Is the Internet of "Intelligent" Things (IOIT) becoming a whole new ballgame?

The internet of things is way ahead and gaining worldwide attention due to incredible advancements in it as time passes. The data is becoming more than the size of a Hulk due to the numerous connected data endpoints which give the most unparalleled insights. So, the question arises how we can tap the most of this generated data from all possible data streams? The answer is Artificial Intelligence – the new concept is the internet of intelligent things.

So, what are intelligent things?

We all know about the internet of things technology as it has become well known. IoT mentions the billions of Internet-connected devices all over the world. But, the whopping numbers of data that is continuously streaming through these devices is a considerable task to handle. So, here is where the internet of intelligent things saves our burden.

Earlier, experts have said that there should be more work on the utilisation of the internet of things where artificial intelligence would help in building better solutions. So, in recent years it has been pretty clear that IoT networks become more intelligent when combined with other autonomous technologies like machine learning and artificial intelligence. AI makes higher use of the extensive connectivity and more significant data streams which IoT devices can handle well.

What are the benefits that the AI provides?

 Different solutions exist which can evaluate and understand IoT data, but machine learning and artificial intelligence can draw more detailed insights from this data and plan rapidly. Artificial intelligence can spot unusual patterns with higher accuracy with computer vision and audio recognition, thus, removing the need for a human reviewing system. Almost every business is aware of the benefits of IoT, but the enormous advantages of intelligent things are emerging right now. Enterprises can operate in unparalleled ways with intelligent things, consider three examples below –

Quicker responses

It is evident that the internet of things can help businesses in monitoring the operations at a detailed level and having deep insights into the daily activities of differently-sized companies. Nevertheless, there cannot always be a rapid reaction to this enormous data. With the help of artificial intelligence, businesses can be quick in reacting to the situations because AI crunches data at a faster rate and deeper perception.

Consider the example of Fujitsu has shown the use of intelligent things by getting alerts when the workers’ productivity drops, the reason being the heat stress.

Many banks can evaluate AI-enabled real-time data of usage of ATMs, with the analysis of automated CCTV footage. This analysis can result in tracking the fraud transactions and fraudsters.

Preventing failures and doing early maintenance

Industries can easily and quickly respond if any equipment fails. They don’t have to rely upon any human inspector or supervisor to notify them of any mishap, or any failure in a piece of equipment. All these happenings are reported promptly and the site gets an instant response. In fact, the AI-powered IoT technology can prevent the mishaps or failures from happening.

Consider the example of an Australian utility organisation. It is harnessing the power of prediction-based analytics which can use IoT data streams for predicting which reasons can cause a failure in an equipment/device. This helps in reducing the costs of heavy repairs by taking preventive actions early.

Upgraded level of efficiency

The vast number of data streams that IoT endpoints provide allows businesses to measure the performance of every component in depth. But, if someone needs to tap knowledge from all these streams at a faster rate, then intelligent computing is the answer.

Now, here consider Rolls Royce for example. It is using AI-powered computing for analysing the data coming from aircraft engines. With this data, Rolls Royce can make modifications in design and operations to reduce fuel consumption and get powerful performance.

Utilising the internet of intelligent things

It is crystal clear that IoT endpoints can give real-time data groups that bring superb advantages for businesses in a wide array of sectors. But, leveraging this data to acquire benefits is the real challenging task.

Though the impact of AI on our day-to-day lives is astonishing, we are still to witness the real combination of the internet of intelligent things and artificial intelligence, yet. It can prove as a real game-changer for almost every industry. To tap the real potential of IoIT (internet of intelligent things), you should have someone knowledgeable enough to guide you on harnessing the power of connected devices in full throttle.

Are You Aware and Prepared for Cloud Computing Trends, 2019?

It is hard to believe that the days when the cloud was considered unstable and risky were not so old. But, the things changed in a mere five years, and the cloud became an integral part of our personal and business life. We can put a glance at our lives and easily notice that the dominating things are all cloud-based solutions, as every device is internet-connected. As per a report of IDC, by 2020, almost 70% of the expenses on services, software, and tech will be cloud-based. This statement implies that cloud technology is here to stay and grow forever, and therefore, you should make it a crucial element of your organisation. You should not be dealing with SaaS necessarily for that. We should always stay in the know of which things will affect our lives, be it professional or personal. Hence, this blog showcases the upcoming cloud technology trends in the year 2019, which you should be aware of. You can go through the below list and know what the year 2019 is bringing to us. 

