Internet of Things is here to stay and will change our lives forever

According to Forbes, Internet of things (IoT) is “Simply put, this is the concept of basically connecting any device with an on and off switch to the Internet (and/or to each other). This includes everything from cellphones, coffee makers, washing machines, headphones, lamps, wearable devices and almost anything else you can think of.  This also applies to components of machines, for example a jet engine of an airplane or the drill of an oil rig.

In Layman terms, IoT is basically any device that we use that is connected today. True that we already have several connected devices, such as printers, cell phones, watches, among others. But the true revolution starting as more and more devices are connected to the web. According to McKinsey, the IoT could have an economic impact from $4 trillion to $11 trillion by year 2025.Mckinsey

When we analyze where the biggest impact will be, it is evident that the greatest impact will be in factories and in cities. However, maybe the interesting aspect of IoT will be how it impacts our daily lives and how it will impact specifically our homes which I will go into detail. Probably the most well-known brands in this space are nest, with their smart thermometer and Amazon with its Amazon Echo. But what products are out there that are changing how we live our lives.

Well, first there are the IoT switches and intelligent lightbulbs. Have you ever thought of the possibility of turning on and off your TV, lightbulbs or any appliance? Well with products such as the Phillips HUE and the Belkin WEMO smart connecters, you have the possibility of turning on and off any device in your house directly from your smartphone.

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Another aspect that will change in your homes for good is the alarm security devices. Remember those days that the alarm would wake you up in the middle of the night because there was a false alarm or there was a cat close to your house? Well, not anymore, with smart alarm systems such as the Nest Alarm system those days are over. With the Nest Alarm system, those days were everyone, according to the alarm system were intruders are over for good. With the Smart Alarm systems, the alarm system uses machine learning to determine your living patterns and finds out who is an intruder and who is not. Furthermore, there are multiple ways to disarm the alarm through a passcode, alarm, among others. If you forget to put the alarm after leaving your home, the app reminds you and you can set it through the app. What’s more interesting is that this alarm protects your loved ones by having a CO2 and smoke alarm integrated into the whole package, meaning that you will be able to keep everything under control in your home.nest-secure-beauty-shot-2

Another interesting appliance in our homes that will change for good is the refrigerator. Perhaps the most undermined appliance in any household for its simplicity its going to change and in a big way. One product that stands out is the Samsung Family Hub. This product takes your typical refrigerator and implements sort of a tablet in one of the doors. Here, you will be able to have your shopping list, have recipes in real time, view what’s inside, watch TV, hear music and keep a calendar. What’s more interesting is that your will be able to see what’s inside remotely, meaning that when shopping for groceries, you will be able to know what’s missing. Furthermore, the refrigerator will be able to tell you which food is close to expiration.

 

samsung

Finally, one interesting development for those with a garden, is the often-forgotten sprinkler system. Despite being one of the most simple things out there, the sprinkler system is getting a resigned and for good. Now there are products such as the rachio smart sprinkler system, which connects to your sprinkler controller. When connected, it uses machine learning to learn your garden and what is the best way to maintain it. It takes into consideration direct light sun exposure, trees and shrubs vegetation, what time of year it is (temperature) and what is your soil type. It also senses when it rains and it sets smart schedules to minimize your water consumption, but at the same time keep your garden better than ever. All of this can be managed directly through your smartphone.

It is evident that IoT is here to stay and will make our lives much easier.

