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Lecture #2 - The Internet of All Things

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Exploration of the 4th Industrial Revolution technologies, starting with Internet of Things (IoT). Overview of IoT What IoT is, its important features, the problem(s) it solves, and how it works. Potential business applications for the IoT Risks, challenges, and potential unintended consequen...

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  • December 31, 2024
  • December 31, 2024
  • 8
  • 2024/2025
  • Class notes
  • Neil j. pollard
  • Lecture #2 - the internet of all things
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Internet of things

● The technology is very simple
● It is the power of the data that make IoT so powerful
● All of these devices create and share data
● There are both business and consumer opportunities



Number of Internet of Things (IoT) connected devices worldwide from
2019 to 2021, with forecasts from 2022 to 2030 (in billions)

,How much is spent in IoT each year?




IoT Global Spending by Category

,IoT Device #1




Internet of Things (IoT)

A network of Internet connected objects that collect, process, and exchange data
without human intervention.



IoT devices are nonstandard computing hardware

IoT extends internet connectivity beyond typical computing devices – such as desktops,
laptops, smartphones and tablets



Sensors

, Factors that made IoT possible?

● Cheaper Storage
● Cheaper Processors
● Faster connectivity
● Cloud services



IoT: 4 lLayers

(1)


(2)

(3)


(4)


Edge computing shorten distance between 1 and 3,4



How Do You Interact with IoT?

Data = Decisions

● Is my energy consumption optimized?
● Do my crops need water?
● Is my heart rate normal?
● Where are the bottlenecks in the supply chain?
● Is our manufacturing optimized?
● Is there a potential for the machine to break down?



IoT Business

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