Internet of Things (IoT) is the network of devices that connect to the internet and enable communication between the connected devices. IoT Devices mostly simplify human life, they are there to ease out or support better living. Let's dive further to understand what and how IoT devices work and perform.
IoT devices include a system of systems which has the following:
- Physical devices, i.e. the hardware
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The medium which connects them like networking channels
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IoT Application Development Framework which includes-
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The software solutions that enable the operations
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Data Analytics and Data Collection.
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A user-friendly interface that can be accessed on the web/ mobile.
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- Choosing the perfect device: New devices are being introduced in the market almost every day and it is essential to choose an IoT device that incorporates a higher capacity of data processing and storage. The device should not only have effective power management but high functionality and enhanced connectivity in varied environmental conditions. Lastly, the device should have integrated sensors data collection and data analytics in real-time.
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Choosing the perfect networking channel: The selected device supports many options as a communication medium eg. Bluetooth, LAN, cellular, WAN, and Wi-Fi.
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Choosing the perfect IoT Development Framework: IoT Application Development is aided by the development software solution or platform which is called the Framework. Most Cloud Platforms provide ready templates with in-built modules and hardware mechanisms that can integrate and translate data in less time. However, if you plan to develop a customized IoT Application for your business, you will require a customized platform.
Important things to be considered while choosing an IoT App Development platform provider:
- The licensing cost of the software including hidden costs.
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Platforms that include the hardware cost with the application.
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Platforms that can provide better device management and reliable network management module.
IoT App Development has witnessed an upward trend with more IoT devices (8.4 billion) on earth than human beings. What's more, Gartner predicts that this number will skyrocket to 20.4 billion by 2020. https://www.gartner.com/en/newsroom/press-releases/2017-02-07-gartner-says-8-billion-connected-things-will-be-in-use-in-2017-up-31-percent-from-2016
Meanwhile, management consulting firm Bain & Company predicts that the global IoT markets will more than double in just 4 years. The market reached $235 billion in 2017 and is expected to reach $520 billion in 2021. https://www.bain.com/about/media-center/press-releases/2018/bain-predicts-the-iot-market-will-more-than-double-by-2021/
"Internet of Things is transforming the everyday physical objects that surround us into an ecosystem of information that will enrich our lives. From refrigerators to parking spaces to houses, the Internet of Things is bringing more and more things into the digital fold every day, which will likely make the Internet of Things a multi-trillion dollar industry in the near future." - PricewaterhouseCoopers report https://www.pwc.com/us/en/increasing-it-effectiveness/assets/future-of-the-internet-of-things.pdf
Our expert team at STAQwise can become your partner of choice for your venture into the field of IoT by realizing any concept or idea that you may have. Email us with your IoT App requirements at info@staqwise.com and get started today.