Suppose you are on your way to a meeting; your car could have access to your calendar and already know the best route to take. If the traffic is heavy your car might send a text to the other party notifying them that you will be late. What if your alarm clock wakes up you at 6 a.m. and then notifies your coffee maker to start brewing coffee for you?
For us finance professional
Stock taking– these two words meld together to form every retailer/ or for us worst nightmare. Many stores rely on a barcode system to keep track of the quantity of available stock, and these digital records become so corrupted by humans over time that we (finance professionals) are directed to count each item to calibrate the system. What if sensors could count each product for us?
Instead of doing this over three hours at regular intervals, what if they could do it immediately, every day?
What if your office equipment knew when it was running low on supplies and automatically re-ordered more? What if the wearable device you used in the workplace could tell you when and where you were most active and productive and shared that information with other devices that you used while working?
For our Smart Cities
Have you ever wondered when in your city you are roaming at or around 6:00 AM and you find that street lights are still showing you the way which is not at all needed and you end up asking to yourself a very pathetic question “Why aren’t they switched off ?”
…okay! Now you must be thinking what is written above and how is it possible. It’s completely insane. But the future is here!
“INTERNET of THINGS (IoT)”
Dictionary says-“the interconnection via the internet of computing devices embedded in everyday objects, enabling them to send and receive data.
Internet is become more widely available, the cost of connecting is decreasing, more devices are being connected with Wi-Fi capabilities and sensors built into them, technology costs are going down and smartphone penetration is sky- rocketing. All of these things are creating a “perfect storm” for the IoT.
The reality is that the IoT allows for virtually endless opportunities and connections to take place, many of which we can’t even think of or fully understand the impact of today. It’s not hard to see how and why the IoT is such a hot topic today; it certainly opens the door to a lot of opportunities but also to many challenges. Security is a big issue that is oftentimes brought up. With billions of devices being connected together, what can people do to make sure that their information stays secure? Will someone be able to hack into your toaster and thereby get access to your entire network? The IoT also opens up companies all over the world to more security threats. Then we have the issue of privacy and data sharing. This is a hot-button topic even today, so one can only imagine how the conversation and concerns will escalate when we are talking about many billions of devices being connected. Another issue that many companies specifically are going to be faced with is around the massive amounts of data that all of these devices are going to produce. Companies need to figure out a way to store, track, analyze and make sense of the vast amounts of data that will be generated.
The analyst says “by 2020 there will be over 26 billion connected devices.
The IoT can be applied to things like transportation networks: “smart cities” which can help us reduce waste and improve efficiency for things such as energy use; this helping us understand and improve how we work and live.
Barcelona Smart City claims-
over last ten years has made one of the most IoT integrated smart city in the world by placing sensors that tell people where parking spots are-they have increased revenue for parking over $50 million per year. They have decreased their energy cost by $37 Million a year purely by having IoT in lights to tell them when they actually need to turn on and when people are there to use them. Their smart gardens saved them $58 Million a year in water usage just by watering in the right places at the right time.
IoT is here. It’s not a futuristic or an idea. It’s a reality.
Jordan Duffy (a tech innovation leader) says-
So as we welcome the whole universe to the next era of connectivity I ask once all our tasks are automated, when the things we currently do every day, the jobs the half of us love and half of us hate are actually replaced by IoT devices, Artificial Intelligence, Interconnectedsystems, what do we do?
We come back to creativity, innovation and humanity. We cannot replace our need to create new things to improve them and to build interpersonal relationships.
IoT is the beginning of the new era.
WELCOME TO THE WORLD OF CONNECTED DEVICES SO CONNECTED US.
So what do you all think, Can IoT help India in Making it even more Digital or Smart? Do let me know.
This is Piyush Agarwal signing off. Thanks for showing interest or for bearing me. Hope you read my next article. Till then #StayConnected #StayTechie.