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Weekly Digest on Internet of Things

ManagementTeamMouli1

Kavitha Gopalan

Blockchain-based IoT project does drone deliveries using Ethereum
Chronicled, a San Francisco-based technology company that is currently developing a blockchain-hosted registry and protocol for the Internet of Things (IoT), has unveiled a prototype drone delivery system using Ethereum.

A video shows a drone equipped with a secure blockchain-registered BLE identity chip which is able to self-authenticate with a computer-controlled window and gain access to a private residence in order to deliver a package.
Find out more on this post from IBtimes

Autonomous boats: self-driving in Amsterdam
Amsterdam: a quaint city overflowing with charm. After a recent visit, I fulfilled all of my dreams: riding bikes, visiting the Anne Frank house, and eating endless waffles. At the point when I had to slow down, I sat and watched the boats filled with locals and tourists roll by, and the question came to mind: What if the boats were self-driving?

MIT is joining forces with the city of Amsterdam to bring the world’s first fleet of autonomous boats. Over the next five years, they hope for these boats to become commonplace within the city’s canals, used for the transportation of people and resources as well as keeping track of the environment.
Find out more on this post from IBM

How IoT logistics will revolutionize supply chain management
OThe combination of mobile computing, analytics, and cloud services, all of which are fueled by the Internet of Things (IoT), is changing how delivery and fulfillment companies are conducting their operations.

One of the most popular methods for fulfilling deliveries today is through third-party logistics, which involves any company that provides outsourced services to move products and resources from one area to another.

But the IoT is going to change how this process operates.
Find out more on this post fromYahoo Finance

Repurposed sensor enables smartwatch to detect finger taps and other bio-acoustic signals
A smartwatch is capable of detecting and distinguishing a variety of taps, flicks and scratches by the hands and fingers, and all that’s required is a software upgrade that repurposes the device’s existing accelerometer, Carnegie Mellon University researchers discovered.

This new functionality makes possible new applications that use common gestures to control the smartwatch and, ultimately, other objects connected through the internet of things. By monitoring vibrations that occur when people hold objects or use tools, the smartwatch also would be capable of recognizing objects and activities.
Find out more on this post from Phys.org

The answer to Internet of Things madness? Open source, of course!
The IoT market is so diverse, with every product seemingly requiring its own app (and sometimes its own hub), that it has actually started to hold the market back. What’s worse is that consumers’ number one concern – security – suffers. Most products use and store your home Wi-Fi as a way of communicating, but sloppy security has repeatedly made those authentication details accessible, opening up your entire home’s system to attack.
Find out more on this post from Theregister.co.uk

internet-of-things

Weekly Digest on Internet of Things

ManagementTeamMouli1

Kavitha Gopalan

Calm, cruel and connected: August’s best and worst of IoT
Regular travelers know the pain of lugging around a wheelie suitcase. It can not only leave you with a stiff shoulder or wrenched arm but also the pain of longing for a hands free experience. Enter a robotic suitcase that utilizes a camera sensor and Bluetooth to follow its owner on their journey. The Cowarobot moves at a speed of 4.5 mph and is equipped for 12.5 miles of walking before needing a charge. It comes with a keyless locking function, can charge your devices and is equipped to dodge obstacles in its path.

This blog covers more of the new IOT products that will blow your mind
Find out more on this post fromForbes

Why a smart contact lens is the ultimate wearable
Smart contact lenses sound like science fiction. But there’s already a race to develop technology for the contact lenses of the future — ones that will give you super-human vision and will offer heads-up displays, video cameras, medical sensors and much more. In fact, these products are already being developed.

Sounds unreal, right? But it turns out that eyeballs are the perfect place to put technology.
Find out more on this post fromComputerworld

Connected barrels: Transforming oil and gas strategies with the Internet of Things
O&G companies can reap considerable value by developing an integrated IoT strategy with an aim to transform the business. It has been estimated that only 1 percent of the information gathered is being made available to O&G decision makers. Increased data capture and analysis can likely save millions of dollars by eliminating as many as half of a company’s unplanned well outages and boosting crude output by as much as 10 percent over a two-year period.In fact, IoT applications in O&G can literally influence global GDP. Industry-wide adoption of IoT technology could increase global GDP by as much as 0.8 percent, or $816 billion during the next decade, according to Oxford Economics.
Find out more on this post fromDupressDeloitte

How automation is transforming the way we do business, and what it means for you
The explosion of the Internet of Things (IoT) has added a level of complexity to IT and Marketing disciplines, providing new use cases to an already extensive array of devices and applications. Engaging customers at different stages of their marketing journey requires creating personalized messaging, scenario-specific experiences and multi-channel campaigns.
Find out more on this post from Geekwire

Smart dog collars could be the next big thing in wearables
The wearables industry has been primarily focused on building devices for humans, but that could change in the next few years, if the excitement over dog wearables with the Link AKC is any indicator.

