With the faster maturity and stability of scores of connectivity and integration technologies, the mesmerizing IoT era has started to unfold and supply its unique contributions for society as a whole. Without an ounce of doubt, the IoT paradigm will bring forth a variety of innovations, disruptions, and transformations for all kinds of business enterprises and organizations. If leveraged appropriately and aggressively, every business vertical is bound to enjoy the distinct benefits of the flourishing IoT model for a long time. Not only businesses, but also every individual, institution, and innovator will benefit immensely from the growing IoT power. The short-term and long-term implications of the IoT domain are undoubtedly tremendous and trend setting as per the reports of worldwide market research and analyst groups. The IT discipline, which is being widely recognized as the greatest business enabler, is receiving a massive boost with the arrival and articulation of the IoT concept. The IoT idea is permeating quickly and becoming pervasive and persuasive too.
With the continued spread and adoption of the IoT paradigm, the business and IT worlds are going to be bombarded with a number of premium IoT applications and services. The various industry domains, including manufacturing, retail, energy, healthcare, smart cities, government, defense, utility, and logistics, are meticulously exploring, and experimenting with, various IoT technologies and tools in order to get ahead of their competitors. A dazzling array of pioneering IoT use cases are being illustrated by the various industry segments in order to be correct and relevant to their loyal consumers.
The first and foremost implication of the IoT concept is the grandiose and voluminous realization of digitized entities and elements (alternatively touted as smart objects). With the systematic leveraging of edge technologies, all kinds of everyday things are being transitioned to be self-, surrounding-, and situation-aware. The second noteworthy output arising from the advancements in the IoT space is the faster proliferation of connected devices. All kinds of embedded systems are being networked and made to join in the mainstream computing. The third and final result is the growing array of device services, which are typically microservices. With the speedier adoption of the microservices architecture (MSA), we will be bombarded with a large number of microservices to produce next-generation enterprise, cloud, web, and mobile applications. It's anticipated that by the year 2020, we will have the following:
- Millions of microservices
- Billions of connected devices
- Trillions of digitized entities
We have massive cloud centers for large-scale data storage and processing. We have both shared and dedicated network infrastructures in order to quickly carry data to faraway cloud environments. There are persistent and transient storage options. The costs of cloud storage capacities are coming down steadily. The faster proliferation of cloud centers across the world takes away the worry of setting up and sustaining massive IT infrastructures locally. There are insightful and integrated big, fast, streaming and IoT data analytics platforms. There are many enabling frameworks, automated tools, and powerful engines that are emerging and evolving to accelerate the process of transitioning data to information to knowledge, and then to wisdom. Thus, the emergence and convergence of several proven and potential technologies and tools simplifies and speeds up data analytics and mining for the purpose of extracting actionable insights. In short, the communication and collaboration of IoT devices results in a huge amount of poly-structured data, which has to be consciously captured, cleansed, and crunched in order to unearth hidden patterns, useful associations, bigger possibilities, newer opportunities, avoidable risks, and real-world intelligence. The knowledge discovered gets disseminated to the correct systems, devices, applications, data sources, and storages in order to empower them to determine their next course of action.