DEFINITION OF IOT
The full form of IoT is ‘the internet of things. It describes the network of physical objects like things. These are inserted with sensors, software, and other technologies for the purpose of exchanging and connecting data with other systems over the internet. These devices extend from simple household objects to advanced industrial tools.
USERS OF IOT.
More than 7 billion people are connected with IoT devices. Experts expect more than 10 billion by 2020 and 22 billion by 2025.
IS IOT PLAYS AN IMPORTANT ROLE?
Yes, IoT plays an important role in this modern lives. It has become the most vital technology of the 21st century. Now onwards we can connect our daily appliances like cars, kitchen appliances, thermostats, baby monitors- to the internet via inserted devices, seamless reporting is possible between two persons, processes, and things.
In this hyperconnected world monitor, digital systems can record and adjust each interlinkage between connected things. Both the physical world and digital world will meet and cooperate. By means of low-cost computing, the cloud, big data, analytics, and mobile technologies can share and gather data with minimal human intercession.
DEFINE INDUSTRIAL IOT
Industrial IoT (IIOT) mentions the application of IoT technology in industrial settings. In recent days industries have used machine-to-machine communication(m2m) to receive wireless automation and control. Industries can receive a new automation layer with the exposure of cloud and allied technologies such as analytics and machine learning, with this it creates new revenue and business models. Another name of IIOT is the fourth wave of the industrial revolution and industry 4.0. Some common uses are given below.
▪ Smart power grids
▪ Connected logistics
▪ Smart manufacturing
▪ Smart digital supply chains
▪ Connected assets and preventive and anticipating maintenance.
▪ Smart cities.
VALUE OF BUSINESS WITH IOT.
IoT is becoming popular in the marketplace.
- Creating new business models and revenue streams.
- Efficiency and increasing productivity of business operations.
- Deriving data-driven insights from IoT data to help better manage the business.
- Seamlessly connecting the physical business world to the digital world to drive quick time to value.
TECHNOLOGIES THAT MADE IOT POSSIBLE
IOT has been in existence for a long time. In a number of different technologies, a collection of recent advances has made it practical.
1. Cloud computing platforms: Without actually managing it all the availability of cloud platforms enables both businesses and consumers to access the framework.
2. Conversational artificial intelligence (AI): Neural networks have brought (NLP) natural language processing to IOT devices like Alexa, Cortana, Siri these are digital personal assistants and made them affordable and usable for home utility.
3. Access to low-cost, low-power sensor technology: Due to inexpensive and well-grounded sensors IOT technology is possible for more manufactures.
4. Machine learning and analytics: Machine learning and analytics, along with entry to varied and huge amounts of data stored in the cloud, businesses can collect insights quickly and more comfortably.
IOT APPLICATIONS
IoT intelligent applications are predesigned software-as-a-service (SAAS) applications that can examine and give captured IoT sensor data to business users via dashboards.
Business users can quickly enhance existing processes for customer service, supply chains, financial services, and human resources with the help of cloud-based IoT applications.
To analyze huge amounts of connected sensor data in the cloud IoT applications use machine learning algorithms. Machine learning-based algorithms can recognize equipment anomalies and send attentiveness to users and even trigger automated fixes.
SOME WAYS IOT APPLICATIONS ARE UTILIZED.
The use of IoT applications is to provide sensor information. The following are some of the most famous applications.
IMPROVE THE TRACKING AND RINGFENCING OF PHYSICAL ASSETS
Ring-fencing is used to allow to make sure that high-value assets are saved from theft and removal.
DRIVE EFFICIENCIES AND NEW POSSIBILITIES IN EXISTING PROCESSES
This is used to increase efficiency and safety in connected logistics for fleet management.
CREATE NEW EFFICIENCIES IN MANUFACTURING THROUGH MACHINE MONITORING.
Machines are regularly checked to make sure they are performing well with a given tolerance. Products are checked in real-time to address quality defects.
ENABLE BUSINESS PROCESS CHANGES
The use of IoT devices for connected assets to monitor the well-being of remote machines and trigger service calls for precautionary measures.
USES OF IOT IN INDUSTRIES
Listing uses of IoT in industries. Public sector, automotive, general safety across all industries, healthcare, and manufacturing.
I. Public sector: The benefit of IoT in the public sector is similarly wide-ranging. Government-owned utilities can use IoT based applications to notify their uses of weight outages.
II. Automotive: By applying IoT to productions lines, sensors can determine impending equipment failure in vehicles and can alert the driver with details and recommendations.
III. General safety across all industries: IoT can be used for the safety of workers. It helps the employees in dangerous environments such as coal mines, oil, gas fields, and powerplant if they need to know about the phenomenon of a dangerous event that might affect them. In this situation, they can be saved or rescued as early as possible.
IV. Healthcare: Doctors and nurses should know the exact location of patient-abetment assets like wheelchairs. Wheelchairs should be equipped with IOT sensors, they can be tracked through the IOT asset-monitoring application due to which the required patient can quickly find it.
V. Manufacturing: When sensors detect an imminent failure, manufacturers can gain a competitive advantage by using production line monitoring to enable proactive maintenance on equipment. With the sensor alerts, manufactures can speedily check equipment for accuracy.
IS IOT CHANGING THE WORLD? HOW? LOOK AT THE CONNECTED CARS.
With the help of IoT, car owners are operating their cars remotely for example, before the driver gets in it preheats the car or by remotely summoning a car by phone. IoT allows manufacturers to upgrade their cars repeatedly with new software. Automobile makers or dealers can have a continuous relation with their patrons with the connected cars. They can charge drivers usage fees, offering a transportation-as-a-service using autonomous cars instead of selling cars.
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