The technological trend of the Internet of Things, or IoT refers to billions of physical devices connected to worldwide Internet networks which are collecting and sharing data and are enabled to communicate real-time data without human involvement. Statista predicted that by 2025 an immense network of approximately 75.44 billion smart objects will synchronise data and autonomously perform actions.
The term IoT is mainly used for devices that would not normally be expected to have an Internet connection but could now communicate with a network independently of human action. Adding sensors to different physical devices and objects will create a level of digital intelligence that will change the fabric of human existence by merging the digital and physical realms to become smarter and more responsive.
IoT is currently known for its role in creating smart homes and cars equipped with sensors to allow systems to self-adjust like, for example, atmospheric controls. Early adopters like manufacturers are starting to use beacons and sensors to gather data from equipment and supply chains. These sensors transmit data on performance to determine component failures thus making systems and supply chains more efficient.
Choosing a network and provider to reap the benefits of IoT devices is vital and currently fibre optics can drive the mammoth data and networking requirements of the Internet of Things. Conversely, IoT offers new opportunities for the fibre optic market.
The popular terms ‘big data’, denotes the transformation driving organisations today. Companies have been gathering digital raw data at great expense but with suboptimal purposes. However, smart organisations are increasingly putting ever-larger quantities of homogeneous data to strategic use and creating value from wide varieties of data in real time.
Through the processing and fusion of all stored and streaming data sources, companies are creating a more complete view of the conditions affecting them. Though accurate platforms which mirror reality more adequately for accountable decisions, companies are benefiting from real-insights. The value of data is reflected in delivering to the bottom line by reducing market risks, honing predictive analysis and speeding-up improvements in processes.
For these real-insights to be relevant and implemented, data needs to be gathered, transmitted, and processed quickly. A high-speed, low-latency fibre optic network enables this IoT data to travel from the connected device to companies’ data centres at the speed of light.