The smart collar, designed in collaboration with the American Kennel Club (AKC), comes packed with features you would find on a normal human wearable, including a fitness tracker and step count.
Find out more on this post from ReadWrite

What you need to know about the imminent threat of IoT botnets
What do security analyst Brian Krebs, French hosting giant OVH and famous gaming company Blizzard have in common? They’ve all been the recent victims of massive Distributed Denial of Service (DDoS) attacks, assaults that involve disabling online services by suffocating them with automated requests. Krebs’ blog was brought down by an unprecedented 620 Gbps flood, OVH suffered a 1.1 Tbps traffic, and Blizzard’s Battle.net service went offline after a sizeable DDoS hit its servers.While DDoS is nothing new, attacks of this magnitude are, and what’s making them possible are IoT botnets, armies of compromised Internet of Things devices doing the bidding of malicious actors. This means that any connected devices from CCTV cameras installed in streets to a harmless coffee machine sitting in your home can be secretly involved in attacking websites and servers
Find out more on this post fromVentureBeat

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Weekly Digest on Internet of Things

ManagementTeamMouli1

Kavitha Gopalan

How The Internet Of Things Makes Dumb Devices Smart
The real business potential to add value through IoT doesn’t lie in the sensors or the networks that connect them. It exists in the potential of real time big data analytics to transform business operations and improve our lives. Big data analytics and machine learning will deliver personal and business insights and will enable us to make immediate decisions based on that data – rather than relying as we have in the past, on guesswork or out-of-date forecasts.
Find out more on this post fromForbes

Cisco, Salesforce partner on Internet of Things
Cisco and Salesforce are partnering to align collaboration, Internet of Things, and contact center technologies. Specifically, the two companies will jointly develop and market products that combine Cisco’s Spark and WebEx into Salesforce’s Sales and Service Clouds. The integration will integrate chat,video and voice features. More importantly, Cisco’s Jasper IoT platform will integrate with Salesforce’s IoT cloud. The combination should give Salesforce’s Einstein artificial intelligence platform more data and visibility.
Find out more on this post from ZDNet

IoT Success: Sharing Data, Analytics Fuels Growth
The issues of IoT data and what to do with it is the focus on a recent report from the MIT Sloan Management Review titled, “Data Sharing and Analytics Drive Success With IoT.” The key to using IoT data, whether it’s internal or shared with the outside world, is having good analytics capabilities. However, this is where the supply of knowledgeable technology talent becomes critical.

Our survey found the two most common challenges for deriving value from IoT were in the area of data analytics, specifically handling and analyzing the resulting data from IoT devices. The next most common challenge was the need to increase their IoT talent base. These capabilities aren’t yet widespread; this year’s MIT Sloan Management Review analytics report classifies 49% of organizations as analytically challenged.
Find out more on this post from Informationweek

Why Intel Is Betting High On The IoT Market
As Intel’s PC sales have slowed, it has increased its focus on the IoT segment, which is considered to be the next big driver for the semiconductor industry. IoT accounts for less than 5% of Intel’s revenue at present, though we forecast the revenue contribution will almost double over the next five years. This scenario is quite likely considering that the company has been significantly expanding its IoT portfolio through acquisitions.
Find out more on this post from Forbes

Largest DDoS attack ever delivered by botnet of hijacked IoT devices
A giant botnet made up of hijacked internet-connected things like cameras, lightbulbs, and thermostats has launched the largest DDoS attack ever against a top security blogger, an attack so big Akamai had to cancel his account because defending it ate up too many resources.An IoT botnet generating this much traffic is a bellwether event that Ellis says will take some time to analyze to come up with more efficient mitigation tools.
Find out more on this post from NetworkWorld

Which vendors are winning the fight for Internet of Things supremacy?
As outlined in Technology Business Research findings, commercial IoT ecosystem revenue grew 18.3 per cent year-to-year in 2Q16, with cloud services remaining the industry’s fastest-growing segment year-to-year at 67.2 per cent due to vendors’ evolving need for platforms, processing and storage.

