Looking forward: IoT
If you read last week’s article, then you’ve got the background for the Internet of Things moving forward. If not, hop on over for a quick look. We discussed the history, some fears, and some hopes. Now, let’s look at what’s actually happening. And, what’s allowing changes to take place.
Businesses
Originally, IoT devices were thought to benefit only big buildings. After all, they had the technology to leverage data, and the funds to pursue the needed tech. Smaller buildings usually don’t. But now, IoT is changing to include profitable opportunities for every size business. Three basic truths of how IoT is shaping up today make this possible.
The first is that IoT is scalable, and growing more secure. One of the biggest consumer concerns is information theft, so providers are working on network-secure platforms.
The second truth is that IoT is adaptable, and great for unifying challenges and solutions. It’s perfect for data aggregation, and communication. It’s the ultimate data-leveraging tool.
Lastly, IoT has benefits outside of energy efficiency. Leveraging energy data is great for lowering operating costs and improving your footprint. But now, you can use IoT to leverage any data you can calculate.
Businesses are taking note of the progress of IoT. And most are jumping on the bandwagon. Why? Because now IoT is driving the future of technology. Everything is becoming smart and connected. As this kind of tech becomes mainstream, costs drop, making it more affordable for more industry players. Most importantly, there’s already proof of ROI.
Government
The U.S. State Department is investing up to $25 million in IoT. Their hope is that the technology will help them to lower maintenance costs and improve their environmental footprint across their portfolio.
The aim? Building smart cities.
During the summer of 2016, 172 government officials were surveyed by CompTIA. Half of these state and federal officials believed that IoT smart cities could provide value. 11% of those officials already had IoT initiatives underway, with 25% having pilot projects in the works.
The concept of smart cities is already becoming a reality. Houston put sensors and smart controls along their water lines so they could identify issues and regulate water flow. New York is using smart meters to make their commercial buildings more efficient. Columbus, Ohio is developing electric, self-driving shuttles. And there are more examples.
IoT is growing, scaling, and connecting globally. The technology is providing profits, and in many cases improving environmental impact. We still haven’t yet reached the perfect IoT state, but that future is quickly approaching.
