INTERNET OF THINGS
"The Internet of Things (IoT) is a scenario in which objects, animals or people 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 (MEMS) and the Internet. "
Applications:
A thing, in the Internet of Things, can be a person with a heart monitor implant, a farm animal with a biochip transponder, an automobile that has built-in sensors to alert the driver when tire pressure is low -- or any other natural or man-made object that can be assigned an IP address and provided with the ability to transfer data over a network. So far, the Internet of Things has been most closely associated with machine-to-machine (M2M) communication in manufacturing and power, oil and gas utilities. Products built with M2M communication capabilities are often referred to as being smart
IPv6’s huge increase in address space is an important factor in the development of the Internet of Things. According to Steve Leibson, who identifies himself as “occasional docent at the Computer History Museum,” the address space expansion means that we could “assign an IPV6 address to every atom on the surface of the earth, and still have enough addresses left to do another 100+ earths.” In other words, humans could easily assign an IP address to every "thing" on the planet. An increase in the number of smart nodes, as well as the amount of upstream data the nodes generate, is expected to raise new concerns aboutdata privacy, data sovereignty and security.
HISTORY:
Although the concept wasn't named until 1999 by KEVIN ASHTON, the Internet of Things has been in development for decades. The first Internet appliance, for example, was a Coke machine at Carnegie Melon University in the early 1980s. The programmers could connect to the machine over the Internet, check the status of the machine and determine whether or not there would be a cold drink awaiting them, should they decide to make the trip down to the machine.
Review:
Kevin Ashton, co-founder and executive director of the Auto-ID Center at MIT, first mentioned the Internet of Things in a presentation he made to Procter & Gamble. Here’s how Ashton explains the potential of the Internet of Things:
“Today computers -- and, therefore, the Internet -- are almost wholly dependent on human beings for information. Nearly all of the roughly 50 petabytes (a petabyte is 1,024terabytes) of data available on the Internet were first captured and created by human beings by typing, pressing a record button, taking a digital picture or scanning a bar code.
The problem is, people have limited time, attention and accuracy -- all of which means they are not very good at capturing data about things in the real world. 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.”
Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, has launched a major new global study looking at the impact of IoT technologies across a wide range of industry sectors around the world.
The TCS Global Trend study on IoT, which surveyed 795 executives from large multi-nationals, identifies the huge potential for revenue increases from IoT, while also highlighting the significant challenges that lie ahead for businesses transitioning to the new model.
Enabling Technologies:
1)RFID
2)SENSOR
3)SMART TECH
4)NANO TECH
Let us have a look at the brief description of each technologies:
1)RFID
To identify and track the data of things,
2)SENSOR
To collect and process the data to detect the changes in the physical status of things
3)SMART TECH:
To enhance the power of the network by devolving processing capabilities to different part of the network
4)NANO TECH:
To make the smaller and smaller things have the ability to connect and interact
Highlights:
Average Increase in Revenue as a Result of IoT Initiatives is 15.6 Percent, While Market Leaders in IoT see 64 Percent Revenue Increase
Companies Set to Make Huge IoT investments – With 7 Percent of Companies Planning to Spend $500m+ in 2015 Alone
Major Roadblocks Stand in Way for Organizations Seeking to Capitalize on IoT
Commenting on the study, Natarajan Chandrasekaran, CEO and MD of TCS, said:“The age of IoT is well underway. The question is, whether businesses are ready to realize the full potential of this technology.”“Our latest global trend study found that leaders in using IoT technologies are using it to completely re imagine their businesses by changing every aspect of them from business models and products to business processes and workplaces.”He added: “Now is the time for every leader in every industry to re imagine the possibilities for their businesses in a world of smart, connected ‘things.'”
A significant opportunity for revenue growth through IoT
Across the board, companies investing in IoT are reporting significant revenue increases as a result of IoT initiatives, with an average increase of 15.6 percent in 2014. Almost one in ten (9 percent) saw a rise of at least 30 percent in revenue.Company executives still see IoT as a growing area for businesses, with 12 percent of the 795 companies surveyed identifying a planned spend of $100m in 2015 and 3 percent looking to invest a minimum of $1bn. The report also shows that companies predict their IoT budgets twill increase year-on-year, with spending expected to grow by 20 percent by 2018 to $103m.
The Internet of Things (IoT) is taking shape. Intel helps connect things to the cloud, integrate with existing infrastructure, and securely manage data.