1.      Brace the New and Diverse Solutions

A vast range of cloud technology and service adoption causes diversity in techniques, service delivery, and management models. Earlier, the enterprise cloud solution was neither a legacy ‘cloudwashed’ (just labelled as a cloud-based solution to keep up with the hype) solution nor a hyper scale standardized solution (which could not meet the business requirements adequately). So, to solve this dilemma, various solutions came into the market and businesses were able to choose an appropriate solution as per their needs. The solutions were a blend of different services having numerous characteristics of hyper scale and on-demand solutions.

2.      Improvisations in the Security

Earlier there was a threat in moving to the cloud, and some industries still think that they wouldn’t be secure after migration. Initial stages of cloud technology were very unstable and haywire as this happens with any new technology. Due to this, the businesses were reluctant to give their hard-earned data and money into the hands of someone naive.

Now, the times are changing as the cloud solutions and services are absorbing the inputs from the needs of the consumers and improving on that basis. Even if it is evident that nothing is 100% safe and secure, still the upcoming critical risks are becoming addressable. As the threats are new, so are the solutions to tackle them. Therefore, businesses are now focusing more on the efficiency of the solution so that it fits into their critical business needs. Companies are becoming more mature using cloud-based services and solutions, technical issues, and the issues which mostly no one could address.

3.      The Quantity of Cloud-Based Solutions is Increasing Rapidly

The below stats show how much the quantity of cloud-based solutions is going to increase –

•    As Bain & Company claims, by 2020, subscription-based SaaS will be rising by 18% CAGR.

•    As KPMG claims, in 2019, the businesses investing in PaaS will be 56% thereby, making it one of the rapidly-growing sectors.

These facts imply two things –

Firstly, businesses can choose from a varied and huge array of services and solutions and customise them according to their business needs.

Secondly, the enterprises in the business of providing cloud solutions and services need to be more careful and have to stay ahead than the rivals, as the competition is dense. Almost anything can be given as a service now, and this fact makes cloud computing business, a game of thrones.

4.      Hybrid Cloud is the New Go-To Solution

The concept of a full-blown cloud solution for the complete organisation may sound easy and fascinating, but in reality, a significant number of businesses find it more challenging than it was imagined.

But now, the hybrid cloud solutions are letting the businesses make migration easy and fast. Further, it reduces the probable security threats and of course costs.

5.      New Models have More Weightage

More than 75% of enterprises expect that a cloud-based solution can quicken-up the IT-service delivery rate. Cloud-based technology was primarily thought of as a mere cost-reducing solution which could let people avoid the expense of creating IT infrastructure on their own premise. They could anytime use the services from the third parties. Cloud computing has come a long way and became a new milestone as it is now a part of every industry.

Right now, it is standing on its own as a self-sufficient business model and not as a supporting one. Businesses know that cost-reduction is not the only advantage that cloud provides, but, the flexibility, scalability, speed, and adaption to requirements are the key factors. 

6.      Re-evaluation of IT Departments

Rapidly growing investment into the cloud market has compelled a significant number of enterprises to rethink on the role of their IT department. This era demands that the otherwise isolated IT department should interact with every other department and collaborate with them. The current model emphasises the influence of information technology’s work on the functioning of other departments. This means that owners need to hire cloud-centric people for their IT department so they can reposition their staff.

Concluding on Cloud Technology Trends –

The cloud technology is there to solve your problems, and it is going to evolve more. You cannot deny the fact that cloud is indeed a vital part of our lives. Its vitality is going to rise in the coming years. Now that, companies deeply understand the technology trends in cloud computing, they can make correct decisions. They are preparing for future as everyone wants to stay ahead of the competitors. Choosing cloud technology is guaranteed to take your business to the next level. There are solutions and services for your needs. So, choose wisely!

