IoT is the concept of basically connecting any device with an on and off switch to the Internet This also includes everything from cell phones, coffee makers, washing machines, headphones, lamps, wearable devices and almost anything else you can think of.
The Internet of Things (IoT) refers to the products that will be connected in the future. This includes anything with an on or off switch. Information from our products will be sent to our phone, to our computer and vice-versa. IoT will be a big part of our everyday lives. It makes sense that in the future technology should enhance the customer experience, finding helpful ways to update, improve, educate, inspire and overall add value to our lives.
The Internet of Things (IoT) has been called the most important tech trend of this decade. Experts estimate that the IoT will consist of almost 50 billion objects by 2020.

Idea behind IoT

Suppose you walking around to specialty stores gathering things. Let’s imagine someone or some “thing” is doing this for you while you’re at work. Perhaps they also pick up some detergent for you while you’re out because they get an alert you are low. Can a product really ‘know’ a person so well?” It looks like we’re moving toward yes. It’s likely our products in the future will know us so well they will make decisions for us when we’re not here. I would not be mad if my product fixed itself while I was out. I assume you wouldn’t be mad either.
Internet of things is a setup where the things essentially the hardware embedded with sensors gathers, stores and analyzes data. All these hardware are connected to the internet so they have dynamic inflow of information processed by IoT applications mostly cloud based
The Internet of Things (IoT) is a concept that describes a totally interconnected world. It’s a world where devices of every shape and size are manufactured with “smart” capabilities that allow them to communicate and interact with other devices, exchange data, make decisions and perform useful tasks based on preset conditions.

How does IoT works?

The ‘Internet of Things’ basically works by M2M (Machine to Machine) communication, in which physical objects or ‘Things’ function by interacting with each other. The user can access, analyze and control the functioning of his ‘Things’.
The User’s objects communicate with each other. Billions of connected devices are part of the Internet of Things. They use built-in hardware and software to send and receive data via various communication protocols. They might use our Smartphone’s as their gateway to the Internet, connect to some other piece of hardware in our homes that’s acting as a hub or connect directly through our home Internet service. They often send data to cloud-computing servers where it’s then analyzed.

Latest Trends

The latest trends in internet of things has taken the space in the field of

  • Complex system.
  • Size considerations.
  • Space considerations.

Future prospects

The IoT (Internet of Things) is growing at a significant pace as consumers, businesses, and governments are recognizing the benefits of connecting inert devices to the internet.  Recent report titled ‘The Internet of Things Ecosystem Research’ from Business Insider (BI) states that the number of devices connected to the internet will increase from 10 billion in 2015 to 50 billion by 2020.

So it is being labeled as the “next Industrial Revolution”.

 Facts:

The Internet of Things (IoT) is obviously a hot topic these days and it means many things to different people. There are also a lot of myths and facts revolving around IoT. Here we present some facts of them.

  • The majority of people (87%) have not heard of the term ‘Internet of Things’.
  • ATMs are considered some of the first IoT objects, and went online as far back as1974.
  • By 2020, aquarter of a billion vehicles will be connected to the Internet, giving us completely new possibilities for in-vehicle services and automated driving.

In fact, we already have cars that can drive on their own – Google’s self-driving cars currently average about 10,000 autonomous miles per week.