It is a new technological term of the movement called the “Internet of Things”. Simply said, it’s interconnection of tech gadgets & devices to internet with unique identifiers. And such devices have ability to transfer data over a network which includes smart phones, cars, home automation devices, computers, tablets, micro-electromechanical systems, electrical devices to anything which is in binary state. To certain extent, this is already implemented by some of rich & luxury-seeking millionaires. This was bound to happen, considering the increasing speed & decreasing cost of internet.
The Industrial Internet of Things (IIoT) is the use of Internet of Things technologies by industrial organizations to deliver better performance and enhance competitive advantage — not only in an individual facility, but across an industrial organization’s supply chain and throughout its value network.
Consider the impact in healthcare specifically. In a scenario in which sensors deployed throughout a home or worn on or even embedded in a body — are constantly relaying patient’s data back to healthcare providers for analysis and monitoring. This service can prove transformation point for assisted living and wellness care. In similar manner, the IoT can help people live healthier, longer and more independent, fulfilling lives by enabling a revolutionary “e-health” capability across the world.
European farmers are using wireless sensors on cows. So that when cows are sick or pregnant, it sends a message to the farmer. Each cow transmits several Mb of data per year.
As per recent survey by Zebra technologies, more than 85% of firms in Asia Pacific believe that IoT solutions will be the most strategic technology initiative for their organizations in coming decade, which is higher than global 80% average. Globally, 83% identify that Wi-Fi infrastructure & real-time location tracking technologies are important building blocks of IoT solutions.
When it comes to challenges for IoT, cyber security tops the list. For example, think of a hacker getting into the IoT and shutting down a utility. It is obvious that the consequences of an IoT security breach could be severe and unimaginable. And the IIoT makes this problem so much greater.
During 2008, the number of things connected to the internet exceeded the number of people on earth. By year 2020, it is estimated that around 50-100 billion devices will be connected in the globally emerging IoT.