The Internet of Things (IoT) is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.

Terms and Basic Definitions

Below, we’ve provided a glossary defining the Internet of Things:

• Internet of things. The internet of things is theinternetworking of physical devices, vehicles buildings, and other items embedded with electronics, software, sensors, actuators, network and connectivity that enable these objects to collect and exchange data
• Internet of Things device: Any stand-alone internet-connected device that can be monitored, controlled from a remote location.
• Internet of Things ecosystem: This is a complex market, with multiple layers and hundreds of players, including device vendors, communications service providers, IoT platform players, software vendors, and IT services providers.
• Entity: Includes businesses, governments, and consumers.
• Physical layer: This is one of the hardware that makes an IoT device, including sensors and networking gear.
• Network layer: this layer is responsible for transmitting the data collected by the physical layer to different devices.
• Application layer:This layer includes the protocols and interfaces that devices used to identify and communicate with each other.
• Remotes: This enables entities that utilize IoT devicesto connect with and control them using a dashboard, such as a mobile application. They include smartphones, tablets, PCs, smartwatches, connected TVs, and non-traditional remotes.
• Dashboard: Displays information about the IoT ecosystem to users and enables them to control their IoT ecosystem. It is generally housed on a remote.
• Analytics: Software systems that analyse the data generated by IoT devices. The analysis can be used for a variety of scenarios, such as predictive maintenance.
• Data storage:Where data from IoT devices is stored.
• Networks:The internet communication layer that enables the entity to communicate with their device, and sometimes enables devices to communicate with each other.

IoT Predictions, Trends, and Market

The Internet of Things (IoT) ecosystem is a complex market, with multiple layers and hundreds of players, including device vendors, communications service providers, IoT platform players, software vendors, and IT services providers. The IoT is also witnessing the collision of Operations Technology and Information Technology groups within enterprises. The Internet of Things Ecosystem and Trends service analyses the growth of this market from the autonomously connected endpoints, and its spend potential, as well as assessing the devices, platforms, applications and services that will enable a world of connected things

IoT Industries

There are several environments within the groups of consumers, governments, and ecosystems will benefit from the IOT. These include:

Manufacturing, Transportation, Defence, Agriculture

IOT Companies

There are literally hundreds of companies linked to the Internet of Things, and the list should only expand in the coming years. Here are some of the major players that have stood out in the IoT to this point just like amazon, Cisco …

IoT Platforms

One IoT device connects to another to transmit information using Internet transfer protocol.it serves as the bridge between the devices sensors and the data networks.

The following are some of the top IoT platforms on the market today:

• Amazon Web Services
• Microsoft Azure
• ThingWorx IoT Platform
• IBM’s Watson
• Cisco IoT Cloud Connect
• Salesforce IoT Cloud
• Oracle Integrated Cloud

IoT Security & Privacy

Internet of Things privacy is the special considerations required to protect the information of individuals from exposure in the IOT environment, in which almost any physical or logical entity or object can be given a uniqueness and the ability to communicate autonomously over the Internet or similar network.

In the IoT environment transmit data autonomously, they also work in conjunction with other endpoints and communicate with them. Interoperability of things is essential to the IoT functioning so that, for example, networked elements of a home work together smoothly.

Things to Learn

The future of the Internet of Things, includes the following big picture insights:

• In future IOT devices connected to internet will triple by 2020. IoT devices will account for 24 billion, while traditional computing devices like smartphones, tablets, smartwatches, will comprise 10 billion
• In the Next five years $6trillion of amount will be spent for IOT devices
• Governments will be the second-largest adopters, while consumers will be the group least transformed by the IoT.
• The complex infrastructure of the Internet of Things distilled into a single ecosystem
• The important role analytics systems, including edge analytics, cloud analytics, will play in making the most of IoT investments
• The sizable security challenges presented by the IoT and how they can be overcome.