Motivation of the work Credit: https://www.esb.bike/ In 2013, the Global Standards Initiative on Internet of Things (IoT-GSI) defined the IoT as “the infrastructure of the information society.” This description focuses on the main advantages provided by the communication connectivity between the Internet and all the devices integrated with specific electronics: the possibility to gather information and to exchange data in a fast and smart way. Indeed, the relevant aspect of IoT is not only related to the kind of objects involved, but to the kind of information retrieved. This is the reason why IoT is also called Internet of Everything. By interfacing directly with people and their experience of a product (both an object or an application), the accuracy of data is granted. The IoT is developing as more and more enterprises are getting involved in smart projects concerning business intelligence tools. Cisco, the largest networking company in the world, estimates the IoT ‘will consist of 50 billion devices connected to the Internet by 2020’. So, what are the benefits of the Internet of Things and why companies should invest in the IoT? Here is a list of the top 10 reasons to develop IoT projects. 1. Support innovative business IoT techniques support innovative businesses by allowing the possibility to better assess their customers’ feedback while using their products. The measurability of data is certainly an advantage for accelerating the (re)positioning of a product on the market. 2. Tailored solutions IoT applications can be used in all sectors and in all kinds of daily activities. Therefore, a company can start developing its projects by focusing on its own products. That is the reason why Microsoft talks about “Internet of Your things”. 3. Efficiency and productivity Companies using IoT solutions, take advantage of industrialized services given by smart machines and optimized operations. Through an enhanced analytics control, they improve also their efficiency and productivity. 4. Policy makers attention Being an evolving technology but also an incentive for innovation, IoT is attracting policy makers attention on the creation of new and specific policy and regulatory frameworks. Governments are providing funding and advantages to IoT start-ups. 5. Everyday solutions IoT techniques are effecting large-scale change in how people live and work. An example is given by the principal means used today to bring the IoT to consumers: the smartphone. Both at home or at work, at the office or in the warehouse, smart devices and robots are improving everyday life and activities. 6. Next production revolution (NPR) The IoT will probably facilitate what the Organisation for Economic Co-operation and Development (OCED) calls Next production revolution. In an interesting paper , IoT technology represents the promise for ‘higher productivity, greener production, and new products, services and business models that can help meet global challenges. 7. No, the IoT is not replacing humans Despite many manufacturing sectors are becoming increasingly robotic, IoT devices are not replacing human labor. Apart from the management and projecting activities, the adoption of self-driving robots requires human training, maintenance and quality control. So, people will still be needed in the production processes but they will be helped by IoT solutions. 8. Connect new devices The IoT gives the possibility to connect, manage and control a lot of devices and objects that it was impossible to connect in the past and this is possible thanks to the wide variety of existing platforms and protocols. 9. Collect new data With the connectivity provided to new assets, it is also possible to collect data that have never been available before. This helps enterprises to retrieve new information, to develop new features for their products and to earn new revenues. 10. Automotive industry The transport industry is one of the sectors most affected by interconnectivity. IoT solutions have been embedded into automated and connected vehicles, thus enhancing the efficiency of eMobility. ESB is a perfect example of innovative business investing on IoT solutions for eMobility. Our connectivity systems for e-bikes satisfy the necessity for data retrieved from the vehicle and set to a cloud platform. By means of ESB.App, manufacturers and end-users can access info both in real time and remotely. INTRODUCTION : Credit: https://www.gkmit.co/ Today, Internet application development demand is very high. So IoT is a major technology by which we can produce various useful internet applications. Basically, IoT is a network in which all physical objects are connected to the internet through network devices or routers and exchange data. IoT allows objects to be controlled remotely across existing network infrastructure. IoT is a very good and intelligent technique which reduces human effort as well as easy access to physical devices. This technique also has autonomous control feature by which any device can control without any human interaction. The above figure shows the connectivity of various devices of different fields with Internet and exchange data between them. So above figure represent the connectivity of world through various existing technologies. “Things” in the IoT sense, is the mixture of hardware, software, data, and services. “Things” can refer to a wide variety of devices such as DNA analysis devices for environmental monitoring, electric clamps in coastal waters, Arduino chips in home automation and many other. These devices gather useful data with the help of various existing technologies and share that data between other devices. Examples