After reading many answers about IoT, we found that many people have many misunderstandings about the concept of IoT, so we have organized some of these misunderstandings, take a look at:

Myth #1: Internet is the essence of the Internet of Things

Not. The Internet is just one of the technical means that happens to be visualized. Following the same logic, I can similarly claim that sensors or artificial intelligence are the essence of the Internet of Things. According to this thinking, say anything that is Internet-enabled is an IoT product?

In reality things are not that simple. For a product to be IoT, it is not just a matter of being connected, it has to be a smart and connected product. Smart connected products have three core elements: physical components, intelligent components and connected components. The smart component amplifies the functionality and value of the physical component, while the connected component amplifies the capability and value of the smart component, leading to a virtuous cycle of increasing value.

Physical components include the mechanical and electrical components of a product. Examples include the engine, tires and battery of a car.

Smart components include sensors, integrated processors, data storage, controls, software, and often embedded operating systems and user-operated interfaces. Examples of smart components for automobiles include engine control units, anti-lock braking systems, rain-sensing windshields with automatic wipers, and touch-screen displays.

Connectivity components include ports, antennas and protocols that support wired or wireless connections to the product.

Smart Connect products support a new set of product functions that can be grouped into four areas: monitoring, control, optimization and autonomy. Each of these functions is valuable in its own right and lays the foundation for the next level. For example, the monitoring function is the basis for product control, optimization, and autonomy.

Myth #2: Networking for Networking's Sake, Collectively Architecting the Internet of Things

Many company owners find that a competitor has an IoT system, or because there is policy support, so everyone irrationally architects the IoT system. There is no competitive strategic thinking at all. As a result, they do a good job and find that they have invested a lot but not brought any benefit.

Therefore, before this must go through careful decision-making, networking to generate more value than the cost to be profitable, have the Internet of things to make sense. For example, A.O. Smith has developed fault monitoring and notification features, but water heaters are long-lasting and reliable, and few households are willing to pay enough for these features. As a result, A.O. Smith only offers them as an option on a few models.

Myth #3: IoT is just collecting and transmitting device data

IoT is not just about collecting data from some sensors and PLCs and sending it to the cloud. For example, you can remotely upgrade the software function of the field product, and keep iterating to enhance the product software function without changing the physical form. Or you can make parameter changes remotely. Remotely optimize the process parameters of the on-site equipment.

Myth #4: The more data collection, the faster the better

Many customers are paranoid that the faster the frequency of equipment data collection, the better. But in fact, data is not information. Data has no value, information has value.

Myth #5: Pursuit of cool visualization interface

In many cases, many IoT systems only have simple remote monitoring functions, which do not bring much value, so they have to make efforts on the surface of the user interface. IOT system that does not bring value is reduced to the pursuit of cool display effect of the exhibition of large screen interface.

Myth #6: IoT is to network the objects in life

In addition to smart home, smart speakers, smart home appliances, smart travel, etc., the world has a lot of things outside of daily life to be intelligently connected as well. PLC, robots, CNC machine tools in the workshop, mining equipment under the ground, all kinds of farm machinery, aircraft engines, car networking.

Myth #7: Wearable devices are for people to wear

In addition to people, there are animal wearable devices, machine wearable devices.