According to research, vendors with incumbencies in IT and consulting are the leaders, with IBM, Hewlett Packard Enterprise, Cisco and Microsoft emerging as the top four
Find out more on this post from ARNNET

Complementary Technologies Enabling Effective IoT Solutions.
These IoT based deployments / solutions can be realized using variety of technologies. Every technology comes with its own unique advantages, but it is important to note that each of them also has some disadvantages. The solution deployments are highly effective when complementary technologies are used together.
Find out more on this post from PAASMER

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Weekly Digest on Internet of Things

ManagementTeamMouli1

Kavitha Gopalan

The IoT Is Coming To Healthcare
Price Waterhouse Coopers suggests the market for connected healthcare will grow to $61 billion by 2020.
Qualcomm Life quietly developed the 2Net open device network, and a suite of connected medication dispensers, biosensors and self-care glucose meters. Philips HealthSuite is an open, cloud based platform for healthcare systems, providers and individuals. The marriage of the two creates one massive, scalable ecosystem. It will also create a lucrative new niche medical business as providers move care from costly emergency rooms to the home.
Find out more on this post fromForbes

IBM’s Watson IoT hits the skies with Aerialtronics drone deal
Drones using artificial intelligence soon will be everywhere, monitoring crowds at major events, checking out traffic patterns on busy roads, surveying disaster sites and inspecting airplanes. IBM is edging into this airborne safety and maintenance market early, with a deal to bring its Watson internet of things technology to unmanned aircraft systems Data captured by high-resolution drone camera lenses will be fed into IBM’s visual recognition application programming interfaces (APIs) and services on its Watson cognitive computing and Bluemix cloud-based analytics platforms.
Find out more on this post fromComputerworld

Internet of Things Pushing AnalyticsCloser to Edge Computing
It always doesn’t make sense to accommodate all the intelligence for the systems in data centers, as the Internet of Things starts generating data from far-flung sensors and automating remote equipment.

The alternative found for this is edge computing, where smaller systems placed on the site in factories or other facilities will make a good judgment of IoT data and act on it. There seems to be a chance that the components of edge computing like gateways can shorten response time or just filter out sensor readings which don’t matter so they won’t add burden to the network.
Find out more on this post from Techfacts

How the IoT is creating ‘precision farming’
Moo-ve over, runners and joggers – you’re not the only ones who are wearing a Fitbit, Jawbone or the Vivofit. Fujitsu has come up with its ‘Akisai’ cloud for agribusiness, of which the centrepiece is undoubtedly the connected cow.

When cows are in heat, they walk more, so by attaching pedometers to them farmers can identify which ones are ready for breeding.This cloud-based Akisai platform – Fujitsu’s attempt at Software as a Service (SaaS) to increase efficiency and modernise agriculture – could replace farmers with data scientists.
Find out more on this post from TechRadar

How the ‘IoT’ will drive innovation and growth
IoT puts more emphasis on integration of sensors, devices and information systems across industry verticals and organizations to transform operations and enable new business models. IoT furthermore aims to facilitate a better understanding of complex systems through analytics based on data from diverse sources to assist decision making, improve products and enable entirely new services.”
Find out more on this post fromTheNextSiliconValley

AI adoption coming quickly to the enterprise sector
Narrative Science has released a new report based on a survey of 235 business executives focused on adoption of artificial intelligence in the enterprise.The survey found that 38% of organizations are already using AI technologies in the workplace. This includes several key types of artificial intelligence systems. Among the most is predictive analytics which takes massive amount of data and analyzes it to find trends and offer predictions about the future based on that evidence.
Find out more on this post from ReadWrite

How to choose your IoT Platform Architecture?
There are more than 300 IoT platforms in the market today and the number is continuing to grow. However, as discussed not every platform is the same – IoT platforms are being shaped by varying entry strategies of different companies trying to capitalize on the IoT potential. Innovative Startups, hardware and networking equipment manufacturers, enterprise software and mobility management companies are all competing to become the best IoT platform on the market.
Find out more on this post from PAASMER

Stackable, IoT-enabled dumpster homes to address urban housing crisis
KASITA is a smart, IoT-enabled micro-home designed to fit in the heart of a city or in someone’s backyard. Somethingstraight out of the sci-fi novel Ready Player One (also a product of Austin), these rectangular stackable shelf-likestructures are more than 300-square-feet large, and have generous 10.5 foot ceilings. According to thecompany, individual homes fit in a single-unit “cradle,” whilemulti-home racks stack up to ten floors high.
Find out more on this post from RCRwireless

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Weekly Digest on Internet of Things

ManagementTeamMouli1

Kavitha Gopalan

AI Comes to Work: How Artificial Intelligence Will Transform Business
AI has been around for decades— and experts say the rumors of a forceful robotic takeover are exaggerated.X“Instead, they see AI as an indispensable tool for supporting humans in virtually every aspect of life, especially in commercial applications. To find out more about how AI is rolling out in business and how it might develop in the future, Business News Daily spoke to industry insiders about the evolution of artificial intelligence.
Find out more on this post from Business News Daily

