Internet Of Things Swot Analysis

1.1 Overview

The Internet of things (IoT) is a technological phenomenon which is evolving from the innovative developments in Information and Communication Technology. Kevin Ashton coined the term “Internet of Things” to describe a system where the Internet is connected to the physical world via ubiquitous sensors. Here the ‘thing’ could be anything from consumer electronics such as coffee maker, smart cooker, to medical instruments such as Mimo monitor. Using Internet Protocol connectivity it is now possible to connect any devices to the internet and allowing them to be controlled and managed from any place and at any time. Embedded physical devices, such as consumer electronics are becoming smarter and smarter. They are equipped with embedded

The main reasons behind this interest are the capabilities and the advantages that the IoT can offer. IoT aims to create a world where all the objects (also called smart objects) around us are connected to the Internet and communicate with each other with minimum human intervention intervention The absolute goal of IoT is to create a better world for human beings, where the smart objects around end users know what they need and act accordingly without explicit instructions. Kevin Ashton coined the term ‘Internet of Things’ for the first time in the year 1998. He has mentioned “The Internet of Things has the potential to change the world, just as the Internet did. Maybe even more so”. The MIT Auto-ID centre presented their IoT vision in 2001.Later, IoT was formally introduced by the International Telecommunication Union (ITU) by the ITU Internet report in 2005. The IoT encompasses a wide range of technologies that drive its vision. In the document, Vision and challenges for realizing the Internet of Things, by CERP-IoT a comprehensive set of technologies was listed. IoT has a very broad vision. The research into the IoT is still in its early stage. Therefore, there aren’t any standard definitions for IoT. The following definitions were provided by different researchers. • Definition by “Things have identities and virtual personalities operating in smart spaces using intelligent interfaces to connect and communicate within social, environment, and user contexts.” • Definition by The semantic origin of the expression is composed by two words and concepts: Internet and Thing, where Internet can be defined as the world-wide network of interconnected computer networks, based on a standard communication protocol, the Internet suite (TCP/IP), while Thing is an object not precisely identifiable. Therefore, semantically, Internet of Things means a world-wide network of