The worldwide web connects people and businesses from all over the globe. Now, there is a rapidly expanding phenomenon that connects devices. This is the Internet of Things (IoT).
Forbes says the market for the IoT in the USA is already worth over $150 billion per year. Two years from now, in 2020, the investment made by American companies in IoT will be over $450 billion per year. By 2020, global IoT spending will be almost $9 trillion per year.
What devices use the Internet of Things?
Here are some examples of IoT systems that are already changing our lives:
Smart homes regulate temperatures to create comfort zones when occupied and reduce utility usage when it is not needed. Many energy-efficient homes use sustainable energy from solar power. Advanced security monitoring systems guard the interior and exterior of the home to reduce burglaries and vandalism.
Smart cars drive themselves. Delivery trucks transport goods without needing a driver. All of these autonomous vehicles link together on the IoT so that the system is able to monitor them, route them around traffic congestion, and operate them most efficiently.
Smart homes that manage themselves link to others by networks that form smart cities. These IoT communications will help manage utilities better, improve the operations of the local government, and increase the satisfaction of the residents.
IoT connections allow healthcare workers greater ability to monitor patients to check vital signs and to manage chronic disease. Many patients receive advanced healthcare support from the comfort of their own home without having to go somewhere to see a doctor.
Wearable tech is really fun, exciting, and useful. It sends sensory data to be analyzed, monitored, and stored. This tech can give the wearers valuable feedback. One popular use for IoT-enabled wearable tech is having an exercise program that tracks the exercises performed and calculates the calories burned up doing the exercises.
Wearable tech can monitor vital signs such as blood sugar, blood pressure, and pulse rate. Wearable tech can automatically send a message to a health care provider and request an emergency response if needed.
What is the future of the Internet of Things?
The IoT is growing so fast that in 2017, there were more connected devices than smartphones. These devices communicate with each other and to management systems on an IoT network. By using artificial intelligence programming, the information from these devices is now rapidly organized, categorized, interpreted, and stored for future use.
Based on the analysis of the data, the artificial intelligence programming makes decisions. Many of these devices operate independently without the need for human supervision. The systems themselves decide what to do. Many of these actions can be taken automatically.
Some are excited about the potentials. Others are fearful. However, just like it was not possible to stop the spread of the Internet, the same is true with the Internet of Things. Eventually, every “thing” will connect with the IoT. Let’s just hope we all remain in good standing with our smart toaster and it does not plot to kill us.