What exactly is the Internet of Things or better known as IoT? What are its benefits and drawbacks to humans in this day and age?
The elements included in the Internet of Things are actually anything and everything under the sun that you can connect to the internet. The concept sounds simple, what it does to an average human’s daily activities is actually very complex.
The everyday objects that connect with devices and those that adds to what comprises the database are part of the IoT environment. In this case, the IoT becomes V.2., wherein the data are created and supported by things that surround it.
Kevin Ashton coined the term Internet of Things, who is an expert in digital innovation. He defines the IoT as:
““If we had computers that knew everything there was to know about things—using data they gathered without any help from us—we would be able to track and count everything, and greatly reduce waste, loss and cost. We would know when things needed replacing, repairing or recalling, and whether they were fresh or past their best.”
The Growth of the Internet of Things
The beginning of the IoT was not that good. As a matter of fact, it was predicted to have low patronage in the future. However, it proved otherwise because now, the Internet of Things has become bigger than expected.
A new forecast has been released that the IoT will continue to grow after 2017 and beyond. As a matter of fact, there are already devices that cater to the Internet of Things and the thirsty consumers are still looking forward for more thirst-quenching technologies, software, devices, and wearables that they can use in the future to make their lives more convenient day-by-day.
An evidence that consumers continue to patronize IoT is the increase in demand of Smart homes, which peaked in 2016. Echos, a known smart home technology from Amazon, was sold by the thousands last year. A Smart Home Technology Survey shows that over 70% of those who purchased Smart home technologies such as Echos are likely to purchase again the near future.
Over 78 million wearables were sold in 2015 and the sales are expected to skyrocket to more than 400 million in the next three years.
The Smart home technologies and wearables are just among the many innovations of IoT. The main benefit of these is that they make the lives of urban people more convenient. But its main drawback is that it is probably making them lazier and lazier.