Internet of Things- IoT

Internet of Things - IoT

New trends, technology and smart devices enter the consumer market and our life almost on a daily bases. For those of us working in the technology industry or in a fast-paced environment, the new names and shortcuts are easy to adopt and to understand.

But for everyone else, new names and technologies are often times confusing and hard to understand.

In the last year, especially since the beginning of 2017, the term "Internet of Things" or "IoT", began springing up more and more often. New start-ups and established companies started focusing on it and the term IoT can be found on a daily basis in almost every tech magazine or paper. 

But what does IoT actually do for the consumer and who would benefit from using it?

To give you a basic understanding of the Internet of Things, here's a quick overview of the advantages of using it in the private sector as well as industrial.

 

"The Internet of Things (IoT) is the inter-networking of physical devices, vehicles (also referred to as "connected devices" and "smart devices"), buildings, and other items embedded with electronics, software, sensors, actuators, and network connectivity which enable these objects to collect and exchange data. In 2013, the Global Standards Initiative on Internet of Things (IoT-GSI) defined the IoT as "a global infrastructure for the information society, enabling advanced services by interconnecting (physical and virtual) things based on existing and evolving interoperable information and communication technologies," and for these purposes a "thing" is "an object of the physical world (physical things) or the information world (virtual things), which is capable of being identified and integrated into communication networks". The IoT allows objects to be sensed or controlled remotely across existing network infrastructure, creating opportunities for more direct integration of the physical world into computer-based systems, and resulting in improved efficiency, accuracy and economic benefit in addition to reduced human intervention. When IoT is augmented with sensors and actuators, the technology becomes an instance of the more general class of cyber-physical systems, which also encompasses technologies such as smart grids, virtual power plants, smart homes, intelligent transportation and smart cities. Each thing is uniquely identifiable through its embedded computing system but is able to interoperate within the existing Internet infrastructure. Experts estimate that the IoT will consist of about 30 billion objects by 2020."

Sources:
Internet of Things- Wikipedia full entry