IoT — Internet of Things

Photo by Andres Urena on Unsplash

What is it?

The Internet of Things (IoT) in simple terms is a network where physical devices can exchange data with each other. It is the idea of connecting things together without requiring human to human or human to computer interaction. The collection of data would come from the built-in sensors within the device, and the connectivity type would be via some common ones today such as wifi or bluetooth. The vision of IoT that is being built is to have a massive expansion of device connections that go beyond computers, such as thermostats or parking meters. The concept of this came out around the year 2010. IoT has evolved since then to become an unstructured machine-generating data entity to be analyzed to help drive improvements. Just to name some of the IoT platforms out there: Google Cloud IoT, AWS IoT, Cisco IoT, and IBM Watson IoT. This concept has a wide variety of applications in various fields. Leveraging the power of the internet, IoT can solve day to day problems very easily.

How does it work?

Any device or physical object with built-in sensors are connected to an Internet of Things platform. These sensors can collect data and sort them to what is most valuable for it’s use case, then this information and analytics can be shared across multiple applications via the internet. An example of this could be a sports watch, where it can track a multitude of data via heart rate sensor. This can give the user important information to make user’s lives easier and more comfortable.

Benefits?

IoT has a numerous amount of benefits that applies to organizations and individuals, just to list some: monitor overall business, improve customer experience, save time and money, enhance employee productivity, integrate business models, make better business decisions, generate more revenue, improve daily life, have accurate important data on hand, etc. This amount of data can encourage anyone on how they approach their current methods, as the data is pretty hard to argue against. Overall, this is a big impact on improvement in general.

The future potential?

This has a big effect in the future of technology. IoT plays a huge role in influencing the consumer’s experience with a device. For businesses, IoT can help them improve and make decisions about their product as important data can be collected and sorted using IoT. There are no limits to the market of IoT estimations, as application is endless.

Drawbacks?

Because IoT can collect sensitive data on people, it is vulnerable to hacks, this makes it unsafe for sharing such sensitive data. This raises concerns as companies that manufacture devices with IoT sometimes do not put time and resources into putting the right security models in place. There are a few high costs that come along with IoT: power consumption, and cost of wireless connectivity.

Security issues?

Devices that use IoT require a user’s information to be inputted usually, that information is then stored onto a profile that is yours and is then collecting data under it. That data is constantly being accumulated and being held on the internet to be used for determining what could be improved in general or for experience. The information is constantly being thrown around through several connected devices so that there are multiple access points to this collection of data. This would raise a lot of questions about security as all it takes is one failure of a device, or a person with knowledge on how to access this information.

Conclusion

IoT will become a very big thing in the future, as it is rapidly growing for a relatively new technology. Data will become more and more valuable as time progresses, as it is a powerful asset for growth. The more data that is available, the more efficient the application will become. Since IoT has a good amount of security and privacy issues, it will become important to focus on those problems as equal as the technology itself. There will also need to be some sort of regulation against data collection, as the data being stored and collected are highly sensitive information.

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