The “Internet Of Things” is the existence of uniquely identifiable devices interconnected via the Internet. The interconnection of these devices is expected to introduce automation in nearly all fields from medicine to your own home.
There is a lot of hype about IoT, and we are at the point of wondering what it will mean for us as individuals, employees, and businesses.
The IoT will change our lives.
One example could be that your toothbrush might have a chip in it and via Bluetooth will communicate with your mobile device to tell you stuff like how long it has been since you started using it or in the case of the kids' tooth brushes, have they been used recently? Technological advances like these have people wondering, is that too invasive? We will be faced with all sorts of questions about what we do and don’t want connected to the internet.
Wearable technology is already beginning to monitor health vitals and offer connected watches that monitor or report on our movements or calories burnt. One day your refrigerator could know what is inside it and your trash can knows what you threw out. Those will work together so the shopping list on your connected fridge door can ask you to confirm the online order for replacing everything you have consumed this week for delivery tomorrow.
IoT will have very practical uses across our infrastructure as well. The ability to monitor how every piece of your internet technology is running and quickly addressing problems will be vital or businesses in the long run. The Internet of Things will also have a big impact on things like street lights and traffic lights. These will soon have sensors, so those in charge of maintenance know where to replace a burned-out bulb. Pipes will be able to detect where a leak is occurring so that water wastage is reduced (today 30% of our water supply is currently lost to leaks). The infrastructure cost savings by this sort of technology in smart-pipes will equate to billions of dollars and save many valleys from being flooded by new dams.
There are plenty more examples of this sort of sensor information making big differences in our personal lives, and when this is tied to big data and data analytics the world will change quickly and significantly. The impact the IoT will have on businesses will be huge.
IoT will affect your business, so be prepared.
Some of the technology is here today and much of it is in development now. Large companies have embarked on ambitious big data projects, and many small-medium organizations have started collecting what data they can. This is leading to a growing need for data storage systems and analytics tools today.
If your business is not paying attention to the current changes in IoT technology and looking at what it means to your industry, whether you are in education, manufacturing, healthcare or consulting services, there are changes coming to technology and the IoT that will change the way your industry thinks and works. The IoT will allow organizations to minimize waste and overall be more efficient.
We will post more updates on how IoT is affecting local businesses, but in the meantime stay alert, not alarmed, and proactively seek out how the IoT changes in your industry.