IoT application and its implications

A system of physical things embedded with sensors, software, electronics, and connectivity to allow it to perform better can be defined as The Internet of Things or IoT. By exchanging information with other connected devices, the operator or the manufacturer IoT signifies the importance of IoT Application. Let’s dig a little deeper to know the some more about the same.

What is IoT application?

IoT applications are present across various industries, offering a wide range of benefits for smart homes, travel and transportation, health and personal care, retail, agriculture, construction, and more. In the industrial sector, IoT is heavily involved in automation and logistics. As time progresses, IoT applications will continue to evolve, providing smarter solutions that adapt to human behavior, leading to increased efficiency and convenience in everyday life.

Why is it important?

As a direct result of IoT, businesses are awakening to a new era of the digital enterprise aspiring companies to find new ways of delivering their products and services. The future battlegrounds for most companies won’t lay within the products they produce or service they offer but instead in the software and automated service layers, those products and services would be wrapped in.

Statistics around IoT 

As per the Ericsson Mobility Report, there are currently 4.6 billion connected devices excluding phones, tablets, and laptops which is expected to increase to 15.3 billion in the next 5 years.

A recent study released by Gartner says that 43% of all companies are using or plan to implement an IoT application in 2016. Are you one of them?

Samsung SmartThings Hub is a successful example IoT solution. Not all smart home devices are single pieces of equipment—there are entire systems that you can use to automate your home. For example, the SmartThings system lets you control lights, locks, plugs, thermostats, cameras, and speakers from a central hub that you can access from your smartphone, as well as a wide range of sensors that you can use with the Smartthings system to create a security solution that’s integrated with all of the other electronics in your home.

There are still some barriers to adoption, however, for example, a battery life of devices and cost of devices. GSM and 4G networks are used more, more for IoT application and new advancements recently made in the network software, and device stack will greatly improve on these aspects.

An end-to-end IoT system contains the following: 

• Hardware: like sensors or devices. These sensors and devices collect information from the setting (e.g. associate degree air quality sensor) or perform actions within the setting (e.g. raising alarm).
• Connectivity: The hardware wants the way to transmit all that information to the cloud (e.g. causation air quality data) or wants the way to receive commands from the cloud (e.g. raise alarm). for a few IoT systems, there is associate degree intermediate step between hardware and connecting to the cloud, like an entrance or router.
• Software: This package is hosted within the cloud and is answerable for analyzing the info it’s grouping from the sensors and creating choices.
• User interface: to create all of this convenient, there must be the way for users to act with the IoT system; e.g. an online app with a dashboard that shows air quality trends and permits users to require action.

Now to facilitates communication, data flow, device management, and also the practicality of applications we’d like a whole platform that is named IoT platform. And it’s associate degree important a part of IoT scheme.

There area unit over three hundred IoT platforms as of last year and this variety continues to grow. The IoT platform market is growing at a compound annual rate of growth (CAGR) of thirty-third and is anticipated to achieve a $1.6 billion market size in 2021.

An infrastructure of IoT Platform:

1. Connectivity & normalization: to make sure correct information streaming and interaction with all devices it brings completely different|completely different} protocols and different information formats into one “software” interface.
2. Device management: It ensures the connected “things” area unit operating properly, seamlessly running patches and updates for package and applications running on the device or edge gateways.
3. Database: ascendable storage of device information which handles data volume, variety and speed.
4. Processing & action management: Rule-based event-action and execution of “smart” actions supported specific sensing element information.
5. Analytics: Performs a spread of advanced analysis from basic information clump and deep machine learning to prognostic analytics extracting the foremost worth out of the IoT data-stream.
6. Visualization: permits humans to check patterns and observe trends from visualization dashboards wherever information is vividly pictured through the line, stacked, or pie charts, second – or perhaps 3D-models.
7. Additional tools: permit IoT developers model, check and market the IoT use case, making apps for visualizing, managing and dominant connected devices.
8. External interfaces: Integrate with 3rd-party systems and also the remainder of the broader IT-ecosystem via constitutional application programming interfaces (API), package development kits (SDK), and gateways.

Getting started with IoT application:

IoT is a multiyear journey, not a one-time event. As you embark on the IoT journey in your organization, changing culture may be your toughest challenge. So think of your task as not just implementing IoT solutions, but as a change management process that will likely transform your company.

For example, A smart city can benefit from the cloud-based deployment of its IoT systems and applications. A city is likely to deploy many IoT application, such as applications for smart energy management, smart water management, smart transport management, the urban mobility of the citizens and more. These applications comprise multiple sensors and devices, along with computational components. The best way to start on your IoT journey is with a small project that can generate immediate payback. If your organization’s leaders see that a small IoT investment pays off, they’ll be more willing to invest in larger, more strategic IoT implementations.

Cloud Hosting for IoT Application:

The IDC has been monitoring IDC development and adoption and has stated that hosting providers will need to respond to the advent of IoT applications with increased infrastructure. As the number of devices grows and businesses leverage the new opportunities, hosting providers can plan now to deal with the influx of network traffic. Thinking big about IoT’s impact on your business? Check out our cloud & infrastructure services and learn more about preparing for the IoT revolution.

Conclusion

The Internet of Things (IoT) is revolutionizing various industries, offering smarter solutions that enhance efficiency and convenience in daily life. With the exponential growth of connected devices and IoT platforms, businesses must adapt to this digital transformation to stay competitive. Embracing IoT can lead to substantial benefits, making it crucial for companies to explore and invest in IoT applications for future success. For more insights on IoT and its intersection with cloud computing, check out our blog on Cloud Computing Trends.