Why the next 10 years of IoT will smash the last 10 years
A little over two decades in the year 1990 John Romkey and Simon Hackett connected another device other than a PC to the internet. That “other” device connected in the 1990’s was an electric toaster that was controlled by a simple protocol. It wasn’t till another decade that Kevin Ashton coined the phrase “Internet of things”. Adoption of Internet of things was slow during the subsequent two decades but towards the end of the second decade in the year 2008-2009 a transition happened, the “things or devices” connected to the internet numbered more than people. Now in 2015 it has picked up pace and we are traversing a boom of connected devices backed by the potential of its large scale integration into everyday life.
This integration is possible as the human led intervention of inputting data would be replaced by the “things” reading data off each other. This increased and efficient data exchange along with the trends discussed below is going to see Internet of things being adopted and going mainstream in the years to come.
IPv6: The use of IPv6 (Internet Protocol Version6) provides us with more IP addresses for identification than what was possible with IPv4 system. This comes in handy as the number of devices that could be connected is practically limited by imagination. This ready availability of addresses gives us an opportunity to connect ever expanding connected things.
IOT Semiconductor Growth: The microcontrollers, sensors and embedded processors will see a growth of 36 % from 5%. The connected device would require the individual semiconductor chips to be embedded into them to enable it to be a part of the internet of things. This growth would be driven by every conceivable industry, thus bringing an explosion of semiconductor growth.
Digital Shift: The present day businesses are all set to adapt and embrace the concept of Internet of Things. The Digital shift that was started by social, mobile, analytical and cloud will realise its full potential with Internet of things. The Data and the interaction between the SMAC elements would enable the device connected to the internet to perform activities more precisely. In the years to come this digital would be the norm and the extracted information could become priceless in the world of Internet of Things.
Common Standard: A major hindrance to the widespread adoption of internet enabled devices communicating seamlessly is caused due to the fact that the devices speak different languages. In the future these multi standards would be unified and every device would be able to speak to each other through common standards.
Lower Cost: The cost of the components to make the device internet enabled will come down to a point where connectivity becomes a standard feature. This can encourage the large scale adoption of Internet of things into every conceivable device to make them smart. Motion sensors, temperature gauges, image sensors, GPS, NFC, and BLTE are becoming less expensive; these devices can send data continuously to devices that can use them to drive further processes.
Connectivity would be taken up to new levels with the large scale integration of IoT. IoT will become more common and the way we interact with each other, work and live would be touched in ways that we are yet not accustomed to. The coming of age of the Internet of Things beckons us and that call can’t be ignored as it would be the norm of the future.