Why Is It (IoT) Internet Of Everything (IoE)?

IOE (Internet Of Everything) is the new IOT (Internet Of Things)
Space Explorations

With the whole world flocking towards IoT market, businesses are rushing themselves to produce more and more smart devices. Even though its first foundation was laid in the late 1980s by students from Carnegie Mellon University, the actual boom began when the thought model for future interconnection environment was proposed, in 2004.

Today, it’s not just our phones, desktops or tablets can be interlinked but the other multitude of devices like washing machines, electric toasters, vacuum cleaners, and whatever you name it. The kind of life we were thinking was real when as a kid were shown Sym-bionic Titan and Futurama? has begun to become real now indeed.

As a kid I loved Zoidberg. I called him ‘Fingers On The Lip Guy’!

Well, none of it are crazy anymore. Want to see what’s happening inside your home? even when you’re 1000 miles away, turn on the app, surf around your home with 360 degree VR! This IoT landscape is growing faster and has already covered most of the verticals we humans have created — from home appliances to facilities management.

After gauging its growth and usage for several years now, some of the researchers have made its astounding future predictions. Let me list 3 of them to you,

1. Breakthrough in e-commerce industry

Once smart technology gets to be at the helm, every retail stores will become more accessible and more trouble-free for customers. The key idea behind supporting such technological disruption is that we all believe in its capacity to give us a tranquil shopping experience.

As the customer ourselves even after reading and knowing all about IoT, we won’t be able to figure out when and how the changes shall appear. “It mostly will be in a way that something is done different but can’t see what it is” It is soon evolving into the cornerstone of retail, that all we would feel are the products and appliances ‘coming live’ into invariably beautiful and innovative experiences. Also, the real revolution it is when we have ‘indirect smart technology’ existing around the us.

Less the friction is in a customer’s journey, greater the conversion rate would be. Thus to convert/conquer more consumer, the shopping journey has to be made hassle free by employing essential amount of energy, resources, people, and products within the store. Mainly by bringing in things like high-fidelity IR arrays and UHF RFID.

2. Advancements in consumer-facing industries

As the consumer interests in connected devices, applications, and services are slowly touching the roof, the demand for IoT and connectivity will keep driving the fundamental shift in the way the consumer-facing industries interact with their visitors/customers. “This will completely shift some of the familial spaces like retail and insurance” For ex: Amazon being the pioneer within retail industry to implement IoT in its native device Alexa, it will continue to overpower other retailers. This will be the greatest challenge for other emerging retailers to gain back their ROI that they necessarily have to shift from product into services to keep their businesses afloat. And the insurance sector have to quickly adapt to IoT since the data that are to be generated by IoT will fundamentally redefine the way they calculate and mitigate risk.

3. EDGE (Enhanced Data For Global Evolution) will become the king!

Reason being some of the IoT devices have higher potential to ground existing networks, it is high-time that EDGE starts working on processing, reducing, and analysing data before it hits the internet.

Source: Mobile Communications
Our cameras collect relatively high volume of data and the new jet engines are loaded with sensors that generate more than 10 gigabytes/s when running and terabytes per flight. Even our cars are now recording several informations.

Thus, one part of the global IoT network that has to be upgraded double quick is EDGE (the margin between IoT devices and the computers on the internet).

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