Healthcare lags Industrial Manufacturing, which stands out for IoT success:
The Healthcare sector has been hailed as having the greatest potential to benefit from IoT, but remains one of the most underdeveloped industries, due to regulatory restrictions and data security concerns that currently hinder innovation. The sector plans to spend just 0.3 percent of revenue in 2015, but will be increasing this investment by at least 30 percent by 2018. The healthcare market driven by IoT is predicted to be worth $117bn by 2020.
In contrast, executives in the Industrial Manufacturing sector are reporting the largest increase in revenue from IoT, with an average 28.5 percent, followed by Financial Services (17.7 percent) and Media & Entertainment (17.4 percent). The Automotive industry has the lowest revenue gain, with just a 9.9 percent increase.
The report, which looks at trends across 13 key industries, found that large-scale investment in IoT infrastructure and monitoring is not confined to those in Manufacturing. For example, the Travel, Transportation and Hospitality sectors are planning to spend 0.6 percent of revenue this year on IoT, whil
e Media and Entertainment companies will devote 0.57 percent of their revenue. This is significantly more than the 0.4 percent average and the 0.44 percent spend in Banking and Financial Services.
CHALLENGES AND ISSUES OF IOT:
Society: People, security, privacy
A policy for people in the Internet of Things:
Legislation
Environmental aspects
Resource efficiency
Pollution and disaster avoidance
Technological
Architecture (edge devices, servers, discovery services, security, etc.)
Governance, naming, identity, interfaces
Service openness, interoperability
Connections of real and virtual world
Standards
IoT will inherit the drawbacks of the current internet on an infinitely larger, but more invisible scale
Privacy –will be a huge issue when implementing IoT
Identity -Online Fragmentation of Identity
Efficiency –speed -person loses identity and is an IP address
Decisions –do not delegate too much of our decision making and freedom of choice to things and machines
Balancing
Establishing common set of standards between companies, educational systems, and nations.
The same type of cabling,
The same applications or programming
The same protocol or set of rules that will apply to all
Developing energy sources for millions -even billions -of sensors.
Wind
Solar,
Hydro-electric
video describing "IOT"
https://www.youtube.com/watch?v=9S9Wr1OEIxI
Check out @KatgalPrabhu's Tweet :
How things are related with IOT and BIGDATA:
https://twitter.com/KatgalPrabhu/status/636583084515704833?s=09
"The Internet of Things (IoT) is a scenario in which objects, animals or people 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 (MEMS) and the Internet. "
Applications:
A thing, in the Internet of Things, can be a person with a heart monitor implant, a farm animal with a biochip transponder, an automobile that has built-in sensors to alert the driver when tire pressure is low -- or any other natural or man-made object that can be assigned an IP address and provided with the ability to transfer data over a network. So far, the Internet of Things has been most closely associated with machine-to-machine (M2M) communication in manufacturing and power, oil and gas utilities. Products built with M2M communication capabilities are often referred to as being smart
IPv6’s huge increase in address space is an important factor in the development of the Internet of Things. According to Steve Leibson, who identifies himself as “occasional docent at the Computer History Museum,” the address space expansion means that we could “assign an IPV6 address to every atom on the surface of the earth, and still have enough addresses left to do another 100+ earths.” In other words, humans could easily assign an IP address to every "thing" on the planet. An increase in the number of smart nodes, as well as the amount of upstream data the nodes generate, is expected to raise new concerns aboutdata privacy, data sovereignty and security.
HISTORY:
Although the concept wasn't named until 1999 by KEVIN ASHTON, the Internet of Things has been in development for decades. The first Internet appliance, for example, was a Coke machine at Carnegie Melon University in the early 1980s. The programmers could connect to the machine over the Internet, check the status of the machine and determine whether or not there would be a cold drink awaiting them, should they decide to make the trip down to the machine.
Review:
Kevin Ashton, co-founder and executive director of the Auto-ID Center at MIT, first mentioned the Internet of Things in a presentation he made to Procter & Gamble. Here’s how Ashton explains the potential of the Internet of Things:
“Today computers -- and, therefore, the Internet -- are almost wholly dependent on human beings for information. Nearly all of the roughly 50 petabytes (a petabyte is 1,024terabytes) of data available on the Internet were first captured and created by human beings by typing, pressing a record button, taking a digital picture or scanning a bar code.
The problem is, people have limited time, attention and accuracy -- all of which means they are not very good at capturing data about things in the real world. 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.”
Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, has launched a major new global study looking at the impact of IoT technologies across a wide range of industry sectors around the world.
