Internet of Things can potentially lead to an infrastructural makeover of any business for the better. But it has its fair share of complexities which problematize its deployment.
It has been 20 years since the term ‘Internet of Things’ was first used by Kevin Ashton in 1999. It was in a presentation to Procter and Gamble that Ashton coined the term to talk about the use of RFID in the supply chain optimization. A decade later, the IOT council marked 9th April as the World IoT Day, identifying IoT as a force to reckon with.
Today in 2019, IoT is nothing short of a revolutionary technology that holds the power to transform the business right to its core. What began with Digital Transformation pervading all levels of organizations, from the factory floors to supply chain, to the top-most managerial levels, has now led the industry to a point where it is ready to integrate all these individually technologically empowered operations into one giant spider’s web.
Talking about the technological trends that have made IoT a possibility, Asoke K. Laha, President and CEO, Interra Information Technologies, says “Some of the trends that we are seeing include are AI, social, legal, ethical IoT, Infonomics and Data Broking, the shift from Intelligent Edge to Intelligent Mesh, IoT Governance, Sensor Innovation, Trusted Hardware and Operating System, Novel IoT User Experience, Silicon Chip Innovation and New Wireless Networking Technologies for IoT.”
IoT Integrates Data
The whole point of IoT is to connect all devices to ensure easy accessibility, operability and management. What in the hands of the end users is unmeasurable convenience becomes a matter of business value in the context of the enterprise.
For the business, IoT signifies a convergence of the digital and the physical world. The first step is to connect all the devices and machines that a business uses – the physical resources and translate that to digital resources by pulling out data from them. IoT then becomes a way for an organization to generate massive amounts of Data, something that all twenty first century technologies from Cloud to Artificial Intelligence converge around.
Today, Data is the focal point of all organizations. Be it customer data, employee information, companies’ confidential formula or the performance records of the machines, Data holds the key for the success of any business. IoT collects the Data that is a crucial business asset, while Cloud helpsthe enterprise to store this data and the domain of cybersecurity keeps this data safe from potentially hackers or leaks, and evolving technologies like Artificial Intelligence and Machine Learning helps process the data. IoT then becomes, the foundational step that no business can afford to overlook if it has to survive in today’s Data centric enterprise.
You can read up to 3 premium stories before you subscribe to Magzter GOLD
Log in, if you are already a subscriber
Get unlimited access to thousands of curated premium stories, newspapers and 5,000+ magazines
READ THE ENTIRE ISSUE