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IoT Digital Transformation is on the Way to Change the Business Outlook
admin
June 21, 2023
Digital Transformation, IoT

IoT Digital Transformation is on the Way to Change the Business Outlook

The Internet of Things, also known as IoT, is the interconnectivity of physical devices, vehicles, people, and objects with sensors, software, and network interconnectivity, allowing them to collect and exchange data.

Today, it’s not hard to access or collect data; it’s readily available. However, many processes, machines, and other technologies still need to be fully connected and become something the industry deems smart. This digital transformation is all set to begin.

As per Grand View Research, the global IoT devices management market size was estimated at 1.88 billion in 2022 and is assumed to increase at a compound annual growth rate of around 34.9 percent from 2023 to 2030. The growing importance of enterprises on controlling linked devices and enhancing operational efficiencies across industry sections would lead to an increase in the demand for IoT device management.

The continuous growth of IoT gives a clear signal that it will stay for a long time and will highly help and impact shaping the future. Though some processes, machines, and other devices are yet needed to be connected, it’s just a matter of time before they will need to be integrated into this technology-driven world. This indicates that the future is strongly linked to IoT, and its increasing demand and day-by-day expansion prove this fact.

A Faster and More Un(predictable) World

The continuous advancement of technology is forcing businesses to adopt the Internet of Things. It promises to fulfill the desire for efficiency and has become a necessity. In today’s rapidly changing and advancing world, it has become mandatory to maintain efficiency, and if one fails, it will lead to a huge failure. ChatGPT‘s technology is best to quote as an example to support this. Surprisingly, for the first time, Google has stepped into difficulty as they ignored that technology must continuously update to keep a sync with the dynamic environment.

The Internet of Things has become a game-changing technology that offers more predictability in an unpredictable world. IoT allows the device to collect and analyze real-time data from connected devices, which can be utilized to predict and prevent potential problems before they happen.

IoT Driving Transformation on its Way…..

Digital transformation means integrating digital technologies into all sections and processes of a business, causing fundamental changes to how the business operates and delivering results to customers. The current status of IoT, with its swiftly evolving technology and the increasing adoption of interconnected devices, is all set to bring pace to digital transformation across various industries.

By authorizing businesses to gather and analyze immense amounts of data in real time, IoT provides:

  • The optimization of business processes
  • The generation of new revenue ways
  • The development of innovative business models

Integrating IoT devices into business operations allows businesses to gain insights into customer behavior, enhance operational efficiency and improve overall customer experience. Hence, the Internet of Things continuous advancement and expansion is expected to drive digital transformation across industries forcefully.

IoT is Adding More Meaning to Technology Advancements

The features offered by IoT have eased the prediction process and made it less intimidating. The very influential Internet of Things has positively covered the digital and physical world gap, offering a futuristic environment that can sync with the changing technologies instead of being left behind. It can gather and analyze flooding data from interconnected devices to provide meaningful insights into various aspects of lives and businesses.

Various challenges have appeared with the growth of the Internet of Things, yet it has persisted and achieved its current state. Starting from compatibility challenges to data security and scalability. These are some initial installation issues while implementing IoT technology in businesses.

Businesses that embraced IoT as a newcomer played a significant role in resolving issues via testing and establishing the technology. As a result, businesses can now leverage the faster and more dependable implementation of IoT solutions, enabling smoother integration into their operations.

Effortless Interoperability: The Way to Leverage Seamless Technology

The complexity of IoT can be overwhelming for many, creating confusion and uncertainty. When many devices are added to an IoT network, managing and scaling the infrastructure tends to be a big challenge. The increasing number of devices and the immense amount of data generated by them can crash the existing systems, creating a challenge to manage and analyze data properly.

Business owners usually need clarification about upgrading their equipment and the different technology stacks involved in IoT. Now, it’s high time to shift the focus from a complex technology stack to a simple solution.

Old technology and processes should not limit your ability to make informed business decisions. The solution is not to remove them but to connect and boost them by linking them with advanced technology.

We hope to see even more innovative applications in various sectors as IoT evolves. The growth prospect is high, and businesses adopting this technology will be in a better place and reap its benefits.

As per Mckinsey, The Internet of Things has now become part of more than 200 applications in enterprise environments and is not just limited to large corporations alone. Early adopters have done trials and testing and are scaling IoT solutions throughout their businesses. The features and versatility of IoT technologies have resulted in several remarkable applications in various sectors like smart cities, connected cars, smart buildings, smart homes, e-health, and many others.

The latest IoT technology advancement has enabled all sectors to access non-existent features. For example, Business-to-Business (B2B) companies are now using Industry 4.0 technologies to create direct connections with their products in the field.

Upgrade your business- Take Action Today

The Internet of Things has come a long way and has become essential to our lives and businesses. The continuous growth and development of IoT and the increasing number of connected devices, combined with the need for efficiency and relevance, make the technology imperative to be adopted. By adding IoT, businesses can churn the maximum benefits and make the existing processes more efficient and cost-effective.

