The Less Known Facts About Internet Of Things Technology.
With more devices connected to the Internet than humans (4 billion web users in 2018), the growth of the IoT platform has produced some surprising data and statistics that need to be explored. Considering that the Internet of Things (IoT) is the number of devices connecting to the Internet, these numbers show how big the Web is growing. Manufacturing and industry were among the earliest and fastest users of IoT technology, a trend known as Industry 4.0.
The Internet of Things (IoT) refers to the billions of physical devices around the world connected to the Internet to gather and share data. Thanks to the advent of super-cheap computer chips and the ubiquitousness of wireless networks, it is now possible to turn small pills into large airplanes as part of the IoT platform, by connecting different objects, adding sensors to them and adding a level of digital intelligence to devices that were once mute, enabling them to communicate with data involving humans in real time. The Internet has made the fabric of the world around us more responsive, merging the digital universe with the physical.
The relentless expansion of the Internet of Things (IoT) is a fascinating spectacle. The emerging technologies that drove the 4th Industrial Revolution and Industry 4.0 gave us an insight into what it would be like to sit back and watch the goings-on in our empire. What I can’t tell you but I can tell you is that we are closer to the 21st century version as the Internet of Things matures.
The Internet of Things (IoT) is changing the way people interact with basic technologies. A technology with its rapid introduction is driving the 4th Industrial Revolution before our eyes.
Under the term Internet of Things (IoT), everyday devices are connected to the Internet. For the uninitiated, IoT refers to the billions of devices around the globe connected to the Internet and exchanging data.
It is an extension of mobile app development technology that enables mobile devices to unlock the potential of the Internet. The Internet has many possibilities, and the objects we see around us have the power to transform into intelligent devices with the help of the technology of the Internet of Things.
It is predicted that by 2020, more than 50 billion things will be connected to the Internet. Thanks to new wireless technologies and other advances in IoT, the total number of 15.41 billion devices will rise to 75 billion by 2025. For better or worse, IoT platforms are already outnumbering the number of people on the planet, and this trend is likely to continue.
By 2025, the total Internet is expected to grow to a staggering 175 ZB, of which 79.4 ZB will be for IoT platforms. In its 2018 report, Gartner projected that global shipments of connected vehicles will reach 76 million units by 2023, or 70% of the total.
According to a market analysis by Cisco Internet of Things, the IoT will generate 847 zettabytes of data by 2021 alone. According to them, the way investment in IoT is going is a niche sibling to the Industrial Internet of Things (IoT), which will reach $60 trillion over the next 15 years. And by some estimates, everyone will use at least two to six connected devices making the IoT a part of our lives.
From a technical point of view, the Internet of Things is defined (at least by Cisco at this point) as more things and objects connected to the Internet than humans. Most studies and researchers count Internet-connected devices as part of the Internet. Simply put, the IoT is an attempt to connect large parts of the world to the Internet in one way or another.
The Internet of Things (IoT or Internet of IOE) refers to any device or object connected to the Internet, be it your smartwatch, Fitbit, or refrigerator. Connected devices share their data with other similar devices, creating a vast system of personal data that transforms our daily lives. The term “Internet of Things” refers to a network of objects with embedded sensors that connect to the Internet and was coined in 1999 by Kevin Ashton.
The Internet of Things (IoT) is so integrated into our daily lives that it seems that very few people understand what it is and why it is as ubiquitous as it is. Here are twenty of the following statistics and facts that might surprise you about how you can use the Internet of Things in the future.
It is predicted that by 2020, 75% of all new cars on the market will be built with IoT connectivity. There are more things connected to the Internet than there are people on Earth in 2008. We have the Internet of Things and the industrial Internet of Things.
Although we do not know the diversity of technologies under the IoT platform umbrella, there are many other terms such as Industrial Internet of Things (also known as IIoT), Internet of Services, Consumer IoT, CIOT, Industry 4.0, Internet of Medical Things, Internet, IOE and many others with their acronyms. One of the IoT definitions is that it is a generic term for a wide range of technologies, applications and use cases. We will look at M2M, which is the root of the IoT, to give a perspective on the list of definitions of the Internet of Things.
IoT applications enable the connection of objects, devices and addresses (Internet of Technology (IP) addresses) in order to collect, transmit and receive data depending on the purpose.
IoT devices can be as fluffy as a child’s toy or as serious as a driverless truck. Physical objects can be transformed into IoT devices when they are connected to the Internet to control and communicate information. A light bulb can be switched on and off via a smartphone app, an IoT platform can be a motion sensor in an intelligent thermostat in the office or a connected street light.
IoT devices are a great first step to test the waters before committing to a full supply chain upgrade. One of the most popular new IoT communication technologies is Lora, a short- and long-distance link running on the Lorawan network protocol. I hope these facts will whet your appetite to learn more about why your company wants to use Industry 4.0 technologies like the Internet of Things and how your entire value chain can share the benefits as much as possible.