How is IoT Affecting Economy and Daily Lives


The IoT is one of the biggest trends that is revolutionizing almost every aspect of life in the 21st century.


IoT is known as the Internet of things and in this system, most of the devices that we use in daily life can be connected to the Internet.


The possibilities for innovation due to this technology are immense.


Just imagine what can happen if our offices, factories, transportation systems, refrigerator, phone and room heater are connect to wifi hidden camera.


It becomes so easy to control every device from the phone that we hold in our hand.


In many developed countries of the world, IoT is not just a dream, but a living reality.


Factories with set daily production levels can connect to the self-driving trucks to order the supplies and raw materials that are needed to be delivered.


This can increase the timeliness of order delivery and makes the factory more competitive than other rivals.


Supermarkets and other retailers can also use the IoT to deliver groceries and supplies to their customers according to their ordering schedule.


This can increase customer loyalty and increase their sales to make it more stable and regular.


Such homes have been designed in which the major appliances such as ovens, refrigerator, water heater, security system and water sprinkling system are embedded with chips.


These chips contain a processor and are connected to the internet through wifi technology.


The purpose of this is to add a lot of convenience in the lives of ordinary people by taking out the drudgery from mundane and routine tasks.


It leaves the people to spend their energies on more productive tasks or to spend quality time with their loved ones.


Or even to make our lives and homes more secure.


Let’s take an example of how the IoT can affect the daily tasks of our routine lives.


How is IoT Affecting Economy and Daily Lives Internet of Things


How is IoT Affecting Economy and Daily Lives? Internet of Things.


Suppose it is Thanksgiving and a family wants to prepare a full Thanksgiving dinner for the occasion.

The calendar on the smartphone which is connected to the IoT alerts the refrigerator to detect if the ingredients required to prepare the dishes are present in the fridge.

The processor in the fridge scans the shelves and identifies which ingredients have to be bought from the supermarket.

The fridge then connects to the IoT and sends a list to the online store which delivers the goods to the house and the payment is credited to the owner’s online account.

IoT can be applied to virtually every aspect of the house and daily living.

This even extends to maintaining the household temperature such as indoors temperature and water temperature.

The house system monitors the temperature of the house and water stored in the tank.

It also monitors the times of the day in which water use is maximum such as early in the morning when everybody is getting ready for the day, or late in the evening when people are getting ready for bed.

The system monitors the temperature of the water at these times and if it falls below the desired heating, then the water heaters are activated.

The result is that the inhabitants get access to warm water every time they need to use it, without leaving the water heater on throughout the day and night.

Think of all the money that can be saved in energy costs by using this approach.


How is IoT Affecting Economy and Daily Lives Internet of Things iot in the present
How is IoT Affecting Economy and Daily Lives Internet of Things iot in the present.


Internet of Things. How is IoT Affecting Economy and Daily Lives?

Another example can be seen in the maintenance of the lawn of a house.

Automatic sensors in the lawn can connect to the IoT and get real time weather updates about the daily or weekly weather.

Apart from this, the data about the current humidity, soil moisture and similar data about the lawn are collected and relayed to the computer system.

This determines how much water is needed for the grass and plants to stay healthy in the next few days.

Thus, the automatic sprinklers and sprayers are adjusted to water the lawn at the most appropriate times and in the most necessary quantity throughout the week.

The need for human involvement in such activities is absolutely minimized.

Security is another area where IoT can play a huge role.

The security system of a house or office can determine which individuals have access to the premises and what kind of authorization they have.

Moreover, these systems are fed with the data about the acceptable levels of safety which they continuously monitor to detect if there is any threat to the premises or its inhabitants.

If any threat such as fire, flooding or human intrusion is detected, then this system which is connected to the IoT can alert the relevant authorities automatically, such as the fire brigade, rescue forces, hospital or the local police.

The time it would take for a human being to do all these activities is reduced as a result of which the safety of the house is maximized.

All in all, the IoT has many useful applications for our daily living and also for the way in which we work.

Many other applications abound in the office if the printers, assembly lines, and supply chain systems of a factory are connected to the IoT.

Even cars connected with the IoT and based on self-driving technology can be automated to monitor traffic levels, accidents on the way, and the daily scheduled trips of the owner.


How is IoT Affecting Economy and Daily Lives? Video