While industry-specific products will make the early running, by 2020 Gartner predicts that cross-industry devices will reach 4.4 billion units, while vertical-specific devices will amount to 3.2 billion units.
"With the introduction of comprehensive, real-time data collection and analysis, production systems can become dramatically more responsive," say consultants McKinsey.Įnterprise use of the IoT can be divided into two segments: industry-specific offerings like sensors in a generating plant or real-time location devices for healthcare and IoT devices that can be used in all industries, like smart air conditioning or security systems. This ebook, based on the latest ZDNet / TechRepublic special feature, examines how 5G connectivity will underpin the next generation of IoT devices. Special report: 5G: What it means for IoT (free PDF)
However, it was Internet of Things and IoT that stuck. Early suggestions for internet-connected devices included 'blogjects' (objects that blog and record data about themselves to the internet), ubiquitous computing (or 'ubicomp'), invisible computing, and pervasive computing. The IoT was initially most interesting to business and manufacturing, where its application is sometimes known as machine-to-machine (M2M), but the emphasis is now on filling our homes and offices with smart devices, transforming it into something that's relevant to almost everyone. But since then, the cost of adding sensors and an internet connection to objects has continued to fall, and experts predict that this basic functionality could one day cost as little as 10 cents, making it possible to connect nearly everything to the internet. "The IoT integrates the interconnectedness of human culture - our 'things' - with the interconnectedness of our digital information system - 'the internet.' That's the IoT," Ashton told ZDNet.Īdding RFID tags to expensive pieces of equipment to help track their location was one of the first IoT applications.
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