Is IoT Revolutionizing Urban Life? 6 Ways It's Making a $1 Trillion Impact!


Abhishek Founder & CFO cisin.com
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IoT Revolutionizing Urban Life: 6 Ways, $1 Trillion

In an ongoing effort to monitor a few of the intricacies of the Internet of Things (IoT) ecosystems, IOT Analytics, which offers market study around the IoT, mined numerous sites to confirm and classify 1,600 real enterprise IoT jobs.

Supplied a planet that currently contains 37" megacities"--each having a population over 10 million--and also migration to cities as individuals search for opportunities and a greater quality of existence, cities need to have "smarter" to be able to effectively manage resources, relieve overcrowding and visitors, and supply healthy and sustainable surroundings.


What is The Internet of Things?

What is The Internet of Things?

A network of physically connected objects that communicate with one another over the Internet is known as the "Internet of Things." These Internet of Things gadgets exchange information with other gadgets and software. The data "talks" to us and other linked devices in a variety of ways.

IoT devices can generate sensorial, biotelemetry, and many other types of data, from wearables to industrial sensing devices.

A network of Internet-connected devices is referred to as IoT. These gadgets can be compared to tiny computer processors that employ machine learning to interpret sensor data. IoT gadgets include cold storage temperature monitors, smart warehouse vehicles, and fitness trackers.


The Complete IoT System Consists Of 4 Parts

The Complete IoT System Consists Of 4 Parts

1. Sensors/devices

Sensors and smart devices send data to the cloud.


2. Data collection and connectivity

With the aid of a link, data is sent from a device to the cloud. The way the devices connect will depend on their respective functions.

The most common methods are:

  • HTTP/S.
  • Bluetooth.
  • RFID readers.
  • FTP.

There are many new communication protocols that are specific to IoT. Data is transmitted to a gathering point within a cloud or data center using one of the above methods.


3. Data Processing and/or Machine Learning

The information that the IoT gadget gathers from its surroundings is processed by software. The device is capable of carrying out tasks like alerting the user or setting a sensor to alter automatically without the user's input.

Many IoT devices can gather data and automatically adjust to meet user preferences. Some IoT devices are smart because they combine machine learning and data processing.

It is amazing that IoT devices are able to learn without the need for programming.

Consider the intelligent thermostat that regulates the ideal indoor temperature or the intelligent refrigerator that notifies you when you run out of a specific grocery item but also places an order for more.


4. User Interface

The way we use IoT devices continues to undergo revolutionary change because of automation. A conventional user interface is still necessary for some decisions or actions, though. Using the same smartphone, a user may want to change the thermostat or see the IoT security camera that was installed in their home. The user can enter data or make adjustments using an IoT user interface.


IoT in Action

IoT in Action

IoT devices can often be split into three categories: consumer and government. Let's examine a few IoT devices that fit into each of these categories.


Consumers

This is the one that we are most familiar with.

These are some examples of IoT devices found in the consumer space:

  • Wearables:Smartwatches (such as the Apple Watch), fitness trackers (such as the Fitbit), and smart apparel (such as the Owlet Smart Sock 2).

  • Smart Home Appliances: Smart thermostats, e.g., Nest Learning Thermostat, Smart speakers (e.g., Amazon Echo, Connected Lighting.)

  • Connected cars: Over-the-air updates (e.g., Tesla, Driverless cars (e.g., Olli powered with IBM Watson).


Enterprise

IoT is seen as more beneficial for the Enterprise than it is for consumers by some. If the 'Enterprise can find a way to use the wealth data from IoT devices, then there are many benefits, including increased efficiency (e.g., A machine that automatically orders new supplies in order to replenish the existing stock before it runs out. This will reduce operational costs. Adjusting energy consumption according to different usage levels.

These are just a few examples of Enterprise IoT devices:

  • Manufacturing: Asset tracking (e.g., LotTrack, Supply Chain Management (e.g., CargoSense)

  • Healthcare: Improved efficiency (e.g., Digital Medicine (e.g., Proteus Discover)

  • Agriculture: Monitoring environmental conditions (e.g., Edyn Garden Sensor), Livestock health monitoring (e.g., ANEMON System


Government

IoT has also been applied in many sectors of government.

