Internet of Things - Turning Data into Wisdom
Imagine if the street lights sensed there is no traffic on a road and turned themselves off to save electricity; Agricultural variables could be controlled, thus influencing crop production and your doctor diagnosed your illness through a chip tracking your internal activities……all these sound impractical but no more. These and many such incredible things are possible with the newest technology called Internet of Things.
The term first coined by Kevin Ashton in 1999, means “Connected network of Things!”in the simplest of terms. Information can be collected, shared and exchanged from anything that is connected to the internet modernizing life - both at home and at work...
The theme behind IoT
With the pace at which technology is speeding, IoT is expected to bring interactivity between every object and human on the earth through internet. Smart cars, self-understanding thermostats, ovens, etc… IoT will bring automation in every ‘thing’ around you, just like a sci-fi movie.
Wireless and Wi-Fi networks are making it easier for Internet of Things to reach out to businesses worldwide. IDC notes that: "Today, over 50% of IoT activity is centered in manufacturing, transportation, smart city, and consumer applications, but within five years all industries will have rolled out IoT initiatives”. There are no bounds to the market for Internet of Things, it will be present everywhere. Itds to the market IoT products and services will add £12 trillion to the world economy by 2020 as IT spending continues to grow, according to Gartner.
Would IoT be of any use to your business?
Through IoT businesses will be able to deliver a flexible cloud-based approach that enables them to capitalize by gathering, storing and processing data centrally. While IoT gives a transformation shift to businesses, it also opens the door of new opportunities to businesses. IoT will give enterprises three major advancements:
Operational Efficiency
Business Intelligence
Business Transformation
Major corporations around the world like HCL & IBM have decided to join forces in developing solutions for Internet of Things. Each year more and more top US technology & telecom corporations are investing and preparing themselves to make the most of this new technology. Besides the new application areas being tapped by Internet, IoT is expected to generate huge amounts of data from diverse locations that is aggregated very quickly. The critical challenge is in storing and protecting data, and extracting valuable information from it. Well, an ideal way to tackle this challenge could be to integrate data protection to the archive process. This not only provides high-performance access for analytics processing, but also excellent protection and long-term retention.
Get ready for IoT: Digitize now!
Internet of Things can be used to automate and monitor pretty much everything in a company. For example, your laptop boots up when your car tells it that you are 5mins away from office etc..These are small menial tasks, but with data centers & management devices, it could become pretty complex.
The evidence is overwhelming: Experts view that by 2020, 29 billion devices will be connectedto internet & a market of $1.7 trillion for Internet of Things will be created. So, brace yourselves and get ready to become a part of this revolution in the world around you with IoT.