IoT-internet of things

The Future of IoT

Kevin Ashton, co-founder of the Auto-ID Center at MIT, first mentioned the internet of things in a presentation he made to Procter & Gamble (P&G) in 1999.The Internet of things (IoT) is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect, collect and exchange data.The term “Internet of things” was likely coined by Kevin Ashton of Procter & Gamble, later MIT’s Auto-ID Center, in 1999, though he prefers the phrase “Internet for things”. At that point, he viewed Radio-frequency identification (RFID) as essential to the Internet of things, which would allow computers to manage all individual things.

Important of IOT

IoT platforms can help organizations reduce cost through improved process efficiency, asset utilization and productivity.

IoT adoption barriers.

Privacy and security concerns.

Additionally, connected devices often ask users to input their personal information, including names, ages, addresses, phone numbers and even social media accounts — information that’s invaluable to hackers.

Business planning and models.

Machine Decision