2. IoT
Iot in a simpler term is connecting any device with an on and off switch to the Internet
This includes everything from cell phones, coffee makers, washing machines, headphones,
lamps, wearable devices and almost anything else you can think of.
3. WHAT IS IOT?
INTERNET OF THINGS (IOT) IS AN ECOSYSTEM OF CONNECTED PHYSICAL
OBJECTS THAT ARE ACCESSIBLE THROUGH THE INTERNET. THE ‘THING’ IN
IOT COULD BE A PERSON WITH A HEART MONITOR OR AN AUTOMOBILE
WITH BUILT-IN-SENSORS, I.E. OBJECTS THAT HAVE BEEN ASSIGNED AN IP
ADDRESS AND HAVE THE ABILITY TO COLLECT AND TRANSFER DATA OVER
A NETWORK WITHOUT MANUAL ASSISTANCE OR INTERVENTION. THE
EMBEDDED TECHNOLOGY IN THE OBJECTS HELPS THEM TO INTERACT
WITH INTERNAL STATES OR THE EXTERNAL ENVIRONMENT, WHICH IN
TURN AFFECTS THE DECISIONS TAKEN.
4. TWO MAIN EFFECTS OF IOT
There are two main effects we see in the Internet of Things.
• First, things are connected to a service that manages them. We can now
monitor things, predict when they break, know when they are being used or
not, and in general begin to exploit things as managed resources.
• The second, bigger effect comes from the Metcalfe effect, or simply the network
effect, of connecting things together. Bob Metcalfe once stated that the value of a
communications network is proportional to the square of the number of connected
compatible communicating devices.
5. Internet of Things Technologies
The "Internet of Things" covers a huge scope of industries and applications. Below we take a
look at some of the technologies that are driving the topic, from popular communication options
to the different software and data brokerage platforms managing the data exhaust from these
systems.
"In the next century, planet earth will don an electronic skin.
It will use the Internet as a scaffold to support and transmit its sensations."
- Neil Gross 1999
