If you grew up with James Cameron’s Terminator epic, you might perhaps feel a little uneasy about the Internet of Things. But you better start getting used to it as the rise of the machines revolution is well underway! You’ve heard about connected people (Web 2.0) or connected machines (Web 3.0), the Internet of Things (IoT) is actually the next great phase of the Internet (Web 4.0), a scenario connecting inanimate objects to our needs and desires. These objects could literally be anything from your keys, to refrigerators, lavatories, traffic stop lights, cars, the list really is endless.
IoT: The smart revolution
Are objects around us getting smarter? Physical objects are made “smart” by connecting them to the Internet utilizing ubiquitous sensors aiming to track all sorts of data. People very often tend to hang on the “Things” aspect of IoT. Actually, the real value and insight comes from the data provided by these objects or devices. For the first time in history, we have data on almost anything: from how we brush our teeth to how we drive, how we eat, how we sleep and so on. Today even wigs are getting smarter and your lavatories too! Well, it might seem crazy but imagine your lavatories providing health related insights about pregnancy, bacterial infections or even prompting you to seek medical advice! While smart cement equipped with sensors used in the construction of bridges or buildings will alert us to fix problems about cracks or shocks before causing human tragedies! Despite such benefits, IoT is seen by many as a major challenge to our privacy that needs to be addressed before it goes mainstream!
IoT: Redefining industries and economies
After the introduction of the steam engine (1st), the setting up of assembly line mass production (2nd) and the establishment of automation (3rd), it is now time for the fourth industrial revolution. Already tech giants are getting involved, viewing this as a logical progression from the personal computer and smartphone of previous decades. What does it mean for businesses? This isn’t just about money savings, but this is a huge and fundamental shift. The fact of starting making things “intelligent”, is going to be a major engine for creating new products and services. IoT is paving the way to a whole new “smart” Industry or Industry 4.0, which will very soon become the new Manufacturing standard! And what’s in for us, customers? On top of enjoying a “Smart Home Ecosystem”, where household chores can be handled by opening up an app, everything surrounding us will soon become vital communication tools in helping to make our lives easier, healthier and more productive. Although it all sounds like a futuristic life, thanks to IoT, the future has never been so close!
“The IoT has the potential to transform our society, economy, and how we live our lives,” Samsung CEO Boo Keun Yoon said during a keynote speech at the CES 2015 trade-show in Las Vegas. If organisations are struggling to cope with the rising tide of data volumes at the moment, they’re going to be overwhelmed once the IoT gathers real momentum. Why? Because the IoT is not just about gathering data; it’s also about the analysis and use of that data. And how firms approach this will be key to their success.
Is IoT the next industrial revolution? Feel free to post your comments!
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