When organizations are contemplating bringing a new IoT product to market, the questions typically asked are: “Do we build our own platform and then develop our IoT product? Or, do we develop our IoT product on a platform that already exists?” Considerations for Building an IoT Platform Here are some common requirements to consider when developing an […]
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What should IoT 2.0 look like?The phrase data rich and information poor (DRIP) was first used in the 1983 best-selling business book, In Search of Excellence, to describe organizations rich in data, but lacking the processes to produce meaningful information and create a competitive advantage. We now live in a world where IoT is exploding exponentially […]
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IoT Business Opportunities Verizon’s IoT initiatives highlight key applications of the technology as well as the business opportunity it presents OEMs. Customers were requesting Condition-based Maintenance (CBM) and Critical Asset Tracking (CAT) solutions. Verizon had similar business challenges that OEMs face with the desire to either save money or make money with IoT. David Vasquez […]
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We’re living in a world where the things around us are becoming smarter. Thousands of internet of things (IoT) sensors on industrial equipment, embedded in city infrastructure and packaged into today’s products, are collecting data. That data helps unlock insights that can optimize operations, improve customer service and drive innovation. It’s possible for a manufacturer, […]
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The Buzzword of 2021 is “AIoT”, which stands for a blend of Artificial Intelligence with the Internet of Things. IoT is capable of capturing tremendous amounts of data from multiple sources. However, it is a significant yet highly complicated task to process and analyze this data. Artificial Intelligence enabled IoT can empower machines to utilize […]
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Industrial facilities face an avalanche of data from connected sensing, automation, and facility systems. In most modern industrial applications, this data sits idle or underutilized. The emergence of IoT devices has added to this flow of data. By 2025, there will be 75 billion IoT devices worldwide–over 40 percent of IoT and automation devices in […]
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IoT has dominated the technology discussion in recent years, inspiring the imagination of the media, politics and the economy. While there was a lot of talk of possibilities and use case scenarios during this time, many companies are still struggling with the implementation. On the whole, companies can work more productively, more cost-effectively and more […]
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It is already clear that centralized cloud-based architectures cannot exclusively manage the billions of IoT devices predicted to exist in the coming years. Edge computing is now accepted as a critical part of managing and making sense of the huge amount of raw data being produced. However, this isn’t the end of the story! To […]
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Does the Internet of Things (IoT) provide a Silver Bullet for a Smart Industrial Environment?……Spoiler Alert: No, it doesn’t. Introduction The promise of the Internet of Things (IoT) is wide-ranging and, in essence, seemingly endless. Whether you’re interested in creating a smarter industrial facility, reaping the benefits of operational efficiencies, or curbing energy-related costs, the […]
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McKinsey’s Global Institute predicts that IoT will have an economic impact of around $11 trillion by the end of 2025. The growing demand for automation, centralized monitoring, and predictive maintenance are leading the IoT technology most prominently in the manufacturing industry. With issues like abrupt outbreaks, disasters, and conflicts, manufacturers are increasing their search towards […]
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I personally cannot remember another telecommunications rollout quite like 5G. For every article which heralds the next-generation capabilities of this network, there is another which warns of its dangerous potential. Meanwhile, for the rest of us, it is hard to know at what point between these two extremes lies the truth.So, as the new year […]
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Imagine this: You’re at your office desk when the fire alarm sounds, and you start heading towards the nearest exit. On your way out, you wonder where the potential fire is located – are you headed the safest route? Will the fire department know where to go? Meanwhile, the fire department is in transit, they […]
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