The start of another technological revolution?
As the digital age has evolved, the Internet has become an essential component of people’s lives and workplace cultures. According to Statista, in 2020, India had over 622 million active internet users, and by 2025, the number is expected to exceed 900 million. Although there is a divide between urban and rural areas, it is shrinking as a result of development, changing landscapes, and the rapid expansion of Internet access.
Few aspects of our daily lives have been left untouched by the so-called “Internet of Things,” one of the most pervasive technological trends to emerge in the twenty-first century.
Internet of Things – Essential tool
The Internet of Things, or IoT, refers to the billions of physical objects that are connected to the Internet and actively collect and exchange data. With the advent of ultra-cheap computer chips and the widespread use of wireless networks, anything from a pill to an airplane can become a component of the Internet of Things. By connecting all these different elements and equipping them with sensors, digital intelligence is added to otherwise dumb devices, allowing them to transmit real-time data without human intervention. Connecting the digital and physical worlds, the Internet of Things is making the world around us smarter and more responsive. This makes it easy to manage all the IoT devices around us and enables automation over the Internet. Although the Internet of Things is often referred to as the “future” of technology, it is already pervasive in our daily activities. Online devices are now essential for many different fields and industries, from agriculture to healthcare. In addition to the many IoT devices present in the average home, this is also present.
There are many potential benefits of the Internet of Things, especially in important areas of our lives, such as the provision of health services, the management of cities and public spaces, public transport and education.
These benefits will have a significant economic impact in addition to improving the lives of ordinary people and consumers. The Internet of Things (IoT) can help create the digital equivalent of the industrial revolution, enabling data-driven processes and automation across a wide range of industries and sectors. If the Internet of Things represents the next “technological revolution”, it is clear that it has already begun.
The importance of IoT
IoT has emerged in recent years as one of the most significant technologies of the 21st century. Continuous communication between people, processes and things is now possible by connecting ordinary things to the Internet through embedded devices such as kitchen appliances, cars, thermostats and baby monitors. Low-cost computing, the cloud, big data, analytics, and mobile technologies enable physical objects to share and collect data with minimal human intervention. In today’s hyper-connected world, digital systems can record, monitor and modify any interaction between connected things. The physical and digital worlds collide, but they complement each other. IoT devices that can be used in various industries, such as smart air conditioning or security systems, and industry-specific IoT offerings, such as sensors in a power plant or real-time positioning devices for healthcare. While industry-specific products will gain traction early on, Gartner predicts there will be 4.4 billion cross-industry devices and 3.2 billion vertical-specific devices by 2020. While consumers are buying more devices, businesses are spending more; Last year, consumer spending on IoT devices was around $725 billion, with business spending on IoT reaching $964 billion. Businesses and consumers will spend an estimated $3 trillion on IoT devices by 2020.
As the number of connected devices continues to grow, our standard of living and work environment will be filled with smart products, assuming we are willing to accept the compromises in security and privacy. Some will welcome the new age of smart things. Others will long for the days when a chair was just a chair.
Paving the way to the future
With the widespread adoption of the digital revolution, IoT is emerging as one of the fastest growing technology sectors in India. It is already making inroads into various industries and India is on the verge of transforming and hybridizing jobs to meet the demands of the future. As a result, IoT is ushering in the next great digital revolution and paving the way for it through automation.
The views expressed above are those of the author.
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