Internet of Things, a disruptive technology, is transforming our destiny and world around us. It is going to change our lives and everything around us smarter from the lights on the streets to seaports predicted as far back as in 2014 by Wired, a monthly American magazine. Internet of Things is not just computers hooked to the Internet, but also includes physical devices, buildings, and vehicles and much more embedded with sensors and connected network to make things smarter to make our lives smart. Some of which we are already experiencing today like smartphones which we use for our daily shopping needs without leaving our homes and visiting a shop, for example.
No field is left untouched by IoT today. Still, the World in future expected to witness Jaw-dropping changes as expressed recently in an interview by Kevin Ashton considered the father of the Internet of Things and a former staffer at Procter & Gamble. He feels even IoT can help us search our pursuits with supernatural life. That is said to be the power of IoT transforming our lives. Here are a few changes that go to leverage the Internet of Things in the future.
Self-driving car adapted to a modern technology
Source Volvo: Self-driving XC90 Drive Me, equipped with cameras, radar and lidar (like radar but using a laser) for safety
Kevin Ashton predicts many future things. According to him, a processing speed of an average microchip is faster than that of a human brain. Such things may go wrong, but still, he predicts. About two decades henceforth, he opines a person living in a place can commute in his self-driving car adapted to a modern technology to another far off place to work every day using a road designed specifically for speeds exceeding 250 mph. This level of driving speed is possible, as the Racers of Formula 1 cars now already have separate tracks and touching 220 mph speed. The person can sleep or read for half the time of the journey, but still, no accident happens. On a parallel road a zooming car not upgraded to the modern technology seen backfiring. Once the destination place reaches, street signs and traffic signals connect to the person’s car via the internet to communicate with each other to navigate safely according to the corresponding changes in flow in the traffic.
A Driverless Car
A driverless car; Source BMW group
BMW plans to launch driverless cars collaborating with Amazon and Intel. Google is already experimenting with the launch of driverless cars. You can experience your car drops you at work, and drives away to any available parking spot down the road. At the end of your working, the car picks you up and drives back to your place of stay. Sounds incredible? Today, people are traveling more than 200 km daily to work and back by trains. So IoT-enabled cars too can perform the same task in future.
Predictable new essentials of Internet of Things
As prices expected to drop, devices such as thermostats, high-tech security cameras, and lighting systems are predictably available widely in our homes in the coming years. IoT is also reshaping medical devices, manufacturing, reimagining cities, and helping to discover the world beyond the solar system. Your home might have a Wi-Fi connected Nest thermostat, manufactured by a Google company, and controlled by your phone with an application. It learns your preferred temperature at home, at sleep or awake with a sensor, and adjusts the same when you are at home accordingly. You can operate it from wherever you may be. This smart thermostat obviously becomes an IoT consumer product for the home. It comes with the capability of letting you know via email every month about the energy you have saved and consumed.
In January 2017, according to a CNBC report theAmazon’s Alexa became a showstopper at the Las Vegas’s fair of Consumer Electronics. Alexa, a rival of Google Assistant and Apple’s Siri, is a voice assistant with artificial intelligence. Earlier fitted with only Amazon Echo Speakers, it can now be fitted with any device from cars to security systems to thermostats.
Then there is this crash sensor technology, ICEdot Crash Sensor. This helmet-embedded sensor enables your phone to receive signals if you fell off your bike and hit the road. It even intimates how severe was the crash impact and sends SOS signals to your GPS enabled contacts as well as emergency contact for help. Reviews on this technology receive mixed response, but once it is proved its demand can be inevitably high.
Another IoT technology revolves around a safety watch, called Lively that is meant for the vulnerable and elderly. These people can wear Lively safety watch fitted with the sensors that monitor their movement within the house fitted with sensors. A fridge sensor lets you know if they have eaten, a medicine chest alerts if they missed a medicine dose, and a sensor on the bedroom door lets you know when they woke up. Even a help button can call the ‘Lively Care Team’ for emergency services, if need be, for a monthly subscription.
Amazing facts of Internet of Things
IoT devices are surging by billions. This does not just include tablets or smartphones alone. Cisco Systems predict the existence of IoT devices to be 50 billion by 2020, while PWC predicts 100 billion IoT devices by 2021. Similarly, revenues for the IoT companies are surging by billions. Selling processors for retail, automotive and manufacturing, Intel reported revenue of US$ 2.64 billion as against their 2015 revenue of US$ 2.3 billion. Intel is further hopeful to surge its revenues to new heights with its recent acquisition of Mobileye, a system maker of advanced driver assistance, at US$ 15 billion.
By 2020, the wearable technology consumer market is predicted to reach US$ 34 billion. IDC, a research, firm estimates the demand for wearable devices and smartphones to 214 million in the next three years from the last year’s 102 million pieces. Apple, the smartwatch market leader, marketed last year about 11.6 million units. Fitbit, the wearable tech market leader, shipped about 22.5 million wearable units in 2016. Last year, the General Electric earned US$ 6 billion from Predix, its proprietary software for data tracking from industrial equipment connected to the internet, and expects to touch US$ 15 billion revenue by 2020. GE is also slicing into Industrial Internet of Things whose worth is expected to be US$ 195 billion by 2025.
The latest data from IDC predicts the spending in 2020 on the global IoT to reach 1.29 trillion, a staggering market size. Wearable technology for health betterment is expanding, moving forward from its startups step-counters and heart-rate sensors. Verily, a Life Sciences Division from Alphabet is experimenting a year-long study of monitoring sleep, health, activity etc with 10,000 volunteers using wearable tech sensors and other sensors. Verily is hoping to predict the seriousness of health problems before they turn from normal to serious. These developments expect to boost IoT healthcare market predicted to be worth US$158 billion by 2022.
Internet of Things contribution of agriculture cannot be ignored. It is already helping farmers in growing their crops using equipment and tractors enabled with the internet. These IoT devices helping farmers to track how many seeds were planted and where, and when some crops can be harvested. By 2020, installations of IoT devices in farm sector expected by BI Intelligence to reach 75 million, up from 30 million in 2015. The UN estimates the world needs of food at more than 70 percent by 2050 compared to the needs in 2006, and IOT is expected to help fix this.
Top 10 IoT technologies for 2017 and 2018
Internet of Things Ecosystem Map; Source: Postscape, the leading Internet of Things resource online today.
Gartner’s recent analysis predicts the most cared top 10 IoT technologies for 2017 and 2018 for building enterprise infrastructure. These include all IoT-enabled Security, Analytics, Device Management, Low-Power, Short-Range Networks, Low-Power, Wide-Area Networks, Processors, Operating Systems, Event Stream Processing, Platforms, Standards, and Ecosystems.
Who knows we may see much more IoT changes beyond all these like a flying car which is under development.