The Internet-of-Things is the system of inter-related physical devices, computing equipment, mechanical and digital equipment, vehicles, building, human, or other items that are granted unique identifiers and the capability to collect and exchange data over a network without having a human-to-human or human-to-device interaction.
A "thing", in the Internet-of-Thing can be a human being with a heart monitor implant, a vehicle with built-in sensors that alerts the driver about any fault in the vehicle, a farm animal with a biochip transponder, or any object that can be assigned an IP address and enabled with the capability to exchange information over the Internet.
Extension of Internet Connectivity
The Internet-of-Things broaden the Internet connectivity beyond the traditional devices, such as - PCs, Smartphones, laptops, and tablets to a varied range of devices, and everyday things that use embedded technology for establishing communication and interaction with the exterior environment through the Internet.
Some Examples of IoT
Examples of Internet-of-Things encompasses things that include-thermostats, vehicles, connected security systems, electronic appliances, alarm clocks, speaker system and much more.
Businesses take advantages of Internet-of-Things to automate safety tasks to perform real-world A/B testing using cameras in the network and sensors to find out the way the customers get engaged with their products.
The future of the Internet-of-Things is very positive. As per a study conducted by Gartner, consumer applications is set to drive the number of interconnected things, while businesses will account for the lion's share of the revenue.
At present, there are over 12 billion devices that can connect to the Internet. Another study by IDC estimates that this number will be 26X by the year 2020. The IoT adoption is on the surge with manufacturing and utilities predicted to have the largest installed base of things by 2020.
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