IoT; an ingredient to boost global economy and electronics biz in 2014

Internet of Things (IoT) is fast emerging as next big wave in networking. The big impact is expected in year 2014-15. The traditional Internet had some shortfalls to connect every device to the net. Now it is upgraded with IPv6 to support connection of trillions of devices to Internet, and also the short range wireless protocols such Zigbee, WiFi and Bluetooth and as well as cellular radio network is now enhanced with increased bandwidth and speed enabling wireless IoT. The more significant adoption of IoT is driven by consumer market. CES 2014 can be the right venue at the beginning of the year 2014 to witness some IoT enabled product demos. The home appliances and the home (smart home) itself can be monitored remotely using IoT technology from any internet appliance. This market can surge-fast anytime in 2014 to 2015, most probably in 2014 itself. Automotive is also a big market, one example is the vehicles on the road can communicate with each other to cruise at same speed on a highway. In fact there is no application not going to be benefited by IoT. In some of the application such as Agriculture, the IoT technology allow the farmer to monitor the crop from the mobile phone. The application of robots can be enhanced by using IoT technology. Medical is also an important area to employ IoT in patient monitoring. Manufacturing industry is already using wired and wirel...