The Internet of Things (IoT) is a concept in the computing world which defines the notion that ordinary physical objects can be connected to the Internet, and can have the capability of identifying themselves to other connected devices. This is extremely important, because any object which can digitally identify itself to others becomes something much greater than it would be on its own.

Whatever the object is, it no longer relates just to its owner but can be corrected to an endless number of other machines.

If this description sounds a little nebulous, it’s understandable, since it’s a somewhat difficult concept to grasp. The digital innovation expert who coined the term IoT, Kevin Ashton, put it this way, “If we had computers that knew everything there was to know about things – using data they gathered without any help from us – we would be able to track and count everything, and greatly reduce waste, loss, and cost. We would know when things needed replacing, repairing, or recalling, and whether they were fresh or past their best.”

What Can IoT Do?

There’s a subtle capability included within this quote which you may have missed, but which is the central concept behind Version II of the Internet itself. The original Internet was entirely comprised of data created by humans, but in its second incarnation, the Internet will also include vast amounts of data generated entirely by objects, without human intervention.

Another important point made in the quote by Mr. Ashton is that some of the data generated by objects relate to performance and everyday operating conditions, and back-end software can evaluate this data. When such data is analyzed and compared against other data, it can provide extremely useful information about the status and performance of the object sending the data. That’s how we know if a device is not operating correctly and can make necessary replacements as soon as possible. However, this capability is only one of the many uses advantages which will result from objects connected to the Internet of Things.

Smart Homes

One of the ways that the Internet of Things will change life in our everyday world will be through the greater adoption of smart technology in the home setting. Although there have already been several ways that IoT technology has improved life, even more, are just around the corner. Today you may have your coffee pot, your thermostat, and your Amazon Echo connected to the IoT, but even more innovative ideas like this are currently being tested and readied for production. Expect to see IoT versions of washers, dryers, refrigerators, security systems, and lighting systems very soon.

A self-driving car powered by IoT.

It’s predicted that IoT will eventually result in self-driving cars, and other exciting automated innovations.

Wearable Devices

Last year, approximately 85 million wearables were sold in this country, and within two or three years, that figure is expected to exceed 400 million. In the broad category of wearables are included fitness trackers, virtual-reality headsets, smart watches, and other devices. All of these wearable devices are generating literally tons of data, for which practical uses have not even been defined yet. To be sure, there are endless possibilities and potential applications for this data, and when some of these are put into practice, the Internet of Things will become a far busier place.

Smart Cars

One of the most tantalizing uses of IoT technology is in smart cars, which are now very close to becoming a reality. In a few years, more than 80% of all vehicles on the road will be connected to the Internet. This will increase the potential for navigational guidance, diagnostic tools, and most exciting of all, self-driving cars.

The automobile industry has made major investments in exploring the potential for IoT technology relative, and as a result, self-driving cars are a virtual certainty in the near future. Many such cars have already been built and tested, and have performed admirably under controlled conditions – which means general rollout won’t be far off.

Business Applications

The Internet of Things will affect more than just individuals and will change the way we do business. For instance, physical inventories will no longer have to be conducted by employees spending their entire weekend in the warehouse, because smart devices will be able to track inventory automatically.

Inventors and creators of appliances and other gadgets will be free to get creative in developing new devices which can provide consumer benefits by being connected to the IoT.

The number of employees working remotely or from home will increase dramatically in the future, as more devices are connected to the IoT, permitting closer integration with work facilities.
Businesses will closely analyze all that data which is being generated by objects connected to the Internet of Things, and a great deal will be learned about where they should put their focus regarding where to innovate, what to innovate, and how to innovate.