Blog_Banner_Asset
    Homebreadcumb forward arrow iconBlogbreadcumb forward arrow iconArtificial Intelligencebreadcumb forward arrow iconIoT: History, Present & Future

IoT: History, Present & Future

Last updated:
3rd Mar, 2022
Views
Read Time
7 Mins
share image icon
In this article
Chevron in toc
View All
IoT: History, Present & Future

A rapidly growing phenomenon taking over every industry, IoT is the talk of the town, and rightly so. IoT is reinventing gadgets with ‘smartness’ using an embedded combination of multiple software and technologies. From wellness to automation, IoT has its presence in all domains. The system incorporates an interconnected web of devices, retrieving and sharing information to generate a well-rounded user experience. It harnesses everyday devices to add a technological flair to make it as good as any sophisticated device, created exclusively to tackle multiple issues. It is impossible to live without being surrounded by IoT enabled devices.

Top Machine Learning and AI Courses Online

The IoT system made its debut in our daily lives only a few years back as technological advancements started offering better vehicles to make it through homes in a cost-efficient manner. Though the creation of IoT goes long back to the year 1999, so what took it so long? A glance at IoT and its history might help unlock all these questions!

Let’s start by understanding what exactly is IoT.

Ads of upGrad blog

Introduction to IoT

IoT or the Internet of Things is a technology working with a diverse range of devices to leverage the power of multiple technologies to make the devices smart for usage. Devices working under IoT are equipped with reliable sensors and software to obtain user data and transfer it to the cloud for other devices to retrieve and make efficient use of it. 

The technology harnesses multiple paths to simplify everyday chores with devices such as a smartwatch, washing machine, smart TV, smart lights, etc. These devices use valuable data extracted every day and process it through cloud computing to identify user patterns, later embedding it in intelligent devices with the help of machine learning. 

Trending Machine Learning Skills

Enrol for the Machine Learning Course from the World’s top Universities. Earn Masters, Executive PGP, or Advanced Certificate Programs to fast-track your career.

History of IoT

The initialization of the internet gave rise to multiple technologies, including IoT, to use valuable data to offer better services. IoT’s history dates back to the 1960s, but the recorded creation of the world’s first IoT connected device was done in the 1980s. A group of local programmers in Carnegie Mellon University operated a Coca-Cola vending machine connected through the internet. The machine used integrated micro-switches and an internet connection to keep track of the coolness and availability of cans in the vending machine. The device further motivated programmers and companies to research and create breakthroughs in the same domain.

In the early 1990s, a similar invention was created by John Romkey to connect a toaster with the internet through TCP/IP protocol. A year later, another endeavor was made at the University of Cambridge, but with the first web camera prototype, proving how IoT had tonnes of untapped potential. IoT experienced its major limelight in the year 1999 when expert technologist Kevin Ashton used the term “Internet of Things” in a presentation to explain the complex system of increasing efficiency through connecting multiple devices. While the presentation pertained to supply chain management, the usage of the word Internet helped the system gain momentum amid the media.

While the 80s and 90s initiated the journey of IoT, the 21st century powered it to rise as, by the first few years, the market started seeing a rise in IoT driven devices. 

The Current State of IoT

Assimilation of diverse IoT backed devices as a household name speaks volumes of its present state among consumers. Current statistics say there are more than 10 billion active IoT devices globally, and over 83% of organizations have improved their technological efficiency by introducing IoT technology in their devices. The steady growth of IoT has made it “the next industrial revolution” as its effect on lives is changing how people live today. 

Although the current scenario offers a green light to growth in IoT based endeavors, the cyber security challenges are one concerning aspect faced by the system. Nevertheless, the near future is driven to achieve growth in numerous fields, constantly harnessing IoT to empower their services and incorporate them into their products.

Future of IoT

Looking at the current state and the unstoppable potential of IoT, the future further awaits limitless possibilities for IoT in different sectors. The current market revenue for the IoT sphere is $212 billion across the globe, with 10 billion active connected devices right now, and reports claim an even better performance for the domain in upcoming years. Furthermore, the number of IoT connected devices is projected to reach 38.6 billion by 2025, proving the rapid growth of the IoT ecosystem across the globe. 

As the market is innovating technological advancements to create unique products, the objective is to empower them towards smarter use, which is only possible through IoT generated data. Perceiving the rapid pace IoT ecosystem is following, an interconnected world is inevitable. The future of IoT is full of exciting opportunities.

Read: IoT Developer Salary in India

Future Applications of IoT

As the IoT ecosystem evolves, it will soon reign the market, creating a comprehensive system to connect devices and people in a data-driven web. IoT aims to spread its ecosystem across multiple fields to make the vision possible. Here are a few predicted future applications of IoT.

  • Smart lighting driven through IoT is already in the market. Yet, an updated product form can be introduced, which can compile a mesh of several lights to regulate each of them simultaneously. These lights are aimed to be entirely wireless and accessible on smart devices. 
  • The healthcare field is soon to witness major change with the introduction of many IoT devices. It has untapped potential to assimilate innumerable accurate data evaluating devices, reducing human efforts while simultaneously giving healthcare professionals ample time off from their duties. 
  • Smart homes are on their way to getting revamped with additional IoT backed systems. With the creation of leisure, convenience and security-related devices, smart homes will use continuous data flow to empower their households. Besides a few digital devices, basic features such as thermal interception, wireless sensors, and even garden controlling systems will help owners have complete control of the property and its aspects. 
  • Smart retail is already on its way for buyers to go cashless. Amazon Go is an example of what we are most likely to see in the future under the IoT ecosystem. The shopping experience will simply require users to enter the store, pick their products and walk out without the need to go through lines and pay. The process is taken care of with the help of a virtual cart. 

