Internet of Things as Business Solutions

Internet of Things as Business SolutionsThe wide popularity of Internet of Things (IoT) and its typical presence nearby to any modern individual make it one of the major drivers creating attractive opportunities both for the individuals and economies that are derived from the information generated by it. Economic benefits of IoT consists but not limited to efficiencies in communication, control over nearly anything and cost savings which have direct influence on business processes, quality of our lives and even how the customers are retained (mostly by behavioural data).

IoT is expected to have an immediate impact on Human health, fitness and productivity; Home appliances; Retail businesses; Corporate offices, Production plants and Worksites; Vehicles; Cities and Localisation services.

If we walk through each of these with short examples: imagine a user with the fitness tracker. Active hours of the day are collected in a data sheet. Activity intensity is captured and through the built-in gyroscope and GPS; we might have some guess for the activity type the user was engaged in as well as the user’s whereabouts throughout the day. Probably this user has registered a dashboard for him/herself in the cloud where we can collate age, weight, occupation and other personal information together. Or you can expand this example to a heart patient whose heart beats are being monitored continuously by his physician and an alert prompt is available.

At home, usage of IoT is way beyond thermostats now. If your egg rack in the refrigerator is short of eggs, your refrigerator can send you messages around the off-work time to replenish eggs as a reminder. In retail, it is possible to gauge the crowds, have a clear understanding of walking traffic, in-store traffic, restroom usage, personalised promotions and so on. Similarly, corporate offices, production plants and worksites may have increased productivity as well as better employee health and safety protocols.

Your vehicle may prompt the tow service in the event of a breakdown; extract driving logs for traffic authorities’ review (similar to black boxes of aeroplanes) and even get firmware update over the air without a need for you to spend half days at the weekend at dealer’s workshop. Increased water quality, water collection processes, enhanced street lighting, better traffic flow management are only a few of large action sets that IoT has to offer for smarter cities. Especially while during our era where tracking of airplanes, ships and other vehicles are one of the utmost importance to us as well as authorities, IoT has a solution to it.

While all these examples excite us, one of the future aspects that academics predict is Web of Things where control of smart devices might be operated through the web. This is as exhilarating as it also seems a little far to present day. But never say never, right?

To wrap up; huge opportunities are expected to blossom both for economies and individuals. As IoT by nature does not have any boundaries like data; actionable, logical and marketable data size forming through systems, sensors, control mechanisms, communications will be enormous. This is where today’s lifestyles and business models are prone to change. IoT’s already amazing penetration to individuals is no longer negligible as it is becoming a permanent part of today’s modern technologies.

If safety, security and privacy concerns are addressed appropriately, IoT will offer seamless decision-making to businesses. And you know what? It’s already started happening now.

So, isn’t it better to get started learning about IoT now and discover more about IoT and its involvement into our present lives? The IoT Academy has plenty of good courses to choose from and caters a wide range of audience from all ages to meet the future. Hurry, contact us now to find out more!


Internet of Things: Is it the Next Big Thing?


Internet of Things (IoT) promises certain changes in the ways we function and interact with our homes, offices, transportation, and health.Silicon Valley, the high-tech universe known to every living soul on this planet is focusing on a single thing: Technological Innovation. Anyone who is a tech user and connected to “something” is already a part of 640 terabytes of data being populated every minute. Location information, Google searches, your connectivity to a telco, Facebook, Instagram, photo uploads, cloud drive services and so on. And yes, every minute 640 terabyte of data is populated.

Many new and modern technologies are usually addressed as the “Next Big Thing”. Is it just because there will be revolutionary changes in the way we do things, the way we live and interact with each other? Or is it because discontinuity appeared on the horizon? Or did we realise a disruptive, exciting jump from one level of boring technology that we were so excited merely 12 months ago into another new one? Think of Grab, a regional version of Uber in South East Asia. It became a part of an extraordinarily successful business model that not only facilitated and inspired taxi rides but also the amazing pairing of suppliers and customers instantaneously, as well as being the precursor to automated transportation. That was the “next big thing” not long ago, isn’t it?

Wait! Or were you thinking that Segway’s PT, a two-wheeled, self-balancing, battery-powered electric vehicle that was introduced in 2001 is still the next big thing?

The Internet of Things (IoT) is the connectivity of everything that seemed so remote only a decade ago. And it has 3 essential elements that make it unique when compared to other generic “Next Big Thing” candidates: convenience, economy, and safety. IoT promises certain changes in the ways we function and interact with our homes, offices, transportation, and health. (where we are stationed, when we are on the move and concerning our very selves) And IoT investments typically yield as convenience (i.e. pre-heated oven by the time you arrive home from work), economy (i.e. efficiencies in progresses and operations when you are stationed, on the move or even without you knowing) and safety (i.e. data enabled online personal health monitoring device attached to patient’s body communicating the health condition with his physician).

It is absolutely possible to do more things with IoT ourselves when compared to what comes bundled with many of the household items nowadays. IoT gadgets are not spies or pressure sales tools that monitor your stocks at home and order from the supplier automatically. IoT might even be programmed to narrate an issue, prompt the user and then take appropriate action. For example, you can program a gas detector’s buzz in your house to do more things in a better way. If there is a gas leak, instead of buzzing, it may narrate “there is gas leak”, SMS you and then cut off the gas automatically. Therefore, your imagination is the limit what IoT can do for you. Like playing the piano, there’s no skilful player or bad player. There is one that enjoys playing the piano and one that does not.

So, isn’t it better to get started learning about IoT now and enjoy the Next Big Thing earlier? The IoT Academy has plenty of good courses to choose from and caters a wide range of audience from all ages to meet the future. Hurry, contact us now to find out more!