Nikolai Tesla predicted in 1926 that wireless technology would allow the entire earth to function like a brain through connected devices. This vision has come true with the rise of devices that constantly emit data. The Internet of Things (IOT) connects billions of devices each generating vast amounts of machine data that exceeds human-generated data by 1000x. By 2020 there will be 30 billion connected devices creating over 50 trillion gigabytes of data annually. IOT has the potential to transform every industry by unlocking new opportunities in healthcare, lifestyle, work, energy, entertainment and more through real-time data analytics.
2. Nikolai Tesla predicted in 1926 that, 'When wireless is perfectly applied the
whole earth will be converted into a huge brain, which in fact it is, all things
being particles of a real and rhythmic whole...and the instruments through
which we shall be able to do this will be amazingly simple compared with our
present telephone. A man will be able to carry one in his vest pocket'
It has come true almost half a century later. After that though, the advent of
connected devices has exponentially increased, these devices emit data
every microsecond. It has given rise to the IOT phenomenon. But why is IOT
so important?
5 Reasons why IOT Rocks
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3. Most of the Big data
analytics right now is
performed on human
generated data, and it has
resulted in unparalled
ROIs, but what yet to be
explored is the potential
in machine data. The
amount of data created by
machines is so huge and
continuous, that human
generated data pales in
comparison
1000X
That is the
amount of data
created by
machines
compared to
humans.
5 Reasons why IOT Rocks
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4. 30 billion
Thats the
number of
connected
device by 2020
The number of
connected devices
is increasing by the
second. An average
American
household has 6
devices connected
to the internet.
Stored in these
devices is the
capability to
predict events way
before they
happen.
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5. These devices
will start
creating so
much data that
current
databases will
find it hard to
fathom, let alone
digest. New
pathways have
to be discovered,
new methods to
be invented.
That's going to
be an amazing
challenge to
crack.
50
Trillion
Thats the GB
of Data that
these
devices will
create
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6. In every sphere, IOT can unlock opportunities like never
before. It will encompass every phase of our life, right
from our birth to death, and probably after. Healthcare,
Lifestyle, Work, Energy, Entertainment, you name it,
and IOT touches it.
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7. This is exactly why
now is the right time
to get on the IOT
bandwagon. At Flutura,
we have started taking
strides towards each
of these and more
spheres concentrating
on hardcore
engineering areas like
Utilities, Oil and Gas,
Manufacturing etc to
bring down their
revenue leakages and
improve operational
efficiencies.
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