The Internet of Things is a vast network of connected devices with sensors and communication functions that is at the core of technology in the fourth industrial revolution era. In case you were wondering, IoT is what powers the vast range of tech-based tools and activities that have become part and parcel of our lives. Excellent examples of IoT-anchored domains include the likes of home security and automation, remote work, online casino gaming, video streaming, and eSports.
Essentially, this tech works by collecting data, processing it in intelligent systems, and uploading it into the cloud before rolling it back out per the required configuration. The set-up creates new values that are more than simple automated systems and in a more connected smart world. In turn, thanks to smart grids, healthcare and home systems, inter-connected cars, and modern AI-powered electronic systems, the world is gradually reaching the hyper-connected future that was predicted when IoT was taking root.
How Is the Expansion of IoT Beneficial?
The Internet of Things is a paradigm shift that has increasingly transformed the traditional lifestyle into a high-tech way of living, and it's indeed something to behold. Through this innovation, we're experiencing significant transformation in matters like energy saving, pollution control, and transportation, among others.
Well, admittedly, there are still some challenges associated with its expansion, but the benefits outweigh any downsides by far. That said, the challenges need to be addressed to enable humans to achieve the full potential of IoT. Some of the most beneficial structures in the modern world include:
- The concept of SHS (smart home systems) and appliances have made life easier, more efficient, and more productive. They typically consist of Internet-based devices, reliable energy management systems, and home automation services;
- The medical domain scenario has been changed as a result of highly technological device implementation. For example, a smart health sensing system that utilizes small intelligent devices to help humans monitor and be more aware of their health indoors or outdoors has been incorporated;
- Transportation is now more reliable, comfortable, and way more efficient than it used to be. Imagine a drone controlling traffic in a major city!- well, that's not a futuristic movie anymore. It’s already happening in developed nations like China;
- Modern vehicles have pre-installed sensing devices that indicate when you're in danger of hitting something or sense there is traffic in a certain route and suggest another on the map.
For sure, the scope of the Internet of Things has expanded into something that many people could hardly imagine in terms of humankind facilitation and technological enhancements. Additionally, advancements in these technologies have become drivers of revolutionary steps in economic and industrial growth.
However, in terms of data security, IoT poses a major challenge yet to be dealt with. This is mainly because the Internet is the largest source of cyber thefts, as hackers have more open doors here than anywhere else. As a result, industry experts in the field are now taking security more seriously as one of the biggest concerns of IoT implementation in the realms of economics and trade.
Leading IoT Technologies
The following key technologies dominate 80% of the global Internet of Things infrastructure:
- Wi-Fi: About 31% of global connections are Wi-Fi-powered devices, some based on Wi-Fi 6E and Wi-Fi 6 techs. These enable faster and more reliable wireless connectivity, which improves communication between individuals and institutions;
- Bluetooth: Bluetooth Low Energy (BLE) makes up about 27% of reliable global connections. BLE is now a more reliable technology for battery-powered devices like asset tracking devices and smart home sensors. An increased interest in the IO-Link has been witnessed in the industrial sector, as it allows wireless communication between actuators and I/O masters;
- Cellular: The global cellular connection rate has been growing due to the adoption of newer technologies like 5G, LTE-M, LTE-Cat1 bis, and NB-IoT. Older technologies, such as 2G and 3G, are being phased out, although the growth of the 5G network is still slow. China is the leading country in cellular IoT developments, with China Mobile, China Unicorn, AT&T, Verizon, and Deutsche Telekom experiencing the most notable shifts in recent years.
Big Data, the Secret Sauce
In the simplest terms, IoT is perhaps well described as a network of related technologies (including sensors, the cloud, RFID chips, and data analytics) used to cultivate a smarter existence for global populations.
Moreover, as the scope of the Internet of Things continuously expands, big data is turning out to be the fuel that will catapult us to the promised land – a hyper-connected future. Today, consumers, businesses, and governments are using the integration of big data and IoT to give more improved services that enhance the welfare of mankind.
