Today LIFE is all about connection and connected stuff and some time it appears if no connection no life and what was life just 10 years back everything was so simple like I red some time back on facebook ” Life was very simple and easy when Black Berry , Apple and Berries were just fruits and Windows were just windows , Ice-cream soda & jellybeans where just deserts”. In todays life its way beyond there simple meanings..
Today under the shadow of Internet of the things or simply IoT the way its known we have connected homes, Connected Cars, Connected financial services, Connected Health, Connected Education, Connected Friends, Connected Life in nut shell. but majority of human 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 any where in the world but interestingly , we as friends sit together and and stick to our smart phones and chat with friends who are far but who sit next we never even bother. Payment or connected spending in my terminology people say Mobile Payment will be 79 billion dollar industry in 2019 my question is how much we gona give to 70% world population who needs just basic needs.
In the past, of course, plenty of non-great places to work as well as to many things at same time we have managed to succeed without mastering “What is needed” this understanding. 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.
New technologies, the way I am trying to understand and their contribution to the formation of our day-to-day activities, work and life. At-least my day that is usually long began to contribute almost 90 percent of time towards Internet or on Internet & Mobile. The arrival of new era, IoT in the coming period will spread so much that it will enter into every area of our lives, we will become units in the internet world. We will no longer sit on our computer or browse on mobile phone. Internet will become essential component of our life like Air, Water and Food and would get into our life so much that we can’t be separated from this. Difficult to say will it be good or bad thing.
What is the Internet of Things?
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 tracker, Apple technology with watch and Google technology with wearable glasses. From different research and market inputs and studies the estimated size of the IoT (Internet of the Thing) market vary with 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 optimistic are; 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
Just to reconfirm , the IoT is not really a new concept. We had and have machines like point of sales (POS) machines at retails or store since long etc. The technology transformation lies ahead in ways humans and machines interact with each other. The Internet of Things includes anything and everything that is connected or can be change to connect to the Internet and able to communicate and share information with other “smart” devices. These include home appliances, fitness and health monitors & devices, all electronic gadgets, home security systems, Mobile Phones, Tablets, PC/laptops, Cars, water tabs, plugs in nut shell any thing and everything including your banking and financial portfolio details holding machines, lights, fans, audio systems, temperature control equipment, via any means in range from smart cooking pots and toothbrushes to GPS tracked shoes to wearable technologies like watches and clothing etc.
This article has contribution from Sheetal as part of this post comes from her post from last year in linkedin.
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