Internet of things is often referred as the interconnected network of electronic devices/sensors and systems. IoT is the network of smart electronic devices connected together which process, store and exchange the data collected from various sensors.
An IoT system is a combination of hardware and software components. The electronic devices and sensors collects the data, this data from the sensors is shared over a network. which is processed using the software and certain actions are performed.
IoT platforms act as a mediator between the electronic system/devices and the application. These platforms provide the capabilities to perform the common IoT tasks such as data storage, device management, analytics, integrations, etc.
IoT has diverse range of applications from personal applications (smart thermostats, connected appliances) to improved healthcare (remote patient monitoring, health and fitness tracker wearable devices) and environment monitoring, smart grids.
IoT systems are categorized into 3 types based on the different industries and their applications. There are 3 types of IoT systems: 1) Industrial IoT Systems, 2) Consumer IoT systems and 3) Enterprise IoT systems.
Industrial IoT is a crucial part of Industry 4.0. IIoT is an ecosystem of interconnected sensors, instruments and other devices that work on the same IoT principles but more focus on industrial automation and efficiency across entire processes.
Consumer IoT Systems are designed for Consumer Market. The Wearables, Smart Home devices, Home Security Solutions, Fitness and Activity Trackers and other many internet enabled devices are the example of Consumer IoT.
For any IoT systems, data plays a crucial role. IoT devices collect a vast amount of data for analysis, monitoring and decision making. The amount of data generated by IoT devices is expected to reach 73.1 ZB (zettabytes) by 2025.
The number of IoT devices are increasing rapidly but there are many challenges to overcome with this trending technology. Security, Interoperability, Regulations, Compatibilty, Scalability, Bandwidth, Data Privacy and Complexity are some major challenges.
IoT is growing rapidly, globally, the number of IoT devices is expected to reach 29 billion by 2030. The IoT has the limitless potential, with many emerging trends and applications set to transform industries and improve our daily lives
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