January 31, 2014 -
The “Internet of Things” can be defined as a diffuse layer of devices, sensors, and computing power that overlays the entire Internet.
Traditionally, the Internet has been defined only by computing and networking equipment, but now the “Internet of Things” paradigm proposes the inclusion of a wider array of devices, once overlooked.
This new paradigm will potentially connect any electro-mechanical device to the Internet with identifying devices or machine-readable instruments. For instance, business may no longer run out of stock or generate waste products, as they could know exactly which products consumers need. A person’s ability to interact with objects could be altered remotely based on immediate or present needs, with this in mind.
Biometrics Research Group, Inc. estimates that the “Internet of Things” will account for an increasingly large number of connections, from nearly two billion devices today, climbing to nine billion connections by 2018.
The “Internet of Things” is possible through a framework of “structured extensibility”.
Structured extensibility extends networks by integrating a broad range of technologies into a network of economic relationships. The network logic is based on information grids that are in turn, based upon distributed and ubiquitous computing facilities that connect industries and markets, increasing the rate of potential economic growth.
Ubiquitous computing is a paradigm in which networked computing resources are extended beyond traditional conceptions of computing. Users augment their computing and communication capabilities with a range of computing devices, which potentially allows the network to become an infinitely accessible environment for those specific users. Resources are mobile and have both hardwired and wireless connectivity.
In such a scenario, computer services and devices make use of information processing that can be easily obtained through nearly any microprocessor-based device. The benefit of structured extensibility is based on the fact that computers, consumer electronics, sensors and computerized networks are increasingly pervasive. The growing use of computers as a part of a larger collection of devices leads to a change in perception in which computers are not just singular machines on a single network. Instead, computers are implanted into a wide array of everyday devices and all of these devices are bound together by a broad range of communication technologies, providing the infrastructure for these devices to be tools of greater economic integration.
The process of structured extensibility allows all these devices to interact, creating new technological arrangements, in which information is created and exchanged. This new framework leverages web services, which are technologies designed to give consumers a greater level of interactivity through this network of devices.
Applications that cannot be accessed except by following rigid, traditional computing approaches are made accessible using the same infrastructure that enabled the widespread use of web technologies. The result of this is that enhanced Internet services are no longer restrained to computing devices. A new generation of Internet services, based upon web services, extends commercial and financial services to a wide host of consumer electronic devices and even biometric sensors.
Biometric Research Group, Inc. estimates that a growing proportion of “Internet of Things” devices will be constituted by biometric sensors. We conservatively estimate that biometric sensors, which includes work time management and premise security entry consoles, will total at least 500 million “Internet of Things” connections by 2018.
Such technologies will seem like normal commercial security systems, but will be linked to the internet, and will become a part of the “Internet of Things”. A primary concern will focus on securing the data generated by such biometric sensors used for personnel authentication or premise security. Our research group sees a growing revenue opportunity for security vendors catering to biometric sensor manufacturing value chain.
Biometrics Research Group provides forward-looking and systematic data about the global biometric market, allowing industry stakeholders to calculate political, economic and investment risk.