What is IoT? Featured

What is IoT?

Internet of Things — or IoT is a somewhat odd sounding phrase, but it is becoming a more and more popular and will be referred to in many different elements of our lives in the future.

The IoT refers to the connection of devices (other than typical devices such as computers and Smartphone's) to the Internet (and/or to each other).

This includes everything from coffee makers, washing machines, headphones, lamps, wearable devices and almost anything else you can think of. And as the Internet of Things grows in the next few years, the list of devices will grow and grow. We have compiled a guide to IoT to help you understand what it is all about... Terms and Basic Definitions Glossary defining the Internet of Things:

  • Internet of Things: A network of internet-connected objects able to collect and exchange data using embedded sensors.
  • Internet of Things device: Any stand-alone internet-connected device that can be monitored and/or controlled from a remote location.
  • Internet of Things ecosystem: All the components that enable businesses, governments, and consumers to connect to their IoT devices, including remotes, dashboards, networks, gateways, analytics, data storage, and security.
  • Entity: Includes businesses, governments, and consumers.
  • Physical layer: The hardware that makes an IoT device, including sensors and networking gear.
  • Network layer: Responsible for transmitting the data collected by the physical layer to different devices.
  • Application layer: This includes the protocols and interfaces that devices use to identify and communicate with each other.
  • Remotes: Enable entities that utilise IoT devices to connect with and control them using a dashboard, such as a mobile application. They include Smartphone's, tablets, PCs, smartwatches, connected TVs, and non traditional remote equipment.
  • Dashboard: Displays information about the IoT ecosystem to users and enables them to control their IoT ecosystem. It is generally housed on a remote.
  • Analytics: Software systems that analyse the data generated by IoT devices. The analysis can be used for a variety of scenarios, such as predictive maintenance.
  • Data storage: Where data from IoT devices is stored.
  • Networks: The internet communication layer that enables the entity to communicate with their device, and sometimes enables devices to communicate with each other.

IoT Market
IBM estimates that there will be 200 billion IoT devices globally by 2020. That's approximately four devices for every human being on the Earth. Who gains? There are three major entities that will use and benefit from IoT ecosystems: consumers, governments, and businesses. These groups below show just how widespread they will go within the top three: Manufacturing, Transportation, Defence, Agriculture, Retail, Logistics, Banks, Oil, Gas, Mining, Insurance, Food Services, Utilities, Hospitality, Healthcare, Smart Buildings and of course your connected Homes.

IoT Security & Privacy
As devices become more connected thanks to the IoT, security and privacy have become the primary concern among consumers and businesses. In fact, the protection of sensitive data ranked as the top concern of those polled among enterprises, according to the 2016 Vormetric Data Threat Report.

A big concern is cyber attacks which are a growing threat as more and more companies buy into the world of IoT. Hackers could potentially connect to cars, critical infrastructure, and even people's homes. Because of this very real threat, several tech companies are focusing on cyber security in order to secure the privacy and safety of all this data IoT Future AS IoT is still relatively new and the fact that it will be global is exciting. But how far it will go and where the borders between technology and personal privacy cross swords nobody knows.

It may be better to embrace it now and learn more about the inevitable future of our connected lives, rather than ignore it and hope it goes away; because that is not going to happen.

Intel's useful 3 minute Youtube video explaining IoT
 

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