Internet of Things (IoT) is a network environment in which smart objects embedded with electronics, sensors and software are enabled to sense and transfer data over a network without human or computer intervention.
1. Ravi Namboori – Internet Of Things
Presentation By
Ravi Namboori
Visit us: http://ravinamboori.in
2. Internet-of-Things
Internet of Things (IoT) is a network environment in which smart
objects embedded with electronics, sensors and software are
enabled to sense and transfer data over a network without human
or computer intervention.
IoT has evolved out of wireless technology revolution
IoT has taken Internet and networks to places such as
manufacturing sites, healthcare facilities, transportation and
energy grids
Advanced Micro-electromechanical equipment and increased
internet connectivity have brought IoT in to limelight
3. Evolution…..
It is expected that IoT gateway technology will lighten up 500-
700 million smart homes by 2020 (First Post: Article).
Gartner a research firm estimates that there are 5 billion IoT
devices with industries and consumers today and the number is
expected to grow five times by 2020.
Experts states that in the next five years the desired hype of IoT
applications will adds smart washers, dryers and Smart lighting
to the numerous homes.
Wolf’s group predicts that the number of IoT systems will reach
15 million by 2019 which were 1.5 million U.S. homes in 2013.
4. Making Difference…..
IoT gives an edge to enterprises in
Faster movement of product to market place
Compliance with regulatory authorities
Increased efficiency
Continuous Innovation
Cope up with constantly changing supply chain demand
5. Challenges…..
Compatibility: Not all the devices can communicate with
each other as there is no universally agreed coding language
or protocol
Connectivity all the time: Internet connectivity should be up
all the time to ensure real-time communication between the
devices and systems
Privacy concerns: Privacy means a lot to the customers,
there could be security threats to the systems with fraudulent
hackers
6. Benefits……
IoT connects sensors and machines, adds value by leveraging
the data collected real-time with which enterprises gain insights
in to equipment performance at industrial site or product sales or
customer preferences or purchasing behavior based on the
application area.
Enterprises can achieve marketing automation with IoT devices
collecting the data related to customer locations, preferences,
buying patterns and intentions.
Real-time supply chain analytics are made possible with IoT
devices (RFID) that continuously monitor the product sales.