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Key Factors to Consider for Cellular Connectivity in IoT Product Design
admin
May 16, 2023
IoT

Key Factors to Consider for Cellular Connectivity in IoT Product Design

The Internet of Things, which had just a few applications before, is now part of almost every sector. Beginning from a smart bottle to a smart home, from smart buildings to smart towns, IoT has impacted every sector and will continue to do it. The integration of other technologies with IoT is also churning incredible results. Sectors, not part of it till now, are planning to embrace it with full potential.

IoT is diverse today, with a broad range of devices and applications connected with cellular connectivity solutions. By exploring various factors, product designers can possibly make the best connectivity options that suit the IoT solution.

This way, they are able to optimize the live operations of devices after they are deployed. Flexible connectivity is best for many installations, and to enhance this, the eSIM, wherever it is relevant, can support making the product more agile.

What aspects to keep in mind while considering cellular connectivity

Getting the proper cellular connectivity for IoT devices is crucial; otherwise, the whole purpose will be negotiated, leading to minimum output.

While designing for the IoT, one should consider the following aspects:

  • Device: The first thing to consider is the device because its deployment characteristics impact the choice of cellular connectivity. The aspects to consider are the lifespan of the device and the amount of power it requires to stay deployed. Mass deployments in remote areas, at the global level, or expansive locations require continuous power as they will likely stay in position for an extended time. 
  • Data: The second thing to consider is data- what type and amount of data will the device need to exchange? The device may send only a tiny amount of data or need higher bandwidth to exchange videos. It is essential to consider how the device application may develop over time, for instance, from sending audio files to adding video. It does not matter what data or volume is being transferred; the connectivity should be secure because mass IoT deployments offer a large attack surface with constant risk. Therefore, it is vital to consider data value and multi-network resilience. 
  • Distribution: If we talk about distribution, then we can simply say that it is a crucial consideration because network options and commercial arrangements will differ for national, regional, and international deployments. Having a single stock-keeping unit (SKU) for devices is always the best option, but that may not be feasible if devices targeted for different markets have different SIMs. In such cases, region-specific SIMs are to be implanted when devices reach their destinations for late-stage connectivity.
  • Coverage: This concerns the wireless technology which is used to connect devices. Low power wide area networks (LPWAN) (NB-IoT and LTE-M) are in favor, but their global coverage is quite in demand, and even at a national level, there are gaps. Make sure that your device has coverage and that there is no possibility you’ll need to deploy to countries with no LPWAN.

The phasing out of 2G and 3G

Many IoT applications were designed to connect over 2G and 3G. These networks are now being phased out; if we take the case of 3G, then switch-off has already occurred in many regions or is being listed in the to-do list in coming years. The main reason behind all this is that mobile network operators (MNOs) are trying to free up the spectrum for next-generation, cost-efficient, and better revenue-generating technologies. Most companies that use 3G for connecting IoT deployment will hold no place in their migration plans. 

But in the case of 2G, everything is slightly different as this technology has been entrenched in large deployments of IoT devices and machine-to-machine (M2M), especially across Europe. Therefore, there is a high chance that 2G will not be disrupted in many countries until the end of the decade. While this might sound like a far-off thing, future planning is critical for devices deployed for many years. 

There are 2G/3G connectivity options, each with its own features. These should be evaluated to assess their suitability for a new IoT device in design:

NB-IoT

This is the best solution for stationary IoT devices that share small amounts of non-real-time data, are solar or battery-powered, and are located where other technologies would not be able to get a signal. NB-IoT provides low hardware and operating cost, making long-term mass deployment viable. It is battery effective and can support devices that stay in the field for a long, like sensors with low and intermittent data. It also has full signal penetration, the most profound reach of any low LPWAN, and can cope with basements or underground car parking even if sensors are installed below street level.

  • LTE-M (Cat-M1): This provides the powerful throughput speed and bandwidth of any LPWAN technology to manage the over-the-air (OTA) updates of the future. It also sustains a wide range of IoT applications but is best for low-power devices that need higher speed or two-way data transfer, like those supporting SMS or voice services. It can be used for both mobiles as well as stationary devices, as it allows cell yo cell roaming. However, as already mentioned, some deployments would need help with either NB-IoT or LTE-M for the coverage causes. Today, neither LTW-M nor NB-IoT is available on 4G, and NB-IoT is currently not supporting eSIM.

In cases where these limitations make LPWAN useless, companies can consider the following:

  • LTE Cat-1 and Cat-1 BIS: LTE Cat-1 (Cat-1 BIS being the single antenna version) is a grown technology. Hardware costs and power consumption are pretty high in comparison with LTE-M and NB-IoT, but for some usage, the advantages will overshadow this issue. It receives global support as Cat-1 is a standard 4G technology, and traditional roaming agreements mean global network access is possible using a single SIM SKU. It is appropriate for mobile applications and goes well with eSIM also. Lower latency and increased bandwidth make Cat-1 a better option for 2G/3G and sustain a wide range of IoT applications. It fits nicely for low-power IoT devices that need high-speed and two-way data sharing or mobility. It also has a three-to-five-year battery life or application that uses rechargeable batteries.

eSIM adoption is already in process, and it is anticipated to be adopted within smartphones, enterprise IoT, and the wearables markets, with integrated iSIM technology following 2025.