A few examples include:

  • Smart Cities- Smart lighting (e.g., Smart Parking).

  • Environmental Monitoring- e.g., Texas LCRA Flood Sensors.

  • Public safety- e.g., New Orleans.


IoT: Considerations

IoT: Considerations

This section will discuss a few things you should consider when talking about IoT, including connectivity and data storage and analysis, and security.


Connectivity

The ability of IoT devices to connect to a network and share data is referred to as connectivity. Wi-Fi, Bluetooth (including Bluetooth low energy), Near-Field Communication (NFC), and cellular are the most popular IoT communication technologies (e.g., LTE). Other networking technologies that concentrate more on the Internet of Things include ZigBee and Thread.

Before we examine connectivity, let's talk about network addressing for a bit. Any device that is linked to a network needs to have an IP address, regardless of the protocol that is used to connect them. The adoption of IPv6 is rising as a result. The number of publicly available IPv4 addresses has reached its limit, and by 2020, there are expected to be too many Internet of Things (IoT) devices connected to networks (more than 20 billion, according to Gartner).


Analysis and storage of data

IoT creates a storage issue. Where will we store the zillions of IoT data points? It could be required to decide between local and cloud storage depending on the type of analysis you are performing with the data. According to this blog post, cloud storage is not ideal for real-time data processing.

Data storage is closely related to what you do with data once it's received, i.e., analysis. It is not worth collecting data if it cannot be translated into actionable intelligence (except for records).

IoT device deployment is made simpler by a number of platforms. These platforms are a wide range of service providers, such as data interchange, application management, analysis, and storage. Amazon Web Services IoT Platform and Microsoft Azure IoT Suite are two examples of these platforms. IoT Platform from IBM. IoT platform from ThingWorx.


Security

IoT security is a prominent topic right now. A distributed denial of service attack that targeted Dyn, a Domain Name System (DNS), in 2016 had a significant impact on websites like Amazon and Twitter. Mirai-based botnets were discovered to be the primary source of the attack after the examination. IoT devices like DVRs that run Linux frequently become infected by the malware known as Mirai. Mirai is malware that primarily targets Linux-based Internet of Things (IoT) devices (such as IP cameras and DVRs), turning them into "zombies" that can attack other IoT devices.

IoT devices may be more challenging to secure because of their size and inability to be used in conventional network contexts, but security must be taken into account while developing these devices. You wouldn't want the transmission in your linked automobile to be harmed while you're on the road, would you?

When discussing IoT, there are other factors you should take into account. These include privacy (what are your plans for the data you have obtained), software/hardware management (can the software be updated remotely, or does the entire device need to be replaced), interoperability, and connection amongst IoT devices.


What is The Importance Of IoT?

What is The Importance Of IoT?

In a nutshell, the Internet of Things is a large network of interconnected objects. The network is expanding minute by minute. IoT devices currently number over 50 million. Then, this extensive network of interconnected devices produces and sends data to other systems or devices. The value of IoT is dependent on communication. It enables organizations and individuals to get knowledge, access unprocessed data, and base decisions on the data.

IoT has many benefits, and companies are beginning to see the potential for their business. However, there are risks and downsides to the Internet of Things security standards.

Currently, consumer-based IoT devices make up the majority of the market. These include wearable fitness trackers, refrigerators, smart TVs, and cars. Security cameras, smart building infrastructure, connected electric meters, and RFID chips, however, are equally advantageous to enterprises.

Processor prices are at an all-time low, and wireless networks enable the connection of nearly everything. A new point of interaction between the digital and physical worlds can be made with the help of data-generating sensors and "smart" technology.

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IoT: Pros and Cons

IoT: Pros and Cons

The Internet of Things (IoT) has seen many major changes and has improved over time. The following are some of the key benefits of IoT:

Simple Access IoT can be used for many purposes that simplify life. Because it works in real time, users benefit from smart solutions. You only need a smartphone that has internet connectivity.

Imagine that your entire life is controlled and connected to technology. Imagine how much easier your life could be!

