Internet of Things (IoT) - Opportunities and Challenges

The Internet of Things (IoT) is the ecosystem of devices that are connected to one other. They are connected not physically, but via the Net, and hence the name. What does this connection between devices mean? That is, what is the benefit of having devices connected to each other? 

For one, they interact with one another and share data between themselves through sensors, which makes it possible for these devices to carry out many of the functions on their own, something humans had to do earlier. A fan or an air conditioner that switches off by itself when there are no occupants in the room in which they are fixed, or electric geysers that switch off by themselves when the set temperature has been reached are examples of IoT.

The examples given here may be quite traditional, but where IoT makes a difference from the existing models is that they can generate a hell of a lot of data, which helps to bring down wasteful resources. When IoT-connected devices tell us, what is wrong with their functioning, or when they need to be serviced, or can record data of user history, it means a lot to the user and to the world at large, because IoT makes devices more intelligent and interactive. It helps to distribute resources more prudently. 

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