Internet of Things, History, Application in business and Change in world in upcoming years cause of IOT

1. Internet of Things
-Prinson Rodrigues
Introduction
When people talk about “the next big thing,” they’re never thinking
big enough. It’s not a lack of imagination; it’s a lack of observation.
The future is always within sight, and you don’t need to imagine
what’s already there.
The Internet of Things revolves around increased machine-to-
machine communication; it’s built on cloud computing and networks
of data-gathering sensors; it’s mobile, virtual, and instantaneous
connection; and it’s going to make everything in our lives from
streetlights to seaports “smart.”
The term “Internet of Things” isn’t new. Almost 20 years ago, MIT
professors described a world where “things” (devices or sensors) are
connected and able to share data. Data coming from these devices
and sensors provides business insights that were previously out of
reach. The invaluable insights enabled by harnessing and analysing
the data from these connected devices are what the Internet of
Things is all about.
What is Internet of Things?
The Internet of Things (IOT) is an environment in which objects,
animals or people are provided with unique identifiers and the ability
to transfer data over a network without requiring human-to-human
or human-to-computer interaction. IOT has evolved from the
convergence of wireless technologies, micro-electromechanical
systems (MEMS) and the Internet.
A thing, in the Internet of Things, can be a person with a heart
monitor implant, a farm animal with a biochip transponder, an
automobile that has built-in sensors to alert the driver when tire

2. pressure is low - or any other natural or man-made object that can
be assigned an IP address and provided with the ability to transfer
data over a network. So far, the Internet of Things has been most
closely associated with machine-to-machine (M2M) communication
in manufacturing and power, oil and gas utilities. Products built with
M2M communication capabilities are often referred to as being
smart.
History
The term “Internet of Things” was coined by British entrepreneur
Kevin Ashton in 1999.
Here’s how Ashton explains the potential of the Internet of Things:
“Today computers -- and, therefore, the Internet - are almost wholly
dependent on human beings for information. Nearly all of the
roughly 50 petabytes of data available on the Internet were first
captured and created by human beings by typing, pressing a record
button, taking a digital picture or scanning a bar code.
The problem is, people have limited time, attention and accuracy --
all of which means they are not very good at capturing data about
things in the real world. If we had computers that knew everything
there was to know about things -- using data they gathered without
any help from us -- we would be able to track and count everything
and greatly reduce waste, loss and cost. We would know when things
needed replacing, repairing or recalling and whether they were fresh
or past their best.”
Although the concept wasn't named until 1999, the Internet of
Things has been in development for decades. The first Internet
appliance, for example, was a Coke machine at Carnegie Melon
University in the early 1980s. The programmers could connect to the
machine over the Internet, check the status of the machine and

3. determine whether or not there would be a cold drink awaiting
them.
How IOT can be helpful in businesses
Today the Internet of Things is at an inflection point. Although
technology experts for decades have anticipated a world of billions
of smart, connected devices, multiple factors have converged
recently to accelerate adoption of IOT scenarios in businesses.
Consider the following:
 Hardware costs are falling. The costs of Internet of Things
components such as microchips, GPS sensors, and
accelerometers have fallen as volumes have increased. And it is
not simply a cost reduction—tiny microchips are now capable
of running more advanced software than ever.
 Business-to-business (B2B) solutions will create more value
than consumer applications. While consumer applications
attract attention in the news channels.
 Software is more advanced than ever. Today’s rich, dynamic
business software is putting high-level data analysis capabilities
into the hands of companies around the globe.
 Connectivity is proliferating. Fuelled by the additional capacity
that advanced cellular networks provide, mobile operators are
embracing the Internet of Things.
 Cloud solutions offer lower costs, scale, and flexibility. Internet
of Things scenarios that incorporate cloud-based storage,
analysis, and other tools provide the added benefit of
scalability and flexibility that businesses need when starting or
expanding an IOT solution.
 Potential economic benefits are enormous. The Internet of
Things has the potential to create economic impact of as much
as $11.1 trillion per year by 2025, according to McKinsey Global
Institute.

4. How IOT can change our world in the upcoming years:
 Check on the baby:
Aimed at helping to prevent SIDS, the MIMO monitor is a new
kind of infant monitor that provides parents with real time
information about their baby’s breathing skin temperature,
body position and activity level on their smartphones.
 Remember to take your MEDS:
Glowcaps fit prescription bottles and via a wireless chip provide
services that help people stick with their prescription regimen;
from reminder messages, all the way to refill and doctor
coordination.
 Track your activity levels:
Using your smartphone’s range of sensors (accelerometer,
gyro, proximity, compass, gps, etc.) you have a well-equipped
internet of things device in your pocket that you can
automatically monitor your movements, location and workouts
throughout the day.
 Monitor an aging family member:
Using a wearable alarm button and other discrete wireless
sensors places around the home, the BE CLOSE system can
track your loved one’s daily routine and give you peace of mind
for their safety by alerting you to any serious disruptions
detected in their normal schedule.
 Stay out of the doctor’s office:
Intended for individuals with cardiac arrhythmias the Body
Guardian is an FDA cleared wearable sensor system that can
remotely read a patient’s biometrics, sending the data to the
patient’s physician and allowing users to go about their daily
lives outside of a clinical setting.
 Get the most out of your medication:

5. The Proteus ingestible pill sensor is powered by contact with
your stomach fluid and communicates a signal that determines
the timing of when you took your meds and identity of the pill.
The mobile and cloud services for the Internet of Things today,
helping customers drive operational efficiency, improve innovation,
and enable the creation of new business models. IOT can transform
your business by starting from your existing assets and creating new
insights. The potential is as limitless as your imagination and as
unique as your business.