This article is about Information Technology
7 Domains Spearheading Information Technology
By NIIT Editorial
Published on 30/03/2021
The Internet of Things (IoT) and augmented reality have now become the lifeblood of almost every business process. This epic collision between the world of business and IoT is such that it’s creating a new expressway for more opportunities. For the uninitiated, IoT has made it possible to communicate with physical objects. The concept has evolved in four stages; generation and ingestion of data, analytics, deep/machine learning, followed by automation or autonomous decisions by machines.
By 2022, the Internet of Things (IoT) will comprise more than 20 billion devices, Gartner predicts. Also, it has been estimated that over 5 million new ‘things will be added to the IoT ecosystem every single day shortly. It says a lot about how IoT is going to affect almost everything and the future of AR is only bright, including manufacturing to transportation, consumer applications to utilities, among others. Well, IoT is already creating a seamless experience – here are it’s 7 use cases across seven super domains:
You might want to check this one out around you and you’ll have the answer. From fitness bands, smart clothing, GPS bands, and coffee makers – these devices are now offering energy-efficient and compact ratings. For instance, fitness-oriented wearables are not just confined to steps, they offer biometric measurements too including oxygen levels, perspiration levels, so on and so forth. While at it, Forbes has estimated that around 400mn wearables will be sold in 2021.
By 2023, technological upgrades in the purview of smart cities will grow to an industry worth more than $25 billion if the figures revealed by the theJersey Institute of Technology (NJIT) are to be believed. There will be around 80 smart cities across the globe by 2025, the same study found out.
The concept of smart cities might sound like a far-fetched dream, but some urban areas have already been leveraging it for some time now. Los Angeles’ interconnected network of LED bulbs is helping the local government know the condition of each bulb in the city. It will also result in brighter streets and will track the status of malfunctioning bulbs, if any, in the city.
Industrial Internet of Things (IIoT)
Yes, you heard that right. Industrial Internet of Things buzz is accelerating at a breakneck speed. Unlike IoT applications, which are mostly driven by coolness factor and convenience, IIoT’s driving force is real potential. It will reduce costs, and increase efficiencies by improving decision-making – and of course, convenience will be the icing on the cake. While consumer-IoT demands users to pay for additional value, IIoT, on the other hand, is cutting the cost of connectivity and instrumentation by 90%.
Less Wastage – Thanks to sensors!
The world of Sci-Fi will become a reality and how! Pirelli, the global Italian tire giant, works with SAP HANA (Big data management system of SAP) to optimize inventory using real-time data produced by sensors in its tires across the globe which results in less wastage, reduced carbon footprints, less number of tires heading to the landfills and good profits. A weather forecasting system produced by IBM, Deep Thunder, provides risk assessment opportunities to several utility companies in the US.
Supply Chain – with a mix of blockchain
Distributed Ledger Technology, Blockchain, can make IoT devices even more effective. The mélange of IoT and Blockchain, or BIoT, will host many exciting services together – Like tracking of shipments in real-time, connected traffic lights for better management during rush hour, to name a few.
The in-experience while driving might have been a dream so far, but with IoT, this has now become reality, and how! Based on the sensors and pre-stored inputs, the car would be able to manage most of the operations itself. Camera, mobile connectivity, and sensors – that’s just about it and you’d be all set to get on a journey driven by machines!
Marketing with sensors? Eh?
Alexa and Google Home have not failed to build confidence in customers. Familiarizing customers with a seamless technique of conversing with tech, these assistants have taken a major position between consumers and a brand.
Well, let’s just wait for machines to surprise us in ways nobody ever has. All hail IoT!
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