What is the Internet of Things?

The “Internet of Things” (IoT) may sound complex, but in actuality, is a fairly simple concept to understand. On a very high level, IoT is the ability for things that contain embedded technologies to sense, communicate, interact, and collaborate with other things, thus creating a network of physical objects. In recent years this concept has gained enormous momentum, and is now one of the most talked about things in the world of technology today. At this rapid rate of growth, it is projected that there will be approximately 26 billion connected devices by 2020.

What is Internet of Things (IoT)?

What is the Internet of Things?

Benefits of IoT

For OEMs

With the Internet of Things, manufacturers can give each of their physical assets a digital identity, enabling them to know the exact location, condition, and usage of their assets in real time throughout the supply chain.

Gain insight into customer usage and device performance to improve future products

Open new opportunity to monetize value added service around product usage

Better insight into supply chain management

Ability to update products in the field to enhance capabilities and extend lifecycle

For Consumers

Consumer adoption of connected devices such as smart appliances and wearable devices is rising. Today, more than 30% of consumers already own or plan to purchase an in-home connected device in the next two years according to a report by Acquity Group. Some of the key benefits connected devices provide consumers are:

Ability to remotely monitor and control devices for peace of mind

Improve energy efficiency of household devices

Extends lifecycle for products, through the ability to update

Ability to integrate multiple connected products for improved customer experience

Ability for products to manage themselves

The Ayla IoT Blog

Smart Water Heaters Save Energy and Keep Homeowners out of Financial Hot Water

Nov 24, 2020 | By Ayla Networks

A water heater is one of your home’s biggest energy hogs. Only heating and cooling systems come as close to consuming more energy – and dollars. A typical water heater – the ubiquitous tank-style unit located in many American basements and utility closets –constantly heats, and heats, and reheats stored water so that it stays hot, whether you need it or not. That’s a lot of wasted energy.

READ FULL ARTICLE | All Blog Entries

Getting Started

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IoT Trends

July 12, 2017

Impact of Voice on Connected Consumer Markets

July 12, 2017 | Parks Associates

Voice control and voice-based technologies have experienced massive growth in the past five years within the consumer market, and they are rapidly changing and influencing adoption of voice-controlled products. This white paper discusses the following topics: defining the Voice Control Market, Consumer Adoption and Use and Market Shift Factors.
January 3, 2017

Top 10 Consumer IoT Trends in 2017

January 3, 2017 | Parks Associates

This whitepaper analyzes 10 key trends impacting the market for consumer technology now and into the next year. Topics include: Voice Control, Mobile Services, Connected CE, Virtual and Augmented Reality, OTT Video Services, Connected Cars, Smart Home, Smart Home Devices & Services, Wearables and Healthcare.
October 21, 2016

IoT for the Consumer

October 21, 2016 | Electronic Design

The Internet of Things (IoT) covers a lot of ground, and much of it is in the consumer space. There has been a flood of products and the numbers continue to rise. Many have a limited market, but the number has risen into the billions: Gartner estimates 6.4 billion in 2016.

See More IoT Trends

Helpful Resources

WHITE PAPERS

White Paper

SCALABILITY IN THE IOT
Exploring a New Wilderness

White paper

BUILD VS. BUY
Manufacturers’ Biggest IoT Decision: Build or Buy an IoT Platform?

More WHITE PAPERS

Events

Live Webinar | October 19 |

Best Practices for Continuous Testing in the IoT