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Analysis Trends of IoT (internet of things) May 6, 2016

Posted by duoalex in 2016 Trends.
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As we all know, data plays a vital role in our current society, because it has closed links with all things around us. It will be more convenient for us to make the daily information data- oriented. For instance, the dated-oriented business information will improve the decision-making, the work efficiency and the core competitiveness. And the connection between life items and the Internet will make the use of information more efficiently, so that it can make it possible for enterprises and users to enjoy the more convenience of data acquisition. This is the IoT.

The definition of IoT (internet of things), is not only related to object. IoT is a system, that include the IoT object (such as devices, vehicles, buildings, etc.), and that embedded with the things that can make them get connected with the Internet, the communication between them, applications and data analysis. [1] With the development of Iot, the dream of building smart home, office, and city is becoming true. The theory of IoT was first proposed by the British networking scientist Kevin Ashton [1]. According to a survey from “idtechex.com”, that there will be more than 3500 attendees, and no less than 225 exhibitions attend in 2016’s IoT show. [6] We can see the enthusiasm of the people is very high towards IoT technologies.

The Internet of thing was called another Industrial Revolution by scientists, because of its making transformation on interactive mode of enterprises, organizations, government sectors, users, and the physical world. According to a report retrieved from the businessinsider.com, before 2020, 340 million devices will be linked to the IoT (Internet of things), and the number in 2015 is only 100 million. [2] That is to say, during the 5 years, IoT devices will be grown into 240 million units, including 100 million units of traditional computing devices (e.g., tablet PC, notebook, personal computers, etc.). And in terms of the capital, the next five years will witness nearly 6 trillion dollars will be invested to networking solutions.

According to a survey named “Internet of things survey 4Q14: industry and regional perspective” from Gartner.com. We can draw a conclusion, that companies organizations in Asia/Pacific are more interested in IoT. [3] Their understanding and application for IoT are better than North America or Europe. In addition, if we put IoT into Google trends, we can also know the top three regions that are interested in IoT are South Korea, Taiwan, and China. They all belong to Asia/Pacific.[4] It is worth mentioning that, the investment of Asian countries for IoT projects is increasing year by year. According to International Data Corporation’s (IDC) announce that: “the Asia/Pacific Internet of Things (IoT) industry will continue its strong growth and it “Market Size” will increase from USD250 billion to USD583 billion.” [7]

In conclusion, IoT will exert a huge impact on both traditional industrial and commercial pattern, but due to the highly developed high-tech industries, the impact will mainly reflected in the relatively backward industries, such as traditional agriculture, because there are more space of technology and growth in traditional agriculture. Hence, I suggest we should pay more attention to the security and internet access of IoT, because they are still two obstacles in the further development of IoT. And, personally, I prefer to the smart home with application of IoT, this new application includes access control, light and temperature control, energy optimization, predictive maintenance, connected appliances, and so on. [5] In addition, it will also have great market prospects with the gradual increase of people’s demand on the quality of life.

 

references:

[1]https://en.wikipedia.org/wiki/Internet_of_Things

[2]http://www.businessinsider.com/top-internet-of-things-trends-2016-1

[3]http://www.gartner.com/document/2992432?ref=solrAll&refval=162390310&qid=1226f24a78b630fe795f4eaaff27a4c7#

[4]https://www.google.com/trends/

[5]http://www.ti.com/ww/en/internet_of_things/iot-applications.html

[6]http://www.idtechex.com/internet-of-things-usa/show/en/

[7] http://www.idc.com/getdoc.jsp?containerId=prHK25553415

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