Internet of Things (IoT) – Why are we still talking about it?

Emerging technologies are no longer just changing the online landscape but altering the way devices interact with humans. As the pool of devices and machines increase, the Internet of Things (IoT) ecosystem grows accordingly.

What is IoT?

The Internet of Things (IoT) is commonly referred to as a system of interconnected computing devices or virtually any physical object that features an IP address for Internet connectivity. The communication channel established between these Internet-enabled devices, objects, and systems also attributes to the concept of IoT.

IoT and the cloud are closely linked such that it is typically rendered as an application of the cloud. The interrelationship is formed based on the fact IoT requires the cloud to operate and interchangeably; the cloud’s prevalence is dependent on the scope and influence of IoT.

Connection between IoT and the Cloud

Product manufacturers quickly understood that devices do not require to be transformed into a computer with intelligence and data storage to operate independently. Nowadays, the cloud is no longer limited to just tablets and smartphones but is incorporated into objects varying from household appliances to vehicles. Users can subsequently, garner greater control as all data is shared on a centralized system and can be accessed via any IoT device.

What does this mean for the future?

IoT is forecasted to cumulate to a remarkable 31 billion worldwide as of 2020. Similarly, Discrete Manufacturing, Transportation & Logistics and Utilities are projected to devote an estimated USD 40 billion each on IoT platforms, systems, and services. This anticipated growth in correlation to the continual innovations in real-time data analytics and cloud computing are set to drive IoT to the forefront. The influx in connectivity will empower enterprises as small data is procured from various Internet-enabled devices to engender Big Data in the cloud. While IoT is becoming increasingly reliant on the cloud, the cloud infrastructure must be prepared for expansion to serve the requirements of the IoT era. Therefore, cloud computing will continue to transpire as a vital player for IoT in cultivating complex systems aimed to simplify interactions.