As per research conducted by Counterpoint, it is estimated that shipments of eSIM-based devices will cover almost two billion units by the end of 2025 from 364 million in 2019. The report also shared that most eSIM-based devices will have a hardware chip-based eSIM solution until 2025.

eSIM for flexible connectivity

eSIM is one of the best technology, known for its flexibility, and also supports OTA provisioning of network operator credentials. This implies that the same SIM can be used in each device irrespective of where they go, as connectivity can be provisioned later. It delivers the single SKU essential for operational simplicity, particularly for large international IoT deployments. This makes manufacturing more uncomplicated and more streamlined, and connectivity uses local networks at local rates.

Additionally, eSIM allows in-life network operator changes without needing to swap out SIM cards physically. Through this, companies can leverage new commercial arrangements and attractive deals.

There are a few points to be taken care of while designing IoT devices with cellular connectivity. First, the device themselves, the data they will share, and the targeted areas where they will be used. These aspects will be crucial in determining the right cellular connectivity choice.

The second point to consider is that network technologies will not exist forever, as companies who have already done or are in the process of migration from 2G and 3G will understand. Hence the lifespan of the technology is another factor to be kept in mind.

The benefit of some technologies is their flexibility – the eSIM, wherever possible, brings agility to IoT deployments. In all, an IoT connectivity platform provider can help in determining optimal cellular connectivity for each IoT use case. To enjoy the leverages provided by the IoT system, one should never ignore the importance of cellular connectivity and whether the device is compatible with it or not.

By embracing an intelligent approach to connectivity and choosing an IoT connectivity partner that comprehends the potential eSIM brings but also understands the importance of managing different use cases in different countries in different ways, IoT organizations should ensure that they can provide optimized IoT connectivity continuously. Different countries follow different regulations; like Brazil does not allow permanent roaming for IoT devices, they can connect by using a local carrier only. Thus, the case of keeping connectivity streamlined and seamless just by having a single connectivity platform from one provider is attractive. The platform provider can handle all the changes and manage all the integration. Apart from this, deals of this type protect the customer organization from changes like geo-political changes that might compel an individual organization to reconsider its connectivity provision.

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Which Network is Suitable for Your IoT Infrastructure: Wireless or Wired?
admin
April 26, 2023
IoT

Wireless or Wired Network: Which is Suitable for Your IoT Infrastructure?

Today, if we look around, we will get a clear view of how devices and smart products are dependent on data. From a refrigerator to a coffee cup, room ac to a smart home lock, street lights to a smart city, whatever is connected to the Internet of Things generates data. These devices are connected using either wired networks or wireless networks, depending on the need of the IoT system. Opting for the right and most-fitting network is crucial, as it determines the performance, safety, and future of the IoT facility. The option available comes with both benefits and constraints. But have you ever thought, what if you need a combination of both for your IoT facility? Is it possible to have such a network? Will it be able to connect multiple devices and adapt the future changes?

Let’s dive into the details of different networks present for the IoT facility.

Points to look into before picking the right network

Machinery in modern structures depends more on data rather than operators to function. This dependency on data has been triggered due to the introduction of the Internet of Things in the manufacturing industry. IoT-connected devices allow machine-to-machine communication in which devices in your facility can share information. IoT even allows transmission between devices and cloud computing infrastructures, which supports processing information.

The communication infrastructure of the installation delivers the data for IoT devices and M2M communication. It acts as a backbone of the facility’s communication. Therefore, businesses must think twice before choosing the network to connect their IoT installations. With the boost in the number of connected devices, the choice of the network has become essential for IoT-connected systems. The most popular classification between network types is wireless and wired networks. Both come with pros and cons, making it crucial to know which one will be perfect to complete the needs of the facilities.

While picking a network for your IoT facility, it is crucial to check different vital factors, including:

  • Cost: Cost is the primary thing to check before opting for a network; one should check the upfront and ongoing costs of each network, including installation, upgrades, and maintenance.
  • Security: Security is the utmost significant concern; it is crucial to know the standard of security offered and the potential for hacking and data breaches of the network.
  • Scalability: The capability of the network to stretch and adapt to changing and extending operations without negotiating with the quality.
  • Bandwidth: The amount of data your system should be able to handle; thus, choose a network that can match and complete the needs of your facility.
  • Latency: The latency needed to make the facility operations perform seamlessly.
  • Flexibility: The comfort and feasibility with which one can add or remove devices or make changes to the network.
  • Physical environment: The facility’s physical environment, such as any potential sources of signal interference and power sources, etc. Wired networks may be more appropriate for facilities with stable power sources, while wireless networks are best fit for remote or hard-to-reach locations.
  • Specifications: The specifications of the device that is connected to the network also play a crucial role. Some devices support only wired networks of specific protocols. Others might support wireless connection.

Besides the points and considerations mentioned above, the specific needs and constraints of the facility play an essential role in determining the right network for your IoT system.

Wired vs. wireless: Which one to opt?

Well, we can count on the factors mentioned above to produce a valid comparison between wired and wireless networks.

