Internet of Things

(redirected from IOT)
Also found in: Financial, Acronyms, Wikipedia.

Internet of Things

Connecting the physical world to a computer or mobile device via the Internet. Internet of Things (IoT) devices include home appliances, door locks, doorbells, thermostats, lighting, security cameras, heating and air conditioning. It has been estimated that by 2020 there will be more than 50 Internet-connected objects in the average household and more than 30 billion devices communicating worldwide.

Industrial Internet of Things (IIoT)
The Industrial IoT refers to networking the sensors and fabrication machinery to the cloud in a manufacturing environment. A major benefit to employing Industrial IoT is preventive maintenance. However, numerous industrial sensors use RS232/485, modems and other proprietary wiring mechanisms rather than Ethernet, as well as non-IP addressing schemes, making conversion a major issue in many companies. See IoBT, RS-232 and RS-485.

A Unique ID Is Required
In order to avoid conflict as more and more things become Internet enabled, items need to have their own unique identification. GS1 EPCglobal manages the commercial side, while Auto-ID Labs is a group of seven research institutions that does the R&D. Auto-ID Labs is the successor to Auto-ID Center, which developed the Electronic Product Code (EPC) for RFID tags. See RFID, EPC, Internet of Thieves, Internet of Everything, LPWA, IoT gateway, IoT hub, IPv6, M2M and LTE for iOT.

Just the Beginning
Increasingly, household appliances, such as this Miele washing machine, are Wi-Fi enabled. If a part starts to fail, the machine contacts the dealer and the user.
References in periodicals archive ?
Wen's IOT vision and instructions have spawned a slew of developments: Since early this year, China has accelerated interconnecting telecom networks, telecasting and broadcasting networks and the Internet, offering subscribers on a single platform wide ranging services including voice, data and telecasting and broadcasting, with the triple-play network considered the foundation of China's IOT future.
Zhang says that the commission will aggressively promote six measures to develop IOT and other emerging industries in China, including interconnecting the three networks, inspiring investments in IOT projects, and creating demand for IOT applications.
Apparently China is serious about building the IOT sector in the nation.
China, the United States, Germany, and South Korea have also called for global partnership to set standards for the nascent IOT industry to prepare for potentially massive growth.
In light of China's vast domestic market and its aggressive attempt to play a major role to form international IOT standards, Taiwan's IOT developers are reportedly eager to work with their Chinese counterparts on mutual standards.
Lee, a senior market researcher at Topology, advises Taiwan's IOT developers to watch closely China's standardization of its RFID and electronic-labels, as well as try to work with China's agency on IOT protocols based on its homegrown TD-SCDMA 3G technology and take part in China's IOT infrastructural projects.
Lee notes that Taiwan's IOT developers lag their Chinese counterparts as China Mobile, China Unicom, Invengo Information Technology and Tongfang in terms of network and service technologies, as China offers opportunities for field testing of integrated systems.
1 IOT equipment supplier in Greater China, recently announced it would contract Hon Hai Precision Industry Co.
Wang said she had approached chairman Terry Guo of the Hon Hai Group and Honorary Vice Chairman John Hsuan of UMC over IOT cooperation, adding that the IOT industry in China and Taiwan are complementary, with Taiwan being good at RFID, high-end chips, barcode testing and consumer-premise equipment, while China's edge lies in matrix code and sensor transmission.
Insiders say that the subsidiary plans to acquire an IOT company in Taiwan for over US$31 million and may ask local manufacturers to buy its stocks for capital increment.
Regarding Taiwan's lack of field testing of integrated systems, Topology's Lee suggests Taiwan's IOT developers focus on applications for urban life, transportation, residence, finance, retail, energy, production, and agriculture.
Hsieh, another Topology analyst, suggests Taiwan's equipment supplier emphasize wireless sensor network, with service providers to use the network to develop IOT applications like intelligent data transmission system, homecare for seniors, as well as home and community security.