The Internet of Things is much vaunted, but what exactly do we mean when we talk about the Internet of Things? And what value can it really offer?
Ubiquitous connectivity has created a new paradigm, where the closed, static systems of the past will become obsolete; superseded by a new world of smart, connected machines and intelligent systems that communicate with each other and with people in real time, driving transformation and optimisation in all aspects of our lives.
This is the promise of the Internet of Things, but how realistic is this vision?
What is the Internet of Things?
The Internet of Things, or IoT, is a concept which reimagines the way we connect products, devices, sensors and machines.
New devices and products which have some degree of network connectivity are being launched everyday.
This connectivity offers new opportunities to communicate with these devices, to share information and to use this information to improve the way we work and live.
This promise is what is generating the excitement around the Internet of Things.
Our partner ThingWorx states: “With the connection of low-cost sensors to cloud platforms, it’s now possible to track, analyse and respond to operational data at scale. The promise of the IoT is indeed wonderful: intelligent systems made up of smart machines that talk with each other and with people in real time, and data analytics driving optimisation and transformation in industries as varied and far-reaching as aeronautics and agriculture, transportation and municipal services, manufacturing and healthcare, and even within our homes.”
Indeed, some of these transformations are already happening, and many of them are being driven by ThingWorx solutions.
However, the promise of the Internet of Things has generated as much hype as it has excitement and, inevitably, this means there is also some scepticism about the IoT’s true business and social value.
What are the challenges of the Internet of Things?
The Internet of Things throws up some serious challenges for would-be innovators.
Each of the new devices and products that make up the Internet of Things has its own proprietary technologies and specific communication protocols. Connecting these devices, therefore, represents its own degree of complexity.
In addition, there are new challenges about the way we secure these devices, systems and the data they produce and use.
Perhaps the greatest challenge of the Internet of Things is making sense of, prioritising and using the (potentially vast) quantities of data that these devices and systems generate. Creating user-friendly apps and dashboards which can communicate information quickly is, therefore, one of the key challenges of the Internet of Things. Machine learning also has a role to play in helping us to make sense of this new wealth of information.
What could the Internet of Things do for me?
InVMA has the experience and expertise to help you develop your own IoT and analytics strategy and then put that into production. We can help you explore the new possibilities the IoT offers your business and help you make sense of these options. We can help you understand which opportunities could deliver the most – or fastest – returns for you business so you know exactly where to start on your Internet of Things journey.