IOT (Internet Of Things), its demand and how it benefits the business, its role in developing Smart Cities, and connect different devices with help of internet.

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IOT
MADE BY-
RHITIK

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WHAT DOES
IOT
MEANS?

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• The Internet of Things (IoT) refers to the
ever-growing network of physical objects
that feature an IP address for internet
connectivity, and the communication that
occurs between these objects and other
Internet-enabled devices and systems.
• In simple words, Internet of Things (IoT)
is an ecosystem of connected physical
objects that are accessible through the
internet.
• It is also referred to as Machine-to-
Machine (M2M), Skynet or Internet of
Everything.

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Smart Systems and Internet of
Things are driven by a
combination of :
1) Sensors
2) Connectivity
3) People & Processes
COMPONENTS
OF IOT

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Dynamic control of industry and daily
life.
Improves the resource utilization ratio.
Integrating human society and physical
systems.
Flexible configuration.
Acts as technology integrator.
WHY IOT ?

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WHAT IS THE SCOPE OF IOT ?
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Internet ofThings can connect devices embedded in various
systems to the
internet.Where devices/objects can represent themselves
digitally, they can be
controlled from anywhere.Then
connectivity the helps us to capture
more data from more places, ensuring

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CORPORATE ASPECT
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IoT is a transformational force
that can help Companies to
Improve performance through IoT
analytics and IoT Security to
deliver better results. Businesses
in the utilities, oil & gas,
insurance, manufacturing ,
transportation, infrastructure and
retail sectors can reap the
benefits of IoT by making more
informed decisions, aided by the
torrent of interactional and
transactional data at their
disposal.

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HOW CAN IOT HELP ?
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• IoT platforms can help organizations
reduce cost through improved process
efficiency, asset utilization and
productivity.
• The growth and convergence of data,
processes and things on the internet
would make such connections more
relevant and important, creating more
opportunities for people, businesses and
industries

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CURRENT STATUS & FUTURE PROSPECT OF IOT

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A GATEWAY TO THE FUTURE!
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ECONOMIC ASPECT OF IOT
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ONE OF THE VAST IMPLEMENTATION OF IOT IS SMART
CITIES. SOME WORLD’S TOP SMART CITIES ARE:-
Ranking City Total Score
1 London 33.5
2 Singapore 32.3
3 Seoul 31.4
4 New York 31.3

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DHOLERA ( INDIAN SMART CITY)
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FEATURES:-
• Established Under Special Investment Region Act 2009.
• The Dholera Special Investment Region (DSIR) is proposed as a major new industrial
hub covering an area of about 920 sq km of land.
• R & D, Knowledge & I.T Zone.
• Global Business Hub.
• International Airport & Sea Port.
• Fastest Growing City in India.
• Dholera is a India-Japanese joint initiative that are proposed to build a -Mini-Japan
Township.
• Project goals are to double the employment potential, triple industrial output and
quadruple exports from the region in next five years.

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CHALLENGES FACED BY IOT
At present IoT is faced with many challenges, like –
Scalability
Security
Technical requirements
Technological standardization
Software complexity

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SOLUTIONS TO THE CHALLENGES
Several solutions are proposed to overcome the problems. Some of them are :-
• Overcoming compatibility issues is a significant IoT hurdle, but emerging
companies are starting to enable increased interoperability through open-source
development.
• Governments and industry bodies need to set standards and regulations for the
various industries to ensure that data is not misused.
• IoT needs strong authentication methods, encrypted data and a platform that can
track irregularities on a network.

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HOW MUCH IOT CAN IMPROVE
THE OUTPUT AND PROFITS WHEN
IT USED IN LARGE SCALE
BUSINESS?

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CONCLUSION
Projections for the impact of IoT on the Internet
and economy are impressive, with some
anticipating as many as 100 billion connected
IoT devices and a global economic impact of
more than $11 trillion by 2025.
- McKinsey Global
Institute
The potential economic impact of IoT is huge,
but the journey to IoT adoption is not a
seamless one. There are many challenges that
face companies looking to implement IoT
solutions. However, the risks and disadvantages

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REFERENCES
• 2018 Roundup Of Internet Of Things Forecasts And Market Estimates (forbes.com)
• The Internet of Things (IoT): An Overview | Internet Society
• Internet of Things (IoT) Definition ~ Webopedia
• The Internet of Things (IoT) — Changing the Manufacturing Sector’s Landscape for Good | Aranca
• Risks and Disadvantages of IoT and How to Overcome Them – Nebula

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THANK YOU