Popular AI and ML Blogs & Free Courses

Conclusion

Ads of upGrad blog

IoT is swiftly making its way in every aspect of human life with industrial, medical or personal requirements. IoT devices are evolving to serve diverse needs with time. Looking at the system’s history, present, and the future state of IoT, it is safe to assume that IoT is here to stay. In order to contribute to its longevity, professionals are preparing to step into the dynamic field of cloud computing and Machine Learning. If you are looking for such opportunities, upGrad has the right course for you!

upGrad’s Master of Science in Machine Learning & AI is an excellent program to fuel your dream of working with IoT and related technologies! The certification extends Machine Learning models with cloud computing to deliver India’s most advanced certification program. With affiliation to the nation’s prestigious college IIIT-Bangalore, this course provides best-in-class content curated by industry experts. upGrad’s provides extended benefits such as live lectures, mentorship sessions, hands-on workshops and career guidance to prepare learners for countless opportunities. 

Learn ML Course from the World’s top Universities. Earn Masters, Executive PGP, or Advanced Certificate Programs to fast-track your career.

Profile

Pavan Vadapalli

Blog Author
Director of Engineering @ upGrad. Motivated to leverage technology to solve problems. Seasoned leader for startups and fast moving orgs. Working on solving problems of scale and long term technology strategy.
Get Free Consultation

Selectcaret down icon
Select Area of interestcaret down icon
Select Work Experiencecaret down icon
By clicking 'Submit' you Agree to  
UpGrad's Terms & Conditions

Our Popular Machine Learning Course

Frequently Asked Questions (FAQs)

1What was the first IoT device?

The first IoT device was created far before introducing the official IoT system. A Coca-Cola vending machine was the first IoT device recorded in history. The machine was made back in the 1980s under the vigilance of local programmers to keep track of vending machines’ content availability. The vending machine further motivated companies to look into the technology.

2What is the purpose of IoT?

IoT carries various objectives- from increasing efficiency to reducing human efforts while managing tedious everyday tasks. Rather than participating as a human-driven device, IoT-enabled devices aim to retrieve information and use the same to operate primary functions on their own, maintaining a connection between the physical world and cyberspace. IoT also aims to reduce environmental impact with energy efficiency.

3What are the current applications of IoT?

The present era of rapid digital transformation acknowledges IoT as one of the finest technological advancements to have entered the market. Its popularity has made it a household phenomenon, with every device equipped with IoT being slowly labeled as an essential. Here are a few applications of IoT in the current market. Health services- Applications and wearable devices Smart Homes- Smart lights and washing machines Farming- Farm surveillance and water distribution tools Supply chain management- Goods tracker and scanning devices

Explore Free Courses

Suggested Blogs

45+ Best Machine Learning Project Ideas For Beginners [2024]
329940
Summary: In this Article, you will learn Stock Prices Predictor Sports Predictor Develop A Sentiment Analyzer Enhance Healthcare Prepare ML Algorith
Read More

by Jaideep Khare

21 May 2024

Top 15 IoT Interview Questions & Answers 2024 – For Beginners & Experienced
64850
These days, the minute you indulge in any technology-oriented discussion, interview questions on cloud computing come up in some form or the other. Th
Read More

by Kechit Goyal

19 May 2024

40 Best IoT Project Ideas & Topics For Beginners 2024 [Latest]
765530
In this article, you will learn the 40Exciting IoT Project Ideas & Topics. Take a glimpse at the project ideas listed below. Best Simple IoT Proje
Read More

by Kechit Goyal

19 May 2024

Top 22 Artificial Intelligence Project Ideas & Topics for Beginners [2024]
415053
In this article, you will learn the 22 AI project ideas & Topics. Take a glimpse below. Best AI Project Ideas & Topics Predict Housing Price
Read More

by Pavan Vadapalli

18 May 2024

Image Segmentation Techniques [Step By Step Implementation]
64015
What do you see first when you look at your selfie? Your face, right? You can spot your face because your brain is capable of identifying your face an
Read More

by Pavan Vadapalli

16 May 2024

6 Types of Regression Models in Machine Learning You Should Know About
283408
Introduction Linear regression and logistic regression are two types of regression analysis techniques that are used to solve the regression problem
Read More

by Pavan Vadapalli

16 May 2024

How to Make a Chatbot in Python Step By Step [With Source Code]
31263
Creating a chatbot in Python is an essential skill for modern developers looking to enhance user interaction and automate responses within application
Read More

by Kechit Goyal

13 May 2024

Artificial Intelligence course fees
5802
Artificial intelligence (AI) was one of the most used words in 2023, which emphasizes how important and widespread this technology has become. If you
Read More

by venkatesh Rajanala

29 Feb 2024

Artificial Intelligence in Banking 2024: Examples & Challenges
6686
Introduction Millennials and their changing preferences have led to a wide-scale disruption of daily processes in many industries and a simultaneous g
Read More

by Pavan Vadapalli

27 Feb 2024

Schedule 1:1 free counsellingTalk to Career Expert
icon
footer sticky close icon