The impact of the Internet of Things (IoT) on our future lives

The progressive implementation of the 5G protocol will offer us, among other advantages, almost total connectivity and the concept of the Internet of Things (IoT). IoT has the strong potential to transform any static object into a smart intelligent sensor by giving it its own virtual identity. Thus, such an object is enabled to empathize and communicate with other objects and of course with humans. It is, so to speak, that new paradigm that collects information from the everyday physical world through the Internet (machinery, cars, appliances, platforms, places, wearables) and which we access digitally and simply from any device. 

This 'digital interconnection' will make any device autonomous, turning static objects into smart ones, while simultaneously emitting very valuable information to users, organizations, companies, and companies that must be prepared to interpret them. In fact, organizations should take advantage of all the data management they can to get the most out of their business by offering more personalized products and services, improving productivity and efficiency, benefiting all sectors equally, from healthcare, industry, automotive, agriculture, construction of smart cities ... leading us to make even more profitable resources and to be much smarter.

5 Keys to the IoT

To understand the development of the IoT you have to consider five essential aspects:

  1. It implies a determined commitment to miniaturization, whereby the components will become smaller and smaller (nanotechnology), which will facilitate the connection of practically anything, from anywhere and at any time. 

  2. The communications layer must necessarily be built around the 5G protocol and remove many of the barriers of the current mobile telephony infrastructure. 

  3. It involves the proliferation of services, applications, utilities, routines, and procedures that put into use and value the amount of information created from the Internet of Things. 

  4. It will represent an advance in the management of data and information in a structured, efficient, and secure manner.

  5. The processes in this environment of absolute connectivity will be delocalized, both in the cloud and in edge computing or a section close to the elements.

The ability to obtain continuous data with smart sensors will make it possible to make decisions or be able to carry out actions such as injecting the right amount of insulin into a patient at a given time or facilitating the sale of shares on the stock exchange, obtaining the highest benefit.

Going forward, these still emerging technologies will offer many possibilities to traditional companies. Organizations that understand that much of the new digital economy passes through the Internet of Things, that is, by intelligently connecting objects and people, have already defined how to focus on innovation. 

Its applications in the development of services and infrastructures for intelligent mobility, digital applications for energy saving and environmental control or remote care for the elderly, where physical presence in the territory is a competitive advantage, will give way to the development of new products and services. 

In the area of Smart Cities, our daily life is largely carried out in cities, estimating that by 2050, 70% of the population will live in large cities. For this reason, we have a very significant example of the impact that the IoT will have from the economic point of view in the development of these smart cities, where these technologies will play a major role. And paradoxically, it is in the Smart Cities sector and in the electricity sector where the concept of the IoT is already a reality.

An overwhelming majority of the workforce in the developed and emerging countries will be affected by IoT. The automotive industry has already jumped to the digital world by transforming vehicles, incorporating hi-tech sensors that offer new digital safety or comfort services: Internet connectivity, hands-free with voice recognition, geolocation in accident cases, and radars indicating the proximity of other vehicles on the road if we get out of the lane.

There is an established fact that electric vehicles (EVs) will be accessible to all as well as driverless vehicles will be present on our roads. Besides, innovations are being sparked in the way of manufacturing, so we will have to radically change our professional skills in the near future.

It is expected that the new generations are not likely to go physically to banks for transactions. In fact, a mobile pay facility, which is called digital banking, has already been established globally and in the near future, they will pay with their mobile phones. Indeed, this will make the credit cards disappear, since we will pay directly against our bank account.

 

Author Bio:

My name is Alisa Zoe, I’m a “Freelance Writer”. As a freelancer write many technical articles. Also, provide solutions to students queries like ‘Who want Online Assignment Help?’

Started by Alisa Zoe at September 15, 2020 - 8:05 PM