We are living in a very connected world . What started many many years ago just as a concept , is now a reality. From Dolly the sheep a decade ago to Dylan the dog who was cloned a few days back , science has actually taken a huge leap and so has the technology in the background. Need Proof ?
The first warning shots rang out over a decade ago. “I come from cyberspace,” John Perry Barlow wrote in the Declaration of the Independence of Cyberspace. The “weary giants of flesh and steel” – countries, armies, governments – were warned to “leave us alone … you have no sovereignty where we gather”.
But how is IOT defined ? Internet of Things (IoT) or Internet of Everything (IoE) refers to devices or objects that are connected to the Internet, like your smartwatch, Fitbit, refrigerator or even your cars. These devices are able to collect and transmit data via the Internet, contributing to big data analytics.
Still need convincing ? Here are a few data facts for you to consider –
- In 2015, approximately over 1.4 billion smart phones will be shipped and by 2020 we will have a staggering 6 billion plus smartphone users.
- By 2020, a quarter of a billion devices will be connected to the Internet, giving us completely new possibilities for in-vehicle services and automated driving.
- The global market for wearable devices has grown 223% in 2015, with Fitbit shipping 4.4 million devices and Apple selling 3.6 million Apple watches. And yes, Internet-connected clothing is coming. Estimates predict that 10.2 million units of smart clothing will ship by 2020, compared to a meager 140K units in 2013.
- Today, the market for Radio Frequency Identification (RFID) tags, used for transmitting data to identify and track objects, is worth $11.1 billion. This is predicted to rise to 22 Billion by 2020. Machine-to-machine (M2M) connections will grow from 5 billion at the beginning of this year to 27 billion by year 2024 , with China taking a 21% share and the U.S. 20%.
- CISCO believes the IoT could generate $4.6 trillion over the next ten years for the public sector, and $14.4 trillion for the private sector.
SO what does all statistics mean for you ? IOT rests primarily on 3 pillars , Devices , Cloud and Data analytics. Lets see how will it impact the key areas of our everyday lives .
Lets see how will it impact the key areas of our everyday lives .
So imagine this. You have a new born baby at home. Aren’t you going to be worried about the child all the time ? Now , you don’t need to as much . Because of wearable technology , and smart clothes you can actually monitor your baby’s temperature , his sleep cycle , activity level etc , and that too in real time from your smart phones. Also, because your medicine bottle now has a smart chip , it automatically sends you reminders on the time you need to take the medicine but also sends an alert when you are running low and need a refill . The next gen will have a pill sensor which will communicate with a chip on your skin and send all the information from inside your body.
But this is not it. You will have a smart home to live in , which will have light according to your mood and can also change colors according to the directions given . For example five minutes to 7.30 am and you really need to wake the light can turn red in your room . Similarly you get an alert when you are running low on groceries and technology enables to enhance security of your house and not only water your plants but also detect for leakages or intrusions .
The impact of IOT is huge and we are not even at the tip of iceberg. In the next few posts I will try to demystify what and how will it impact all things around us.
Till then happy reading !!!