The Internet of Everything is the ultimate level form of the Internet of Things. The result of digitizing the objects in life is a huge amount of data that needs to be stored and transmitted. This paper will briefly introduce the IoT and the current status of data processing. Different coding methodologies, Reed Solomon (RS) codes, Low-Density Parity-Check (LDPC) codes, and Low Complexity Parity Check (LCPC) codes will also be explained in detail from their encoding and decoding aspect. Then different codes are specifically analyzed for their usage scenarios in IoT data transmission and storage based on their particular characteristics. In the experimental section, different codes are compared from different perspectives. The main comparisons are made in terms of memory usage, operation time, energy consumption per bit of encoding, and error correction performance. The results of the analysis are RS code is simple but lacks error correction, the LDPC code has good error correction but is more complex, LCPC code strikes a balance between power efficiency and performance.