The World of IoT
Internet of Things (IoT) is at the top of the hype cycle today with every industry vertical weighing and leveraging IoT for increasing efficiency, productivity and exploring new business models moving from capex to opex and increasing revenue. The concept of IoT is not new. It has existed in a limited extent for at least a couple of decades in the industrial and utilities sector. So what is all the hype about? The biggest change has been that all the technology components of IoT like sensors, edge node, wireless connectivity, gateway, cloud infrastructure, analytics etc. have matured significantly, they have come down atleast an order of magnitude in cost, development tools and off-the-shelf modules and opensource technology make it fairly easy and financially feasible to provide a fully integrated sensor to the cloud solution today. Significant challenges remain on security, optimization, standardization, connectivity and actual deployment where our efforts are being focused on.
