Continuing innovations, connecting devices, machines. Connected people, cars, homes, transport – everything surrounding us is an open system, where you can just plug yourself in anytime you want.
All parking lots have cameras which watch for empty spaces and feed the data to mobile application. This is saving everyone half an hour every day. Pollution has also declined by 30%. Waste management companies only come when the bins are full, as they get real time information.
“Digitalization is global, it neglects borders. It generates opportunities, but it can also create some risks. Even though CISCO has 50bn in cash they might disappear from the market completely in just 5 years if they don’t make the right decisions and restructure. Innovation has to be driven everywhere, not just in the Silicon Valley, said Bernd Heinrichs, Managing Director IoT EMEAR Cisco in his speech at CEE Digital Summit by Webit”.
But first what is the Internet of Things and what is so important about it? The Internet of Things is a system, where everything is connected and everything is constantly feeding data to the cloud – starting from your smartphone and going everywhere else, like toys, microwaves, cars etc. The things themselves are not important, the data they produce is. And with that comes the question that we still haven’t answer – who owns the data? Is it the owner of the machine, is it the manufacturer, or the retailer? We have to make sure that the data doesn’t get in the wrong hands, that it is handled properly and is well secured. With the size of the network constantly growing, security will become a bigger and bigger issue. We currently have around 15bn connected things and this is just 1% of all the things we can connect.
When talking about the Internet of Things we certainly can’t have a full discussion without mentioning some of the biggest problems we are facing. Challenges like limited bandwidth, latency and network unreliability have to be solved efficiently before we can move on to implementing the Internet of Things everywhere, in every industry.