IoT stands for internet of things and this is essentially a network of devices via internet. In other words, an IoT refers to all those devices that have internet-enabled heads for receiving instructions/guidelines while you are using them bespoke to your need. The devices in the network, therefore, must have IP (Internet Protocol) addresses with an active internet connection.
At this point, you may be tempted to ask what’s new then? Well, the USP (Unique Selling Proposition) of IoP is that it connects to a host of devices beyond the traditional ones such as desktop and laptop. It can actually connect devices like smart phones and tablets to a range of other stuff used in your day-to-day life thereby make your life easy.
IoT also helps you to connect with the outside world beyond the four walls of your room via internet. It thus potentially brings about a world of changes befitting your life. For instance, on the adoption of IoT at your office, you can actually automate some of the processes that can safeguard you against the possible disasters such as early detection and sending a warning on the expiry of the fire extinguisher. As such, an IoT research company silently brings out the best practices out of your existing systems and setup.
The scope of work of an IoT research company:
Given the complex life situations and the growing work/life imbalances, the scope of work for an IoT research company is just huge. The idea of IoT is actually hotting up across the geographies. In short, the future is quite bright for the IoT technology and the companies that carry out research on it.
You will be pleasantly surprised to know that there are approximately 12 billion devices all over the world that can connect through internet and the number is increasing day by day paving the way for more convenience and comfort of dealing with machines than ever before. This, in turn, has thrown open a huge market for the electronics gadget markets such as electronic security systems at home, fire extinguisher, cars, alarm clocks, alarm systems, and more.
According to an estimate of the researchers at IDC (International Data Corporation), by 2020, the number of devices that will be equipped with the IoT technology will reach 26 times more over its current number. It further connotes that the acceptability and adaptability of the IoT technology are going gung ho all over the world.
The November 2014 issue of Gartner, the world’s leading advisory and information Technology Company, says that every industry has shown a significant change in IoT applications. For instance, the IoT application in automotive sector grew by 97.5% in a year during 2013 to 2014 and the application in consumer sector grew by 21.84% during the same period.
While the percentage of IoT applications is likely to go high on consumer products, the enterprise products will remain as the source of revenue earning. All these facts put together indicates that IoT is here to stay for many years befitting the industries and bespoke to your individual needs.