  • Cost: Wired networks are comparatively more costly in terms of installation as well as maintenance as they need the physical installation of cables. However, in the case of a wireless network, ‘n’ number of devices can be connected to a single wireless router. So, we can simply conclude that wireless networks are generally less pricey than wired networks.
  • Flexibility: As we know, wired networks depend on physical cables, making them less flexible compared to wireless networks. This can hinder in expansion or reconfiguration of your network, specifically when you need to add new devices or make changes to the existing physical layout of the facility. Hence, we can conclude that wireless networks are more adjustable than wired networks as they do not demand any physical cables.
  • Portability: Wireless networks can be employed in hard-to-reach areas, making them a good option for facilities that require mobile or readily available. Whereas wire networks do not have these advantages as it has no portability.
  • Scalability: Wired networks are less scalable as compared to wireless networks. This can create an obstacle in the process of expansion or reconfiguration of the network, especially when you add new devices or perform any changes to the physical look of your facility. Hence, wireless networks are more scalable in comparison to wired networks, as they can be extended and adapted with the expansion and transformation of the facility.
  • Security: In terms of security, wired networks are more secure and have less risk of signal interference or data loss. This makes them an excellent option for facilities that control sensitive data or demand high security. Wireless networks are more prone to security issues like hacking, security threats, signal interference, and data loss. This can place sensitive data or critical operations at risk.
  • Bandwidth: Wired networks are capable of managing large amounts of data, making them fit for facilities having high bandwidth needs. Wireless networks have limited bandwidth, which means that they may not be best for facilities with high data needs.
  • Latency: Wired networks face less latency in comparison to wireless networks, thus making them best for use cases that need low latency.
  • Stability: Wired networks are more stable compared to wireless networks as they are less exposed to signal interference or physical damage. This promises to ensure reliable and seamless connectivity for your devices.

Use cases of Wired and Wireless networks

Wired networks are used in facilities that demand large bandwidths, like data centers and manufacturing units. Wired networks are also best for critical systems that need constant, uninterrupted, and seamless connectivity, as they are less exposed to interference and outages in comparison to wireless networks.

On the other side, wireless networks are best for facilities with restricted space as they do not need physical cables and are easier to install and maintain. Wireless networks also fit facilities that need the skill to swiftly add or remove devices, as they provide excellent scalability and flexibility compared to wired networks.

For example, in the healthcare sector, a wired network may be the perfect option, as it provides stability along with security for critical systems.

But in a retail facility, a wireless network may be more appropriate as it offers greater flexibility and scalability in adding and removing devices. Walmart uses a wireless network solution for its stores to obtain real-time inventory tracking and boost efficiency.

A hybrid network is also an option

Apart from wired and wireless networks, IoT-connected devices can also opt for a hybrid network solution. Hybrid networks have the strength of wired and wireless networks and offer a balanced solution for IoT units.

For instance, a hybrid network could use a wired backbone for crucial systems and a wireless network for mobile devices, offering stability and security like a wired network with the flexibility and scalability of a wireless network.

Hybrid networks also provide many other advantages, like the ability to balance the costs and leverages of both wireless and wired networks. It also offers scalability, flexibility, and the ability to adapt to different device and application types.

However, hybrid networks are more complicated to implement and manage in comparison to single network solutions.

Whenever you opt for a hybrid network solution, make sure to consider the specific needs and constraints of your IoT system. Different factors like types of devices and applications, the physical environment, and access to power sources should be the utmost priority in the checklist. Besides this, it is necessary to ensure that the solution is scalable and can adapt to upcoming changes to the network.

Which one is the right network to choose?

Selecting the right network that can fulfill the needs of the IoT facility is the most critical decision, as it can affect the security, functionality, and efficiency of the devices.

This decision can be a challenging task as both offer pros and cons. On the one hand, wired networks offer stability and security; on the other hand, wireless networks provide flexibility and scalability. The selection between a wireless network, wired network, and hybrid network should be made based on the requirement and constraints of your IoT units. When deciding, one must also consider the cost, scalability, security, bandwidth, flexibility, and physical environment of the IoT system to ensure that it best suits the needs.

Consider investing some time to evaluate the options carefully; this will ensure that the IoT facility is well-connected and performs optimally, offering the data and insights required to drive business objectives.

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How IoT Data Analytics Impact your business
admin
April 3, 2023
Data Analytics, IoT

What is the Impact of IoT Data Analytics on your Business?

Today, if we observe the trend and business processes, we can express that IoT solutions are changing the way of doing business globally. However, saying that all solutions provide equal benefits would be wrong. We can say that an IoT solution that shares data without analytics is like a symphony playing Mozart without a conductor. This means music is there but with no structure and loses its purpose, beauty, and meaning. We all know that there will be immense flooding of data by IoT, but the absence of a process to properly analyze the data would just cause complexity and noise without proper output.

The Impact of Data Analytics on businesses

Data is compelling and empowers by giving insights into all aspects of the business. It can assist organizations in refining processes, locating missing physical assets for cost saving, or even helping in defining new use cases for already available products. 

In the absence of data, a company can be just reactive or can assume future challenges and results. 

With the data offered by an IoT solution, a company can anticipate the emerging problem before it becomes complicated and resolve it as soon as possible. However, there are IoT data solutions that only offer the data and no other context to make it meaningful. In such cases, IoT analytics comes in as a savior. 

