You are likely benefitting from The Internet of Things (IoT) today, whether you’re familiar with the term. If your phone automatically connects to your home, or if you have a smartwatch counting your steps, congratulations! You have adopted one small piece of a very large IoT pie, even if you haven’t adopted the name yet.
IoT may sound like a business buzzword, but it’s a real technological revolution that will impact everything we do. It’s the next Internet Tsunami of new possibility that is destined to change the face of technology, as we know it.
IoT represents a massive wave of technical innovation. Highly valuable companies will be built and new ecosystems will emerge from bridging the offline world with the online into one gigantic new sensor network. Our limited understanding of the possibilities hinders our ability to see future applications for any new technology. Mainstream adoption of desktop computers and the Internet didn’t take hold until they became affordable and usable. When that occurred, fantastic and creative innovation ensued. We are on the cusp of that tipping point with the Internet of Things.
IoT matters because it will create new industries, new companies, new jobs, and new economic growth. It will transform existing segments of our economy: retail, farming, industrial, logistics, cities, and the environment. It will turn your smartphone into the command center and gateway for both digital and physical objects in your life. You will live and work smarter, not harder – and what we are seeing now is only the tip of the iceberg.
A very important concept within IoT is the “last 100 meters connectivity” concept, which refers to the low-power wireless devices that operate in the short-range of 100 meters. These are the devices that represent the growth in IoT. In fact, 90% of the market share will be in the small things that are in the short range of 50 m to 100 m. The “last 100 meters connectivity” presents a huge potential since today most of these devices are not yet connected to the Internet.
Due to the heterogeneous nature of IoT service i.e. sensors, connectivity, protocols, middleware, and analytics, how do we ensure we can provide a ubiquitous IoT solution?
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