Talking about Internet Of Things, it is basically the everyday objects in your house hooked up to internet. There are almost endless examples to pick from when you start looking at IoT projects under development now and all of them have one thing in common: in all cases the devices in your home, at your office and in your pocket are able to “talk” to each other and make limited decisions based off that information.
Through a process of analysis, which you’ll often see referred to as “analytics,” an IoT brain can decide what it needs to know and what it doesn’t. And this process is guided by humans and also inspired by devices themselves which now is called machine learning. The Internet of Things is a truly amazing development that is likely going to change our lives for the better: it’s already bringing about massive positive changes IoT can help companies improve performance through IoT analytics and IoT Security to deliver better results. Businesses can reap the benefits of IoT by making more informed decisions, aided by the torrent of interactional and transnational data at their disposal.
IoT platforms can help organizations reduce cost through improved process efficiency, asset utilization and productivity. With improved tracking of devices/objects using sensors and connectivity, they can benefit from real-time insights and analytics, which would help them make smarter decisions.
The growth and convergence of data, processes and things on the internet would make such connections more relevant and important, creating more opportunities for people, businesses and industries.
In conclusion, the Internet of Things is closer to being implemented than the average person would think. Most of the necessary technological advances needed for it have already been made, and some manufacturers and agencies have already begun implementing a small-scale version of it. The main reasons why it has not truly been implemented is the impact it will have on the legal, ethical, security and social fields.