Internet of things (IOT), is a system of interrelated computing devices, mechanical and digital machines provided with UIDs and ability to transfer datas over a network without requiring human to human or human to computer interaction. The definition of the internet of things has evolved due to the convergence of multiple technologies, real time analytics, machine learning, commodity sensors and embedded systems. The Internet of Things is an extension of connectivity into a broader range of our environment which enables greater data insights, analytics and control capabilities of our world. From our perspective, we like to think about the Internet of Everything (IoE). This is because while the ‘things’ in the equation are the key driver in some of the new components of this internet evolution, there are still the critical existing components of the Internet (servers, applications, users, organizations and more), with which all these ‘things’ need to interface and interact.
CHALLENGES AND OPPORTUNITIES
The demand for connected devices spans multiple industries, including energy, automotive, consumer devices, healthcare and more. Ultimately the potential in solving real-world problems is only limited by your imagination and time horizon to consider. The demand for connected devices spans multiple industries, including energy, automotive, consumer devices, healthcare and more. Ultimately the potential in solving real-world problems is only limited by your imagination and time horizon to consider.
The first is the ability to enable improved efficiency and thus improve the cost drivers in a business environment. The second is the ability to add new features into a product or service which aid in competitive differentiation, adding additional value to the buyers of the product/service and allowing the provider to collect additional revenues.
Internet technology provides various services via network. With the diversification of terminals and development of internet technology, internet technology has come into the stage of Next Generation Network(NGN) technology. Compared with the current Internet technology that provides services in the imaginary space. It links things together via sensors and wireless communication technology to collect a variety of information on the condition of people and their surrounding space in the real world, by providing information on many topics that could get people worried and curious such as medical analysis, engineering, business revenues, smart grid transmission, agriculture, news, technology and so on.