Verizon acquires Sensity Systems to add LED light control to its IoT platform
While Verizon continues to work towards closing its acquisition of Yahoo to boost its media and consumer Internet business (which also includes ownership of AOL, which owns TechCrunch), the company has made another acquisition to keep building out its enterprise services, too. The carrier has bought Sensity Systems, a startup based out of Sunnyvale (also home to Yahoo!) that has built solutions to help businesses and others convert older lighting systems to connected LED systems, making them controllable remotely. This is a straight push for Verizon’s wider Internet of Things “smart city” business, ThingSpace, which will integrate Sensity’s business and technology.
Find out more on this post from Techcrunch

The smart ice cubes that tell bar staff to order you another drink
The Internet of Things might be about to disrupt a bar near you – and solve a problem you’re likely to have faced time and time again.MARTINI, the world’s leading vermouth and best-selling sparkling wine maker, is trialling the MARTINI Smart Cube.
The concept is simple. A barman places a MARTINI Smart Cube in your drink when serving. The ice cube-shaped device, which is 3D printed, then bobs around until your drink is finished, at which point it senses the lack of liquid and alerts the bar staff, ordering you a fresh glass.
Find out more on this post from WIRED

How Terrorists Could Hijack the Internet of Things
There are already thousands of vulnerable vehicles on today’s roads. Computer researchers Chris Valazek and Charlie Miller have been demonstrating how to hack various car models for years, including a famous 2013 Today Show segment, and a 2015 demonstration in which they took control of a Jeep traveling along a highway at 70 mph with WIRED writer Andy Greenberg inside. Miller has calculated that as many as 471,000 existing vehicles have some exploitable computer vulnerability.
Find out more on this post fromTheFiscalTimes

MasterCard talks Internet-of-Things, Blockchain, payment experience and partnerships
Navigating the digital maze…presents huge opportunities for all businesses including MasterCard, but it also presents some traps that we need to be aware of and we need to deal with as we evolve our businesses

So, winning in digital is extremely complex irrespective of the business that you’re in and certainly not just the case of migrating what you do in the physical world today and making it work online. It’s a lot more complex than that. We’ve an extremely complex and comprehensive digital strategy.
Find out more on this post from diginomica

How to choose your IoT Platform Architecture?
There are more than 300 IoT platforms in the market today and the number is continuing to grow. However, as discussed not every platform is the same – IoT platforms are being shaped by varying entry strategies of different companies trying to capitalize on the IoT potential. Innovative Startups, hardware and networking equipment manufacturers, enterprise software and mobility management companies are all competing to become the best IoT platform on the market.
Find out more on this post from PAASMER

IoT Gives a Face Lift to Mobile Gaming
Another way in which IoT can impact online gaming is through amalgamation with the experience of physical gaming. This isn’t only applicable to casinos but to any game platform which shares a player tracking system. With the kind of games played in casinos nowadays, only the operator generates revenue provided the player is present physically. To reassure this, customer outreach programs and marketing managers spend ample time toboost players to return to the casinos by offering them various reward programs.
Find out more on this postfrom Huffingtonpost

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Weekly Digest on Internet of Things

ManagementTeamMouli1

Kavitha Gopalan

IoT Mid-Year Update From IDC And Other Research Firms
IDC presented on August 4 its annual mid-year IoT review webcast, hosted by Vernon Turner, senior vice president and research fellow for IoT and Carrie MacGillivray, vice president of IoT & Mobile. Here are the highlights:

  • An updated Digital Universe estimate of the amount of data created in the world annually (see above) forecast 180 Zettabytes (or 180 trillion gigabytes) in 2025, up from less than 10 Zettabytes in 2015 and 44 Zettabytes in 2020.
  • Reaching the analytics phase of IoT: The actionable IoT Data–the IoT data that is analyzed and used to change business processes–in 2025 will be as big as all the data created in 2020. To make real time decisions, says IDC, “machine learning becomes important for the machine.”
  • Connected devices: From less than 20 billion today to 30 billion in 2020 to 80 billion in 2025; by 2025, there will be 152,200 new connected devices every minute. “Everything we have of value will be connected to the internet,” says IDC.

Find out more on this post from Forbes

Advantech and Sigfox team up to blanket Taiwan in IoT
French IoT network providerSigfox announced a partnership with Taiwanese manufacturer Advantech on Tuesday.

Advantech plans to build 450 base stations for the IoT network, enough to cover the entire island. The network uses unlicensed radio spectrum, so it should be allowed to operate without government approval.Sigfox has quickly become a favorite among IoT providers, due to the network being inexpensive and scalable. After 50,000 devices, each device costs an average of $1to add to the network; a rate much lower than traditional IoT network providers.