The capability to interpret the data before it comes in front of the user is compelling. For instance, data analytics can help alert a factory manager about the floor problem in real-time instead of waiting and then reading through reports on issues that have already happened. This can reduce time consumption and the possibility of errors. 

Analysis software is available in many forms, from one-size-fits-all products to low-code/no-code solutions to solutions that demand an experienced engineering team to execute and maintain.

Each type of solution has benefits and expenses, and your enterprise must determine the best-fitting solution to get the maximum benefit.

Well-known IoT Data Analytics Solutions

We all are aware that technologies like AWS IoT Analytics, on the one hand, are sophisticated and powerful but, on the other hand, very complicated to execute and demand a highly skilled engineering team having domain expertise. The advantages of the analytics solutions are- it offers customization. Everything needed in your business and unnecessary things to be left out. You can consider AWS IoT products like building blocks: you can get maximum from them, but they demand a lot of planning along with maintenance and oversight.

All businesses cannot afford or consider hiring an expert engineering team to execute these solutions. These businesses are inclined toward adopting a one-size-fits-all solution like Azure provides IoT Central. 

Azure even provides a solution analogous to AWS, but they are more successful in an out-of-the-box strategy. The straightforward analytics provided by this solution or any other one-sized solution can fulfill the requirements of many businesses. They enable businesses to connect promptly and design their dashboards and alerts within a few days or hours. If your business just needs simple alerting or has a limited number of devices to connect, then opting for this solution would be a great idea and cost-saving as well.

Customizable Solutions

The main challenge with the IoT data analytics solutions mentioned above is that they don’t provide customization options, are costly to scale, and might compel your team to do analytics using a third-party tool (which is no doubt another pricey option). Suppose you own a business having specific analytic requirements and many devices to be connected. In that case, a low-code/no-code solution, like the one proposed by Leverege (running on Google Cloud), could be a terrific middle-ground solution. This type of solution is customizable per the business’s requirement and, in parallel, does not need any technical expertise if it offers an end-to-end alternative and has analytics and an excellent alerting system, even without needing a dedicated and proficient engineering team. 

Irrespective of whatever solution you choose for a business to implement, ensure that a third-party tool to be integrated gives you maximum flexibility and value from the data. Tools like Power BI, Tableau, and Looker can be the best option to support your company in familiarly visualizing your data. If your company has already made a preferred analytics tool list, then it will enable your users to harness their expertise of that tool with new data sources.

Valuable Insights

Till now, hope that you have understood the importance and contribution of Analytics tools. It is essential to obtain the optimum value from IoT solutions irrespective of the products the business chooses. Neglecting these core capabilities may take your business to the loss side as it may miss valuable insights and maximize value. We can simply infer that IoT solutions, no doubt, enhance business operations but remain incomplete.

Data analytics gives direction and beauty to the solutions as it analyzes the data and offers favorable data to businesses to boost operations and amplify outcomes. Today, most companies are embracing the Internet of Things but are unaware of the importance of data analytics and ignore it. They face losses and then switch back to their old processes and operations. Therefore using IoT and offered IoT solutions must be opted for after attaining full knowledge.

Today, IoT is making its space in almost every sector, from smart homes to smart buildings, from smart towns to smart cities, and from smart farming to smart logistics; one can see the influence of IoT in every sector.

Similarly, data analytics is also contributing from its end to add more value to every solution offered by the Internet of Things. For instance, in the baking process, the availability of raw ingredients is insufficient, and it does not come together without a recipe. The recipe brings ingredients together in a beautiful way and offers the best. So, if you are still untouched by the magic of data analytics, then you might be losing a lot of benefits and leverages offered by it.

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How will Smart Farming decide the Future of Agriculture
admin
March 13, 2023
IoT, Technology

How will Smart Farming decide the Future of Agriculture?

Today, farmers are facing more pressure than ever before. Demand for food is growing as the population increases, whereas agricultural land is used for urbanization. Not just this, the challenges caused by climate change are also decreasing the yield. Sometimes drought, sometimes flood, and unseasonal rain impact the total yearly yield, ultimately causing a shortage of food. 

In the coming years, agricultural enterprises must operate in new and adapted ways to achieve sustainability and the capability to survive. The latest and most advanced technologies, falling under the roof of  Smart Farming, provide opportunities for farmers to overcome unprecedented challenges while passing the agricultural way of life to future generations. This has led to a boost in the yield along with the profit. 

Unfortunately, local farms, including some in the world’s most fertile lands, are also declining today. Therefore, creating a viable business is becoming challenging, and farmers must find ways to work more smartly instead of shedding sweat in the field. 

Historically, agricultural structures demand immense amounts of time, money, and effort to order, unload, store, plant, monitor, cultivate, and harvest crops. 

Advanced smart farming technologies provide new methods to simplify the workflow and enhance operations, leading to robust businesses.

IoT’s Shining Agricultural Future

The Internet of Things (IoT) is the soul of this transformation process. Intelligent sensors are implanted throughout a farm that behaves like the eyes and ears of the farmers. It collects information about crops, the equipment’s condition, and performance. One of IoT technology’s most crucial characteristics is its ability to expand visibility to new endpoints. IoT empowers farmers with real-time monitoring and analytics systems through which they gain more insights into their operations and the capability to handle them more efficiently.

