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
- 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