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Internet of Things

By - ValueLabs Editorial Team | 10 Oct 2014

What is Internet of Things?
The Internet of Things (IoT) is a scenario where the sensors embedded in physical objects such as cars, TVs, lights, and even pacemakers are linked through wired and wireless networks to overcome the need for human-to-machine communication.
Today’s computers, smartphones, tablets have become popular because of their ease-of-use and low cost. The smartphone can keep track of the mileage of our car, prompt with alerts for servicing in right time, however, unless we provide input of data from the car, it is futile. Unfortunately, in the current world, we have limited time for accuracy or attention on capturing accurate data.
What’s the solution?
The world needs things / objects to be intelligent themselves, to act accordingly, to analyse and communicate according to the situation. Integrating  things by themselves, greatly reduces time and through this system  improves the safety of our lives and make our lives more comfortable than ever before. Is it possible to make world smarter through IOT? Of course!
All the sensors, device readable identifiers that are needed to make the world smarter by making the Internet of Things into a reality will have to use Internet Protocol version 6 (IPv6) in order to accommodate the extremely large address space. The incredible advancement in wireless networking technology, the higher standardization of protocols, Big Data makes world as smarter as a human brain.
Why is IoT important?
The Internet of Thing brings together people, data and things to make network connections more relevant and valuable than ever before by communicating with each other to exchange and integrate data – to trigger the actions that create new capabilities, new opportunities, richer experiences and unprecedented economic opportunity for businesses, individuals and countries and world.
Risks & Challenges
Internet certainly opens the door to a lot of opportunities with a key ‘IoT’, but also as many challenges as security, Power Management, network congestion and the storage. These Things will be the norm as long as devices and service providers are able to balance innovation with security and privacy concerns and with the storage of the data by maintaining the power manageable.
The IoT of Tomorrow
On a broader scale, the IoT can be applied to a broad variety of things. Giving an IP address to an inanimate object like a freezer door allows monitoring of how long that door kept opened. Monitoring of parking spaces availability in the city helps analyse parking needs and plan based on that; Intelligent and weather adaptive lighting can be implemented in street lights. The temperature of the interior and exterior can be monitored to automatically switch on air conditioning or exhaust fans. Cars with built-in sensors alert the user by displaying the best route to take to avoid traffic.

Using wireless temperature sensors to boilers/heaters allows an alarm to be triggered on. By using the sensors, one can gather information on occupancy of the premises or to know whether people are awake or asleep. Smart Homes, built with connected things easily manages multiple intelligent control services and devices effortlessly. To date, the world has deployed about 5 billion “smart” connected things. Predictions say there will be 25 billion connected devices by 2020 and in our lifetime we will experience life with a trillion-node network.

IoT will soon bring a new revolution in the internet market, which acts as a layer over the world, for the better view of the world. We would be in a world where the smartphone is the only thing that we would carry in our pocket. It can act as the key to your car and home, it will be your wallet to pay for most of your services, for rest of the services where only cash is the option, your smartphone already helps you get cash from the ATM.

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