The Internet of Things (IoT) is a nascent technology that promises to revolutionize how people and systems interact in daily life. Based on established technologies, IoT is a means of inter-networking of physical devices, vehicles, buildings, and other objects embedded with software, sensors, actuators, and network connectivity. Although there is initial adoption in niche markets such as fitness bracelets, broad sectors of our economy can benefit from IoT solutions. Factors that affect adoption include security risks, implementation costs, possible cost savings, and privacy concerns. The sectors and application areas that can benefit from IoT in the near term will likely enable significant costs savings or address homeland security. This presentation will examine these factors and suggest five specific application areas that could benefit from adopting IoT in the near term.
- Predictive Maintenance – monitor the performance of mechanical devices, generate alerts, and predict failures
- Asset Tracking – monitor the location, change routing, change assignment, predict arrival
- Patient Monitoring – monitor biometric data, adjust care, generate alerts, predict interventions
- Connected Vehicles & Self—driving Cars – monitor traffic, change routing, control vehicle
- Homeland Security – monitor arrivals & departures,