Category Archives: Internet of Things

One small step for technology, One giant leap for business

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IoT

First there is hype. Then there is fear. Then acceptance.

This is the story of new technology. Over the years, it has been played out time and again. Floodgates of excitement bursting with the possibilities of a new transformative technology, giving way to dark apprehensions during a cycle of testing, early adoption and enhancement; and finally resting with widespread belief in its power to bring big positive change.

It is no different with the Internet of Things (IoT). The past few years have been packed with the hype of smart machines communicating with each other, reports of smart consumer gizmos – and more recently of smart workplaces – that promise unprecedented impact. Understandably, this new wave of change is also creating ripples of apprehension as creases such as interoperability or security are ironed out. And yet, the early birds are in and have already begun to rake in the benefits.

The recent IoT Solutions World Congress in Barcelona left no doubt in our minds that we are in the midst of a new revolution. Participants presented ingenuous cases of IoT implementation at their workplaces. We dug a little deeper in a panel discussion I moderated on Smart Factories, to brainstorm the ROI of this disruptive technology, and discovered how smart factories with machine to machine communication and collaboration could progressively reduce costs, increase productivity and boost profitability. It was fascinating to see how “Social Machines”, as coined by one of our Panelists, talk to each other and are able to dramatically improve resource utilization and, in some cases, result in 20-30 per cent reduction in stock levels required to keep supplies rolling.

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Look harder, Simba! Look beyond the surface of IoT

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Tip of the Iceberg --- Image by © Ralph A. Clevenger/CORBIS

 

Smart appliances. Check. Smart cars. Check. Smart homes. Check. Smart cities. Rewind. Smart factories. Stop!
The Internet of Things (IoT) has been in the news for its hype value. Your alarm clock communicating with your coffee machine to have hot coffee ready for you when you step into the kitchen. Your refrigerator communicating your grocery needs to the local grocer. Your mobile-controlled thermostat, your fitness trackers, drone cameras…yes, even Uber cabs!

All great stuff. But let’s look a little deeper. IoT is much, much more. It’s critical to business! And that is where it is going to be a true game changer. As GE CEO Jeff Immelt cautioned participants at the recent Minds + Machines summit, “If you went to bed last night as an industrial company, you’re going to wake up this morning as a software and analytics company.”

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Securing the Internet of Things

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IoT Security

Internet of Things (IoT) revolution is gearing up to dramatically alter various industrial sectors of the economy including Manufacturing, Healthcare, Energy, Transportation amongst others, which together account for nearly two-thirds of the global GDP. While this latest technology wave promises to bring unprecedented opportunities to business and society, it also opens up the doors for various vulnerabilities and security threats, which if compromised can lead to damaging consequences. We have already heard news of baby monitors, medical gadgets, smart lights and even autonomous cars being either hacked or proven vulnerable.

According to Gartner, about 26 Billion devices will be connected by 2020. This is a phenomenal jump from about 4.9 Billion connected devices today in 2015. Along with the exciting possibilities this five-fold growth brings, this also gives hackers 26 Billion targets to infiltrate the network. As more and more devices are connected, the network is becoming increasingly fragile. Unfortunately, the speed with which innovation is happening means that security is often being added as an afterthought rather than being built-in from the start, leaving vulnerabilities for hackers to exploit. This is no small problem. A key part of the IoT is not only inventing the sensors and connecting the systems but also securing the plethora of data that passes back and forth.

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Three steps for the IoT to grow up, get out of the house and into industry

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IOTThe IoT will soon leave the world of bedroom fanatics behind, says Sukamal Banerjee, EVP, Engineering and R&D services, HCL Technologies

The Internet of Things (IoT) was the most hyped technology of 2014 according to Gartner, and it’s easy to see why. Cisco’s recent IoT study suggests that the number of connected devices is expected to grow to 50 billion by 2020, leading to a global economic impact of $10 trillion.

Connected devices are set to change the very fabric of the world we live and work in. However, the buzz around gadgets such as connected fridges and smart kettles being developed by consumer goods manufacturers have been a distraction from the IoT’s true potential. Indeed, recent research from Embarcadero Technologies revealed that just 16% of those developing IoT solutions are targeting consumers. Read More

Internet of Things | Translating Possibilities into Realities

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internet-of-things

Our world is undergoing through the next wave of industrial revolution by rapidly connecting people, processes, data, and things in ways that were unimaginable just a few years ago. The Internet of Things (IoT) is at the heart of this revolution. IoT revolution has arrived earlier than expected, it will grow faster than expected and in many ways that are un-expected.

So, what does IoT mean?

Technically, IoT refers to the universe of intelligent products, processes and services that communicate with each other seamlessly creating ubiquitous connectivity between humans, systems and systems of systems. A new generation of these smart products and services is based on the two pillars: connectivity & intelligence and is leading towards creating new engineering experiences for collaboration between humans and machines. Read More