What is interent of things?

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Definition:

· From the name itself we will come to know that it is an internet or the interconnection of different things.

· The internet of things is a scenario in which objects, animals or people are provided with unique identifiers and the ability to transfer the data over a network without requiring human to human interaction.

· It is a platform where we connect everyday things which are embedded with electronics, software and sensors to the internet and this enables to collect as well as exchange these things.

For what IOT is used:

To connect any device with an on and off switch to the internet and or to each other.

·    Headphones

·   Cell phones

·   Washing machines

·    Coffee makers

Why internet of things:

·    Dynamic control of industry and daily life

·    Better relationship between human and nature

·    Improve the resource utilization ratio

IOT Strategy:

·   Smart companies are using the IOT strategy into their products to differentiate themselves in the growing market.

·  Investors are looking to invest in companies that are pushing to commoditize their products using the internet of things strategy.

·  Consumers are willing to spend premium price for this trendy smart lifestyle.

IOT platform:

          The main purpose of IOT platforms is to reduce the complexities for IOT developers, service providers, and implementers. To understand what an IOT platform is, first we need to understand a little about the components of a complete IOT system.

• A complete IOT system needs hardware, such as sensors or devices. These sensors and devices collect data from the environment.
• A complete IOT system needs connectivity. The hardware needs a way to transmit all that data to the cloud (e.g. sending moisture data) or needs a way to receive commands from the cloud (e.g. water the crops now)
• A complete IOT system needs software. This software is hosted in the cloud and is responsible for analyzing the data it’s collecting from the sensors and making decisions.
•  Finally, a complete IOT system needs a user interface. To make all of this useful, there needs to be a way for users to interact with the IOT system (e.g. a web app with a dashboard that shows moisture trends and allows users to manually turn irrigation systems on or off).

IOT platforms applications:

• Connect hardware
• Handle different communication protocols
• Provide security and authentication for devices and users
• Collect, visualize, and analyze data
• Integrate with other web services.

Conclusion:

• The internet of things has connected people,things,processes,and data together through network communication.
• IOTs have potential to create over 14 trillion dollars in net profit for the private business sector.