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With over 20 billion devices deployed worldwide, the Internet of Things (IoT) is one of the fastest-growing industries with one of the widest applications. From basic sensor data gathering to actuator control, IoT devices can significantly improve the performance of any application, and provide engineers with invaluable data. While IoT devices have technically been around for more than 20 years (by definition, a computer can be seen as an IoT device), the modern sense of basic devices with a few sensors and a small amount of processing power (often a microcontroller), has only been in wide circulation for a decade. Even so, IoT devices have seen numerous technological changes and challenges, including rapidly improving microcontrollers, the move to IPV6, and the growing security concerns relating to IoT devices. Now that 2020 has come, the importance of IoT devices continues to grow, and as it does, so do the opportunities presented to them.
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By Nigel Watts | 04-08-2016 Read More Electropages uses cookies to store information on your computer. Some of these cookies are essential to make our site work and others help us to improve the website experience by giving us some insight into how the site is being used. It can be seen that sensory data produced by IoT devices is invaluable to AI system, but to anyone who understands the basics behind economics can immediately see that the same sensory data could also be a source of revenue. Large companies, such as Amazon and Google, will have most likely obtained data using their platforms, but those developing AI systems which don’t have access to millions of devices can struggle to train their AI. Therefore, those developers will most likely be interested in buying data from those who have access to relevant IoT devices, and thus providing a revenue stream for the IoT owners. While purchasing IoT data is still in its infancy, the concept of buying data is not, and this has brought about many controversies. For example, companies such as Facebook have been found to sell data gathered by users to third parties who then use that data for advertising and targeting purposes. Thus, those that operate IoT devices who want to sell data need to be incredibly careful as to the nature of the data they are selling. Data such as speech may not be easily sold, and could very easily breach privacy regulations, while data such as temperature readings are perfectly acceptable. Even if data being sold is legally sound, it may draw negative attention from operators who do not want gathered data being sold off.
By Robin Mitchell | 08-12-2020 How can processing power be valuable?', intro: '.', full:'
Australia Introduces Code of Practice for IoT Devices
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