Most analysts agree that that the Internet of Things (IoT) will be huge and it’s not hard to explain why it’s happening now. As virtually everything becomes connected—from cars to crops to conveyor belts—businesses can harness the resulting data to improve almost every aspect of what they do.
Gartner predicts that the total number of connected consumer, to grow to 30 billion units by 2020, representing an almost 30-fold increase over the 900 million things in 2009. (1)
With the cost of sensors, networking chips and other technology required to connect to the Internet devices ranging from light bulbs to smartwatches to industrial equipment becoming inexpensive. IoT will radically change the way businesses operate and people interact with the physical world.
We are on the threshold of a massive explosion of connected things; with 10+ billion devices currently connected to the Internet around the world. This number is expected to dramatically increase over the next decade, with estimates ranging from 50 billion to 1 trillion devices, the Internet of Things has the potential to create economic impact of $2.7 trillion to $6.2 trillion annually by 2025
How to get started?
As with other broad technology categories such as the cloud or mobile, the IoT offers quality-of-life improvements using devices that comprise the broad IoT perform different functions.
As more and more devices connect together to form the Internet of Things, the volume of data is expanding at an exponential rate. However currently most software applications can’t act on nearly 90 percent of the data generated from these connected devices. Due in large part to our limited ability to analyze the vast quantities of unstructured information we receive from IoT devices.
IoT value is realized in four foundational areas
Industry Transformation – Evolving new business models
Application and Solutions – Optimizing operations and enhancing performance
Platforms – Building and managing IoT solutions
Devices and Networks – Connecting what matters
Using IoT Watson computing capabilities, gives us the opportunity to make sense of IoT data such as images, video, and text in a variety of languages. As the cognitive system “learns,” it can even provide recommendations about your best course of action.
IBM is investing $3B over the next four years to help clients and ecosystem partners build IoT solutions.
IBM IoT Cloud Open Platform for Industries
New analytics services that clients, partners and IBM will use to design and deliver vertical industry IoT solutions.
New IoT services within IBM Bluemix
Enabling developers to easily integrate IoT data into cloud-based development and deployment of IoT apps.
Expansion of its ecosystem of IoT partners
From silicon and device manufacturers to industry-oriented solution providers
To learn More
IBM and Coursera have teamed up to offer a new online course, “A Developer’s Guide to the Internet of Things”, for developers who are just getting started with IoT. This entry-level course focuses on Raspberry Pi, the IBM Bluemix platform and Node-RED for rapid application development on both the device and the cloud.
To enroll select to, https://www.ibm.com/internet-of-things/learn/library/build-skills/
- How to Develop Applications for the Internet of Things | CIO, http://www.cio.com/article/2843814/developer/how-to-develop-applications-for-the (accessed November 04, 2016).
- Kim Escherich, @kescherich, “Internet of Things From hype to reality”, retrieved November 4, 2016, http://www.slideshare.net/ibmsverige/ibm-bc2015-internet-of-things-from-hype-to-reality
- IBM What is IoT, retrieved November 4, 2016, https://www.ibm.com/internet-of-things/learn/library/what-is-iot/