and makes new connections.
- To simplify, imagine your home. Now think about all the things you have in your kitchen, like the refrigerator. In that scenario, the refrigerator could notify you when the food is finished. You can do research and find markets with the best prices to buy a certain product. I could also suggest different food recipes with the things that are available inside the refrigerator.
- And now, thinking beyond, about connectivity; imagine your alarm ringing in the morning, and send a message for the coffee maker to start brewing and notify the curtains to open slowly. Does it seem too futuristic?
Yes, it seems good to hear and the Internet of Things makes it possible.
How IoT helps business/agriculture/education/healthcare/industry development in India:
A major initiative that is emerging these days is the Smart Cities. The latter are cities equipped with integrated networks to ensure the operation of a city in general. As an example of these cities we can talk about Tokyo and London; where, the concept of interconnection applies to traffic lights, surveillance cameras, public transport systems, etc.
Smart home projects are just some of the applications that the Internet of Things can have. You can apply them wherever you want because all this is possible through devices that communicate with each other over the Internet.
It may seem that this concept of the Internet of Things is linked only to large companies and even public bodies. However, you can also see and take advantage of it as a business trend. Here are some examples:
- Small business: Internet of things can be applied to a store or warehouse, where you are instantly notified when an item is sold, and through a sensor, the stock of your merchandise is updated. Or a car park, where exactly the location of the car is known, and the time it has been parked.
- Health: In the health field, different systems are being developed to manage the administration of medications; in order to accompany the state of physical activity, heartbeat, etc. In this sector, systems are being developed to monitor the health status of patients with delicate health, remotely, as well as the supply of medicines by the pharmaceutical industry to hospitals through inventory control.
- Farming: Another useful example of the internet of things is found in the agricultural industry where monitoring of crops, livestock and pest control is already applicable; improving processes and the quality of the final product. Currently, there are systems with sensors that send notifications about the status of crops, weather conditions and control of pests.
- Retail: In this sector, as in the health sector, it is proposed to control the merchandise through sensors; thus, at the time a product is sold, the stock is updated and precise control is taken off when it is required to stock the product again.
Internet of Things is not far away from the present day. There are many uses and resources that we can optimize with this trend. And you? Do you have smart devices connected? Do you apply the Internet of Things in your business? If you make use of the Internet of Things then it is great and you are part of the latest technology.
The Internet of Things in the Home:
Inside the home, the internet of things proposes an impressive improvement in the quality of life. Imagine that your refrigerator tells you when your favorite soda is about to run out; this through a scanner and an internet connection through any imaginable device. Thus, you could access this information while making your purchases in the supermarket and make more accurate decisions about what you buy. It can also suggest recipes based on what you find inside your shelves.
Or in more advanced learning, the internet of things could make your alarm tell the coffee maker that the alarm is about to sound; so the coffee maker will start working in due time so that when you wake up you have a cup of fresh coffee just the way you like it!
Do you know what Home Automation is and how it relates to the Internet of Things?
The internet of things applied to the home refers us to the development of a new concept called Domotics. Home automation has the specific objective of creating intelligent and automated homes; your case study focuses on certain services, for example:
Energy-saving: In this particular case, the internet of things does not propose the development of products with AI; since in this area it only refers to the efficient management of energy resources through network programming and interconnection. To understand it better, we can say that heating systems, blinds and light would be programmed to be controlled remotely.
Comfort: Here the efficient control of different systems and installations in the home applies as an example of the regulation of lighting according to the time of day; as well as electronic media control for leisure. A clearer example of this is that when you play your music, comment that “it is very loud”, and immediately the system adjusts the volume of the speakers.
Security: In the case of security, the idea is to create a network responsible for protecting both assets and the safety of people and their health. From gas leak detectors to medical alerts and telecare.
This is just a taste of what the internet of things and home automation can give us in our daily lives.
The Internet of Things in the Present:
If all this seems too futuristic, you should know that brands like LG, Google and Amazon have opted for the development of new technologies and products based on the internet of things to create smart homes. We are in the era where we change the way we perceive our home and the era in which our home perceives us will begin; it will be intuitive, purposeful and even have the ability to interact with us.
Among the products within the internet of things developed by LG, we find appliances, ventilation and entertainment systems such as screens, audio systems, monitors and PCs.
It is important to know that although LG has limited this technology to a market with greater purchasing power; it is estimated that in five years this technology will be present in accessible products for a larger segment at an affordable cost.
So the Internet of Things is a technology which will surely change our way of living. It helps to make things easy and comfortable.