IoT-enabled devices can inform you via text messages or other communication methods about the status and condition of your groceries. Your refrigerator may notify you via text message that your milk supply has run out.


It makes our lives so much easier

Imagine your alarm ringing at 6 o'clock in the morning. You are lazy and decide to turn it off. It will then connect to the geyser to heat the water to the desired temperature. It will also instruct the coffeemaker to begin brewing the coffee without you being awake.


Smart Cities are made possible by wireless technology

IoT-enabled gadgets ensure that electricity isn't wasted. They automate the operation and require minimal human intervention. It switches street lights off automatically when it is daylight and turns them on when darkness sets in.

You can monitor the vibrations of buildings, bridges, and monuments with the help of IoT devices in the event they become overloaded. These are great examples of IoT in a smart city. Schools and hospitals can reduce noise pollution and preserve peace.


Communicate with Eases

IoT promotes Machine to Machine (M2M) connection between gadgets and enables you to automate and manage daily taxes.

More than half of the 27.1 billion devices are supported by machine-to-machine communications, according to CISCO research.


You can save money

DHL reports that IoT can help businesses reduce production costs. DHL reports that IoT will help businesses save production costs on a large scale by allowing electronic appliances to communicate effectively.

IoT makes our systems more efficient by allowing data to be communicated among electronic devices and then translated in the way we require.


Business Benefits

IoT can assist you in finding fresh business chances by examining data samples from your most valuable clients. It collects network data before using advanced analytics to find commercial insights and prospective prospects.

IoT devices can predict customer needs and help you analyze data. This allows you to explore new opportunities for work and generate new revenue streams.


Increased Productivity

Productivity is directly correlated with a company's profitability. Just-in-time staff training is offered via IoT, which also increases labor productivity. Additionally, it decreases skill gaps while boosting organizational productivity. We end up with extra time to engage in other activities.

These are all great benefits of IoT. However, it is important to also consider the downsides of IoT and how they impact you in real life.


Cons IoT

Cons IoT

Let's look at the drawbacks of IoT.


Complexity

There are some drawbacks to the technical advances and better user experience that IoT offers. Let's say you received a message from your friend stating that the milk packet had expired. In this instance, you and your friend will each purchase a milk package.

This makes the whole process quite complicated. It would be wise to register only one number with an IoT-enabled device.


Compatibility

There are millions and billions of connected devices in the IoT ecosystem. However, every device is made by different manufacturers, which raises questions about compatibility in Monitoring and tagging.

There is no common standard that all manufacturers can use. Bluetooth can be used to connect multiple devices, but there are compatibility issues with the best IoT device application.

This compatibility issue could force buyers or users to purchase devices from a particular manufacturer, which could lead to a monopoly on the market.


Privacy or security

Data transmitted via IoT devices can expose you to privacy breaches. It is important to check the data encryption. IoT's rapid growth has created privacy and security issues.

IoT devices that are connected to your laptop or desktop increase the risk of customers leaking their personal information as the data is being transmitted and collected from the IoT device.


Employed less or menial staff

The IoT is growing all over the world, which could lead to monotonous and dangerous jobs being replaced and unskilled workers being fired. All of these factors could lead to unemployment in the society.

IoT is automating daily tasks, which means that there will be less need for human resources and less qualified staff. Learning new methods of working can increase or stabilize a person's employment ability.


Technology takes control of life

The IoT has had a profound impact on almost everyone's lives in every possible way. Everybody has become dependent on technology in their daily lives, whether they are older or younger.

This dependency will be strengthened by the IoT. There are always flaws in every application. If an IoT infrastructure fails to work or crashes, relying on IoT devices can cause problems.

Read More: What Is an IoT Ecosystem? And What Are Its Components?


Some Important Ways Cities Are Enjoying Benefits of IoT

Some Important Ways Cities Are Enjoying Benefits of IoT

So just how are cities now leveraging IoT to enhance urban lifestyle and raise the joy of town dwellers? Below are six illustrations.

