Something Which Will Impact The Economy †Myassignmenthelp.Com

Question: Discuss About The Something Which Will Impact The Economy? Answer: Introduction The internet of thing has been a rapidly growing practice which many organization are venturing into. There has been enormous efforts in order to trigger on this trend, and many are seeing it as something which will impact the economy in the forthcoming future (Atzori, Iera Morabito, 2010). The technology that is underway for the internet of things is the asset tracking system. Currently, the GPS system have been well known when it comes to location tracking system. These system have no capability of pinpointing exact location of an entity or perhaps a building (Atzori, Iera Morabito, 2010). To be able to achieve this there is proposal of a smart asset tracking system which is capable of tracking the location of the objects, personnel within the building or the facility or even the goods. Description of the project The current system that is underway make use of the rf technology alongside the internet of things in order to achieve this system operations. This system has the capability of showing the exact location of an object or an entity to the exact room that it is operated in. the system uses the mini rf circuits which are used for the tracking of the devices (Xia, Yang, Wang Vinel, 2012). There is use of the tracking microcontroller which are based on the circuits in order to track on the rf circuits. The tracker circuit are usually powered with the battery circuits which are mounted on the objects or the entities (Weber Weber, 2010). The monitoring circuits are then placed in the individuals rooms. When the tracker objects enter into any room the tracker circuits comes to the range of two to three meters of the monitoring circuit for that room. The monitoring system is then able to transmit the location of the tracker circuit to the online system (Weber Weber, 2010). The internet of t hing Gecko handles on the IOT tracking part and the transmitted data is displayed by the internet of thing Gecko to pinpointing on the room to which a given object or the entity is located. Pros for the internet of thing asset tracking system The advantage of the internet of thing project is that it is useful for monitoring. Knowing the exact location of an object or entity could provide information that was not possible to collect previously. Moreover, monitoring on the exact location of an object could help an individual to locate it much quickly (Wortmann Flchter, 2015). Secondly, the advantage of this IOT project is that it saves time when comparing the other tracking system. This system has an embedded Gecko part which help on the tracking. Cons The disadvantage of this system is on use of this system is the issue of complexity. When it comes to the complex system, there may be more opportunities of the failure particularly when it comes to the internet of things, the failure could sky rocket further (Wortmann Flchter, 2015). Additionally, there are issues of privacy and the security. When it comes to the internet of thing projects such as this project, the data which will be tracked and transmitted could be at a risk of losing its privacy. Conclusion The internet of things trend is running very fast and it is becoming a reality. It is essential that individuals should demand the public access to the technological knowledge in regards to the internet of things. The technology is moving faster as compared to the development of the legal measures as well as action to regulate it. The IOT Asset tracking system is a project which has been underway and it has become useful when it comes to the GPR and the tracking system. The use of this smart tracking system will be a major shift to the economy. References Atzori, L., Iera, A., Morabito, G. (2010). The internet of things: A survey. Computer networks, 54(15), 2787-2805. Weber, R H., Weber, R. (2010). Internet of things (Vol. 12). New York, NY, USA:: Springer. Wortmann, F., Flchter, K. (2015). Internet of things. Business Information Systems Engineering, 57(3), 221-224. Xia, F., Yang, L. T., Wang, L., Vinel, A. (2012). Internet of things. International Journal of Communication Systems, 25(9), 1101.