What is the Internet of Things (IoT)?

Working of IOT (Internet of Things)

How Big Is The IoT?

The global IoT or Internet of things market size is expected to emerge from $399.41 billion (2022) to $486.7 billion this year at a CAGR (compound annual growth rate) of 21.9%.

Technologies Have Made IoT Possible?

Without the following technological advancements, IoT or the Internet of things wouldn’t have become so popular these days:

• Access to low-power and low-cost sensor technologies that are affordable and sensible
• A wide assortment of network protocols simplified the process of connecting sensors to the cloud
• Cloud computing platforms’ increased availability enables both consumers and businesses to access the infrastructure
• Machine learning & analytics push the boundaries of IoT or Internet of things
• Conversational artificial intelligence or AI have brought NLP or natural-language processing to IoT devices and made them affordable, appealing, and viable

Features & Benefits of IoT:

Here are the benefits and features of IoT technologies:

1. Mitigated costs
2. Real-time asset or resource visibility
3. Real-time, prescriptive, or predictive insights
4.  Increased operational efficiency
5. Data-driven insights for speedy decisions
6. Enhanced customer experience
7. End-to-end and remote monitoring & management of resources or assets

What are IoT standards

The IoT standards enable data transmission and exchange between the devices and the Internet at the edge.

1. IPv6 over Low-Power Wireless Personal Area Networks (6LoWPAN)

It is the open standard that enables low-power radio to communicate easily with the Internet.

2. ZigBee

ZigBee is a low-power and low-data rate wireless network mainly used for industrial purposes. It is based on the IEEE or Institute of Electrical and Electronics Engineers 802.15.4 standard. It created Dotdot, a universal language that enables smart objects to work securely on networks and understand one another.

3. LiteOS

The Unix-like operating system for wireless sensor networks, LiteOS, supports wearables, smartphones, smart homes, and intelligent manufacturing applications.

4. OneM2M

OneM2M is the machine-to-machine service layer embedded in software & hardware to connect different devices. This global standardisation body was developed keeping in mind the reusable standards to enable the Internet of things or IoT apps around different verticals for communication.

5. Data Distribution Service(DDS)

DDS or Data Distribution Service, developed by OMG or Object Management Group, is the IoT standard for scalable, high-performance, and real-time M2M communication.

6. Advanced Message Queuing Protocol (AMQP)

AMQP is the open-source published standard used for asynchronous messaging. It enables encrypted & interoperable messaging between applications and organisations.

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IoT Framework

IoT frameworks are designed to accelerate the development process of IoT applications and solutions. You can build secure and scalable solutions using either an open-source framework or a proprietary framework. However, choosing a framework that aligns with your needs is critical to the success of your project.

1. Amazon Web Services (AWS) IoT

A cloud computing platform, AWS IoT, was released by Amazon. The framework enables smart devices to connect & interact with the AWS cloud & other devices connected.

2. Arm Mbed IoT

Arm Mbed IoT develops apps for IoT depending on the Arm microcontrollers. Its goal is to offer a connected, secure, and scalable environment for IoT devices. It integrates Mbed tools & services.

3. Microsoft’s Azure IoT Suite

This platform enables users to communicate with & get data from IoT devices. Besides, it performs different operations over data and visualises the operations in such a way that’s suitable for the business.

4. Google’s Brillo/Weave

This platform is for rapid implementations of IoT applications. It comprises Brillo and Weave. Brillo is an Android-based OS for developing embedded low-power devices. Weave is the IoT-oriented communication protocol to establish communication between the cloud and the device.

5. Calvin

The open-source platform was by Ericsson. It encompasses a development framework for developers and a runtime environment that handles any running app.

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What are the IoT applications?

The IoT application is the assortment of services and software integrating data received from different IoT devices. It implements ML (machine learning) and AI (artificial intelligence) technologies to analyse and monitor data. That way, it helps make well-informed decisions.

IoT applications enable retail companies to manage and monitor inventory. Besides, it also improves the customer experience while reducing operational expenses and optimising the supply chain simultaneously.

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