Technology never fails to bring us exciting developments and always promises to make our lives better. In recent years, there has been an explosion of technological creativity and innovation, with bold projects being undertaken in all corners of the Earth: from wireless power, 3D printing, gamification, autonomous vehicles and Automatic Content Recognition, to mobile robots and – the topic of this post – The Internet of Things, or, as some call it, The Internet of Everything. Sounds grand? Well, it’s probably because it is. The promise of this enterprise is nothing short of game-changing, with the ultimate goal of bringing all inanimate objects to life, in a truly Frankenstein-esque fashion.
What is Internet of Things?
The Internet of Things (IoT) is a scenario in which every thing – device, human, network etc. – has a unique identifier and the ability to communicate over the Internet. The idea is to create a situation where we don’t have to control each piece of equipment separately, but instead have a top level control over a complex chain of integrated events, over an ‘army’ of interconnected devices that can communicate with each other as well as with us.
Internet of Everything combines several trends, including cloud computing, the growth of connected devices, Big Data, the increasing use of video, and the increasing importance of mobile apps compared to traditional computing applications. The Internet of Things is an evolutionary outcome of the trend towards ubiquitous computing, a trend that assumed the need of embedding processors in everyday objects.
Kevin Ashton, cofounder and executive director of the Auto-ID Center at MIT explains the potential of the Internet of Things:
“Today computers-and, therefore, the Internet-are almost wholly dependent on human beings for information. Nearly all of the roughly 50 petabytes (a petabyte is 1,024 terabytes) of data available on the Internet were first captured and created by human beings-by typing, pressing a record button, taking a digital picture or scanning a bar code…
“The problem is, people have limited time, attention and accuracy-all of which means they are not very good at capturing data about things in the real world… If we had computers that knew everything there was to know about things-using data they gathered without any help from us-we would be able to track and count everything, and greatly reduce waste, loss and cost. We would know when things needed replacing, repairing or recalling, and whether they were fresh or past their best.”
‘Run your world on a smartphone’
Although it still sounds like a futuristic fantasy, the IoT is already happening, with many technologies in very advanced stages of development. The potential of this technology has inspired developers to produce solutions geared both towards the consumer and the B2B market.
The battle for hearts and minds of consumers is centred around home automation, with companies such as SmartThings, Nest Labs and Ninja Blocks leading the way. Another important consumer-facing area is quantified self, which is playing a great role in developing consumers’ awareness of the potential of the IoT.
Beyond consumer, B2B vertical applications of the IoT hold considerable promise in a number of areas such as transportation, manufacturing, healthcare and retail.