It’s gonna be 2 years soon since I started to work on this business direction. We started with the development and production of IoT explosion-proof sensors (temperature, vibration+ temperature), gradually developing and adding new devices to the line for other industries. Perhaps, not everyone knows the definition of IoT yet, so I'll start with it and tell you a little bit about its history. The Internet of Things (IoT) is objects ("things") equipped with technologies for exchanging information with each other or with the external environment, aimed at M2M (machine to machine) interaction, excluding human intervention from part of actions and operations. The term "Internet of things" was born in 1999. An employee of Procter and Gamble proposed to optimize the logistics of the corporation with the help of radio-frequency identification (RFID). Using RFID devices, we digitized the Sibur archive last year. The introduction of the Internet of Things was made possible by the widespread use of the Internet, smartphones, wireless networks, and especially by reducing the cost of electronic components. For the full operation of end-to-end IoT devices, processors with a more advanced memory subsystem and instruction architecture are required than those available in the current generation of low-power silicon chips (mainly ARM architectures). More powerful chips with optimized power consumption will soon be available. In practice, IoT systems usually consist of a network of smart devices and the cloud platform to which they are connected. They are joined by systems for storing, processing, and protecting data collected by sensors. IoT is not one, but a whole stack of technologies. This is the creation of sensors and protocols for their interaction. Objects communicate with each other via Wi-Fi, Bluetooth, LPWAN, LoRaWAN, BLE, Ethernet, RFID, ZigBee, and other types of wireless communication. Our customers mostly choose LoRaWAN, so we implement sensors using this communication standard. If you are interested, I can highlight the advantages of this technology in the following articles. The prototype of the Internet of Things was industrial automation systems. Today's IoT is much cheaper, making it possible to cover all production processes and digitize previously uncontrolled processes, making them manageable. Every year, more and more companies are implementing IoT technologies, thus moving to the 4th stage of the industrial revolution. Thereby improving the quality of products, as well as reducing the cost of maintenance and repair, line downtime and emergency production stops. All these measures lead to an increase in investment attractiveness and a strengthening of the market position.
The IoT direction turned out to be quite extensive, so we separated it into a separate project called IoT-UniverseAnd I have chosen the most interesting cases for you:
Think about how you could solve this issue:
IoT Solutions in Numbers: Global Connected Devices Market. 6.4 billion in 2016. 26.6 billion in 2020. Market volume $330 billion in 2020. Operating profit is about $11 trillion by 2025 (McKensey).