 

Sources:

https://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/the-internet-of-things-the-value-of-digitizing-the-physical-world

https://www.forbes.com/sites/jacobmorgan/2014/05/13/simple-explanation-internet-things-that-anyone-can-understand/#6b2a3d401d09

https://www.forbes.com/sites/forbestechcouncil/2017/06/06/best-smart-home-devices-and-how-iot-is-changing-the-way-we-live/#5db0b40643bd

https://rachio.com/

https://www.pwc.com/us/en/industry/entertainment-media/publications/consumer-intelligence-series/assets/pwc-consumer-intelligence-series-iot-connected-home.pdf

https://www.protectamerica.com/how-it-works

https://www.samsung.com/us/explore/family-hub-refrigerator/connected-hub/

 

 

 

 

10 comments

  1. Interesting post. Really emphasizes how the internet is becoming more and more pervasive in our lives! I actually read an article on this the other day which brought up some really good points on this topic. Having everything in our house (an other aspects of our lives) connected to the internet makes things like adjusting home security easy and convenient. On the other hand, couldn’t giving companies like Nest Alarm Systems access to personal data/ info lead to a hack of certain private information at some point?

  2. clairemmarvin · ·

    I agree that the IoT will only keep growing until practically everything we own is connected to the internet! As we’ve talked about in class it seems like Google is investing heavily in this area, banking that “smart houses” are the way of the future. This also definitely goes hand in hand with AI technology like Amazon’s Alexa. I wouldn’t be surprised if in 10 years we are talking to AI devices in our homes to automate virtually every move we make. Can’t wait to see where the technology goes from here as I’m all for things that will make my day-to-day life that much easier!

  3. britt_hopkins4 · ·

    Super interesting. This along with all of the AI going on reminds me of the Disney movie “Smart House” where everything is pretty much done for you. I love how you brought up examples in so many different areas of the home. My neighbor has motion sensors in their house. When they were away one time they got a notification on their phone that there was motion in one of the bedrooms and it saved their house from getting robbed. I agree with @clairemmarvin. I feel like we’ll be doing everything from our phones in 10 years thanks to the IoT and AI.

    1. Catherine · ·

      Hopefully our future of IoT will not have the same outcome as “Smart House”! However, the IoT is expanding into nearly every industry, including improving public safety and public health, and will have a multi-million dollar impact. I am looking forward to seeing how significant our every day lives will change in the coming years.

  4. IoT is defintely coming (of course, I’ve been hearing about it for 20 years), and we’re closer than ever. I’m not sure I 100% share your optimism, though. The more that all are devices are computerized, the more the data can be collected and used to market to us.

  5. Yvette Zhou · ·

    Great post! IoT has influenced our life a lot and it will keep influencing! I am always fascinated into smart home appliances and happy to see your introductions. I think the impact of IoT is not limited . It can expand to automotive, health, education. Also, it brings more benefits in B2B business. Hope within more and more competition in IoT, we as consumers can achieve amazing lifestyles!

  6. camcurrie99 · ·

    While IoT devices are cool and a good proof of concept, I’m not totally onboard the “let’s IoT connect everything!” train. There are some things that I can agree upon their usefulness: thermostat, alarm system, etc. Other things, though, I think are being made into internet connected devices for the sake of doing so. At the Consumer Electronics Show in January of this year, IoT was a major theme. There were things like smart ovens, smart toothbrushes, smart blinds, smart mirrors, and so on. Does the added technology of these devices make them significantly better than their “dumb” counterparts, and make them worth the huge cost increase? I’m not so sure.

  7. Very interesting post! I really appreciate your optimistic attitude throughout this post. I think that people tend to think very negatively about the rapidly increasing digitization in our homes. I agree with many of the other comments that it is a scary thought, but I think it is coming whether we like it or not. I think that we should be embracing this change and learn to live with it instead of fighting it.

  8. Thanks for sharing, Daniel. I’m curious to see whether ‘dumb’ objects will stay in the loop. If I don’t want a smart refrigerator, does that mean I’m refrigerator-free? What if I just want a regular, cheap lightbulb? Maybe our generation will be the tail end of those that prefer that kind of thing, but I like things to be straightforward sometimes.

  9. emmaelennon · ·

    @adrienneis6621‘s point is a good one — how available with non-smart objects become, with the influx and push of smart connected devices? how will that affect those who can’t afford more expensive technology, and in turn, how will that contribute to the wealth gap?

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