IoT Definition

The Internet of Things (IoT) is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.

How IoT Works?

computer

Sensors / Devices

process (1)

Connectivity

process

Data Processing

sensors

User Interface

Sensor/Devices

  • Sensors or devices are a key component that helps you to collect live data from the surrounding environment.
  • All this data may have various levels of complexities.
  • All this data may have various levels of complexities.
  • It could be a simple temperature monitoring sensor, or it may be in the form of the video feed.

Connectivity:

  • All the collected data is sent to a cloud infrastructure.
  • The sensors should be connected to the cloud using various mediums of communications.
  • These communication mediums include mobile or satellite networks, Bluetooth, WI-FI, WAN, etc.

Data Processing

  • Once that data is collected, and it gets to the cloud, the software performs processing on the gathered data.
  • This process can be just checking the temperature, reading on devices like AC or heaters.
  • However, it can sometimes also be very complex like identifying objects, using computer vision on video.

User Interface

  • The information needs to be available to the end-user in some way which can be achieved by triggering alarms on their phones or sending them notification through email or text message
  • The user sometimes might need an interface which actively checks their IoT system.
  • For example, the user has a camera installed in his home. He wants to access video recording and all the feeds with the help of a web server

What is an example of an Internet of Things device?

  • A lightbulb that can be switched on using a smartphone app is an IoT device, as is a motion sensor or a smart thermostat in your office or a connected streetlight.
  • An IoT device could be as fluffy as a child’s toy or as serious as a driverless truck.
  • Some larger objects may themselves be filled with many smaller IoT components, such as a jet engine that’s now filled with thousands of sensors collecting and transmitting data back to make sure it is operating efficiently.

IoT benefits to organizations

  • Monitor their overall business processes;
  • Improve the customer experience (CX);
  • Save time and money;
  • Enhance employee productivity;
  • Integrate and adapt business models;
  • Make better business decisions; and generate more revenue.

Why Is Internet of Things (IoT) so important?

  • Over the past few years, IoT has become one of the most important technologies of the 21st century.
  • Now that we can connect everyday objects—kitchen appliances, cars, thermostats, baby monitors—to the internet via embedded devices, seamless communication is possible between people, processes, and things.
  • By means of low-cost computing, the cloud, big data, analytics, and mobile technologies, physical things can share and collect data with minimal human intervention.

IoT Applications

  • Smart Thermostats
  • Connected Cars
  • Activity Trackers
  • Parking Sensors
  • Connect Health
  • Smart City

IoT platform offering
integrated financial services

  • Sim Registration Devices
  • POS terminals
  • SME sales devices
  • Agency banking devices

Challenges of Internet of Things
(IoT)

  • Insufficient testing and updating
  • Concern regarding data security and privacy
  • Software complexity
  • Data volumes and interpretation
  • Integration with AI and automation
  • Devices require a constant power supply which is difficult
  • Interaction and short-range communication

Benefits of IoT

  • Ability to access information from anywhere at any time on any device;
  • Improved communication between connected electronic devices;
  • Transferring data packets over a connected network saving time and money; and
  • Automating tasks helping to improve the quality of a business’s services and reducing the need for human intervention.
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