Let’s know some of the ways through which smart farming improves agricultural enterprises and will continue to do so in coming years:

1: Monitoring Crop Growth

IoT in the agriculture industry acts like a superhero; it assists farmers in improving the crop’s quality and the land’s fertility. Sensors integrated with IoT systems collect nutrient density information, allowing farmers to adjust the amount of fertilizer to be used. If any symptoms of infestation are observed, using pesticides can eliminate the invasion. In actuality, data-driven agriculture always empowers farmers because the information received permits adjusting activities imaging the current conditions, handling the crop cycle more effectively, achieving efficiency, and enhancing crop growth.

2: Improving Greenhouse Operations

Greenhouse IoT sensors improve visibility and automate traditional manual functions, making the entire process more efficient and automated. They gather and transfer real-time data, like air pressure, humidity, temperature, soil conditions, and light levels. In fact, water consumption can be managed with SMS or email alerts if any defects occur. In modified systems, adjustments are made automatically. The processes turn out to be more cost-effective and accurate, and operational performance improves.

3: Tracking Water consumption

Agricultural IoT supports farmers in monitoring water tank levels in real time by tracking the amount of water being used and the amount of water left in the tank. Smartphones provide intuitive reports that analyze trends and make recommendations in many cases. Farmers can alter water usage as needed, making irrigation more efficient and economical.

Predictive Equipment Maintenance

Farmers can monitor their land, vehicles, and other assets through IoT. Farmers wish to reduce downtime as the equipment is essential to daily operations. It offers a clear view of the device’s performance, which updates as the equipment operates. Advanced data analytics provides them with the required management insights. Artificial Intelligence and machine learning measure an asset’s typical efficiency and wear and tear based on metrics like vibration analysis, oil analysis, and thermal imaging.  

Predictive maintenance models depend on complicated algorithms to determine when an asset must be serviced, fixed, or retired. These insights come before the device stops performing. This assures that operations and processes at farms are continuous and seamless. The other advantages include lengthened machinery lifecycles, reduced downtime, and productive outcomes.

Smart Livestock Management

We all know that livestock management and monitoring demand good quality of time, effort, and money. Traditionally, employees are hired on farms to look after the health or injury of the cattle. The process is undoubtedly costly, highly unreliable, and inefficient.

IoT solutions terminate speculation when diagnosing an animal’s health by monitoring temperature, heart rate, blood pressure, etc. The information is sent through the wireless network to an application in real time.

Farmers can then access the mentioned information using mobile devices:

  • Each animal’s health condition and location in its herds can be checked from anywhere at any time.
  • Farmers can also check the peak mating time and season of the cattle.
  • Farmers receive alerts if a metric falls outside of the normal range.
  • Most suitable gazing spots can be easily determined.

Benefits to Agriculture and Personalized Services

By embracing smart farming technology, farmers can develop more suitable approaches, and this proficiency changes the relationship between customers and retailers. The farmers can emphasize consumers’ interest in sustainability and eco-friendly food while focusing on creating new strands of their products. They can then charge a premium for their products, enhance revenue and create a more substantial business.

Smart sensors automatically observe every facet of everyday agricultural work. This advanced technology allows farmers to automate real-time data collection, boost production volumes, cut down costs, reduce waste, and much more things that increase productivity. These many advantages are compelling farmers to spend on technology.

According to the worldwide smart farming review, investment in this field will increase from $3.715 billion in 2022 to $7.040 billion in 2026, a CAGR of 13.65 percent. It means farmers will have added hundreds of millions of IoT sensors to improve their everyday operations.

Steering Efficiency

Smart farming technology provides businesses with new ways to increase agricultural efficiency, reducing costs and boosting revenue. In other words, smart farming technology is most significant for the growth of modern farming, increasing the yield to meet growing demand and will keep agricultural industries viable in the future.

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admin
February 23, 2023
IoT, Technology

What is the Impact of IoT on Global Logistics Development

We all know that today, the logistics market is dynamic and has become competitive. In the last few decades, logistics has been redesigned not just because of rising competition and circumstances in the world but also because the Internet of Things (IoT) has dived deeper into the logistics niche.

As per KPMG reports, market challenges are compelling participants to find new development points for the business and recreate existing supply chains, like rail transit in the Asia-Europe direction. A high empty mileage decreases the efficiency of cargo transportation and causes congestion on the decided routes. Let’s look at modern IoT logistics solutions; and how they impact international logistics and transport.

What is IoT in logistics?

We can simply understand this technology through examples such as IoT, a modern smart refrigerator door that orders the delivery of your favorite pizza and drinks, or a smart kettle that brews your coffee in one click from a smartphone. There are smart sensors in agricultural fields and drones with high-pixel cameras that allows farmers to monitor the condition of the soil. The world will become an entire Internet of Things complex in a few more years. 

However, when we mention the word Internet of Things, the first relation of this smart and emerging technology links with smart devices and tools that are physically available. Yet, IoT goes far beyond this and especially in global logistics.

