How would Smart IoT shape our lives in the future?

The concept of ‘connectivity’ is going beyond laptops and smartphones as we see it moving towards smart cities, smart homes, smart retail, smart farming, connected cars, connected wearable devices and connected healthcare. In short a connected life. The Internet of Things is a popular terminology these days, but unlike many technological fads which have come and gone in the last years, the Internet of Things proves to be an important trend which is having long lasting effects on the society. The term “Internet of Things” itself is used to mean a variety of ideas. The IoT cloud platform is primarily designed to store and process IoT data and forms the core of all IoT devices and IoT solution. The platform is built in a way that it enables taking in a huge amount of data generated by sensors, websites, applications and initiate actions for real-time responses and analytics.

For example, Smart Refrigerators can automatically order the run out items, similarly when you use Smart Locks, you do not need to have multiple keys for them, and you can unlock them by using smart phones.  The platform can provide businesses with an extensive and integrated perspective of customers, without needing much technical know-how of a data analyst. The platform can intake lot of events each day and users can define rules that state events to act on and what actions to take. The demand for cloud enabled IoT services and solutions is rapidly increasing. A report by Zinnov Zones says India has about 43 per cent or $1.5 billion of the global $3.5 billion IoT market. Experts predicts that Indian IoT market will grow from $1.5 billion today to more than $9 billion by 2020 with over 2.7 billion connected devices and growing. Another Gartner report predicts, by ‘2020 the number of connected devices across all technologies will reach to about 20.6 billion’.

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