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Flexible configuration.
Universal inter-networking.
How IoT Works?
Communication and cooperation
Addressability
Identification
Sensing
Actuation
Embedded information processing
Localization
User interfaces
How can IoT help ?
IoT platforms can help organizations reduce cost through improved process
efficiency, asset utilization and productivity.
The growth and convergence of data, processes and things on the internet
would make such connections more relevant and important, creating more
opportunities for people, businesses and industries.
Pros and Cons of IoT
Pros :-
Your daily tasks are Automated.
Less Investment and saves time.
Enhances personal satisfaction.
Could get rid of physical work and consequently lessen human work.
Cons:-
Constrained information security.
Complex after a period of time.
Increases reliance on innovation.
Components of IoT
1) Sensors
2) Connectivity
Inventory tracking.
IoT in Retail
Patient engagement.
Workflow optimization.
IoT in Food Industry
Predictive maintenance.
Self-optimizing production.
Inventory management.
Asset monitoring.
IoT in Real Estate
Smart Occupancy.
Smart Parking.
Scalability
Security
Technical requirements
Technological standardization
Software complexity
Solutions to the challenges
Several solutions are proposed to overcome the
problems. Some of them are -
The connectivity then helps us capture more data from more places,
ensuring more ways of increasing efficiency.
A Gateway to the future!
Conclusion
Although IoT has quite a few disadvantages, its advantages of saving the
consumer time and money can’t be ignored. So the time isn’t far when the Internet Of
Things will be commonly seen in both households and companies. Efforts will have to be
made to find ways to combat its disadvantages.
By the year 2020, there will be a lot more connected devices than people on earth.