The Internet of Things (IoT) taps into the power of online networks to connect a virtually endless number of everyday objects, from cars to coffee makers. This connectivity is designed to help make lives and businesses more efficient, productive, safe, or secure.
Analysts predict that a massive 4 billion new connected devices would be in use by the end of 2016. Essentially, everything that can be connected is getting connected through the IoT.
Here’s 5 IoT acronyms that you need to know to help you with your future IoT deployments.
Application Program Interface (API)
An API specifies how software programs interact with each other, the Internet, and connected devices. Organizations that deploy APIs within the IoT environment have access to tools that let manage their apps through the lifecycle of any connected device — and continue to monetize their tech investments.
Internet Protocol version 6 (IPv6)
Almost all of the finite pool of IP v4 addresses have now been depleted. IPv6 enables the allocation of trillions of IP addresses – plenty to handle traffic for generations to come. And with 13.5 billion IoT devices predicted to be connected by 2020, selecting hardware that meets both IPv4 and IPv6 specifications will be critical.
Bring Your Own Application (BYOA)
BYOA enables organizations to use applications of choice within an IoT deployment for platform flexibility. It’s important that organizations with apps deployed in highly customized IoT environments have access to a robust collection of APIs that can support the scale of connected networks and technologies.
Long Term Evolution (LTE)
LTE refers to high speed data transported over wireless networks. Many early IoT solutions were built on slower 2G networks, but going forward, those looking to deploy IoT solutions need to prepare a migration path to LTE before wireless carriers launch the next planned phase (5G) and old technologies sunset.
DDoS (Distributed Denial of Service)
DDoS happens when hackers intently block access to a website or online service by overwhelming the host with traffic from multiple sources. With millions of connected devices actively collecting and transporting data online, it’s easy to see how that connectivity can be exploited for DDoS attacks. Service providers are taking this seriously by establishing international information security standards and must also proactively prioritize information security in IoT discussions.
While IoT has a promising future across various industries, there are many bridges to cross along the way. Demystifying IoT terms and acronyms in an effort to improve understanding is one. Another is that while cloud computing and big data systems can produce meaningful connections, insights, and analytics, this phase of the IoT has yet to be fully realized.
Keep your ears open for developments in this next big conversation, as it’s certain to impact business success within the Internet of Things. And visit the Numerex website for more information and follow us on Twitter to keep a pulse on what’s happening in the world of IoT.