According to Gartner, 20.4 billion connected things will be in use worldwide by 2020. The words such as the cyber-attack, hacking we can hear these too jointly with IoT. Despite, of the fear of piracy and cyberattack the internet of things and IoT applications will grow much faster in the coming years. Ultimately, we can say the IoT future scope or the future of IoT is very bright. There will a lot of IoT devices which will be coming shortly.
So, what is IoT?
The Internet of Things, or IoT for short, is a network of physical internet-connected devices that can collect and share data across a network. Simply put, IoT is a term used to describe objects connected to the internet.
Kevin Ashton is known to be the Father of IoT. A founder director of MIT’s Auto-ID Center, alumni to Procter and Gamble.
According to Gartner:
In the year 2017 there were 8.4 billion IoT connected devices in the whole worldwide. While in the year 2018 it increased to 9.2 Billion. It is expected that in the year 2020 the IoT connected devices in the worldwide would be 20.8 Billion.
There are n number of devices that we see daily but aren’t aware it utilizes IOT as its functioning machinery.
There are IoT coffee machines that send out alerts when you’re running low on coffee. IoT connected beds monitor your sleep and adjust the temperature to optimize your sleep patterns. More practical applications of IoT include connected cars that can drive and update themselves.
According to Forbes, only 18% of small businesses and 13% of mid-sized companies considered IoT a priority in 2015. However, many SMBs are already reaping the benefits of the technology.
Industries with IoT
There are many benefits that gives industries the ability to transform into digital standardization. Let’s walk through the major benefits of digitizing with IoT.
1) Home and Security
This category hits close to home … because it’s about your home. Connected devices currently inside homes include the usual suspects like lights you can control with your smartphone, as well as more advanced options like smart refrigerators that allow you to reorder food from built-in interfaces. We can’t miss out Amazon’s Alexa is currently one of the most popular and well-known smart home devices.
Smart lights, like the Philips Hue bulb, and smart thermostats allow users to remotely control their heating, cooling, and lighting. IoT connected lights can help homeowners save on energy costs by automatically shutting lights off when no one is home. Smart thermostats work similarly by automatically adjusting the temperature to reduce heating and cooling costs. And the benefits don’t stop there. IoT devices can collect energy data at a granular level, making it easy for home and business owners to identify issues and plan accordingly.
Hospitals are already able to remotely monitor their patients’ health and collect data using connected medical devices like insulin pumps and heart monitors. This allows doctors to catch early signs of problems and take preventive action. Connected fitness trackers are so helpful even insurance companies are encouraging their customers to wear one.
4) Urban Planning
By building up information and communication technology, or ICT infrastructure, and sharing data through IoT connected devices, cities can alleviate some of the issues that come with all that growth. In smart cities, sensors embedded in roadways that detect traffic volumes and adjust street lights accordingly reduce commute times.
How many IoT devices will there be in 2020?
We can say one thing for sure the number of IoT or the Internet of Things devices will outnumber the total population of the earth. While we can even say that the Internet of Things or future of IoT is something which is increasing tremendously in an unexpected way.
In the below graphical representation of the Statista, we can see the increased use of the Internet of Things or IoT connected devices from 2015 to 2025.
According to the graph, we can say the usage of IoT devices will be 30 billion and above. This is four times more than the total population, which is just 7.7 Billion
With the promise of 30+ billion connected devices by 2020, it’s safe to say that the Internet of Things has arrived, and it’s here to stay. And with the rise of IoT, comes an onslaught of data.
With the increased use of the Internet of Things the treat for security and safety has also increase. So, we should be careful while providing the details on the Internet platform. However, we can see a lot of necessary steps are being taken but keeping your data safe with you is essential.