include Home Automation System which uses Wi-Fi or Bluetooth for exchange data between various devices of home. Current issues: Credit- dzone.com The Internet of Things is a nexus of devices and services that allow for data exchange. These devices range from home appliances— whether furniture, coffee makers, or agricultural machinery— that can be implanted with various software and means of electronic connectivity. To put things into simpler terms, everything and anything can be adjusted to connect to the internet and become part of the web. Thus, this network spans a large number of devices that also includes people and their interactions via the internet. The idea behind IoT is to create a system that stores all data required by human beings without having a direct hand in collecting it. Research suggests that the impact of IoT on the world will be monumental in upcoming years. The growth in its influence and application can be assessed from consumer patterns for entertainment and media, infrastructure and energy management, agriculture, transportation and even medical care. Given the current trends, the impact of IoT on human life is increasing exponentially and will only continue to rise. However, questions have emerged simultaneously on the dangers and potential risks of inculcating the IoT into all aspects of human life. Here are some of the problems with the IoT: 1. Security One of the greatest threats to the IoT comes from the strain put on the global system of information exchange that the IoT relies upon. The Global Risks Report of 2018 highlights the menace of cyber-attacks and the danger to all interconnected enterprises if the IoT is compromised as a result of internal weaknesses. Clouds will be the first to be compromised as security regulations are still not fully developed given how severe the issue. The Annual Economic cost of cybercrime is estimated to be around 1 trillion US dollars, which supersedes costs of natural disasters such as Hurricane Sandy and Katrina. The recent rise in ransom-ware is expected to pose a serious security threat, for cloud vendors and service providers will be the prime targets. The nature of cloud activity is known for being complex given the numerous clientele and the variations of enterprises it caters to. Therefore, interconnectivity can also serve as a disadvantage to various enterprises if the cloud is compromised. Security threats also encompass Artificial Intelligence-based devices and services. Experts suggest that malware is now becoming better at evading detection via AI. At a contrast, some argue that AI is limited due to the lack of human intervention in its activities, which also affects its performance when it comes to identifying cause and effect in an investigation. Thus, AI might not be equipped enough yet to deal with the rapidly increasing problems that are facing the cloud and IoT in the face of cyber-attacks. 2. Privacy Another pressing issue with the IoT is that of user privacy. Not only is hacking a security breach, but also a violation of consumer privacy. A recent study at the University of Glasgow shows that consumers are largely unsatisfied with the lack of privacy the IoT allows them. As users have grown more aware of the extent of cyber-surveillance, they have begun taking their privacy more seriously and thus demand that the ultimate control over their data should remain with them. An increased corporate transparency is needed to ensure that user data is not vulnerable to others. 3. Internet Walls The risk of losing important data via hacks is a dangerous proposition not just for corporations, but also for nations via cross-border attacks. The World Economic Forum predicts that these attacks will propel nations to create internet walls that will limit the activity of the IoT to particular regions. Moreover, nations will eventually be motivated to protect their economic interests as governments cannot operate freely in a global system of online companies and enterprises. This ultimately compromises the very idea of the IoT as barriers prevent the unregulated exchange of data that many corporations demand. Regulations such as this will also serve as an obstacle to technological advancement by substantially slowing it down. 4. Cloud attacks Observing the traces of this digital war, it is highly likely that the next potential threats to IoT would be cloud networks. This is because cloud networks have the biggest data stocks to run the IoT. According to recent statistics, the annual economic cost of cybercrime was estimated around $1 trillion in 2017, which is a multiple of 2017’s record-year aggregate cost of almost $300 billion from natural disasters. To comprehend the magnitude of the problem, the World Economic Forum report quotes a study that put forward the takedown of just one cloud provider could cause $50 billion to $120 billion of financial damage. 5. Understanding IoT Rapid growth in technology has resulted in a limited understanding of the IoT. For consumers to make use of the internet and all that the IoT has to offer, it is essential to work upon their awareness of the changes taking place within IoT to make it more efficient. Not only will the comprehension empower them, it will prepare them mentally and they will possibly be able to find solutions on how to take caution from any of the mentioned problems. 6. Lack of Confidence According to the latest research report shared by the State of IoT Security, which was released at the end of October, showed the following information: 96 percent of companies and 90 percent of consumers believe there should be IoT security code of practice. 