IoT Logistics Examples

With the reduced cost of technology, the size of IoT devices also decreases. It is now quite apparent that devices and instruments are getting smaller with the growing market. Smaller sensors gather a more significant amount of data through creative and non-destructive placement.

Let’s assess what modern developments have been designed for us besides the sensors.

Warehouse & Inventory Management using IoT

IoT sensors track inventory and furnish data that can be utilized in trend analysis to presage inventory needs. Goods are automatically repositioned with stacker cranes’ assistance, production time and labor costs are cut down, and the human factor is balanced because the robot does not need leisure hours. This will bypass under-stock and over-stock situations.

Tracking Goods From Purchase To Delivery

Traditional monitoring depends on scanning an order between points of delivery. Special tags like RFID or Radio Frequency Identification simplify the search operation by connecting to the cloud and sending location data more frequently than scanning. This might get you back to the QR codes or Data Matrix times. Yes, they can also be used by analogy, but unlike FID, optical codes have to be scanned individually for each item, which takes time.

RFID tags reduce unnecessary expenditure. On average, the precision of inventory levels is approximately 65 percent. Employing RFID raises it to 95 percent. BigData monitoring under RFID will identify the most persuasive couriers and truckers, choose the most efficient delivery routes, and more. If delivery staff show unexpected results, they are sent for further revisions.

Drone Delivery

Drones are remotely controlled and unmanned aerial vehicles and droids that can improve the speed and efficiency of various logistics infrastructures. It is no more a trend or novelty as today’s developments are improving the accuracy and speed of their movement. As per the CompTIA poll, drones are employed by companies of different sectors and sizes. They enable the automation of business processes and allow smart inventory tracking, fast product transportation, and prompt delivery from stores.

Future Insights of IoT in Logistics

The proliferation of the Internet of Things in the international logistics market generated $34,504.8 million in 2019. Prescient Strategic intelligence shows a steady CAGR of 13.2 percent by the end of 2030. Nowadays, crucial assignments of logistics companies are the following:

  • Assure just-in-time delivery.
  • Offer transparency in the supply chain.
  • Ensure the transparency of the transport cycle and grade of services.

The success of any logistics company depends on effective stock and warehousing management, automation of internal business processes, prompt delivery, and assuring the safe storage of goods. Data becomes helpful when it passes through this cycle. Wireless networks like Bluetooth, GSM, Wi-Fi, etc., offer information exchange in logistics processes.

IoT has now become part of all the sectors where transport is involved. That is, its impact and usage are just not limited to logistics and transport. Instead, it is used in manufacturing and retail trade, including e-commerce, hospitals, construction, and many other sectors. This enables transparency of processes in the supply chain, better and more stable work of transport and employees, and saves company resources.

The logistics business is attaining a new height after embracing IoT, as it provides efficacious solutions aimed at working with Big Data, speeding logistics supply chains, and many other things. This is supported by other advanced trends like the proliferation of the 5G Internet, the fast growth of mobile applications, and cloud services.

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Metaverse App Development Guide for Business
admin
January 30, 2023
Mobile Apps, Technology

A Comprehensive Guide for Businesses on Developing Metaverse Applications

What once started as a communication revolution in the form of text, images, and two-dimensional formatting has now begun to evolve into new dimensions. 

The metaverse has been part of our lives in some way or another for a certain time, but the advancement of critical technologies has considerably driven how to define and use the web. As business owners are working hard to remain on top of the competition, one needs to stay aware of the technologies of this space if one wishes to develop applications and even entire digital worlds for their customers. 

Let’s discuss the technologies used in metaverse app development and how businesses can make their metaverse applications.

The Metaverse for Business in detail

Neal Stephenson’s Snow Crash coined the phrase that turned out to be the name for the metaverse, and executives like Mark Zuckerberg are pivoting the book’s prognostic forecasts of business, the economy, and society into a reality. As defined in modern business, the metaverse is a mesmerizing next step of the Internet where users can participate in virtual, immersive worlds. 

As per Bloomberg, metaverse technologies will expand to the $800 billion market by the end of 2022. If businesses wish to stay pertinent throughout the evolution, they must stay on top of the technologies steering the growth of ‘web 3’ forward. 

Technology Route for the Metaverse Development

Several technologies support metaverse expansion. Comprehending each of them and identifying where they intersect is integral to innovation.

What is the Role of Virtual Reality and Augmented Reality in the Metaverse

Today, Virtual Reality is addressed as one of the most innovative technologies pushing the metaverse forward, but it has several constraints. Since these are rising technologies, the world isn’t very welcoming of this easily accessible Virtual Reality. This is due to limited mobility. To experience Virtual Reality, the user must have a bulky VR headset that restricts the head or body movements required to get the whole experience. Additionally, the cost of VR devices is high, and there are yet to be standards for Virtual Reality, so content developed for one platform may not work with another.

Another way Augmented Reality can be used for a more intensified experience is through the ‘try before you buy’ retail strategy. With virtual fitting room technology or similar technologies, buyers can try on items virtually with AR before deciding to purchase.

For this- IKEA is the best example of how this functionality extends to interior design and furniture, as it allows shoppers to place virtual furniture in their house to see how it may look before buying it.

