Vijay Vardhan discusses his understanding of the Internet of Things (IoT) in a document containing his contact information, background, and views on IoT trends and areas of interest. He defines IoT as connecting everyday objects to the internet so they can represent themselves digitally and communicate. Vijay believes IoT will make devices more intelligent and improve human-device interaction. He also notes trends like integrating artificial intelligence into IoT, momentum in sectors like healthcare and transportation, and increased investments in research. Vijay is interested in the ubiquitous computing aspect of IoT and using it to address societal issues through applications like smart waste management and women's safety tracking.
My INSURER PTE LTD - Insurtech Innovation Award 2024
IoT trends, opportunities and challenges
1. Internet of things
Name: Vijay Vardhan
E-mail:vijayvardhan.94@gmail.com
Twitter Id:@VijayTadimeti
University: VTU
Year/Semester: 6
Branch: Information Science
2. Introduction
My Understanding of IoT
1)Anything that can be connected, will be connected.
2)Virtually endless opportunities.
3)Every object in the world will be a “thing” that is connected to
the internet.
4)Objects that can represent themselves digitally becomes
something greater than the object by itself
5)The idea that the first version of the Internet was about data
created by people, while the next version is about data created
by things.
3. Introduction
My Understanding of IoT
6)The internet has crept into daily objects and is
inescapable.
7)Devices will be more intelligent and will be capable of
communicating with each other.
8)Human-Device interaction is at a whole new level.
4. Trends
1)The concept of IoT is expected to create new innovative products and
generate additional revenue streams.
2)Of late, Artificial intelligence is being integrated into IoT
3)Healthcare, Housing,Retail,Automotives and transportation are gaining
momentum.
3) Improved productivity in certain industries due to efficient resource
utilization.
4)Increased R&D investments as compared to past figures.
5)More number of devices are being connected to the internet than before.
6)Low cost connectivity
7)Internet Internet everywhere.
5. Trends
8)In the coming years, core sectors such as Enterprise, home,
government will be benefited.
9)For the setting up IoT , it would lead to never-seen-before
infrastructure, for developing countries , generating more jobs.
10)It would lead to tremendous economic impact, a trillion
dollar market is expected.
11)IoT’s impact on society : Improved lifestyle, and ease of
access.
12)Iot will impact marketing, brands can create loyal customers.
13)It is expected to generate new businesses in the near future
6. Interest Areas
1)Interest lies in the Ubiquitous Computing aspect of IoT
2)I would make the best use of IoT to solve pressing societal
issues.
Ex: a smart dustbin that reminds you to dispose waste on time
and at the right place to preserve the sanity of the community.
Ex: Women safety application, wherein we can track the location
of the woman , along with live updates of her journey.
3)If given an internship in this area, I would like to work on IoT use
cases.