Relieving Traffic Problems: Among the first issues many businesses obviously concentrate on using IoT campaigns is easing traffic congestion and also assisting motorists in finding somewhere to park. An incorporated IoT-enabled infrastructure of intelligent traffic systems, safer streets, led parking, frictionless cost, and parking payments may give up to 60 hours every year to motorists trapped in their cars, based on an Intel-sponsored analysis. Information from the Intelligent Transportation Society of America also demonstrates that 30 percent of traffic congestion in towns leads from drivers searching for parking areas.

Making Air Quality Better: Sensors embedded in streets or even HD cameras mounted onto clever streetlights could ascertain when parking areas are vacant, and motorists can discover the closest available place with a smartphone program. And since pictures contain substantial quantities of information, one embedded computer vision program may accumulate various kinds of information. With the years, improvements in the hardware and software enable more capacities for exactly the exact same price, power, and size. Therefore a system initially deployed to track parking spaces can be updated to track traffic streams, potholes and garbage.

This type of parking process was set up in Barcelona, where visitors were reduced since fewer automobiles were circling blocks searching for a distance. Reducing auto exhaust emissions then improves air quality.

The detectors send that data to your cloud, and that guides other motorists to start-out spots.Three apparatus, also made by the company, happen to be secured into streetlights in vegas, which will be experimenting with tracking air quality and altering the routine of traffic lights if carbon dioxide builds up at a specific place. The organization's engineers condensed an air-quality tracking system of the magnitude of a transport container till it could fit within a container the size of a backpack. The machine costs a tenth as far as rival technologies and evaluates a dozen factors, such as carbon dioxide and carbon dioxide.

Increasing the Efficiency of Traffic Circulation: Las Vegas is experimenting with quite a few pilot projects in a place downtown it is calling "the Innovation District." One goal is to enhance traffic by deploying sensors at intersections together with machine learning. The detectors can measure automobiles and pedestrians, and at some point, the system achieves to intuit traffic patterns--and also matters such as the way Monday traffic differs from Friday traffic. It may subsequently make recommendations for optimizing the traffic stream.

Making Access to Government Services Easier: San Antonio is enhancing the standard of life in advanced ways. The town is distributed over 460 square kilometers. Therefore appearances in court may involve a lengthy drive for a few. The town has eased this difficulty for people with video court monitors in court kiosks throughout the metro region. Police officers may also use the machine to quickly acquire warrants when required.

Enhancing Life for Senior Citizens: A convergence of progress can also enhance life for the older, which makes it a lot easier for them to maintain their autonomy and stay in towns having easy access to cultural activities, health care centers, older friends, and familiar areas. One of those developments is the arrival of "frictionless" public transportation, permitting seniors--and the rest of us to maneuver around town easily. With frictionless transportation, all types of transport are going to be optimized and connected to generate a simple experience.

Payments will be managed by a centralized platform, employing a card or even a program. Your smartphone will inform you of the precise arrival time of a train or bus, and a program will even help plan the perfect path if it entails shifting modes of transportation. You are able to board a bus or even the subway, having already paid for your ticket with your cell phone.

Enhancing Healthcare: Still another converging advancement is the brand new selection of IoT-connected health devices like vitals-tracking wearables. Heart monitors may observe disorders such as arrhythmia and alert physicians to undesirable events in real-time, and also intelligent glucometers can monitor blood glucose readings by means of a smartphone program.

Sensors embedded in rectal implants may convey post-surgery performance. Remote tracking tools may enable family caregivers to track seniors unobtrusively by, for example, alerting them if a connected device such as a coffee maker has been switched on--if there's a deviation in the daily life activities, a relative can follow up. Smart senior houses have started to utilize machine learning and predictive analytics to draw advice from seniors' patterns and some other deviations, alerting personnel if something sounds off.

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Conclusion

There are many beneficial uses for the Internet of Things that can simplify our lives, such as in healthcare, transportation, or agriculture. However, security, privacy, and data storage are all significant factors. It's important to note that networks have connected to items in the past without their being referred to as part of the "Internet of Things."It is crucial to consider the following before hopping on the Internet of Things bandwagon: Is it necessary to connect this item? How linked, if at all?