The TCS Global Trend study on IoT, which surveyed 795 executives from large multi-nationals, identifies the huge potential for revenue increases from IoT, while also highlighting the significant challenges that lie ahead for businesses transitioning to the new model.
Enabling Technologies:
1)RFID
2)SENSOR
3)SMART TECH
4)NANO TECH
Let us have a look at the brief description of each technologies:
1)RFID
To identify and track the data of things,
2)SENSOR
To collect and process the data to detect the changes in the physical status of things
3)SMART TECH:
To enhance the power of the network by devolving processing capabilities to different part of the network
4)NANO TECH:
To make the smaller and smaller things have the ability to connect and interact
Highlights:
Average Increase in Revenue as a Result of IoT Initiatives is 15.6 Percent, While Market Leaders in IoT see 64 Percent Revenue Increase
Companies Set to Make Huge IoT investments – With 7 Percent of Companies Planning to Spend $500m+ in 2015 Alone
Major Roadblocks Stand in Way for Organizations Seeking to Capitalize on IoT
Commenting on the study, Natarajan Chandrasekaran, CEO and MD of TCS, said:“The age of IoT is well underway. The question is, whether businesses are ready to realize the full potential of this technology.”“Our latest global trend study found that leaders in using IoT technologies are using it to completely re imagine their businesses by changing every aspect of them from business models and products to business processes and workplaces.”He added: “Now is the time for every leader in every industry to re imagine the possibilities for their businesses in a world of smart, connected ‘things.'”
A significant opportunity for revenue growth through IoT
Across the board, companies investing in IoT are reporting significant revenue increases as a result of IoT initiatives, with an average increase of 15.6 percent in 2014. Almost one in ten (9 percent) saw a rise of at least 30 percent in revenue.Company executives still see IoT as a growing area for businesses, with 12 percent of the 795 companies surveyed identifying a planned spend of $100m in 2015 and 3 percent looking to invest a minimum of $1bn. The report also shows that companies predict their IoT budgets twill increase year-on-year, with spending expected to grow by 20 percent by 2018 to $103m.
The Internet of Things (IoT) is taking shape. Intel helps connect things to the cloud, integrate with existing infrastructure, and securely manage data.
Healthcare lags Industrial Manufacturing, which stands out for IoT success:
The Healthcare sector has been hailed as having the greatest potential to benefit from IoT, but remains one of the most underdeveloped industries, due to regulatory restrictions and data security concerns that currently hinder innovation. The sector plans to spend just 0.3 percent of revenue in 2015, but will be increasing this investment by at least 30 percent by 2018. The healthcare market driven by IoT is predicted to be worth $117bn by 2020.
In contrast, executives in the Industrial Manufacturing sector are reporting the largest increase in revenue from IoT, with an average 28.5 percent, followed by Financial Services (17.7 percent) and Media & Entertainment (17.4 percent). The Automotive industry has the lowest revenue gain, with just a 9.9 percent increase.
The report, which looks at trends across 13 key industries, found that large-scale investment in IoT infrastructure and monitoring is not confined to those in Manufacturing. For example, the Travel, Transportation and Hospitality sectors are planning to spend 0.6 percent of revenue this year on IoT, whil
e Media and Entertainment companies will devote 0.57 percent of their revenue. This is significantly more than the 0.4 percent average and the 0.44 percent spend in Banking and Financial Services.
CHALLENGES AND ISSUES OF IOT:
Society: People, security, privacy
A policy for people in the Internet of Things:
Legislation
Environmental aspects
Resource efficiency
Pollution and disaster avoidance
Technological
Architecture (edge devices, servers, discovery services, security, etc.)
Governance, naming, identity, interfaces
Service openness, interoperability
Connections of real and virtual world
Standards
IoT will inherit the drawbacks of the current internet on an infinitely larger, but more invisible scale
Privacy –will be a huge issue when implementing IoT
Identity -Online Fragmentation of Identity
Efficiency –speed -person loses identity and is an IP address
Decisions –do not delegate too much of our decision making and freedom of choice to things and machines
Balancing
Establishing common set of standards between companies, educational systems, and nations.
The same type of cabling,
The same applications or programming
The same protocol or set of rules that will apply to all
Developing energy sources for millions -even billions -of sensors.
Wind
Solar,
Hydro-electric
video describing "IOT"
https://www.youtube.com/watch?v=9S9Wr1OEIxI
Check out @KatgalPrabhu's Tweet :
How things are related with IOT and BIGDATA:
https://twitter.com/KatgalPrabhu/status/636583084515704833?s=09
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