Applications and Challenges of Internet-of-Things- A Survey

The Internet of Things (IoT) is the next trend of innovation that potentials technical, social and economic significance. As a fundamental apparatus to connect devices and to act as a common enabler of the hyper-connected society, the Internet of Things has a great prospective to support an ageing society, to improve the energy efficiency and to optimize all kinds of mobility and transport. Everyday products, goods, transport vehicles, industrial and utility components, sensors, and other objects used on daily basis are being combined with Internet and useful data analytic potentials that guarantee to change the way we work, live and survive. The data these devices report can be collected and analysed in order to reveal insights and suggest actions that will produce cost savings, increase efficiency or improve products and services. At the same time, security of Internet of Things raises significant challenges that could stand in the way of realizing its potential benefits. This paper tries to put an insight into the architecture, challenges applications and future scope of IoT in various fields.