54 percent of consumers possess an average of four IoT devices, but then again only 14 percent consider that they are familiar with IoT device security. 65 percent of consumers are petrified about a hacker monitoring their IoT device, whereas around 60 percent are fretful of their personal or professional data being leaked. Conclusion It's quite evident that organizations all over the world are boarding onto IoT-driven digital transformation ventures to drive competences and business suppleness, in addition to better meet the demands of their customers and citizens. There might be risks to these ventures, but, nonetheless, if coped appropriately, organizations could be further assured and the road to IoT victory and efficiency should be impartially smooth. Trends in IOT Top 7 IoT Trends To Watch In 2020 https://elearningindustry.com/ IoT is nothing less than a blessing for people and it’s not going to stop with its advancement anytime soon. So here’s our take on the top 7 emerging IoT trends that can shape the bright future. 1. Artificial Intelligence Artificial Intelligence is the amalgamation of human intelligence and action in a machine that mimics and thinks exactly like humans. AI has the ability to think rationally and work in a manner that helps industries achieve a particular goal. Artificial Intelligence will dominate the future, and introducing this technology in business will clearly result in the enhancement of future prospects of a company and strategize a good plan of action when required. According to Bill Gates himself, Artificial Intelligence is a technology that can work a treat when it comes to producing goods and services with less labor. Overwhelmingly, this is something that hasn’t troubled anyone in society over the last several hundred years. Combining Artificial Intelligence with IoT will make this smart feature even more interesting and enhance its abilities. 2. Blockchain Blockchain is a boon for IoT and can prove to be extremely profitable for IoT industries as it is a magnificent option to track millions of connected devices and process coordination between devices. It is a technology that has proven its worth through cryptocurrencies, like Bitcoin, and can help IoT in tracking the history of devices. Hyundai Digital Asset Currency (HDAC) says that with a trustworthy blockchain system, hacking threats can be removed and protect users' privacy. 3. IoT In The Healthcare Industry With the boom in IoT, healthcare industries can have major benefits. With wearable devices, consultants can very easily talk to patients and get doctors on your doorstep using some interactive mobile healthcare apps like HelpAround, Insight Optics and Medicine. Access to healthcare can be an easier and different process, even faster going forward. The field of healthcare that embraces IoT is highly encouraged. 4. Personalizing Retail IoT is going to be present everywhere, so how can it leave behind the retail shops and enrich your shopping experience? The introduction of IoT in retail will make this chain even more efficient. For example, you are well aware of the route map from home to a supermarket but what if you have a route map of the store which helps you in getting your stuff smoothly and saves a lot of time? Advancement in retail with IoT will bring a new era of shopping which will make it a better experience for customers. 5. Predictive Maintenance To Be Boosted Up By IoT IoT has not only made its benchmark in the technological world but also has entered our house to fix our personal problems with smart solutions. For example, the concept of smart homes (having sensors inside and outside of the house) is becoming prevalent. These sensors will warn house owners about system malfunctions, plumbing leaks, and electrical problems over their smartphones so owners can take quick actions to prevent any mishap. With the support of IoT, the introduction of sensors in aircraft, warehouses, and cars will make everything functioning extremely smoothly and quickly. 6. Cloud Computing Cloud computing delivers computer services like storage and intelligence to provide a smooth resource. It is cost-efficient and secure, providing several kinds of policies to protect your data from threats. Cloud computing provides scale elasticity which means it offers the right amount of IT services. Cloud computing is one of the most significant security developments which will be the future of IoT data protection. Computers with internet connectivity can sometimes be dangerous and downloads of spyware can have your personal information at stake. With cloud computing, smartphones, vehicles and wearable devices can hold several malware records. 7. Staying Aware IoT tech leaders developed companies and enterprises are currently working to build out the true implementation of the IoT techniques. According to new IoT trends, more of today's industries and businesses will look at the IoT as a magic wand to attract consumers, grow brands, and improve User Experiences. Similarly, manufacturers will be asked to produce more IoT devices to make them more comprehensive. Take an account of Gartner, for instance. The tech giant thinks that in 2020, 95% of electronics will be powered by IoT. Final Word The Internet of Things is all set to amalgamate with other technologies to make lives easy and smart. Whether we talk about IoT’s role in the finance industry or its integration in healthcare services, advancements in this technology will further bring great achievements in the whole technological ecosystem around the world. As we saw in this article, the Internet of Things (IoT) will bring the world closer and make it prosperous in every sense.
