What is the Internet of Things? In this article, I will tell you about the main trends in the Internet of Things and its classification.
The Internet of Things is the concept of a data network between devices. Inside the IoT, people can communicate with “things” and “things” can communicate with each other.
IoT devices function on their own, although people can configure them or provide access to data. IoT systems operate in real time and usually consist of a network of smart devices and a cloud platform. First, the devices collect data – for example, about the temperature in an apartment or the user’s heart rate, then this data is sent to the cloud where software processes it. Internet of Things is inextricably linked with Big Data.
So the Internet of Things can be roughly divided into the following categories
1) “Smart” home
Smart home IoT includes devices from air conditioners, thermostats to music speakers and pet feeders that can be controlled with a smartphone. One of the novelties is mobile robots for apartments.
For example, if a burglar appears in the house, the System notifies the user about this or performs further actions itself – for example, turns on the air conditioner or calls the police.
2) Industrial “Internet of Things”
They are sensors for machine tools, all kinds of software for analyzing large-scale data, accurate calculations, and design development.
3) Agro-IoT
Agro-IoT for use in farming, animal husbandry. They are drones and smart tools to predict climate change, track the location and health of farm animals, or check the composition of the soil.
4) IoT for retail
IoT for retail includes “smart applications” for purchases that allow you to immediately offer the consumer what he needs, various options for contactless payments, etc
5) “Smart city”
The cities then use this data to improve infrastructure, public utilities and services, and more.
The Internet of Things is about installing sensors (RFID, IR, GPS, laser scanners, etc.) for everything, and connecting them to the internet for information exchange and communications, in order to achieve intelligent recognition, location, tracking, monitoring and management. They are services for analyzing traffic congestion, removing tolls for heavy trucks, etc.
6) IoT in healthcare
In healthcare, IoT allows you to move to a new level of diagnostics of diseases – “smart” devices monitor the patient’s health indicators.
The rapid growth of the Internet of Things is associated with the introduction of artificial intelligence and machine learning systems. Market growth is also driven by an increase in the number of users of “smart” devices, smartphones, as well as the growing demand for energy saving. IoT enables companies to automate processes and reduce labor costs. This reduces the volume of waste, improves the quality of services provided, and makes the production process and logistics cheaper.
How do you see the future of IoT? Share your opinion in the comments below! If you wanna learn more or know more you can contact my team or you can jump into a one-on-one call with me right now clicking one of the the below buttons.
He uses to dedicate part of his life to inspire others and help them achieve the most out of their lives. Since he was 20, he had successfully founded and managed several companies operating in the field of management consulting, wealth management and fintech. He is Member of Institute of Directors in London, Member of Changer Club in Riga, Member of Fintech Association of Hong Kong, Member of Singapore Fintech Association, Member of Non Executive Director Association in London and Member of Alumni Network of Draper University in San Francisco. He loves travelling, he is a cigars lover, an amateur golfer and a dapper man.
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