July , 2020
IoT facilitates the ease of doing business
12:30 pm

Nikhil Raghavan


It has been almost five years since the Internet Society published a white paper, which provided an overview of the Internet of Things (IoT), exploring the related issues and challenges. Since then, IoT has become a standard feature in many areas of business, manufacturing, and commercial activities. According to the white paper. IoT refers to scenarios where network connectivity and computing capability extends to objects, sensors and everyday items not normally considered computers, allowing these devices to generate, exchange and consume data with minimal human intervention.

Connectivity, as a relative term, has been around for decades, and largely refers to how computers and machines talk to each other and how production lines can be set up with appropriate programming. IoT takes it several steps up by enabling implementation of different communication models as described by the Internet Architecture Board.

With the advent of the ‘new normal’ during the ongoing COVID-19 period and expectedly in the post-pandemic era which will follow, a high level of automation, long-distance monitoring, off-site program controlling and production line set up will become the order of the day. While on one hand, loss of jobs for physical work is expected, technology specialists will be paid well and are expected to run various production lines, manufacturing facilities, delivery and supply chains using IoT.

Several security measures can be built into the programming of IoT-dependent systems and consequently, many issues that often plagued the digital domain, like security, privacy, interoperability, legality and copyright issues will get sorted in the automation process. In the virtual world of the internet, billions or even trillions of physical hardware devices are connected to each other constantly collecting, sharing, analysing and disseminating data. From the minutest component to a gigantic luxury liner, IoT will enable a high level of digital intelligence, while communicating with each other using real-time data. IoT makes the world around us smaller, smarter and more responsive, in a unique combination of digital and physical entities.


IoT in real estate

According Anuj Puri, Chairman, ANAROCK Property Consultants, “The Internet of Things (IoT) has tremendously changed the way we live and function today. It is steadily becoming a part of our homes, work, shopping centres, parking lots, etc. Its usage and demand are growing multi-fold in the post Covid-19 world since more and more consumers (at home, office etc.) will now look for automated solutions to perform their daily errands that make life easier. Thus, there are several reasons to embrace it with open arms.”

Out of the many positives of IoT, a primary point is its efficient use in security and building infrastructure. According to Puri, “From biometrics to remote monitoring to surveillance cameras and wireless alarms, these tech-driven devices can help avoid thefts and prevent unwarranted entry. Most of these devices can be also accessed via smart phones.” 


Smart ventilation and heating in buildings is another area where IoT can be aptly used. Smart sensors help to optimise the HVAC (heating, ventilation, and air conditioning) system which invariably improves efficiency in buildings. “Likewise, real estate agents can also use IoT to enhance the analytical decision-making capability of investors/buyers, thus boosting their sales. As technology continues to revolutionise all sectors including real estate, we expect trends such as the application of IoT and application of chatbots and Artificial Intelligence robots to gain further acceptance,” informs Puri.

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