Internet of Things (IoT) defines the network of physical objects (“things”) that embeds in sensors, software, and other technologies to connect and exchange data with other devices and systems over the Internet. These devices range from everyday household items to classy industrial tools. With more than 7 billion IoT devices associated today, experts expect this number to grow to 10 billion by 2020 and 22 billion by 2025. Vision has a network of device partners.
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Why is the Internet of Things so important?
IoT develops one of the most important technologies of the 21st century in recent years. Since we can now connect everyday objects (kitchen appliances, cars, thermostats, baby monitors) to the Internet through embedded devices, seamless communication between people, processes, and things is possible. You can learn more about big data by checking out ProjectPro’s Big Data Science Projects.
With low-cost computing, the cloud, big data, analytics, and mobile technologies, physical things can share and collect data with minimal human intervention. In this hyper-connected world, digital schemes can record, monitor, and adjust every interaction between linked items. The physical world happens in the digital world, and they cooperate.
What technologies have made the IoT possible?
Although the idea of IoT has been around for a long time, several recent advancements in several different technologies have made it viable.
Access to cost-effective sensor technology with low power consumption. Affordable and reliable sensors make IoT technology possible for more and more manufacturers.
Connectivity: Many Internet network protocols make connecting sensors to the cloud and other “things” for efficient data transmission.
Cloud computing platforms. The increasing availability of cloud platforms allows both businesses and consumers to access the infrastructure they need to scale without managing it.
Machine learning and analytics. With advances in machine erudition and analytics and access to vast and diverse amounts of data stored in the cloud, companies can obtain information faster and easier. The arrival of these related technologies continues to push the boundaries of the IoT, and the data generated by the IoT also fuels these technologies.
Conversational artificial intelligence (AI). Advances in neuronic networks have brought natural language processing (NLP) to IoT devices (such as Alexa, Cortana, and Siri personal digital assistants), making them attractive, affordable, and practical for home use.
What is industrial IoT?
Industrial IoT (IIoT) mentions the application of IoT technology in industrial environments, particularly in the instrumentation and control of sensors and devices using cloud technologies. An excellent example of IIoT can Find in this Titan Use Case PDF. Recently, the industry has used machine-to-machine (M2M) communication to achieve wireless automation and control. But with the arrival of the cloud and related technologies (such as analytics and machine learning), industries can reach a new level of automation, creating new revenue and business models. The IIoT sometimes refer to as the fourth wave of the industrial revolution or Industry 4.0.
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Here are some common uses for IIoT:
Connected assets and preventive and predictive maintenance
Smart electrical grids
Smart digital supply chains
Unlock business value with IoT
As IoT expands to the market, companies are capitalizing on the enormous business value it can offer. These benefits include:
Gain data-driven insights from IoT data to help better manage your business
Increase the productivity and effectiveness of business processes.
Create new business models and sources of income.
Quickly and transparently connect the physical business world with the digital world to accelerate profitability.
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