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A Beginners Guide to IoT: Altizon Founders’ Perspective

Engineer using tablet to check and control machine in an intelligent factory

Internet of Things (IoT) is evolving to be the next big thing the world is about to see. IoT is a network of physical devices or ‘things’ that are interconnected and can exchange information about their operation and about the environment in which they function.

The application of IoT to industrial assets is termed as The Industrial Internet of Things or IIoT. The rise of IIoT has also given rise to several business initiatives that are interrelated and significantly overlap, namely Smart Manufacturing, Digital Transformation, Smart Factories and Industry 4.0. IIoT platforms act as a foundation layer for these initiatives.

Altizon CEO and Co-Founder Vinay Nathan shares insights on the evolution of IoT, impact in the market, and where this revolution is heading.

It all started about 10, 12 years ago by integrating computing or smart computing into anything or any device across the world. The ‘SMART’ revolution began then. And as is the case with any technology revolution, it started in the academic world.

The Beginning of IoT

Across UCLA, University of Michigan, Stanford, MIT, and hordes of other academic labs started looking at computing in every device possible. Out of this research was born a concept called mote.

A mote is a sensor node within a wireless sensor network that is capable of performing computing or processing, gathering sensory information and communicating with other connected nodes in the network. This was a result of the Smart Dust project by UCLA and the University of Michigan and NASA Sensor Webs project.

The key questions being answered were ‘how will we drive computing into anything and everything?’ and ‘how are we going to connect them to the Internet?’ A few years later, the Auto-Id Center at MIT started working on standards around RFID based automatic identification of objects and that was the first organized foray of sensor networks into the commercial world. In many ways, it formed the prequel to the Internet of Things as we know it today.

Evolved out of all these silo researchers was the concept of smart connected devices.

So what is the essence of the Internet of Things (IoT)?

At the very core of it, IoT is about connecting devices that were previously never connected to our world of the Internet. The intent of these connections is to create the world where any physical object can talk about itself. You can ask queries of the world around you and have all these myriad connected things revert back with an answer. It is like the mirror on the wall in the Cinderella fable.

Key changes in the technology world have fast-forwarded the evolution of what we call the Internet of Things today. Some of these changes are:

  • Advent of cloud computing
  • Maturing Mobile Computing
  • Arrival of advanced analytics
  • Evolution of computing in small form factor and low cost
  • Ubiquitous Internet connectivity

These have helped in solving the most important last mile issues surrounding IoT. What results from all this is the ability to have a digital conversation with this new world of connected objects and things.

This means that these things or objects can be indexed and searched, collect and respond to data requests and in real-time with least or no human intervention. The data these things collect from users, environments, and things can now be crunched by clever algorithms in the cloud, and intelligence can be derived out of them. Thus making smarter decisions, each IoT device intelligently feeding off other devices and becoming more and more intelligent.

Here’s what CTO and Co-Founder Ranjit Nair has to add about IoT aided innovations around the world and what’s happening in India.

What is the Impact of This Innovation?

Large organizations have now bought into the application of IoT in consumer and enterprise space. Every day these innovators are bringing new real-life applications of IoT.

At the forefront of the evolution in the business side is a bunch of companies like General Electric (GE) and Cisco. According to GE, “Industrial Internet could add a sizable $10 [trillion]-$15 trillion to global GDP — the size of today’s U.S. Economy.” McKinsey estimates the potential economic impact of the Internet of Things to be $2.7 trillion to $6.2 trillion per year by 2025.

The chipmaker, Intel claims that there will be 3.8 billion IoT devices connected to the Internet by 2015 and about 30 billion by 2020. According to Cisco, this will create a market of $14.4 trillion of value in cost savings and new revenues.

Earlier this week (June 2014), Apple threw its hat into the ring with the announcement of creating new tools and kits to help control smart home devices. Google earlier this year spent $3.2 billion to acquire Nest in its smart home offering.

What is Happening in India?

India is only waking up to the Internet of Things, but as is with most technology adoptions here, there is a lot happening in short time spans. Now with the new government announcing their quest to create 100 smart cities, the opportunities are looking bright as a star!

Other factors favorable for a spike in adoption and innovation of the concept are:

  • Increasing need for optimization, innovation in sectors such as retail, manufacturing and healthcare
  • The entrepreneurial mindset of new generation tech-savvy Indians who are already with the help of technology companies
  • Increasing need for technology in day-to-day life

This space is heating up across the globe. It is only going to get interesting and more and more people are jumping on the bandwagon.

Pilot Your Way Through IoT

You can pilot your way through IoT and you will see that imagination will run wild. Think of a program to extract data from sensors placed in car engines, which is crunched in the cloud and fed to garages via a mobile app. The mechanic will know what is wrong with your car without even opening it up. Better so, the mechanic can proactively inform you that you might have dirty spark plugs or an impending break down a few weeks from now based on the analysis of the data sent to him.

What other applications can you think of? Your ideas can even turn into the next big wave!


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