The Internet of Things: What is IOT in simple words? Definition and examples of how it is used and what are its benefits
Top Internet-of-Things (IoT) Examples to Know How It Works
Internet of Things: What is IoT with example, how it works and some projects! We Will Also Discuss Some Trends of IOT in 2022.
Increasing the impact of IoT in more and more segments of the economy, new sustainable and energy efficient IoT applications, expanding the next generation of decentralized networks like Helium, as well as increasing role of emerging technologies like blockchain, metaverse, and AI. Those are some of the most important trends in the Internet of Things field in 2022.
As usual we expect more and more devices to hit the market in different sectors, including consumer and enterprise. But the growth in the number of IoT devices is just a fraction of much bigger changes in the sector. At the beginning of the year, we can now look at this fast growing industry and distinguish the areas of potential growth as well as the challenges that will redefine the market.
One of the best properties of 5G networks is the ultra-low latency that’s necessary for successful IoT solutions. The new generation of networks is already available in many countries but coverage is continuing to grow. The next wave of expansion will now make it possible for the continuing digitalization. 5G can also be flexible and reliable, which is crucial for industrial integration. In the next months it would increase the feasible distribution of massive numbers of small devices.
New networks evolving
Enter Helium – the global decentralized network is gaining momentum with more than 500 000 hotspots around the world including coverage in almost every big city. It’s already the biggest wireless network in the world and it’s optimized for IoT use. Some expect it to reach 1 million hotspots in 2022, becoming more famous and gaining popularity among IoT solution providers and users. It’s probably not an exaggeration to say that Helium is the long – awaited driving force for the IoT market growth.
Accelerated IoT – to – blockchain integration
Helium’s blockchain based wireless network and its HNT cryptocurrency are just one example for the potential successful integration between these two emerging technologies. In fact IoT can benefit a lot from the increasing popularity of blockchain and its smart contracts. New decentralized applications can fully automate services like renting homes, autonomous cars, and other connected stuff as well as asset tokenization.
IoT is optimizing business processes
IoT sensors in offices and other corporate locations can redefine the business processes and the management of enterprise resources. From tracking employees movement, and meeting rooms availability, to monitoring warehousing operations and fleet management – practically every process in the organization can be monitored and improved using IoT.
As if it’s not already obvious with the current pandemic, healthcare is crucial for the society. And it can benefit a lot from the new Internet of Things applications. The medical devices in hospitals have long been smart and connected. But there’s much more. Here we are talking about connected areas like using cameras for monitoring social distancing rules and sensors for tracing different health indicators. That means including connectivity options even for specialized equipment, such as defibrillators, insulin pumps and even oxygen pumps. As such it is possible to monitor the vital indicators in real time.
Apart from that we may see an increased use of distance monitoring with connected devices such as fitness bands and trackers. Also, doctors can track their patients’ vitals online, that could eliminate unnecessary hospital visits. Through different IoT devices medical professionals can collect data and examine large groups of patients.
What about security?
So, we already have a very large number of connected devices and even more incoming in the next years. That means more ways in which hackers can attack the weak points. We are already seeing billions of attacks against IoT devices. They can be points of access to home networks, that are not as secure as those in our offices.
Also, because some IoT devices are very small they can sometimes get lost or stollen. In those cases, it would be necessary to have another protective layer against unauthorized users with physical possession.
For the manufacturing sector
IoT can one day have huge influence in the industrial manufacture of goods and providing services in this field. But before this can happen, we need to have smart factories and logistics with more and more automated processes. The inclusion of more sensors in machinery can drive a performance and predict the efficient time for replacement. Apart from that there is benefit of using AR and VR headsets which can be helpful too. Those will be useful for trainings and simulating processes.
Another trend is the continued push into wearable technology. This sector includes smart watches, fitness bands, and various other stuff and has huge potential in the IoT space. That would be beneficial to fitness and lifestyle-based businesses as many of those devices have integration with health and fitness monitoring options. This is also connected with the growing use of such electronics for medical purposes.