What is the Internet of Things?
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The Internet of Things (IoT) is characterized by the integration of sensors, connectivity, and people/processes to enhance decision-making through smart applications. By 2020, an estimated 50 billion devices will be connected, generating significant growth in various sectors like home automation, transportation, health, and infrastructure. The value of the IoT market is projected to reach $19 trillion by 2020.
What is the Internet of Things?
- 1. What exactly is the Internet of Things?
- 2. The Internet of Things is a combination of: Sensors People and Processes Connectivity IoT
- 3. Sensors Digital Nervous System Location Data using GPS Eyes and Ears = Cameras & Microphones Digital Sensory Organs Everything from Pressure to Temp Changes
- 4. Connectivity Sensors are digitized and placed into networks.
- 5. T H E N E T W O R K E D I M P U T S A R E T H E N C O M B I N E D I N T O B I - D I R E C T I O N A L S Y S T E M S T H A T I N T E G R A T E P E O P L E A N D P R O C E S S E S F O R B E T T E R D E C I S I O N M A K I N G . PEOPLE AND PROCESSES
- 6. THE INTERACTIONS BETWEEN SENSORS, CONNECTIVITY, AND PEOPLE & PROCESSES CREATE NEW SMART APPLICATIONS AND SERVICES
- 7. Diverse Applications Home = Consumer Transport = Mobility Health = Body Building = Infrastructure Cities = Industry
- 8. Diverse Services Home = Smart Thermostat Transport = Smart Cars Health = Activity Trackers Building = Smart Outlets Cities = Parking Sensors
- 9. THINGS GET INTERESTING WHEN SMART DEVICES COMBINE WITH SMART SERVICES TO CREATE COMPOUND APPLICATIONS
- 10. 16 billion connected devices throughout 2014 IOT MARKET 1 2 3 4 16B Devices 49B 75% 20% 20% more than in 2013 Of the growth between today and 2020 will come from non-hub devices. 2020 is forecasted to have almost 50 billion devices connected to the Internet of things. Connected Devices 2013 Growth 2020
- 11. $19 Trillion An Estimated Value of By 2020