22nd May, 2014 4 Min read
Book a Demo
The term Internet of Things (IoT) is used to denote advanced connectivity of devices, systems and services that goes beyond the traditional machine-to-machine (M2M) and covers a variety of protocols, domains and applications. It’s a network of physical objects accessed through the Internet, as defined by technology analysts and visionaries. These objects contain embedded technology to interact with internal states or the external environment. In other words, when objects can sense and communicate, it changes how and where decisions are made, and who makes them.
Reduce your AWS costs by over 50%
Discover your Cloud Saving Potential – Answer just 5 simple questions. AppsFlyer, Playtika, Lufthansa, IBM, top leading companies are already using our FinOps services.
The planet has basically grown a neural system, allowing us to access data all around the globe for our benefit. It is fundamentally changing the way we do business, it’s surfacing greater efficiencies, driving deeper customer connections and introducing new business models and revenue streams.
On the following link you can read the basics of Internet of Things.
The three most important drivers for Internet of Things projects are now new revenue streams and enabling new services, as well as operational efficiency and then improving existing services and the consumer experience. The opportunities across the Internet of Things, depend on our ability to deliver intelligent services across the network of connected devices, and to achieve this in real time.
Let’s put it simple; everything goes mobile, from people to devices, and enables communication and data collection.
The top benefits a company can realize in adopting their own IoT strategy are:
Estimates for Internet of Things or IoT market value are massive, since by definition the IoT will be a diffuse layer of devices, sensors, and computing power that overlays entire consumer, business-to-business, and government industries. The IoT will account for an increasingly huge number of connections: 1.9 billion devices today, and 9 billion by 2018. That year, it will be roughly equal to the number of smartphones, smart TVs, tablets, wearable computers, and PCs combined .
Qualcomm, LG, the Linux Foundation and other IoT experts are joining forces and forming an alliance. The AllSeen Alliance, as it’s called, have tasked themselves of creating and maintaining unified standards for device-to-device communication. The Linux Foundation stated that the move is aimed at accelerating the Internet of everything, which will transform homes and businesses with a wide range of everyday devices, objects and machines that are always connected and communicating. Basically ensuring that more and more electronic products can work together regardless of the brand, and form a new era of smarter technology. The Linux Foundation alliance is the largest consortium of it’s kind. Considering the high risk, privacy and security issues, inter-device communication is more so compelling for customers and businesses alike. There’s also a security benefit in the open-source nature of the project.
Here’s the full roster of AllSeen Alliance charter members:
Qualcomm, LG Electronics, Sharp, Haier, Panasonic, Silicon Image, Cisco, TP-LINK. Canary, doubleTwist, Fon, Harman, HTC, Le Shi, Lifx, Liteon, Moxtreme, Musaic, Sears Brand Management Corporation, Sproutling, The Sprosty Network, Weaved, and Wilocity.
Read the full report at VentureBeat.
BlackBerry is mostly discussed in terms of its slow decline in the global smartphone market, which it once pioneered. The newly announced Project Ion combines multiple efforts designed to go hand-in-hand with IoT development. The goal is to give businesses access to all new kinds of insights by making a business and all of it’s aspects into a data-gathering device. This includes a secure application platform based on QNX. Project Ion aims to work hand-in-hand with Android, acting as a default OS for individual connected devices; BlackBerry seems to want to be the connective tissue in a larger IoT nervous system.
Read more on TechCrunch.
Further reading on Internet of Things:
EX.CO is a video technology platform that enables publishers to monetize video content on websites.
Justt is a chargeback mitigation startup based in Tel Aviv. Chargebacks, as defined, are demands by a credit card provider for a retailer to reimburse losses on fraudulent or disputed transactions. Justt’s objective is to assist merchants worldwide in combating false chargebacks using its proprietary artificial intelligence technology.
The cloud used to be viewed as a place of significant cost savings: rather than purchasing and maintaining dozens of server stacks, organizations could outsource this and purchase compute power on an as-needed basis. In the ensuing rush to cloud architecture, however, many companies simply lifted-and-shifted their old financial bad habits. The sheer speed of […]
Cloud computing has transformed more than individual app architectures: it’s granted both start-ups and market leaders an equal platform for innovation. New products are no longer dependent upon complex revenue-draining in-house server stacks. Instead, cloud-native disruptors such as Uber and Airbnb have been able to harness the once-unthinkable degrees of agility, scalability, and cost-efficiency that […]
Schedule a call with our experts. Discover new technology and get recommendations to improve your performance.