Find out more on this post from readwrite

A future of mobile-centric healthcare could save lives
Picture the scene: an elderly woman with bronchitis is overcome by breathlessness while out for an afternoon shop. Instead of ignoring the problem, she immediately turns to her mobile phone, which is measuring her breathing rate and integrating that reading with other personal health data. The program decides that she needs a GP consultation within two hours, books it at a local walk-in centre and even tells her which bus to catch.

Welcome to the future of mobile centric healthcare. With spiralling costs, demand increases and staffing issues squeezing existing resources, a future of mobile-centric healthcare would increase efficiency – and maybe save lives.

Find out more on this post from Thegaurdian.

The Industrial Internet of Things and Manufacturing In 2016
The Industrial Internet of Things (IIoT) continues to be a hot topic of discussion throughout the manufacturing community. With the promises it offers and the potential to streamline processes, many manufacturers are excited about this concept. However, in a new report released by Genpact Research Institute, 81% of business executives strongly believe that the adoption of the IIoT will be vital for their company’s future success. Unfortunately, it has been found thatonly 25% have a concise IIoT strategy while other businesses don’t have a clear plan in place.

Find out more on this post

IoT security suffers from a lack of awareness
Gaining awareness of devices residing on corporate networks is the first step to building a viable security architecture for the internet of things. The problem? Most CIOs don’t know what’s on those networks.

Factor in the hiding-in-plain-sight machines and BYOD devices, as well as emerging technologies that control office light fixtures, temperature and even window tint, and it’s easy to see how vetting what’s on the network will only get harder for CIOs. Securing internet of things is a primary focus of this week’s Black Hat USA conference, whose organizers told the Wall Street Journal that they received 50 proposals for seminars related to infiltrating devices, including how a computer worm could spread smart lightbulbs, how to hack medical systems, and a new kind of ATM skimming device.

Find out more on this post from CIO

Internet of Things strategies are going from general to specialized and vertical
Qualcomm, Intel and Dell are among the companies moving toward enabling vertical-specific IoT solutions.

Many companies, for example, initially tried to approach IoT with a more horizontal perspective, hoping to find solutions that worked across multiple industries and applications. Fairly quickly, however, most have found that they need to refine and focus their efforts across many separate vertical applications in order to find success.

For example, while connectivity and compute are clearly common characteristics across most all IoT applications, smartphone-component leader Qualcomm is starting to find traction in IoT by creating an extended range of reference platforms using its components across nearly 25 different applications. From drones, to wearables, from smart meters to connected cars, the company has built and shared an impressive range of specialized designs, leveraging various members of its Snapdragon CPU and modem family of SOCs.

Find out more onthis post from recode

IoT grows crops best, but still too pricy for farmers
The Internet of Things (IoT) is coming to the agriculture industry, but a new report suggests that service costs and niche products are slowing adoption of the new technologies.

Benefits of IoT in agriculture include better yield rates and reductions in the amount of water, soil, and seed needed. The worry, for farmers, is the implementation of IoT systems and cost of service surpasses the costs saved from using the technology.

In agriculture, there are a few suppliers that offer services at an annual cost. One of those is OnFarm Systems, which provides its Grower Dashboard, a platform to manage farm sensors, monitor temperature, cloud, and water irrigation, schedule tasks, and view analytics.

Find out more on this post from readwrite

16 Stunning Statistics that Forecast the Future of the Internet of Things
Everyone’s talking about the Internet of Things, even the “things,” which can now request and deliver customer support, tell if you’re being as productive as you could be at work, let your doctor know if you’re following orders (or not), reduce inefficiencies in energy consumption, improve business processes, predict issues and proactively improve or resolve them based on data received.

The Internet of Things (IoT) is just getting started. These forecasts below show why organizations need to get started too (if they haven’t already) on leveraging and responding to the Internet of Things.

Find out more on this post

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Weekly Digest on Internet of Things

ManagementTeamMouli1

Kavitha Gopalan

The IoT Is About to Shift into Ludicrous Mode
One of the biggest mistakes you could make now is to underestimate the Internet of Things, says Cisco’s Rowan Trollope. For many companies, embracing the IoT is crucial for their survival. “This is a life or death issue for most of our customers. They have seen what has happened with Uber and taxi companies and with Netflix and Blockbuster,”

Meanwhile, the IoT is quietly transforming the world and notable companies like UPS, GM, Boeing, Starbucks, and the industrial manufacturers like ABB are already embracing the technology. Practically every big tech company has made the IoT a big part of their business strategy. “Vertical by vertical, we are seeing tremendous transformation,” Trollope says.

