WHAT IS IoT (Internet of Things) ?

 

WHAT IS IoT?

 IoT is an industry buzzword, but what does it mean? Loosely, the Internet of Things

 references the growing network of smart, connected products. This network is impacting

 top industries and changing how things are designed, made, and used.

Consumer IoT

Any product directly used by a consumer is part of the consumer IoT. Some consumer products are already widely used,

Such as fitness tracking devices, smart watches, and home products (think of the Nest thermostat or the Apple Home Kit).

 

It’s predicted that in 2016, 33% of adults will use some form of IoT in their home, as a wearable, or in their car, and this group is only expected to grow.

The industrial IoT includes any product used by a company to deliver a good or service,

such as factory machinery or industrial vehicles.

The industrial Internet of Things (IIoT) unlocks new opportunities for better product design, improved customer satisfaction, increased up time, and additional streams of revenue.

Premier deicers

Premier implemented an IoT solution on airplane deicers with a goal to increase efficiency, gathering data on system component performance, 

fluid pressure, flow, temperature, volumes and overall usage. 

With this information, downtime can be minimized by predicting component failure and ensuring fluid usage does not exceed supply levels.

ABB

ABB built remotely monitored spare parts lockers with integrated barcode and RFID scanners which were shipped globally to their customers sites stocked with spares.

 As parts are checked out of the lockers and used, the inventory can be tracked 

and trigger automated ordering processes to replenish the locker relieving spare

 shortages and streamlining the asset management process.

Sense. Analyze. Connect. Exchange.

The Internet of Things as it is known today had an inconspicuous start in 1999 with a tube of lipstick. 

Kevin Ashton of Procter & Gamble noticed that when he visited stores, one shade of P&G lipstick was always sold out. To understand why lipstick couldn’t stay stocked, Ashton had an idea: 

attach a RFID tag to the product, collect data from it with a wireless router, and use it to tell stores what’s on the shelf.

 

He coined the phrase the “Internet of Things” to refer to the network of devices connected to the internet that can collect and exchange data with the goal of achieving a better product experience.

 IoT is far from limited to drugstore shelves, with applications fundamentally transforming industries. In fact, the most valuable uses of IoT are found in the industrial rather than the consumer realm.