INTERNET of THINGS ( IoT)

INTERNET of THINGS ( IoT)

   April 20, 2016       Unknown

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INTERNET of THINGS

IoT ( Internet of Things):

IoT provides networking to connect people, things, applications and data through the Internet to enable remote control, management and interactive integrated services.

• IoT Network Scale:

Number of mobile devices exceeds the number of people on earth. Predictions are made that there will be 50 billion 'things' connected to the Internet by 2020.

• IoT Service Support:

Some advanced IoT services will need to collect, analyse and process segments of raw sensors data and turn it into operational control information.

Some sensors data types may have massive size (due to large number of IoT devices)

IoT databases will need cloud computing support.

IoT data analysis will need Big Data Support.

• Influence of IoT:

PEOPLE      : More 'things' can be monitored and controlled "people will become more capable".

PROCESS   : More users and machines can collaborate in real-time "more complex tasks can be accomplished in lesser time".

DATA         : Collect data more frequently and reliably "results in more accurate decision making".

THINGS     : Things become more controllable "mobile devices and things become more valuable"

Economic Impact:

Predictions have been made that IoT has the potential to increase global corporate profits by 21%               

( in aggregate) by 2020.

Asset Utilization              -              $ 2.5 T

    Employee Productivity       -                   $  2.5 T

Supply Chain & Logistics       -               $ 2.7 T

Customer Experience              -            $ 3.7 T   

Inovation                 -              $ 3.7 T

Total of $15.1 Trillion market

• And also can be seen in 

M2M ( Machine to Machine)connections are increasingly important and gets a market of $6.4 T economy 45%.

P2P ( Person to Person) as well as and gets a market of $3.5 T.

P2M ( Person to Machine) & M2P ( Machine to Person) and gets a market of $4.5 T economy of both P2P as well is 55%

Iot Applications:

• Security: Surveillance applications, Alarms, Real-Time objects, People tracking and monitoring.
• Transportation: Road safety, Emission control, Toll payment, Real-Time traffic monitoring, and many more ITS ( Intelligent Transport Systems) applications.
• Health care: E-health, Personal security, Body-sensor based customized health care system.
• Utilities: Measurement, Provisioning and Billing of Utilities ( eg;- Gas, Water, Electricity, ETC)
• Manufacturing: Monitoring and Automation of a production chain.
• Supply & Provisioning: Freight supply, Distribution monitoring and Vending machines.
• Facility Management: Home, Building and Campus Automation.

References:

• J. Bradley, J. Barbier and D. Handler, "Embracing the Internet of Everything to capture your share of $14.4 Trillions", ( CISCO, White Paper, 2013 ) 
• IBM Think Academy https://youtu.be/QSIPNhOiMoE

Rudroju Saikrishna