Don't Sit On Your Ideas…

Building Web or Mobile Apps?

Hire Vetted On Demand Web and Mobile Development Teams On The VenturePact Marketplace.

Post Your First Project Today!

Get Personalized Updates

How is IoT Paving The Way for the Future

Randy RayessRandy Rayess

As the tech world is moving towards the cloud, it’s hard to imagine it functioning without IoT. And as we indulge ourselves in our devices and pour large amounts of data in this enormous mesh called IoT, it has swelled up to gigantic proportions. Such a huge system demands an extensive amount of technology and skills in order to sustain itself. But do we have the what it takes to monitor, maintain and secure IoT? According to Nick Jones, VP Distinguished Analyst at Gartner, “A recurring theme in the IoT space is the immaturity of technologies and services and of the vendors providing them. Architecting for this immaturity and managing the risk it creates will be a key challenge for organizations exploiting the IoT. In many technology areas, lack of skills will also pose significant challenges.”

It is estimated that by 2020, there will be tens of billions of data-spouting devices connected to the Internet. So the technical obstacles are bound to grow and we would require efficient technology and services to keep it in check. As we are moving towards more connectivity for all our devices for syncing and management, IoT is getting ladled up with data from all over the globe and from all walks of life.

The term “Internet of Things” was originally coined by Kevin Ashton in 1999 in the context of supply chain management. Although, as the technology progresses the definition of “Things” has expanded to a network of interconnected objects that not only harvests information from the environment (sensing) and interacts with the physical world (actuation/command/control), but also uses existing Internet standards to provide services for information transfer, analytics, applications, and communications. Its goal being to make a computer sense information without the aid of human intervention.

The seamless transfer of information, it’s availability, seemingly limitless capacity and it’s usability for both individuals and companies have unfolded a large market of possibilities for the IoT:

With devices serving various purposes and different people that use them, IoT is bound to be a giant mesh of things both in its proportion and data. The concept of IoT and its implementation has still a long way to go and many obstacles to conquer such as storage and security. But one thing’s for sure – it will revolutionize the world as we see it today and reinvent several things in its wake. Even with all these predictions about its usage, we have but seen the tip of the iceberg that is IoT. And with such a promising field, we can only begin to imagine the innovations, inventions and applications that would bring upon its era.

CoFounder at VenturePact Passionate about software, marketplace startups & remote work. Previously at SilverLake Partners, Ampush and Wharton.