25 Internet-of-Things (IoT) Companies You Should Know
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In simple terms, the Internet of Things (IoT) refers to the digitally connected universe of smart devices. These devices are embedded with internet connectivity, sensors and other hardware that allow communication and control via the web.
The Internet of Things makes everyday devices “smarter” by enabling them to send data over the internet, communicating with people and other IoT-enabled devices.
The IoT can be found in an array of devices, industries and settings. From smart blackboards in school classrooms to medical devices that can detect signs of Parkinson’s disease, IoT is rapidly making the world smarter by connecting the physical and the digital.
The number of IoT-connected devices grew by 8 percent in 2021 and is projected to leap by another 22 percent through 2025, reaching 27 billion devices, according to market research platform IoT Analytics. Examples of the Internet of Things span industries, from manufacturing and automotive to healthcare and retail.
The connected “smart home” is a prime example of the Internet of Things in action. Internet-enabled thermostats, doorbells, smoke detectors and security alarms create a connected hub where data is shared between physical devices and users can remotely control the “things” in that hub via a mobile app or website.
The Internet of Things isn’t just restricted to everyday items in the home. Its influence can be seen across industries, making its way into the automotive industry, for example, by facilitating connectivity for monitoring and optimizing vehicle performance. The healthcare industry also benefits from the IoT, giving providers tools to more efficiently and accurately track key health metrics like glucose levels.
In a nutshell, IoT works like this:
Smart devices connect to an IoT platform, described by the experts at IoT For All as “the support software that connects everything in an IoT system.” There are hundreds of IoT platforms and some are made by industry giants like Oracle and IBM.
The Internet of Things is largely made possible by technologies that connect devices and enable them to communicate with one another. Connectivity options have a range of pros and cons, with some more suitable for certain use cases like smart homes while others may be more appropriate for IoT applications like industrial automation. These technologies can be divided into two categories: IoT data protocols that allow information to be exchanged between devices even without an internet connection, and IoT network protocols that link devices to one another and to the internet.
Emerging technologies often come with a new and changing landscape of risks and threats. The Internet of Things is no different. Because the IoT can enable things like building lighting and HVAC, vehicle diagnostics and even power grids, protecting these critical systems and infrastructure elements is paramount.
Common IoT attacks include privilege escalation, which exploits vulnerabilities like bugs or design flaws to get access, and firmware highjacking, which uses fake updates or drivers as a means to download malicious software.
The U.S. Department of Health and Human Services Health Sector Cybersecurity Coordination Center recommends individuals and organizations take a number of precautions to minimize risk. One precaution is to stay away from Universal Plug and Play, which lets devices on the same network automatically discover and communicate with each other. Another is changing default passwords and router settings, and using a zero-trust model that limits access to what’s absolutely necessary and authenticates and verifies network interactions.