The Internet of Things (IoT) refers to a system of interrelated, internet-connected objects that are able to collect and transfer data over a wireless network without human intervention.
Applications of IoT
- Connected Devices/Cars: Pervasive smart connectivity brings consumers’ physical and digital life closer together
- Connected Home: Connected intelligent buildings bring the benefits home by driving dramatic improvement in energy efficiency and security and extending benefits of health and education to the home
- Smart Cities: ensures a networked urban society shares in the benefit of intelligent traffic management, smart energy grids and security
- Agriculture: plant lighting systems and watering systems
- Industrial: Equipment activty monitor and sound detectors
IoT Industry
- Four foundational, interconnected pillars at the core of the IoT movement: connect, collect, compute, and create
- New Connections of devices and information
- Enhanced Collection of data that grows from the connections of devices and information
- Advanced Computation that transforms collected data into new possibilities
- Unique Creation of new interactions, business models, and solutions
Technologies that Enable IoT
- Sensors: A device that generates an electronic signal from a physical condition or event
- Networks: A mechanism for communicating an electronic signal (Bluetooth, Wifi, LTE, 5G)
- Standards: Commonly accepted prohibitions or prescriptions for action (including network protocols, communication protocols, and data-aggregation standards) and regulatory standards (related to security and privacy of data, among other issues)
- Augmented Intelligence: Analytical tools that improve the ability to describe, predict, and exploit relationships among phenomena (Computer vision, natural-language processing, speech recognition)
- Augmented Behavior: Technologies and techniques that improve compliance with prescribed action (machine to machien interface, machine to human interface)
Factors Driving IoT
- Cheaper, smarter and smaller sensors
- Increase in data rates, decrease in internet prices, power efficency of networks and IPv6 adoption
- Availability of big data, growth in open source analytics software, real-time data processing and analytics
- Lower machine prices, improved machine functionality, machines influencing human action through behavioral-science rationale
IoT Value Chain
- The Internet of Things can enable the next wave of life-enhancing services across several fundamental sectors of the economy.
- Meeting the needs of customers may require global distribution models and consistent global services.
- The Internet of Things presents an opportunity for new commercial models to support mass global deployments.
- The majority of revenue will arise from the provision of value-added services and mobile operators are building new capabilities to enable these new service areas.
- Device and application behaviour will place new and varying demands on mobile networks
Resources
- https://www2.deloitte.com/content/dam/insights/us/articles/iot-primer-iot-technologies-applications/DUP_1102_InsideTheInternetOfThings.pdf
- https://www.gsma.com/iot/wp-content/uploads/2014/08/cl_iot_wp_07_14.pdf
- https://www.pwc.com/gx/en/technology/pdf/industrial-internet-of-things.pdf
- https://www.accenture.com/_acnmedia/Accenture/Conversion-Assets/DotCom/Documents/Global/PDF/Dualpub_14/Accenture-The-Internet-Of-Things.pdf
- https://cdn.ihs.com/www/pdf/IoT_ebook.pdf
- https://www.mckinsey.com/~/media/McKinsey/Industries/Technology%20Media%20and%20Telecommunications/High%20Tech/Our%20Insights/The%20Internet%20of%20Things%20The%20value%20of%20digitizing%20the%20physical%20world/Unlocking_the_potential_of_the_Internet_of_Things_Executive_summary.pdf