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The Internet of Things (IoT) has been talked about as an industry dealing in data, because of the massive amount of information produced by sensor technology. In fact, harvesting data from connected devices has become one of the key excitements concerning IoT technology, as it allows for the drastic advance in the analytics of failure, evaluation, implementation and efficiency.
The way consumers interact with the objects in their lives is changing at a pace that once seemed impossible. Connectivity that was recently unimaginable will soon be the standard for all technological devices. The Internet of Things (IoT) goes far beyond industrial applications; consumers will be able to receive updates and information about nearly every aspect of their lives with wirelessly connected smart devices. The push for IoT technology is a push for control. Users will have control over their homes, cars, and even their own bodies through wearables. Even though it may seem intimidating to have technology take such an invasive role in consumer life, the benefits created by connectivity outweigh the perceived intrusive nature of smart devices.
The Internet of Things (IoT) and its wide range of devices are growing at an unfathomable rate. With an increase in size, comes an increase in the collection of massive amounts of data. In this article written by Grid Connect’s Vice President, Adam Justice, he stated, “The IoT relies on data — and massive amounts of it — to fuel connected devices and give us drastic advances in monitoring and automating our environments.”
Crowdfunding has become a major source of interest ever since the launch of Kickstarter in 2009. The concept is that businesses and individuals should be able to showcase their ideas in a social media-like fashion, and raise money through donations. Many of these campaigns offer rewards for donations, usually including sales, or early bird specials on the product they are hoping to release.
Many of the countries in the Global Far East have made definitive innovations to the Internet of Things (IoT). According to the OECD, Korea is leading the world in devices online per 100 inhabitants at 37.9, with the next closest competitor ranking in at 32.7 (The US weighs in at a measly 24.9).
The Internet of Things (IoT) is continuing to grow at a rapid pace as more devices are becoming connected. However, the IoT is rendered useless without a system of networking to support it. As WiFi-enabled devices increase in popularity, the demand for networking will expand substantially. IoT-based technology is disrupting the current networking market due to vast amount of data that is collected and the quantity of devices connected to the Internet. Companies will be expected to have extremely efficient networks that will allow for real time analysis. In addition to this, simply having faster Internet speeds is essential in supporting the rise of IoT devices.
Imagine moving into a house where the thermostat could adjust automatically depending on the time, where all of the lights could be controlled with the touch of a button, and where the doors could be locked from the comfort of bed. Houses with these technological innovations installed are becoming increasingly popular within the real estate market as the Internet of Things (IoT) continues to transform the way we live our lives. Turning a home into a smart home with various IoT technologies can increase the value of a house substantially.
Technological advancements have always had their Achilles’ heel: except maybe in cases like the wheel and the toaster. Besides that, progress has rarely been void of people to abuse the power it permits. Certainly in recent years, with the growth of internet technologies, information and identity theft has become the Mr. Hyde of development.
The Internet of Things, is a technological trend that’s caught on like wildfire this year. IoT devices don’t require much manual effort; these items are designed to be responsive to your needs, to make your life easier. Often called smart devices, they are being developed at a rapid rate across industries, in particular for the kitchen.
By definition, most IoT applications include some Cloud-based component. Many manufacturers entering the IoT space are new to Cloud development, which makes decision-making for Cloud applications, such as how and when a product will connect to the Cloud, difficult.
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