Yet there is likely significant more potential for the IoT in domains such as smart cities, transportation, and manufacturing. The fact that the smart home realm gets the lion’s share of attention and hype could partly explain skepticism towards the IoT at large.

Find out more on this post from IOTI
Pwnie Express makes IoT, Android security arsenal open source
Pwnie Express has given the keys to software used to secure the Internet of Things (IoT) and Android software to the open-source community.

The Internet of Things (IoT), the emergence of devices ranging from lighting to fridges and embedded systems which are connected to the web, has paved an avenue for cyberattackers to exploit.

Vendors are struggling to keep up with emerging threats and firmware is often left outdated, placing consumer and business data at risk — but to assist researchers in finding IoT security flaws before they are exploited in the wild, Pwnie Express is opening up two software projects as open-source.

Find out more on this post from ZDNet

What are the challenges of ideation in IoT?
Manufacturers of products across the consumer spectrum have by and large read the writing on the wall by now: go IoT, or go home.

In the near future, pretty much everything more complicated than a paper clip will assume the prefix of ‘smart’, and join the ranks of connected, communicative, hitherto inanimate objects.

As this process continues to unfold and products are overhauled to stay relevant in an IoT world, it will behoove companies to remember that a product ceases to be smart if manufacturers don’t plan, or ideate, with certain elements of usability in mind. Sure, you can call anything “smart” by slapping it with sensors and a Bluetooth module. But is it actually smart for your company and your consumers?

There is a difference between being connected – and being smart. Smart product design and development involve several key factors on the user-facing side of things which must be taken into consideration.

Find out more on this post from readwrite.

State and Local Governments Embrace IoT, Including in Smart Cities
With help from the Urban Center for Computation and Data, University of Chicago and Argonne National Laboratory, Chicago is attacking these challenges with its “Array of Things” initiative and data analytics.
The city will deploy hundreds of sensors on streetlight poles across the downtown area and in residential neighbourhoods to monitor temperature, humidity, wind, noise, air quality and traffic from cars, pedestrians and bicycles. This mass of sensor data will then be transmitted over the cellular network to Argonne’s large central database.
The capacity to improve public services by collecting such data and applying related analytics is within reach for more cities and states as the Internet of Things (IoT) expands. From smart parking to automated detection of water leaks, governments now have access to real-time data that supports effective and efficient decision-making, which translates to concrete benefits for citizens.

Find out more on this post from Statetech

Cognitive manufacturing & Industry 4.0
Talk to any manufacturing executive and odds are they have heard of Industry 4.0. Originally coined in Germany through a technology project to computerize manufacturing, Industry 4.0 has now launched into a worldwide initiative to transform this sector.The two major technologies driving Industry 4.0 – Internet of Things and Analytics
To truly pave the way forward to Industry 4.0 and beyond, manufacturing has to evolve into cognitive manufacturing.
Cognitive manufacturing fully utilizes the data across systems, equipment and processes to derive actionable insight across the entire value chain from design through manufacture to support. Built on the foundations of IoT and employing analytics combined with cognitive technology, cognitive manufacturing drives at key productivity improvements in quality, efficiency, and reliability of the manufacturing environment.

Find out more onthis post from IBM

Two major IoT groups strike an alliance
Two IoT standardization groups — The Thread Group, founded by Alphabet’s Nest, and the newly formed Open Connectivity Foundation (OCF) — announced they will collaborate to ensure compatibility between their communication protocols, according to Forbes.
Interoperability and standardization have been major issues holding back IoT adoption. OCF, which was assembled earlier this year, is notable for bringing together competitors Intel and Qualcomm to ensure that their products operate smoothly together.
According to a June 2015 report from McKinsey, 40% of the IoT’s total potential economic value can be unlocked only by solving interoperability challenges to ensure devices from different companies can work together.

Find out more on this post from BI

GE’s IoT Plan For China
General Electric announced a partnership with China’s Huawei recently as it continues to build out its Internet of Things ecosystem.
The Internet of Things is a natural fit for GE. As the world’s largest maker of jet engines, diesel trains and other large industrial goods, finding ways to make things cheaper is in its DNA. Sensors and big data analytics software is just the logical next step. So in 2013 GE unveiled a productivity software platform called Predix in conjunction with Amazon Web Services, Accenture and EMC. The goal was to bring penny pinching predictive data analytics to the industrial sector at scale.
Luckily, it had a willing guinea pig: itself. Since 2013 Predix has had a profound impact on its own production lines. In 2015 GE was able to save $500 million. And the company’s Chief Digital Officer, Bill Ruh, is expecting savings of better than $1 billion by 2020.
Now it wants to get bigger in China.Partnering with Huawei adds network hardware might and a powerful political ally.

