The Future Of IoT

The "Internet of Things" (IoT) refers to the practice of connecting real-world devices to the internet in order to gather information about such objects. Many folks have the misconception that it started happening all of a sudden. Over the course of many years, a number of companies have been focusing their efforts on enhancing it in some way.

The Internet of Things value chain is composed of several components, including devices, gateways, network servers, application servers, and networks. There are public, private, and even satellite network options available. Additionally, there is the option of joining a community network or a hybrid network, both of which enable you to transfer your devices freely between networks without losing their tracking capabilities.

Over the course of the last twenty years, there has been unwavering progress. On the market, you can now find silicon chips with integrated LoRa that also include a strong central processing unit and a LoRa front-end. These chips may also be purchased. Connectivity is essential for the cloud and all of its associated ecosystems.

In this episode of “The Future Of” Jeff is joined by Donna Moore, CEO and Chairwoman of LoRa Alliance, Reg Orton Product Development Lead at Fresh Consulting and Rob Tiffany Chief Vision Officer CVO Sustainable Logix.

They cover:

[ 00:06:00 ] To enable an economy to grow, you need two things:

"power and connectivity." These, in turn, would allow industries to increase and improve Gross domestic product GDP

[ 00:07:00 ] "Internet of Things IoT is connecting things to the internet to provide data." Many people think it just happened overnight, but it didn't. It's been evolving for years, and many companies have been working on developing their devices

[ 00:07:31 ] "To put out IoT, it takes a village." The value chain of IoT consists of; devices, gateways to take the data from the devices, network servers, applications servers, and networks. There are all types of networks, public, private, and satellite. Also, there are now community and hybrid networks, where you can roam devices for tracking between networks

[ 00:10:00 ] The timeline over the last 20 years has been that of progress. You can now buy Silicon chips off the shelf with embedded LoRa, packed with a high-power processor, plus a LoRa front-end. In addition, a connection to the cloud and all the ecosystems around it

[ 00:11:33 ] The concept of "digital twins" is digitally modeling a physical asset, entity, or process. This entails creating a digital representation of it. It's a great way to understand and apply analytics to things that are in the real world

[ 00:13:18 ] As 5G rolls out, new technologies are springing up that allow lower cost, lower power, and many more devices that can work across spectrums and standards previously stuck in the LTE realm

[ 00:16:09 ] One of the most exciting things about IoT is "the adoption or the creation of new business models that never existed before"

[ 00:22:31 ] "As AI and process automation continue, and digital twins become more mainstream, we will see hyper-performance and profits for businesses because that data just keeps getting smarter"

[ 00:22:51 ] If things go well, we won't be seeing IoT anymore in the next ten to twenty years. It'll disappear into the background and fade into the "fabric of things"

[ 00:25:40 ] Using artificial intelligence, vast volumes of disparate data can be transformed into something helpful, such as increasing public safety, traffic patterns and efficiency, and utility systems

[ 00:29:30 ] One of the biggest challenges faced by IoT today is its complexity. Security is yet another challenge, as IoT inadvertently created the largest attack surface in the history of computing

[ 00:34:38 ] In healthcare, IoT has improved the ability to carry out ambient measurements of devices, for example, by installing air quality sensors in cities to monitor pollution levels. Also, you can track people's footprints and, using artificial intelligence and machine learning, predict where healthcare needs more intervention

Full transcript: https://www.freshconsulting.com/insights/podcasts/the-future-of-iot/

Subscribe here:

And connect with Donna Moore and Reg Orton here:

Donna:

LinkedIn: http://linkedin.com/in/donnamoore4
Website: https://lora-alliance.org

Reg:

LinkedIn: https://www.linkedin.com/in/regorton/
Website: https://www.freshconsulting.com

Rob:

LinkedIn: https://www.linkedin.com/in/robtiffany/
Website: https://sustainablelogix.com

About the Show

“The Future Of” is a podcast by Fresh Consulting & hosted by Jeff Dance, where we discuss and learn about the future of different industries, markets, and technology verticals. Together we’ll chat with leaders and experts in the field and discuss how we can shape the future human experience.