IOT means internet of things. The internet of things is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.IOT has evolved from the convergence of wireless technologies, micro-electromechanical systems.
Kevin Ashton, co-founder and executive director of the auto-id centre at MIT, first mentioned the internet of things in a presentation he made to Procter and gamble in 1999.here’s how Ashton explains the potential of the internet of things.
To make it much clear, let’s understand in-depth slowly one by one.
What is IOT?
Internet of things is an ecosystem of connected physical objects that are accessible through the internet. The ‘thing’ in IOT could be a person with a heart monitor or an automobile with built-in-sensors, i.e. objects that have been assigned an IP address and have the ability to collect and transfer data over a network without manual assistance or intervention. The embedded technology in the objects helps them to interact with internal states or the external environment, which in turn affects the decisions taken.
An article by Ashton published in the RFID journal in 1999 said, “If we had computers that knew everything there was to know about things-using data they gathered without any help from us-we would be able to track and count everything, and greatly reduce waste, loss and cost. We would know when things needed replacing, repairing or recalling, and whether they were fresh or past their best. We need to empower computers with their own means of gathering information, so they can see, hear and smell the world for themselves, in all its random glory.” This is precisely what IOT does for us.
How big is IOT?
The new wave of connectivity is going beyond laptops and smartphones; it’s going towards a connected car, smart homes, connected wearables, smart cities and connected healthcare. If you are wondering what impact will IOT have on the economy then for your information as per the Cisco report IOT will generate $14.4 trillion in value across all industries in the next decades.
One of the applications of IoT is smart home.
Smart home has become the revolutionary ladder of success in the residential spaces and it is predicted smart homes will become as common as smartphones. The cost of owning a house is the biggest expense in a homeowner’s life. Smart home products are promised to save time, energy and money. With smart home companies like nest, ecobee, ring and August, to name a few, will become household brands and are planning to deliver a never seen before experience.
Appliances are connected through internet connectivity and can be operated. You can on you ac even before coming to your home and make your room cool. Life became easy with this technology. There are many advantages of smart home like control at fingertips, safety, accessibility, energy efficiency and cost-effectiveness.