Internet of Things (IoT)
The Internet of Things or IoT is a system that is provided with interrelated data processing devices, mechanical and digital machines, objects or unique identifiers, capable of transmitting data over a network without the need for human-to-human or human-to-computer interaction.
Kevin Ashton, the co-founder of the Auto-ID Center at MIT, first mentioned the Internet of Things in his presentation to Procter & Gamble (P&G) in 1999.
The Internet of Things (IoT) has evolved from machine-to-machine (M2M) communication, that is, machines that are interconnected over a network without human interaction. M2M means connecting a device to the cloud, managing it and collecting data.
Access to low-cost, low-power sensor technology: Affordable and reliable sensors make IoT technology possible for more manufacturers.
Connectivity: Internet network protocols made it easy to connect sensors to the cloud and other "things" for efficient data transfer.
Cloud computing platforms: The increase in the usability of cloud platforms has given both businesses and consumers access to the infrastructure that they need to scale without obligation for managing them all.
Machine learning and analytics: With advances in machine learning and analytics, businesses can collect information faster and more easily as well as access to diverse and large amounts of data stored in the cloud. The emergence of these allied technologies continues to push the limits of IoT, and data generated by IoT feeds these technologies.
Conversational artificial intelligence (AI): Advances in neural networks have brought natural language processing (NLP) to IoT devices (such as digital personal assistants Alexa, Cortana, and Siri), and made them attractive, affordable and viable for home use.
What is Industrial IoT (IIoT)?
Industrial IoT (IIoT) refers to the application of IoT technology in industrial environments in terms of instrumentation and control of the sensors and devices which use especially the cloud technologies. Lately, industries have used the machine-to-machine communication (M2M) in order to achieve wireless automation and control. But with the advent of cloud and related technologies (such as analytics and machine learning), industries can gain a new automation layer and generate new revenue and business models with it. IIoT is sometimes called the fourth wave of the industrial revolution or Industry 4.0. Some common uses of IIoT are as follows:
- Smart production
- Preventive and predictive maintenance
- Smart power networks
- Smart Cities
- Connected and smart logistics
- Smart digital supply chains