IoT Training in Marathahalli

Top Reasons To Consider IoT

The industry will look completely different than it does today

1. New hybrid business models

• In the Internet of Things, there are various digital business model patterns which necessarily intermingle with the non-digital business model patterns to create a new hybrid business model.
• This hybrid business model contains various value‐creation layers which involve in the application of an abstract Internet of Things.
• These value‐creation layers form the outcome of analysis of a number of applications which are classified under the Internet of Things in theory as well as in practice.

2. Smart cities

• A smart city is one whose intelligence can be inherited to deal with its resources as well as environment.
• It uses “Information and Communication technologies”, especially the “Internet of things (IoT)” efficiently.
• Internet of Things takes in the required intelligence and converts into building basic blocks of the city, making the city smart.
• Thus, these cities can be said to be an integration of physical as well as non-physical infrastructures, which is going to be the successful combination.

3. Security against Cyber attacks

• Security of the software security is a mounting concern that clouds the future of IoT. With the help of IoT, the companies not only would be able to update their systems and servers, but also would be able to connect everything with a single network.
• Be it any home device or a security camera. There are security patches which need to be updated regularly.

4. Blockchain-based IoT adoptions

• Blockchain-based IoT solutions help in simplifying the business processes, enhancing customer experience and at the same time achieving cost efficiency.
• It is also being said that IoT and Blockchain are interdependent and correlated.

5. Roll out voice-based services to consumers

• It has always been thought that IoT is all about data but, recently, IoT has given a great number of opportunities for integrating voice with various IoT apps.
• Voice provides great user experience because it is flexible as well as less expensive as compared to other interaction methods.

Challenges to deal

1. Stability

• For all of the promise of the IoT, big questions loom when it comes to actually making any money or achieving real benefits.
• At present, a small number enterprises have deployed the technology.
• While understanding the benefits of things like predictive maintenance is simple to comprehend, engineering a way to accomplish that objective is not.
• That’s because an IoT system often is comprised of a plethora of tools, spanning security, a database management system, middleware, APIs, analytics, visualization tools, and so forth.

2. Privacy

• Data privacy remains a potential concern for the IoT. And because IoT devices can potentially harvest enormous amounts of data, security breaches can be especially dangerous.
• More data privacy legislation could be coming as nations across the globe create new laws to keep up with connected technologies at large.

3. Standards

• The current state of interoperability standards is clearly a problem.
• And while part of the problem is that there are no universally agreed-upon standards, another hurdle is that there are so many IoT standards being developed that it will be difficult for a single standard to gain widespread acceptance. Examples of IoT-relevant standards include the Linux-backed AllJoyn, Intel’s Open Interconnect Consortium, IEEE P2413, and the ITU-T SG20 standard for smart cities.
• The evolution of the Internet of Things (IoT) has presented many opportunities which can help in building innovative, as well as useful apps. These apps can help in making the lives of people easier. The IoT development is achieving heights, but due to its high cost, it can be difficult for all the organizations to use IoT with the fragile devices.