B.Tech Internet of Things (IoT)

Internet of Things

The Internet of Things presents an enormous opportunity to transform the way we live and do business. McKinsey’s Global Institute predicts IoT will have an economic impact of between $4 trillion and $11 trillion by 2025.

Sensors and ubiquitous connectivity, combined with data and analytics, open up new opportunities to innovate products and services and to increase the efficiency of operations. This digitization of the physical world—or Internet of Things (IoT)—creates new value for companies and for their customers.

As per McKinsey report, the Companies can capture value by creating new revenue streams from providing connected solutions and services to consumers and enterprises and by reducing costs in operations.

Overview of IoT

Acting as the bridge between the physical and the digital world, IoT offers a huge opportunity for companies. IoT describes the connection of devices to the internet using embedded software and sensors to communicate, collect and exchange data with one another. IoT combines connectivity with sensors, devices and people, enabling a form of free-flowing conversation between man and machine, software and hardware. With IoT, the world is wide open, offering a virtually endless array of opportunities and connections at home, at work or at play.

IoT allows things to monitor various objects including human, animals or environmental conditions. It also allows things to be controlled remotely, providing convenience and improved efficiency.  Things in IoT can be just about anything including temperature sensors, smart phones, CCTV cameras on the road, buses, trains, planes, and almost anything that we can think of!

Application of IoT

Improving manufacturing and operations

Teaming our manufacturing knowledge and experience with P&G, GE Digital and Microsoft has led to modern digital platforms that brings together leading-practice manufacturing process intellectual property with shop-floor analytics and improvement apps. The benefits provided by such platforms include the ability to achieve improved service levels and savings across labor, maintenance, energy, yield loss, rework, warranty and overhead costs, and working capital, enabled by IoT.

Sector-specific offerings are also available. For instance, Intelligent Process Optimization is a licensable product that can be used to improve the crude oil distillation process by improving the most profitable, high-quality yields.

Enabling condition-based predictive maintenance

This concept is built upon continuous real-time monitoring of the critical parameters behind how equipment performs, compared with how it performs normally. Detecting when it deviates from normal behavior allows a company to spot and prevent failure at early stages.

Condition-based maintenance has been effectively used in different industries for decades. What’s innovative in our approach is the application of artificial neural networks to create a “digital twin” of the equipment for comparisons, providing a more accurate prediction and greater lead time to allow maintenance teams to react and prevent issues.

Detecting and responding to network events

IoT solutions require security, privacy, safety, reliability and resilience. In this Fourth Industrial Revolution, the Internet of Things (IoT) and artificial intelligence (AI) can help companies increase productivity and growth. 

Course Details

The IoT is the heartbeat of the Fourth Industrial Revolution – a revolution of game-changing innovation made possible by the combination of big data, analytics and physical technology. The volume of data that new web-connected systems will have available, combined with their ability to self-enhance through increasingly sophisticated artificial intelligence (AI), could fundamentally change how society operates.

Career Options after pursuing B.Tech (Data Science)

Demand is on the rise for IoT technology, which connects everything from cars to factories to the cloud. A study from Business Insider Intelligence estimates that 24 billion IoT devices will be installed by 2020. there’s already a ton of demand for techies who want to work on IoT projects—over 1,000 job listings on Monster right now, which is bound to grow in future.

Monster.com

The Internet of Things offers a range of career opportunities in embedded systems cybersecurity (a particularly hot market), software development, and more.

Besides jobs in core area, the need for IoT experts is also on rise in many diverse sectors and industries as healthcare, manufacturing, utilities, transportation, agriculture, and consumer products. Jobs for IoT Engineers are expected to increase in the coming years across industries.

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