Internet is driven by wired and wireless networks, keeping us connected throughout our daily lives. With the advent of new digital devices that constantly link us to the Internet, these networks have become much more than just a simple vehicle for information and communications. They now enable us to track our daily habits, monitor our health, manage home energy use and track nearly any other data we can imagine. These devices make up what we call the Internet of Things – a web of connected objects that are linked via networks that can interact with each other and with us.

Today, there are more connected devices than there are human beings on the planet. This expansion isn’t just from cell phones, tablets and computers – it’s to toothbrushes, stoves and million of other devices that now have IP addresses. Estimates show that there will be over 50 billion connected devices by 2020.

How does Internet of Things Impact us?

Internet of Things is going to create a huge impact in every part of our lives. The initial impact will be in urban area where IoT has potential to transform everything including – Transportation, communication, healthcare, banking domestic services and more. The users will see the new services enriching the relationship to the products,providing higher quality of life, comfort,security and fun. Say for example, you are on your way to a meeting; your car could have access to your calendar and already know the best route to take. If traffic is heavy your car might send text to your client notifying that you will be late. What if your alarm clock wakes you at 6 am and then notifies your coffee makers to start brewing coffee for you?

The IoT links smart objects to the Internet. It can enable an exchange of data never available before. It helps you to gain deeper insight and enhance productivity, create new business models and generate new revenue streams.

IoT- A Highly Networked World

Today, we live in highly networked world, where humans are connected to one another and to a huge reservoir of information and entertainment. About half of the global population now owns and uses a mobile device. In developed countries, most households are connected to the Internet. We use our smart devices for almost everything-work, play, shopping, entertainment, knowledge exploration and communication. It is predicted that by 2025 about one trillion devices will be connected to the Internet.

The IoT is transforming the world of business, creating greater efficiency. The major technologies of the IoT include the following:

Smart Watch

A smart watch is a computerized wristwatch with functionality that goes beyond timekeeping. While early models can perform basic tasks, such as calculations, translation and game playing, modern smart watches are effectively wearable computers. Many run mobile apps, using a mobile operating system.

Google Glasses

Google glass is considered as one of the most interesting innovation by Google. This is a wearable gadgets which gets converted into an optical device. It is a computerized version of glasses and is equipped with Internet connectivity. It has an optical head mounted display; you can wear it on your head just like your spectacles or sunglasses. It is the best hands-free solution for your smart phone though you can’t simply replace your smartphone with Google glass. The Goggle glass offers many features such as video recording, taking pictures, getting information and so on. The gear is quite light weight and comes in many colors.

Fitness Bands

Fitness Bands have made life easier by eliminating the guesswork from your exercise routine, or bring the things you love along for a walk, run or ride. Fitness Bands can count your heartbeats, track your footsteps and some of them can check your blood pressure as well. So, it’s always good to get a concise health report on the go, right?

Smart TV

A television set or set top box with integrated Internet capabilities that offers more advanced computing ability and connectivity than a contemporary basic television set. Typically, smart TVs supports ethernet, wi-fi, USB,Bluetooth and memory cards. Smart TV apps allow connection to websites like Youtube, Netflix, Vimeo and other social media sites such as Facebook and more.

We’ve only touched the surface of IoT, there is still lot of potential in IoT. Industries like manufacturing and energy are leveraging IoT to connect and innovate industrial processes in billion dollar factories. The retailers are using it to connect and deliver better experiences for customers. And like previous technology game changer, IoT will transform over time and look completely different in adolescence and full maturity. The promise and potential of IoT is out there-and the race is on organizations to get on board with IoT and devise smarter and more innovative ways to inspire new business models.

There’s never been a better time to start thinking about what IoT can mean to your business,city or country. Where are you on the journey?

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