How is IoT changing our lifestyle?

Internet of Things keeps advancing as the time is pacing ahead with the growth in technologies. IoT changed drastically since the immemorial time of it’s inception. Firstly, what is the Internet? Concisely as stated by the Wikipedia, “The Internet is the global system of interconnected computer networks that use the Internet protocol suite (TCP/IP) to link billions of devices worldwide.”

From one of the recent articles from ‘Business Insider’, “IoT has been called the next Industrial Revolution as it is going to change the way all businesses, consumers, and governments interact with.”

Nowadays, more devices are being created with Wi-Fi capabilities and the cost of connecting is decreasing due to the increase in broadband Internet which has become more widely available. One in two uses smartphones and with the assistance of growing technology and Wi-Fi hotspots provided around in most of the organisations and places, one can have the access to the internet which resulting in performing any task within no time. Internet is widely used throughout the world because of it’s accessibility.

What is the Internet Of Things?

Most of the people have not heard what IoT is. It is a term refers to devices that collect and transmit data via the internet. ATMs (Automatic Teller Machine) were considered to be one of the first IoT things objects around 1970s. By many surveys, in the year 2008, there were more objects connected to the internet than people.

By 2020, 250k vehicles will be connected to the internet in which they can be self-driven. Multi national companies like Google, Tesla motors have been experimenting on self-drive option. According to Forbes, Google’s self-driven cars average about 10,000 autonomous miles per week.

Coming to the wearable gadgets, the global device market has grown 223% in 2015. 4.4 million of Fitbit wearables are shipped, and, 3.6 million of Apple watches are sold.

With the concept that ‘Google will help us fully realise our vision of the conscious home’,

Google invests in home devices. Recently, it has bought smart thermostat maker, ‘Nest Labs’ for $3.2 billions (Thermostat is device that automatically regulates temperature, or that activates a device when the temperature reaches a certain point). Samsung also started to invest in-home devices. It has purchased connected home company ‘Smart Things’ for $200 million.

June produces intelligent oven which can be controlled through an app. Marvellous, isn’t it? It could save food and beverage industry as much as 15% annually.

With the Internet of things there are limitless opportunities for both business and society. For instance, ‘ShotSpotter’ helps law enforcement to save lives and improve community safety, and, ‘John Deere FarmSight’ helps farmers to access field information from a mobile device and assists them in performing soil sample tasks from the field, etc.

As a whole, according to some estimates, IoT will add $10 to $15 trillion to global GDP in the next 20 years, and, in this year, 4.9 billions things will be connected to the Internet.

With the use and advancement in technology, virtual information such as ideas, views, opinions, etc, is created, exchanged or implemented by the means of internet. Internet is getting connected to things in order to ease the work efforts. IoT is getting bigger due to the accessibility. IoT would have a great impact which would change our lifestyle in future. Like, the way we cook, the way we live, the way we drive, and so on.

For instance, if you are on your way to a meeting, your car could have access to your calendar to arrange the meeting schedule, and, if the traffic is heavy, your car might send a text to the other party notifying them that you will be late and already know the best route to take so that you would reach in time.

From household to work, everything can be managed through any device which have sensors installed on them to read Wi-Fi signals or smartphones. Basically, IoT, help us to reduce waste and improve efficiency for things such as energy use.