Find out more on this post from Forbes

10 ways big data, analytics, and sensors are helping behind the scenes
New solutions based on IoT, analytics, and business intelligence are reaching into every corner of industry and commerce. Some of these examples might surprise you.
We are surrounded by more “hidden” applications of big data, analytics, sensors, and business intelligence than we probably know—and in places where wemight not imagine it. Here are 10 ways this behind-the-scenes tech is redefining how the world works.

Find out more on this post from TechRepublic

internet-of-things

Weekly Digest on Internet of Things

ManagementTeamMouli1

Kavitha Gopalan

Analytics-Of-Things Drives IoT Business Value: An Executive Perspective
Why should executives care about Internet-of-Things (IoT) applications in their companies? That is the question addressed by a study examining the business use cases for IoT applications by seven large companies, plus a city government.
IoT is more than a fancy technology that improves a few business processes. These companies created a variety of IoT use cases for reducing costs, increasing efficiency, improving customer service, and exploiting innovative business opportunities. These use cases impacted cross-organizational issues and exploited strategic opportunities, both requiring executive attention and action. The lessons learned are:

  1. IoT value to your company depends on analytics.
  2. IoT value can be expanded incrementally from initial use cases.
  3. IoT value should flow from operational to strategic use cases.
  4. IoT value can be limited by technology assimilation within your company.

Find out more on this post from Forbes

GE, Huawei to partner on Internet of Things – USA TODAY
General Electric said Wednesday that it had struck a partnership with Chinese telecommunications giant Huawei Technologies to develop machines that are connected to the Internet.
GE concurrently opened new $11 million software incubator in Shanghai to foster new technologies and start-ups — all aimed at hastening the transition to digital machines that operate more efficiently.
The space will provide a launching pad for developers to create new software based on GE’s Predix operating system, which Huawei is also now planning to leverage as its “preferred” platform, GE said.
Find out more on this post from CIO.

Industry 4.0 gaining momentum in Asia-Pacific
Cyber-connected manufacturing systems – also known as Industry 4.0 – improve efficiency and optimize operations but also have the potential to change the way manufacturers and industrial companies run their business. Especially in Europe and North America, manufacturers are quite familiar with the challenges and benefits of the Industrial IoT.

Looking closer at the industries that will drive IoT adoption in the Asia-Pacific region by 2020, industrial IoT solutions are among the top three industries. Out of all the Asia-Pacific countries, China is expected to spearhead industrial IoT spending and account for 49% of spending by 2020 – impressive numbers, no doubt. However, Japan, South Korea, India, and elsewhere will also see significant take up of such solutions over time.
Find out more on this post from Forbes.

Internet of Things is Poised to Transform the Insurance Sector
Can Insurance industry leverage the vast amount data from IOT to disrupt the traditional operating models and establish new frontiers for growth?
IOT with its ability to get data from billions of connected devices can revolutionize and reshape the Insurance Industry and create new business models. Data from sensors embedded in cars, homes, buildings wearable can be used by insurance company to understand the correct picture of exposure and risk of what is being insured at the same time helps them to make holistic offering to meet their customer’s needs. IOT also makes it possible for insurers to move to a more engaged model with their customers.
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IoT Is Changing How Businesses Work And Driving New Processes
The Internet of Things (IoT) is still developing, but, as it does, more insights are propelling the industry forward in changing how people live and work. While information on IoT has focused primarily on the consumer side of the industry, new data is emerging that illustrates that IoT has numerous benefits for businesses in terms of efficient processes and deeper engagement with customers.
What the numbers indicate in reports like eMarketer’s 2016 The Internet of Things: Investment, Growth and Industry Outlook, is that the opportunity is there for consumer players like Apple, Microsoft, Amazon, Googleand more as well as startups like Skybell that make products for the consumer IoT market. Other companies are interested in exploiting the possibilities in the B2B IoT niche as more companies gain awareness and interest in what IoT can do for them.
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IoT Devices Expectedto Swamp Mobile Lines
An Ericsson report estimates there will be 1.5 billion IoT devices needing cellular connections by 2021.The various wireless networks that enable us to call home or look up Yelp reviews while traveling may soon exist primarily for another purpose – real-time communication between devices, sensors and central processing hubs.That’s the conclusion drawn with Ericsson’s latest Mobility Report, which observes that the Internet of Things (IoT) is expected to surpass mobile phones as the largest category of connected devices in 2018. “Growth in the number of connected devices is driven by emerging applications and business models, and supported by falling device costs,” the report’s authors state.
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Intel Sees Slower Data Center& IoT Growth, Though Stronger Growth Expected In Coming Quarters
The world’s largest semiconductor company, Intel released its Q2 2016 earnings on July 20th. The company’s revenue came in-line with its guidance, while its profitability exceeded both company guidance and analyst expectation. However, Intel’s stock saw a marginal decline in after-hours trading yesterday. This can be attributed to the slower growth in the data center business and a quarter-over-quarter decline in Internet-of-Things (IoT) revenue. We believe that the data center slowdown is not a cause of concern as growth is expected to re-accelerate in the second half of the year. The sequential decline in IoT revenue was due to an inventory burn after a very strong Q1 2016. The segment remains one of the biggest growth drivers for the semiconductor industry and Intel is at the forefront of this new trend.
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Weekly Digest on Internet of Things

