30 Jul 2020 Module II
30 Jul 2020 Module II
Module 2
Evolution of IoT and the trends
1949 – Bar Code: The beginning of the IoT starts when Norman Joseph
Woodland invented the bar code. He obtained his idea when he drew
four lines in the sand at a beach of Miami. Later he received the patent
for the linear bar code.
Evolution of IoT and the trends
1969 – 2 years later, the US Dept. of Defense sent the first message
over the ARPANET, the predecessor of the internet.
Evolution of IoT and the trends
1973 – Mario Cardullo receives the first patent for a passive, read –
write RFID tag which revolutionizes retailing.
Evolution of IoT and the trends
1974 – After the RFID developed, the Universal Product Code (UPC)
label is used to process purchases at a super market for the first time.
Evolution of IoT and the trends
1990 – In the next decade, MIT’s Thad Starner starts using a customized
computer and heads – up display as a wearable. Coincidentally, Thad is
now the technical lead for the Google Glass project.
Evolution of IoT and the trends
2008 – 2009 – Three years later, CISCO internet Business Solutions Group
claimed “ Internet of Things” was born because there were more objects
connected to the internet than people.
2014 – IoT evolves rapidly and most of the companies are adapting to the
new technology.
Advancements in data handling and analysis – Over the past decade, data
handling as well data analytical capacity has improved by manifolds. Data
collection and analysis being the USP of an IoT based system, advancements
in data analytics has definitely opened up newer IoT use cases.
Numerous data analytics techniques such as Spatial Analytics, Time Series
Analytics, Streaming Analytics are being used to analyze the data which
vary both in formats and structure
Conclusion
Over the time the RFID based IoT model failed to gain enough
attention due to limited connectivity option, high cost of devices and
infrastructure. Plus, the RFID based system was not deemed fit for
large scale production set up such as the industrial automation.
IoT offers endless possibilities for the business world to ensure that
companies can grow and alter the roots they grew on.
The business has a huge impact on the latest inventions that are added up
with IoT.
The best thing is that it doesn’t change the methods of business operations
but just made it much more efficient with the implementation of automation.
It has altered the way data is exchanged and collected to operate business
processes.
There are a number of reasons through which the IoT is altering the business
world such as:
Inventory Management & Tracking
There are several businesses that depend upon warehousing and storage that require
real-time tracking and management of inventory.
However, it is not easy to monitor everything and require a lot of manual work to ensure
that no operation face time delay.
This keeps the personnel busy with manual work that can be difficult to operate other
operations.
This is completely changed with the introduction of IoT in the business world.
It has the ability to keep track of inventory for the business owners
The automatically controlled options have a huge benefit for inventory control and
manage them efficiently.
It allows personnel to put their efforts into more productive tasks and cognitively
demanding operations.
Increased Effectiveness & Productivity
The market and customer information gathered from clients and customers has a huge
influence on productivity.
The information can help business owners in so many ways with the increase in efficiency.
IoT allows devices to work up with efficiency while the connection with each other for
best results. It also helps in working up efficiently in minimal time.
The appliances and software based on IoT help in working in error-free and fashion
manner for the accomplishment of operations and tasks.
This promotes enhancing the profit of business along with its efficiency. In addition to
this, it keeps up in a well-maintained manner to work up with the quality of equipment.
This can be done in a regular fashion to ensure that productivity and efficiency have a
huge impact on business processes.
Skilled Workers
The fact is that IoT works up with basic knowledge about software and devices.
In addition to this, the working mode of devices with the internet is a major
part of the IoT business requirement.
Hence, it is essential to make sure that workers have skills that are required to
work around devices and the internet.
The workers must be efficient enough to handle the technology without any
hitches to ensure that processes are smoothly run.
The best is to hire someone who is more inclined towards modern technology.
This helps in future endeavors to enhance the value of the business.
Perception and Data Sharing
The data collection and exchange are a vital part of business operations.
This helps in the growth and function of business while handling the data in a much better way.
In addition to this, one can easily access consumer data, record patterns, and IoT devices track
that allows the device interaction with the consumer.
This results in smarter devices to enhance user experience and work with growth and
improvement of interpretation of data for business.
The data is analyzed to work up with the business process and get an insight on what
customers actually want.
Along with this, the consumer requirement, buyer cycle, marketing, and advertising cycle, and
innovation and improved invention can work well with the business.
The data can be interpreted, shared, and collected to work with IoT technology to enhance the
productivity and efficiency of the business.
Remote Work
In the healthcare sector, the possibilities with IoT are endless.
The use of IoT-enabled medical devices has already taken the industry by
storm.
Although there are some security risks with these devices, the benefits
outweigh them.
IoT is also a major component behind the rise of telemedicine (or telehealth),
in which medical professionals can stay in contact and monitor long distance
patients.
In addition, hospitals are leveraging this technology to track patients and staff,
and the technology is being used to reduce wait times in the emergency
room.
IoT Use Cases: Restaurants
IoT Applications In Out of all of the industries that are embracing IoT
applications, manufacturing might potentially serve as one of the best
examples.
Manufacturers are currently using IoT to monitor production flow during the
entire process.
With this solution, manufacturers have been able to track all of the events
across a supply chain.
Inventory is being traced down to each individual component, and that data
collected from IoT devices allows manufacturers to gage the quality of each
item.
The technology can also help with aspects such as packaging and improving
worker safety.