Before diving in to the details, let us try to understand what has set the pace for this new technology behemoth – the Internet of Things.
What exactly is creating the unstoppable momentum for Internet of Things (IoT)? Here are a few: increased penetration of broadband internet which is widely available, decrease in costs of connections and devices, omnipresent wi-fi availability or capability devices and sensors built into them, surge in smart phone usage, digitalisation across the spheres and the impact these are creating in terms of setting speed, reduced costs and better economy.
IoT is the networking of physical objects through embedded sensors, actuators and devices that collect and transmit information about the objects. Needless to say, IoT is revolutionizing the way we operate our business, irrespective of the industry or geography. McKinsey Global Institute research states that IoT can have an economic impact of $6.2 Trillion by 2025. According to Cisco, the economic value added by the “Internet of Everything” will be close to $19 trillion by 2020.
How does it impact you?
Alert your technicians about a technical snag before it actually happens. Alarm waking you up at 5 am and making AC to switch-off automatically when you get out of the bed and notifying the coffee machine to prepare coffee for you. Sound like scenes from a sci-fi movie?
Yes, IoT is going to create a huge impact in every part of our lives. May be with extensive support from the governments, the initial impact will be in the urban area where IoT has potential to transform everything including – transportation, communication, healthcare, banking, domestic services and industries.
Connected cars – A market perspective
IoT in connected cars is going to play a leading role and are already driving the machine-to- machine space, Gartner predicts there will be a quarter-billion connected vehicles on the road by 2020, with new vehicles increasing the proportions of connected cars. “A study suggests that worldwide sales of connected car products will increase almost fourfold between 2015 and 2020, adding more than €110 billion (US$149 billion) in revenues in the passenger car segment alone Added revenue isn’t the only benefit that car companies will see from the rapid development of the connected car.
What does IoT mean for a Nation?
IoT can address several challenges that Countries are facing today. Nations can trust IoT to lead to better:
- Government: Better decision-making as the information collected will be accurate and enable quicker reaction for natural disasters, while also helping improve transparency and accountability.
- Agriculture: Effective utilisation of resources like water, fertilisers, etc. for high yield agriculture and more predictable demand supply requirements.
That said, a lot more needs to be invested on research & development, and infrastructure development to encourage IoT adoption.
Why is IoT Testing important?
Users are fascinated and informed through internet, hence it cannot be overlooked or ignored. In order to master and implement IoT, organizations need to work closely with mature vendors and overcome key hurdles such as:
- Lack of consensus on how to apply emerging standards and protocols to allow smart objects to connect and collaborate. It’s difficult for organizations in integrating applications and devices that use multiple network technologies and operate on various networks.
- Testing IoT before launch can help error detection and avoid failure of IoT products.
The future of manufacturing is interlinked with the usage of IoT. Quality plays a key role in helping the IoT market succeed. Testing IoT in addressing data management, security and privacy concerns helps in offering trusted products. Cigniti has in-depth skills to identify potential bugs and failures, thus avoiding disastrous failure of products.