The Internet of Things - 4649 Words

THE INternet of Things THE INternet of Things Contents Abstract 1 Introduction 1 Origination 1 Definition 1 Vision of the internet of things 1 Internet of things a buzzword or future reality? 2 Applications and Business opportunities of the internet of things 3 Retail 3 Supply Chains 3 Applications within the public sector 4 Government 4 Healthcare 4 Transportation 5 Overall opportunities for business 5 Technological factors in the adoption of the internet of things. 6 Miniaturisation of devices 6 Reduction in cost of components 7 Radio Frequency Identification (RFID) 7 Internet Protocol version 6 (IPv6) 8 Increasing communication throughput and lower latency 8 Real-time†¦show more content†¦Figure 1: Forecasted Growth for the Internet of Things (IDA, 2012) Applications and Business opportunities of the internet of things The sudden growth in IT investment is linked with the growth of IOT and therefore naturally an era of increased investment comes with increased business opportunities. The following section describes some of the applications of the internet of things and the opportunities in which they will bring. Retail Applications within the retails sector offer a major opportunity for business to reduce cost and increase profit. The implementation of the internet of things will enable retailers to track their inventory in real time. With products on shelves equipped with technologies such RFID TAGS and smart shelves would be equipped with sensors, retailers would be able to track the movement of products and quickly replace out of stock items. (Thomas W. Gruen, 2007) Business opportunity: For businesses this offers a major cost saving opportunity. An estimated 3.9% of sales losses each year are accounted for by shelves going empty of products in demands. With the use of sensors within retail, this would not happen due to theShow MoreRelatedInternet Of Things : Internet1052 Words   |  5 Pages INTERNET OF THINGS: ï‚ ¥ Introduction: According to a survey, in 2008 the things connected on Internet were much more than the people living on the earth that time, and since now it has grew much larger. ï‚ ¥ What is Internet of Things? Mainly they refer to the devices which are able to collect and transmit data via Internet. Internet of things or simply IoT relay to the things. Basically ‘things’ which are physical objects and are though connected with each other through a communication network. TheRead MoreThe Internet Of Things? Essay732 Words   |  3 PagesNatasha Finnegan Dr. Ekong ECE 455.001 2/1/16 The Internet of Things What is the Internet of Things? The internet of things (IoT) is the growing network of physical objects that feature an IP address that allow them to connect to the Internet. It is also considered as the communication that occurs between these objects and other Internet-enabled devices and systems. The types of interactions this network can have are people-people, people-machines, and machines-machines (M2M). The IoT broadens theRead MoreThe Internet Of Things?1105 Words   |  5 PagesThe Internet of Things The Internet has become one of the most powerful creations in modern day history. Over the past decade the Internet has continued to have a major impact on our society. It has allowed us to communicate and share information effectively and immediately. The availability of the Internet has rapidly increased and almost every device has Wi-Fi capabilities. 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Internet of Things Global Standards Initiative defines -Internet of Things (IoT) as theRead MoreThe Internet Of Things Is Defined1705 Words   |  7 PagesIntroduction The internet of things is defined as the development of the internet where every object used in daily activities has a connection to the internet allowing these things to either send or even receive data. These objects would be equipped with sensors that gauge the surrounding parameters including brightness or distance and transmit this data to the internet for use in various applications. For instance, eCLOUD is a form of artwork that was done by Aaron Koblin, Nik Goods and Nik HafermaasRead MoreTechnology And The Internet Of Things1487 Words   |  6 PagesThe Internet of Things, or as many people like to call it IoT, is a wide growing industry with technology that is advancing each and every day. Physical objects are becoming mapped with technology that us humans will eventually come in contact with and interact over the internet. The Information Technology world feeds off of this industry because the internet is storing this data that we use, and the IT industry just comprehend s it. With more physical objects being mapped in the real world, theRead MoreInternet Of Things Essay1217 Words   |  5 PagesThe Internet of Things (IoT) means that everything and everyone is connected billions of people connected to billions of devices creating a constant flow of real world data, in real time, at massive volumes. IoT provides secure, bi-directional communication between Internet-connected things (such as sensors, actuators, embedded devices, or smart appliances) and the cloud. We discover our custom IoT-Data endpoint to communicate with, configure rules for data processing and integration with other servicesRead MoreWhat Is Internet Of Things?1446 Words   |  6 PagesWhat is Internet of Things? The Internet of Things (IoT) is the network of the physical objects containing embedded systems which connects and communicate with each other internally or externally through sensors. According to David Ahrens, it is the â€Å"network of interconnected sensor-equipped electronic devices that collect data, communicate with each other, and can be monitored or controlled remotely over the Internet† (Ahrens, 2014). The main goal of its development is to connect the physical world