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Kavitha Gopalan

Will banks catch the curve of the machine-to-machine economy?
We are now at the tipping point. Technologies like IoT, autonomous vehicles, drones, robots or 3D printers will “people” this brave new machine-to-machine (M2M) economy.Core information and communication devices, which have been traditionally confined to boxes (PCs, smart phones, tablets etc) are increasingly embedded in all types of artefacts making our homes, offices, cars, trains, public spaces and cities “smarter”.Today we have two types of customers, individuals and corporates. Now with the rise of the machine-to-machine economy, a new customer segment of machines is arising.”
“Our assumption is that these M2M economies will be orchestrated as transactions on the blockchain. And the prerequisite to be part of the machine-to-machine economy is to have an integrated IoT and blockchain strategy and a footprint in both, IoT and blockchain space.”

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How the Cloud Fosters Smart, Connected Manufacturing
Industry 4.0, Industries 4.0, or the fourth industrial revolution, is the automation and data exchange in manufacturing technologies, creating what many refer to as a “smart factory.” Although analysts claim that less than one percent of all production data is ever used, the promise of the Industrial Internet of Things (IIoT) is the ability to analyze huge amounts of data to identify patterns like tool wear or equipment fatigue. This insight gives manufacturers the predictive capability that can improve quality, productivity, and downtime. The key here is connecting data throughout the enterprise to provide insights for improving business processes.
Connected manufacturing is the foundation and the cloud is the key requirement, connecting not only your plant floor, but also connecting the plant floor to the top floor. You can run your entire manufacturing business via the cloud: plant floor production control intertwined with end-to-end inventory traceability, closed-loop quality connected with product lifecycle management, planning, finance, human resources, and supply chain management.

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The Platform of Things: The Mega IoT Platforms Land Grab
Platforms are important for IoT market growth because they standardize key functions such as application development, connectivity and device management. The typical PaaS package includes freemium access to APIs, SDKs, templates, libraries and tools, built on cloud resources for scalability and public cloud for testing and development. Platforms are a cost-effective route to advanced services such as connectors to back-office ERP, analytics, security and even blockchain pay-as-you-go. SaaS applications then inject the vertical specific capabilities on top. However, with a plethora of platforms out there, is there danger they will become commodities?

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Complementary Technologies Enabling Effective IoT solutions
Internet of Things (IoT) is a path breaking new technology wave that is affecting our daily lives in ways unimaginable before. With Sensors, Cloud and Analytics, we are now able to provide solutions which were otherwise impossible. We are also able to give customers, strategic insights into their lives like never before.
For example IoT deployments can bring disruptive changes to retail industry. Retailers are exploring ways to use intelligent, connected devices to offer new services, enhance customer experiences, enter new markets and improve supply chain by creating digital ecosystems.

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Big Money in The Internet of Things: A Mid-Year Report
While the numbers and percentages involving the Internet of Things are large, they are nothing compared to the dollars involved. $348 million will be Security spending on the Internet of Things this year (Gartner) and $547 million will be Security spending on the Internet of Things in 2018 (Gartner)

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GE is bringing its Internet of Things platform to Microsoft’s cloud
Jeff Immelt, GE’s chief executive, appeared on the stage of Microsoft Corp.’s annual partner event in Torontowith Satya Nadella to announce that their firms are joining forces to help organizations analyze the vast volumes of data coming off the connected universe.The collaboration will see GE’s Predix platform-as-a-service stack, a Cloud Foundry distribution specifically optimized for handling machine-generated logs, made available on Microsoft Azure by the end of the year. The vendors then plan to test the port with a limited number of users for another six months or so before making it generally availability in the second quarter of 2017.

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Arm Holdings confirms Softbank is buying the chip designer for £24.3B in bold IoT move
Arm Holdings confirmed that Japan’s Softbank Group has offered to pay £24.3 billion ($32 billion) to acquire the company — known for its chip designs for mobile handsets (Apple is a customer) as well as for processors that will power hardware in Internet of Things networks. It’s the IoT piece that interests Softbank the most, the company said.

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