Connected Life – Today, LIFE is all about connection and connected stuff, and sometimes it appears that if there is no connection, there is no life, and what was life just 10 years ago? Everything was simple like I read some time back on Facebook: “Life was very simple and easy when BlackBerry, Apple, and Berries were just fruits, Windows were just windows, and Ice-cream soda and jellybeans were just deserts”. In today’s world, it goes way beyond its simple meaning.
Introduction – Connected Life
Today, under the shadow of the Internet of Things, or simply IoT, we have connected homes, connected cars, connected financial services, connected health, connected education, connected friends, and connected life in a nutshell. but the majority of humans still struggle for just basic needs like food, water, shelter, health services, and education, so where we are going, I am confused.
We claim we can access our friends, our home, etc. from anywhere in the world, but interestingly, we as friends sit together and stick to our smart phones and chat with friends who are far away but who sit next to us. We never even bother.
Payment, or connected spending, in my terminology, people say mobile payment will be a 79 billion dollar industry in 2019. My question is, how much are we going to give to 70% of the world’s population who need just basic needs?
In the past, of course, there have been plenty of non-great places to work as well as many things at the same time we have managed to succeed without mastering “what is needed.” And many, no doubt, will continue to thrive. But all evidence suggests that this track is about to get much harder. Big, deep structural changes in the economy are likely to boost the advantages that great employers already enjoy in the marketplace and penalize even more the companies that fall behind. We are not yet talking about artificial intelligence, data science, or any machine learning concept. IoT will definitely get smarter and gain consciousness after getting machine learning algorithms.
I am trying to understand new technologies and their contribution to the formation of our day-to-day activities, work, and lives. At least my day, which is usually long, began to contribute almost 90 percent of my time towards the Internet, or on the Internet and mobile. The arrival of the new era of IoT in the coming period will spread so much that it will enter every area of our lives; we will become units in the Internet world. We will no longer sit on our computers or browse on our mobile phones. The Internet will become an essential component of our lives, like air, water, and food, and will get into our lives so much that we can’t be separated from it. It’s difficult to say whether this will be a good or bad thing.
What is the Internet of Things?
The IoT (Internet of Things) is a network of physical objects embedded with software, sensors, and connectivity. The “things” within this network can sense, process, and share data with each other. Current examples of this technology include shoes with GPS trackers, Apple technology with watches, and Google technology with wearable glasses.
From different research and market inputs and studies, the estimated size of the IoT (Internet of Things) market varies with a huge gap. For instance, Gartner expects it to include nearly 26 billion devices with a “global economic value-add” of $1.9 trillion by 2020. Others are optimistic. The International Data Corporation (IDC), for one, estimates that the universe of things connected to the Internet will generate nearly $9 trillion in annual sales by 2020.
To affirm, the idea of IoT is not a novel concept. Point-of-sale (POS) machines have been a regular feature in retail stores for an extended period, among other machines. The forthcoming shift in technology involves the manner in which individuals and machines engage in communication and collaboration. The realm of the Internet of Things encompasses all entities that possess or can be equipped with Internet connectivity, enabling them to effectively interact and exchange data with other sophisticated devices.
The list includes home appliances, fitness, and health monitors and devices, all electronic gadgets, home security systems, mobile phones, tablets, PC/laptops, cars, water tabs, and plugs—in a nutshell, anything and everything. Evening banking and financial portfolio details, holding machines, lights, fans, audio systems, temperature control equipment, via any means in the range from smart cooking pots and toothbrushes to GPS-tracked shoes to wearable technologies like watches and clothing, etc.
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