IoT in Industry: Background, Consequences, and Future Trends

This report provides an overview of the Internet of Things (IoT) and its impact on the industrial sector. It begins by tracing the historical background of IoT, highlighting key milestones from the 18th century to the present day. The report then delves into the consequences of IoT adoption in industries, focusing on benefits such as improved operational efficiencies, better supply chain management, and enhanced decision-making. It also discusses specific advantages like reduced time consumption, improved data management, and enhanced collaboration between humans and machines. Furthermore, the report addresses potential negatives associated with IoT and offers recommendations for mitigating these challenges, including strengthening security measures and developing effective public policies. The report concludes by emphasizing the importance of collaboration between industries, government, and the public in fostering long-term research and development to overcome hurdles related to security, ability, and risk management, ultimately leading to societal development through effective IoT implementation.

IoT in Industrial sector
 18th Century- his was the
starting phase for the internet of
things. IoT was not introduced at
that time but in this era, the
electromagnetic telegraph was
created. Also, first public
telegraph message was also
generated in this timescale.
 19th century- Although the starting years
were not that much able to prove IoT but
the later period was the revolutionary
time in development of the internet of
the things. The innovation started in the
1969 when the Arpanet was created later
then, TCP/IP were begun. Also, domain
name system was introduced in this era.
Further, the biggest revolutionary tool
WWW was proposed and also, the first
web page was also created in this
timescale. The major inventions in field of
IoT in this time period were WearCam,
commercial websites like Ebay and
amazon, google incorporation, inTouch
project. Furthermore, 1999 was the year
which is considered as the big year for the
IoT and MIT.
Background
Background of IoT : The internet of things involves the results generated by
the intersection of the sensors, networks, designs, models of business and
wide industries' range.
 20th century- This is that century which
has faced many innovation and advances
in the IoT sector. The starting of 20th
century was with the plan of internet
refrigerator, which is enough to estimate
the advances that this century has faced.
Further, 2008-2009 is considered the
born year of IoT. It is the time more
objects were connected to the internet.
This century has cited the phases of
development of laptops, Smartphones,
tablets,etc.
The internet of things highly impacted the industrial sector. This element has already
grabbed a large deal of attraction in this sector for numerous reasons. These grounds
involve the better operational efficiencies, effective management of bottom and top line,
improved logistics, good control over supply chain management, better decision-making
process through impelling data delivery. Further, with its feature of automation it is
simplifying may of the difficult and time-consuming tasks in the industrial operations.
Manufacturing departments is the most benefited area from the revolution of IoT. These
manufacturers may be automotive, chemical, electronics, etc. Huge amount of investment
is made by these companies in buying IoT devices to bring effectiveness in their working.
Some major advantages of using IoT in industrial sector are as follows:
The assets can be tracked using these systems. This factor will account in enhancing the
analytic functions of the entity.
 Internet of things will help in assembling the organisation smartly by suppressing the
disconnects between the manufacturing and enterprise network.
 New and better connectivity to the ecosystem that will reduce the traditional
boundaries.
 Collaborating machine with the humans to assist them in their work. This help will
bring efficiency and effectiveness in the work.
 Time consumption with the tasks can be reduced with the help of machine
assistance. With the effective time management, timely delivery can be done and
more production can be done which will directly impact upon the sale value of the
IBM.
 Large floating data can be maintained with the help of internet of things, this help
will remove the manpower in managing and securing bug data. Also, space needed
for placing this information will be removed.
 This tool provided IBM with the global transformation edge along with technology
innovation which will help the entity in generating significant economic
opportunities.
Consequences of the IoT on
industrial area

Recommendation
IoT is that revolutionary tool from which society can harness numerous benefits. The major advantage for
society is to their health and safety, the integration of internet to things in the health care system is beneficial
for both the individual and the society. People can be implemented with individual chip that is governed by the
various hospitals to monitor their health. By tracking the signs given by the chip, their health issues can be
understanding. With the help of this assessment attention can be provided to different patients depending upon
their condition.
In context to the safety factor, ADT a home security system helps society inn providing their personal
safety. In case when the individual is not present at the home, he/she then also can monitor the security
through their mobiles that have calibre to handle it. This advantage can reduce so many crimes and will provide
assistance in development of the society. Further, it also helps in reducing the money associated with the
households such as refrigerator, television, etc. by making them able to communicate so that energy efficiency
can be brought. Also, this tool is helpful in creating the everyday plans of the people so that they can bring
effectiveness and regularity in their tasks. Businesses are also highly benefited with internet of things, it helps
them in tracking of their assets, provides assistance in inventory control, facilitates security to them, etc. Also,
the internet of things enables machine to machine communication which helps people in understanding their
condition. For example- determination of achieving critical load by the trucks and other shipments. With these
advantages, industries can help in society development by bring effectuality in their work.
There are also some negatives associated with the IoT but with the help of some recommendation, these
disadvantages can be evacuated. For example, by assisting technology providers the security and cyber theft
errors can be removed out from the tool by applying the best security practices. Also, to implement the recent
developments and trends present, technological adopters can help the society. In addition to this, to deal with
the data protection and liabilities of the public, effectual public policies can be created. Further, there are also
some challenges related to the security, ability and risk management and these hurdles can be removed by
combining all the three stakeholders, namely, industries, government and public on long-term R&D.
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