The World of IoT
A series of posts that I have written
around Internet Of Things (IoT). This covers all relevant topics covered under
the gamut of IoT. The posts are broken into 4 blogs - excerpts and links to
each one are provided below.
IoT is an umbrella term for a broad range
of underlying technologies and services depending upon the use cases and in
turn are part of a broader technology ecosystem which includes related
technologies such as AI, cloud computing, cyber security, analytics, big data,
various connectivity/communication technologies, digital twin simulation,
Augmented reality and virtual Reality, block chain and more.
We are going to dwell a little deeper on
key definitions and approaches to the Internet of Things. The Internet of
Things is a reality in business and beyond: In several industries and companies,
tangible value creation by leveraging the power of IoT is happening since quite
some time as ample real-life IoT examples show. However, it will still take
until the next decennium(2020 and beyond) before hype, roadblocks and misunderstandings regarding the
Internet of Things fade away and uncertainties and challenges in several areas
are solved. Moreover, a radical new approach to security will be needed.
We are going to take a deep dive into the
growth and trends in the IoT space. The exact predictions regarding the size
and evolution of the Internet of Things landscape tend to focus on the number
of devices, appliances and other ‘things’ that are connected and the staggering
growth of this volume of IP-enabled IoT devices, as well as the data they
generate, with mind-blowing numbers for many years to come.
We will discuss the Industries where IoTs have been successfully implemented. According to Internet of Things spending data and forecasts, published early 2017 by IDC, the 3 main industries in terms of IoT spending in 2016 were, respectively, manufacturing, transportation and utilities. Consumer Internet of Things spending ranked fourth. While globally in the period until 2020, manufacturing will remain the major industry (except in Western-Europe) there will be global changes in this top 3. Among the fastest growing industries in the period until 2020 are insurance, healthcare, retail, consumer and, as mentioned, cross-industry initiatives.
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