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What is Internet of Things (IoT) ?

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Ø   The phrase Internet of Things (IoT) was first coined in year 1999 by Kevin Ashton, cofounder and executive director of the Auto-ID Centre at MIT. Ø   The concept is to connect all the devices through the internet, so they will be able to communicate with each other. This includes everything from cell phones, cameras, washing machine, lamps, tv, wearable devices and almost everything.                                                                                      (or) Ø   The Internet of Things is a giant network of Physical devices, Vehicles, Buildings and so on embedded with electronics, software, sensors and network connectivity that enable these objects to collect and transmit data via the Internet. It has not only the potential to impact how we live but also how we work. Ø   The first appliance connected to the internet was a coke vending machine at Carnegie Melon University in the late 1980’s. Developers could easily check the status of the machine.
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Statistics About Internet of Things (IoT) Part - 4

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By 2019, 1.9 billion smart home devices are expected to be shipped. This could bring a potential revenue worth $490 billion. IoT smart devices have a deeper penetration in manufacturing, healthcare, and business than in our homes or phones. By 2025 the global worth of IoT tech is projected at $6.2 trillion, with the maximum value from healthcare ($2.5 trillion) and Manufacturing ($2.3 trillion). The number of internet connected “things” already exceeded our population back in 2008. By 2020 this number is expected to reach 50 billion. A whopping $19 trillion is anticipated as cost-savings and profits from this investments. The potential for future growth is massive. Only 0.06% of all the devices that could potentially leverage IoT are actually doing so. This makes the remaining 99.94% available for optimization. Of all the business who chose to implement IoT, 94% have already seen a return on their IoT investments. The market for sm
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What is 5G? – Understanding The New Technology

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What is 5G? – Understanding The New Technology The next telecommunications standards  -  5G is the coming fifth-generation  wireless broadband technology. An important goal of 5G is to erase the differences between wireline and wireless networking to accommodate the growing mobility of network users. Major Specifications are. Latency 5G wireless technology have must lower latency than 4G  – latency being the time needed for a packet of data to move across a network or series of networks.  Nokia believes 5G will be a system that provides a “scalable and flexible service experience with virtually zero latency” The below 1 ms latency will enable users to enjoy faster download and upload speed. Low latency will also facilitate real-time communication between a wide range of connected devices. Bandwidth - Speed Bandwidth refers to the amount of data that can be moved (uploaded or downloaded) through a network over a given time. 5G has a peak download speed of  20 Gb
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Statistics About Internet of Things (IoT) Part - 2

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Harley Davidson reduced its build-to-order cycle by a factor of 36 and grew overall profitability by 3% to 4% by shifting production to a fully IoT-enabled plant. According to General Electric, the IoT will add $10 to $15 trillion to worldwide GDP growth by 2030—the equivalent of China’s entire current economy. 60% of enterprises do not have the analytics capabilities to take advantage of the data generated from IoT The health care market will feel the impact of the IoT.  ACT , an organization representing over 5,000 mobile technology companies, is forecasting a $117 billion connected health care market by 2020. The city of Barcelona  saves $37 million a year, through smart lighting. And the city’s many IoT initiatives have created 47,000 new jobs. Business Insider  predicts that total business spending on IoT solutions will reach $6 trillion by 2021. Rolls-Royce uses IoT to increase the fuel efficiency
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A Brief History of Cryptocurrency

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There had been many attempts to create online currencies with ledgers secured by encryption can be traced back to bit gold between 1998 to 2005 but was never implemented. Other notable mentions are b-money , Digi-Cash and e-gold which too not implemented. Modern digital currency starts in 2008 when Satoshi Nakamoto (whose real identity remains a mystery to this day) published his paper called Bitcoin – A Peer to Peer Electronic Cash System. Bitcoin become the first decentralized digital coin when it was created in 2008. It then available to the public for the first time in 2009 and mining – the process through which new Bitcoins are created and transactions are recorded and verified on the Blockchain – begins. Blockchain is a Technology that permits transaction to be gathered into blocks, cryptographically chain block in chronological order, and allows the resulting ledger to be accessed by different servers`- define by yale Bitcoin was valued for first time in 2010
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Statistics About Internet of Things (IoT) Part - 1

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  According to IHS,In 2015, there were about 15.4 billion connected devices, this number will grow to 30.7 billion in 2020, and 75.4 billion by 2025 but Intel forecasts 200 billion connected devices by 2020. According to enterprise executives, the U.S. leads in deploying IoT in operations at full scale (44%) followed by the United Kingdom (41%) and Germany (35%).   Sparklabs predicts an exponential increase in B2B IoT devices —from 2.5 billion connections in 2017 to 5.4 billion devices in 2020. There have been major company acquisitions in this space. For example. Google acquired Nest Labs, a thermostat maker for $3.2 billion. Samsung, on the other hand, bought SmartThings, a connected home company, for 200 million. Wearable devices - From 28.3 million units sold in 2016,  IDC forecasts  an increase to 82.5 million units in 2020, a 31 percent growth. Environmental monitoring, smart metering, renewable plants supervision and inventory intelligence are among the top areas IoT ca
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Statistics About Internet of Things (IoT) Part - 3

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In 2018, 60 percent of global manufacturers will use analytics data recorded from connected devices to analyze processes and identify optimization possibilities, according to  IDC and SAP . Report predicts that the IoT will lead to a 15 percent productivity increase in delivery and supply chain performance. Business Insider forecasts that by 2020, 75 percent of new cars will come with built-in IoT connectivity. According to Reportbuyer , there were 968,000 smart clothing units sold in 2015, a number that will reach 24.75 billion in 2021—a stunning 71.6 percent compound annual growth rate. Royal Dutch Shell realized a $1M return on a $87K investment in a remote IoT-based asset monitoring and maintenance solution that tracks activity across 80 oil fields in West Africa. Combined daily oil production across the oil fields is nearly 600,000 barrels.  IoT will bring a lot of savings in homes. Smart kitchens alo
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