The “Internet of Things” is entering our lives and daily proceedings of businesses worldwide, slowly but surely.
This means connected cars, wearables, TVs, smartphones, fitness equipment, robots, ATMs, vending machines, and all of the associated applications, security and services, analytics and platforms that come with them.
Intel estimates, the IoT is predicted to have 4 billion people using 31 billion devices by 2020. IoT is looking to avail these applications and services worldwide on a massive scale, such a system will have to collect vast amount of data about user, consumer preferences and the “Things” itself and this is where the “CLOUD” comes into the picture.
No single organization has the capability to
- Have a large enough database to store such high volumes of data that will be generated.
- Processing power to work on the generated data
The Cloud will benefit IoT in the following ways
- Data Analysis
- Mining useful information of the data but using the decentralized processing power of the cloud
- Better prediction capabilities which will help in advertising, targeted marketing, resource management and cost cutting.
- Also help provide better services to consumers depending on their preferences
- Support to Startups to pursue IoT
- IoT still having a lot of scope for evolving innovation , and startups offering different IoT related devices and service , the cloud will provide easier and cheaper solution to these startups.
- Allows smaller businesses to use sophisticated software for project and customer relationship management.
- Report Generation
- Users will be able to gain access to extensive reports on everyday objects that could not previously be tracked.
- From transport systems to healthcare processes, this is quickly becoming a reality as embedded chips are sending vital information to the cloud, speeding up processes, and altogether solving universal management issues.
- With the rise of IoT, trust issues will remain at the top of the list as major concerns for the industry. In order to meet full potential in this new area of technology, privacy and security measures will have to be taken very seriously and carried out at the same speed, or even faster than the introduction of new objects.
Thus in conclusion:
Systems in the cloud will be used to (a) mine data into valuable information and (b) create productive, cost-effective actions from the mined information. Thus the cloud effectively acts as the brain to improve decision-making and optimization for Internet-connected interactions.
Img Source: http://emptechgroup.com/the-internet-of-things/
Thanks for reading 🙂
This post was written for Inventrom by Dattaprasad Naik. Datta has been working with Inventrom since 2013 and leads Learn, the department involved in training and workshops. Follow Datta on twitter via @datta_TECH