According to the evaluated records, more than 75% organizations throughout the world are running on and traversing the application of IoT . In addition, many countries find IoT as a countrywide access point for industrial and economic development, particularly the “Made in China 2025” program of China, the “Industry 4.0” program of Germany, and the “Industrial Internet” program of the United States. To accomplish these IoT initiatives we need sensors and thing to thing connecting networks to enhance the fusion between digital and physical world. Although, technical and business challenges in IoT are profuse, the mixed power of Data collection, Big Data Analytics, and comprehensive decision-making abilities of IoT can ultimately improve the efficiency and outcome of industrial manufacturing and agricultural productions.
According to the reports, by 2025 there will be about 100 billion IoT devices in the world, and for every single hour, 2 million new sensors will be added and deployed in IoT. It is evaluated that by 2025, more than 55 percent of IoT applications will be applied to the business world, such as intelligent manufacturing, intelligent eCommerce, Smart City, smart public service, etc.
New opportunities brought ahead by IoT needs new products and solutions, plus collaborative efforts of the industry. IoT Solution is particularly concentrated on solving the following main issues, to clear the obstructions and advancement of IoT:
Managing and observing interface for connecting things
Presently, sensor access has not been standardized, it results in difficulties in gathering broad data and for monitoring and controlling things in the physical world.
Entering into the digital world
IoT requires versatile and rich access technologies to support different connections that link things into the digital world.
Service management platform
The IoT requires a constant operation and management platform to maintain a large number of connections, manage various sensor devices, and give intelligent operational management.
The IoT-oriented Liteos
An ultra-lightweight operating system to provide management and control on “things”. This IoT oriented operating system can manage and control sensors, and it can be expanded to support versatile connection protocols to satisfy a variety of service requirements. Liteos can be applied in IoT applications, such as real-time monitoring, smart watches, and other wearable devices.
Agile adoptive IoT Gateways
It supports multiple protocols and transmission media for connection and access. We can Install, manage and share IoT apps through the IoT Marketplace. It is beneficial for Automatic discovery, and recommendation. We can discover nearby IoT devices based on popular device protocols and get an automatic recommendation on apps to use. It allows IoT to be applied in various applications that can further impact our daily life and business operations.
IoT is rapidly moving, accelerated by the collaborative industry wide efforts and the breakthroughs on core technologies. It is improving from small-scale trials to large-scale deployments. Although, the success of IoT depends on having an open ecosystem for IoT. It needs an open standard based IoT communication protocols and infrastructures that are compliant with these standards. In addition, it is of critical importance to have the application development platform for developing and deploying interoperable IoT applications. Partnership of industries may accelerate the development of IoT, and will continue advancing on connecting the physical and digital worlds to create new values and business opportunities for their partners and customers.
Currently IoT is applicable to fully wired smart cities, wireless medical monitoring devices, wirelessly communicating objects in smart homes, wearable technologies with clothing, jewelry and accessories, and other areas like environment management systems, infrastructure management systems, energy management systems, and intelligent transportation systems.
In future, IoT will appear with growing market applications like smart homes and wearable tech, and these will continue to drive IoT forward. According to the research, the future of IoT may involve smart wristwatches that lend directions to the nearest fire extinguisher in case of a fire. Pens that will help to recall and store a customer’s hand motions, thus recording what it has written. Implanted organs that can inform hospitals when they begin to fail. Smart homes that learn and adapt to their owner’s requirements by activating or deactivating residential devices based on its predictions of the owner’s behavior. Automated Cars that reduce energy as they sense approaching gas stations and water conservation systems that conserve water automatically on the basis of weather predictions.