The internet of things is composed of inter-related working of computing devices, mechanical devices, and digital machines with unique identifiers (UIDs). In this system, you get the ability to transfer data over a network without human or human-to-computer interaction.

The internet of things can be a person with a heart monitor implant, an automobile having built-in sensors to alert the driver when tire pressure is low, a farm animal having a bio chip transponder, and other natural or man-made object that can have an IP address and are able to transfer data over a network.

What is the Internet of Things?

History of Internet of Things

Kevin Ashton who was the co-founder of the Auto-ID Center at MIT, first used the internet of things in the presentation he made to Procter & Gamble (P&G) in 1999. He wanted to bring radio frequency ID (RFID) to the attention of P&G’s senior management. Ashton called the presentation “Internet of Things” for incorporating the cool new trend of 1999: the internet. MIT professor Neil Gershenfeld’s book, When Things Start to Think, also appeared in 1999, he did not used the exact term but delivered a clear path where IoT was heading.

How Internet of Things Works?

An IoT ecosystem is having web-enabled smart devices that will be utilizing the embedded processors, sensors and communication hardware for collecting, sending information. IoT devices will share the sensor data that they have collected by connecting to an IoT gateway or other edge devices where data was sent to the cloud for analysis or analyzed locally. Note that in some cases, these devices communicated with other related devices according to the information they get from one another. The devices will be doing the most of the work without human intervention although people can interact with the devices. For instance, to set up the things, you have to give them instructions or access the data.

The connectivity, networking and communication protocols that are used in the web-enabled devices are widely dependent on the specific IoT applications deployed.

Why Internet of Things is Essential?

The internet of things is helping people to live and work smartly for gaining complete control over their lives. Furthermore, offering smart devices to automate homes, IoT is very important for the business. IoT will provide the businesses with a real-time look into the companies’ systems that will really work and will be delivering insights into everything from the performance of machines to the supply chain along with logistics operations.

IoT will enable companies to automate processes and will reduce labor costs. This will also cut down waste and will improve service delivery by making it less expensive to manufacture and deliver goods by providing transparency within the customer transactions.

IoT will be targeting every industry that will include healthcare, finance, retail, and manufacturing. The smart cities will help citizens to reduce waste and energy consumption. They will be using the connected sensors that are used in farming to help in crop monitoring, cattle yield, predicting growth patterns.

What is the Internet of Things?

Pros of Internet of Things

Some of the pros of IoT are listed below:

  • You can access information from anywhere at any time on any of your devices.
  • Enhanced communication between connected electronic devices.
  • Transfer of data packets on a connected network will save your time and money.
  • Automating tasks will help you to improve the quality of business services and will reduce human intervention.

Cons of Internet of Things

The cons of IoT are below:

  • As the number of connected devices increases and more information is available between the devices. The possibility of hackers increasing confidential information will be increased.
  • Enterprises will have to deal with massive numbers that may be in millions. The collection and managing of data will be very challenging.
  • If there is a bug in the system, then there is a possibility that a connected device will become corrupted.
  • There are no international standards of compatibility for IoT, so it is very difficult for devices from different manufacturers to communicate with other people.

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