IoT Driven Solutions are the FutureJust got woken up by your alarm but may not want to get out of the bed to make coffee? What if your ...
Just got woken up by your alarm but may not want to get out of the bed to make coffee? What if your coffee maker could kick into action right when you stop the alarm clock? What if, instead of fake professional smiles, your smartwatch can tell how productive you were today or how happy you are from the inside! Imagine you are running out of groceries—and as per the menu for today, your fridge, not your mom, sends out a WhatsApp text for what you need to bring today from the market!
Stuck in the traffic and want to postpone the meeting with your colleagues without sending out an email in the middle of the honking spree? What if a bot could do it for you based on the prior instructions aided by GPS? Cannot figure out which song suits your mood today? But your body vibrations and energy associated with it can get captured by your car to play your favorite track for the motivation that even you did not know you needed today! Imagine inside every room of your home a different song is blasting on the same speaker connected via an audio bridge (Home automation HiFi wireless system)! Imagine your printer knows how many papers you need to order as per your daily use and places the order on Amazon.
All this and a lot more with a chip. (Not a human bot, but a human turned into a subject with a chip, maybe.) And every interconnected thing starts making magic, which is the fascination of every third-grader! Now, smart cities, smart harvesting, smart locks, smart eyes, intelligent systems, or even the devices send notifications. With the advent of smart digital, things like manually checking the air pressure in your car tires are on the path of becoming obsolete in 10 years.
It is what AI, ML, IoT, and big data can do. These technology building blocks accelerate the pace of digital transformation and will create new experiences that will invent new things, reinvent old ones, and burn useless stuff to the ground. To put in a layperson’s terms, IoT is a system of interconnected things over a network that consists of four key elements:
- Sensors that capture data, e.g., movement, location, temperature, among others
- A network that sends data to processing devices or platforms
- Data analysis software that generates an in-depth understanding of complex instructions contained in the data
- Service platforms that convert these instructions to actionable items or actions.
Thinking about IoT as a few billion dollars industry or a smartwatch tracking your steps and your heart rate is surface knowledge only. Irrespective of the exponential pace at which this industry is growing, IoT’s use cases are somewhat out of this world. Quite frankly, these use cases look even more interesting than Musk’s way of tackling ‘population collapse’ and saving Earth’s resources by colonizing Mars. (Even Doge lovers would agree that Doge barking on the moon is probably too much.)
Right now, there are more than 12 billion IoT devices in the world, which is roughly 1.7 IoT devices per person, and 94% of the worldwide businesses currently using them will make this number go skyrocketing. If we are to put a price tag on this technology, then it is imperative we mention that roughly 1.1 trillion USD will get spent on IoT devices in the year 2023, which is higher than the combined GDP of more than 100 of the poorest countries in the world.
When big money is involved, everything looks swanky: 5G, IoT, AI, and whatnot! It is true that these new-age technologies will create innovation for the masses; they will make luxury accessible and create a future that looks promising from every corner. It is only a matter of time when Indian PM Modi’s extraordinary comparison between per km rates of Ahmedabad taxis and Mangalyaan becomes a reality, and you get to hitch a ride to Mars in an Ola Share, UberPool, or something else even after the peak hours.
PS: Don’t forget to call us to discuss your next big IoT project.