The internet of things (or as it’s also known, IoT) is essentially a system of machines or objects outfitted with data-collecting technologies so that those objects can communicate with one another. The machine-to-machine (M2M) data that is generated has a wide range of uses but is commonly seen as a way to determine the health and status of things -- inanimate or living.
The reality is that the IoT allows for virtually endless opportunities and connections to take place, many of which we can't even think of or fully understand the impact of today. It's not hard to see how and why the IoT is such a hot topic today; it certainly opens the door to a lot of opportunities but also to many challenges.
Manufacturers are adding sensors to the components of their products so that they can transmit back data about how they are performing. This can help companies spot when a component is likely to fail and to swap it out before it causes damage. Companies can also use the data generated by these sensors to make their systems and their supply chains more efficient, because they will have much more accurate data about what's really going on.
The IoT promises to make our environment -- our homes and offices and vehicles -- smarter, more measurable Home security systems make it easier to monitor what's going on inside and outside, or to see and talk to visitors. Meanwhile, smart thermostats can help us heat our homes before we arrive back, and smart lightbulbs can make it look like we're home even when we're out.
Security is a big issue that is oftentimes brought up. With billions of devices being connected together, what can people do to make sure that their information stays secure? Will someone be able to hack into one of these and thereby get access to your entire network? The IoT also opens up companies all over the world to more security threats. Then we have the issue of privacy and data sharing. This is a hot-button topic even today, so one can only imagine how the conversation and concerns will escalate when we are talking about many billions of devices being connected.
The IoT generates vast amounts of data: from sensors attached to machine parts or environment sensors. That means the IoT is a significant driver of big data projects because it allows companies to create vast data sets and analyse them. Giving a manufacturer vast amounts of data about how its components behave in real-world situations can help them to make improvements much more rapidly, while data culled from sensors around a city could help planners make traffic flow more efficiently.
Skyla is here to help industrial companies unlock a new level of asset performance through real-time data and analytics. While monitoring the health of their system in real time and turn their data into predictive analytics to improve efficiency and reduce cost.
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