Iot or Internet of Things can be described as anything, it could be a heart monitor implanted in a person, it could be an automobile with proximity sensors to alert the driver while parking.
In simple words
“IoT be describe as an object which can be natural or man-made and can be assigned an IP address and also provided with the ability to transfer data over a network.”
The Idea and model of IoT is in practice for years now, but recently with the advancement in the technology there is acceleration in the use of Internet of Things with several devices for collecting, processing and sharing information.
As per a recent research the use of IoT is getting popular in consumer electronics, automobiles and transportation, energy & utilities, industrial and commercial buildings, and many more. Although the concept wasn’t named until 1999, the Internet of Things has been in development for decades.
The first Internet appliance, for example, was a Coke machine at Carnegie Melon University in the early 1980s. The programmers could connect to the machine over the Internet, check the status of the machine and determine whether or not there would be a cold drink awaiting them, should they decide to make the trip down to the machine.
People who are using diverse or interoperable communication protocols realized that in place of diverse and interoperable communications a dynamic heterogeneous/multimodal network can be used in remote and unreachable places such as mines, oil platforms, forests, pipes, etc. Or it can be used in emergency situations like floods, earthquake, etc.
In IoT infrastructure, these “things or objects” will realize and explore each other and learn to take advantage of each other’s data by sharing resources and dramatically enhancing the scope and dependability of the resulting services.
According to Gartner, Inc.
“A technology research and advisory corporation), there will be nearly 26 billion devices on the Internet of Things by 2020.”
ABI Research estimates that more than 30 billion devices will be wirelessly connected to the Internet of Things by 2020. As per a recent survey and study done by Pew Research Internet Project, a large majority of the technology experts and engaged Internet users who responded—83 percent—agreed with the notion that the Internet/Cloud of Things, embedded and wearable computing (and the corresponding dynamic systems) will have widespread and beneficial effects by 2025. It is, as such clear that the IoT will consist of a very large number of devices being connected to the Internet. In an active move to accommodate new and emerging technological innovation,
UK Government, in their 2015 budget, allocated £40,000,000 towards research into the Internet of Things. The British Chancellor of the Exchequer George Osborne, posited that the Internet of Things is the next stage of the information revolution and referenced the inter-connectivity of everything from urban transport to medical devices to household appliances.