Internet of Things: Is It Real and How Can it Change our Life

The Internet of things trend is gaining more and more popularity these days. As a rule, the notion of IoT is inseparably associated with something smart: smart houses, smart transport, smart companies. And though practically every day tech publications write about something new in this sphere, many people still don’t fully understand what is the Internet of things and how it can change our life. So let’s see what is that and what to expect from it in next years.

The Internet of things concept

The Internet of things is a single system of interconnected objects, devices, animals or even people which have unique identifiers and can transfer data over a network without human-to-computer or human-to-human interaction.
A “thing” can be a person with the implanted heart monitor, a cow with a tracking transponder or a quite simple mechanism in the car that reports the driver current about current tire pressure state, or any other object that features an IP address and has the possibility to transfer data over a network.
This technology overall is not only the main trend of modern tech world but also a new stage of Internet development which opens up vast opportunities with the prospect of full integration of the virtual and real worlds.

Historic facts

Let’s have a look at several interesting historic facts related to the Internet of Things. For sure, this notion is closely connected to such things as the creation of the Internet itself, the creation first web page and many other events and facts, so we selected just most fascinating and memorable ones:

• Back in 1926 in an interview for Collier's magazine Nikola Tesla predicted that radio would be transformed into a "big brain" and that all the things would become part of a unique system with the tools that would make it possible easily fitting your pocket.

• In 1990, a graduate of MIT, one of TCP / IP protocol fathers, John Romki, created the world's first Internet-thing. He connected his toaster to the net.

• The term "Internet of Things" was suggested by Kevin Ashton in 1999. The same year the Center of Automatic Identification (Auto-ID Center) was created, specializing in radio frequency identification (RFID) and sensory technologies, thanks to which this concept was widely adopted.

• In 2008-2009 there was a transition from the "Internet of people" to the "Internet of things", i.e. the number of items connected to the network exceeded the number of people.

Perspectives

We are on the verge of drastic changes, of the world where will not have to press buttons to order the coffee machine made us cappuccino. We will have the necessity to control lighting - we all will have special devices that will do it for us.
Electricity consumption could be significantly reduced due to the control systems installed in each house and which will make part of a huge energy-efficient urban network.
Medicine is also expected to make a huge step forward: there’re special sensors connected to the network, through which we can diagnose and even identify the causes of the disease, and with IoT development such devices will be in every home!

iot-expansion

Predictions

BI Intelligence, Business Insider's research service, reports that by 2020 there will be more than 24 billion IoT devices on our planet that’s about four devices for every human being on the planet.
The service also predicts that more than $6 billion will flow into the Internet of things solutions over 5 several years, including application development, device hardware, system integration, data storage, security, and connectivity. But that will be money well spent, as those investments will generate $13 trillion by 2025.
Who will reap these benefits? There are three major entities that will use IoT ecosystems: consumers, governments, and businesses as IoT with help them to:
1) lower operating costs;
2) increase productivity;
3) expand to new markets or develop new product offerings.

So, InToSoft specialists have already been involved in development IoT project for agriculture representatives who aimed to create highly effective cow pasture system that would allow farmers to track cattle’s movement which has direct impact on milk quality. Moreover, we have experience in working with Dutch public utilities organizations who want to renovate water level control systems by implying latest sensor technologies.

Can you predict future IoT breakthroughs? Or is there any chance that you want to challenge us with a brilliant IoT idea? Give us a call or leave a message in the form below!

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