The Contribution of IoT in Automation Industry

Growing technologies and expediting innovations are constantly changing the makeover of the world in some form or the other. One such technology is IoT (Internet of Things). This blog/article discusses the growth of IoT in the automation industry.

It is quite obvious that IoT is responsible for bigger changes in the life which we hardly imagined. It also plays a key role in the automation industry as it helps in creating and streamlining productive, responsive, and affordable system architecture.

IoT

Simply putting the definition, IoT connects different devices via the internet and therefore we can share data which automates the business processes comprehensively. Automation industries especially the distribution and manufacturing industries have to use a huge amount of sensors into devices, so connecting them with the internet helps in reducing the production cost, time, efforts, and enhancing lean manufacturing. IoT framework lets the conversation happen directly between interfaces of machine-to-machine which eases the process of data transfer. Quality checking has become easier than before because equipment and processors can monitor faults in the devices.

IoT is the Key Player of Smart Device Manufacturers

The supreme factors in the IoT industry are actuators and sensors. These work on the measurement of physical variables which are following the commands from magnetic, thermal, or physical detectors and these are the major components. The impact of IoT rose because of its ability to use devices to their fullest capacity at an exceptional level. The goal of leveraging IoT is to make devices communicate effortlessly and without friction. Some examples can be smart lights, smoke detectors, and thermostats.

This is the era of smart manufacturing. Standard optimization and seamless harnessing of data are essential things to manufacture smart devices. The business practices are becoming error-proof and yielding maximum results due to the IoT revolution. Since IoT got applied in manufacturing industries, it became IIOT meaning, Industrial Internet of Things or Industry. As per a report of Business Insider, when 2020 ends, you will find that the number of IoT devices got humongous increase up to 923 million! This figure was 237 million in 2015. Many big players are in the race of manufacturing smart devices with IoT.

The manufacturers have a lot of benefit from IIoT even they aren’t aware of. Those benefits are –

· Handling any factory is not easy and several factors are essential for smooth functioning. The journey from the precise functioning of machines to completing the goal of quality standards, everything needs to be analyzed. With the help of IoT, the makers can process the sensor signals after capturing more effectively. If any fault appears in the machine, then this can be easily predicted without hiring any special team to check for machine impairment.

· Business runs on assets, whether they be tangible, intangible, or current, they are most essential. Real-time tracking of assets is a big issue as enterprises work from remote locations, therefore, several factors affect the connectivity. Due to IoT, it becomes easy to track devices, stocks, and many other resources. The IoT powered solutions like ERP system is able to remotely trace the devices and machines. This feature helps in reducing costs and risks and also creating lots of revenue channels.

· Any business can run great if their product quality is superior and hence owners focus on the same. A high quality of products results in high sales, less wastage, and an increase in the productivity of employees. But, you cannot achieve this if your manufacturing machines are faulty. IoT is here to help, you can calibrate and sustain your machines through IoT and ensure that your production and product quality doesn’t go on the degradation road. Any fault or change in the device, equipment, or machinery can be sensed and alerts can be sent by which you can take immediate and appropriate actions.

· Extremely low downtime is what every business owner desires and that you can achieve with IoT. As mentioned above, the capability of IoT to detect the issues through sensors can help in resolving them. Internet-connected devices can improve the performance and reduce the losses caused by downtime.

How Can You Stay at the Top of the Market Graph?

Every company in the manufacturing arena wants to stay ahead of the competitor in the market along with retaining the old customer base. Though, the technology is evolving and so the demands of the customers are also changing. This change can reflect on the production process flow and the complete business. The organizations can stay ahead than the rivals when they adopt IoT in their manufacturing techniques and products. The organizations can strategize better with effective and enhanced strength. If you stay at the top, you can market your products in more quantity and in a faster way.

The Combination of IoT and ERP

Yes, that’s an important thing you can do to ease out your workload on the next level. If you get confused on while maintaining the stocks, purchases, sales or if you worry about keeping up with the technology, then you should choose an ERP software for automating the industrial process. ERP software integrated with the IoT devices can make your life easier.

Concluding, IoT enables businesses to gain more visibility, collaboration, ease of work, and streamlines it; thus helping the business to grow.