Natural Language Processing (NLP)

Natural language processing is a subdivision of artificial intelligence necessary for the growth of the metaverse. It is an advanced way for AI to interpret and imitate human speech. It will be an excellent way for users and AI to communicate through customer service chatbots and virtual assistants. Not just this, but it will also make the metaverse more accessible to different groups of people. For instance, conversational artificial intelligence allows rich real-time language translation, even if challenging. 

Also, a non-monotonic relationship exists between the source speech and target translations. It indicates that the words at the end of the speech can impact words at the beginning of the translations. This implies that there is no actual real-time speech translation because there is always the need to check the translated text’s consistency against the original speech. There is a slight delay even when we cannot see it. 

Therefore, you require developed algorithms to stabilize live speech translation, as Google accomplishes in its Google Translate to lower the number of re-translations.

Internally, real-time speech translations can be organized as follows: the user says something, the user’s speech converts into a text, and the text is further translated into another language. Once the speech is ended or paused and the final re-translation is completed, the text converts into a speech using speech-to-text technologies. 

Natural language processing also offers live captions for users having hearing impairments. For example, AI technology can immediately transcribe the conversation of a group of people, making communication within a metaverse application available to users with hearing disabilities.

Virtual Assistant Technology

NLP also develops digital voice assistants and AI avatars that can enable users to the hand-free operations of their devices and provide targeted recommendations. Meta is already designing a voice assistant that will be used in the metaverse applications in the coming years. 

Virtual assistants can conduct language translation, financial management, and many other things. The picture of users in the metaverse as AI avatars or digital humans also depends on NLP. Conversational AI lets avatars process and comprehend human language and respond to voice commands. Last year, NVIDIA introduced the Omniverse Avatar modeling platform, which permits the development of virtual versions of people who identify speech and capture emotions on users’ faces. 

Customer service is one crucial role virtual assistants can help with in the metaverse. The shopping experiences in the metaverse will be highly captivating, and conversational AI will be beneficial for letting shoppers ask virtual customer service avatars about the attributes of the goods, payment terms, discounts, and the like.

Computer Vision

Computer vision allows machines to develop better digital copies of objects, identify images and patterns, and even determine the expressions and perspectives of users. One of the constraints of VR and AR experiences is control. Hardware controllers, gloves, or other kinds of physical devices are used to input into the device. 

However, the computer can make this experience more natural by using hand tracking. Users can interact with their devices more naturally and freely by remembering gestures and finger positions. This is how it can work. AR execution includes coordinating the cell phone’s video camera and LiDAR. 

A video camera captures the video/image of the real world and the user’s hand. LiDAR calculates the distance between the natural world and the user’s hand. Using this information, one can correctly place virtual objects on the phone screen. Therefore, from the user’s perspective, the virtual objects look like a part of the real world. 

With computer vision technologies, we can identify if the user tries communicating with the virtual object with the hand. For example- Placing the virtual object in a cart in a virtual shop or animating objects( useful, especially for AR-interactive games).

Computer vision in the metaverse is not limited to this; ReadyPlayerMe utilizes face recognition to produce a virtual avatar using a user’s selfie. Most video games and platforms need users to produce a brand-new avatar for each service. However, these avatars made by computer vision are designed to be utilized across thousands of different platforms.

Internet of Things (IoT) and the Metaverse

Artificial Intelligence is just a component of the metaverse story, and it is not the answer to every question and challenge that developers face while developing metaverse projects. AI demands high-quality data, and data needs to be collected from somewhere. Internet of Things devices and sensors are essential for getting high-quality real-time data to AI systems for analysis.

One of the most valuable uses of IoT in the metaverse is digital twins; This technique uses IoT sensors to develop a digital version of an environment or system. VR depends on virtual environments and can develop a virtual picture of an environment using sensors.

The metaverse is not just a new thing to the digital world but a junction and uniform crossover between the real and digital worlds. Integrating augmented reality technologies with IoT sensors can bring the real world into the digital and turn digital into the real world. This merger will revolutionize metaverse technologies.

The Blockchain’s Role in the Metaverse

Blockchain platforms, a global and decentralized system, are in demand for their use in metaverse projects. Centralized data storage is a challenge in the metaverse because of the obstacles to the flow of information. Open solutions such as blockchain enable a more fluid flow of information and assurance of ownership for digital assets. This causes high demand for developing systems that aid cryptocurrencies and non-fungible tokens.

Today, Non-fungible tokens, or NFTs, are one of the most promising ways to create the metaverse economy. Since every token is unique, it is a dependable proof of digital ownership registered in the blockchain. For instance, users can purchase in-game assets and digital real estate as non-fungible tokens that symbolize the privilege of owning these items.

3D Modeling

We all know that the metaverse depends on virtual worlds, and today 3D Modeling is a skill in demand. It begins with decorating homes to creating skins for avatars; Modeling is something virtual worlds can only do with. Today, a large number of objects need to be digitized, and IoT sensors need to be used to develop digital twins of environments.

Large databases must be made of real-world objects that have been ‘3D captured’ and digitized.
However, this is not easy as there are challenges to digitizing the real world. The higher resolution of an object means the more excellent memory it will use. Therefore finding space for these objects and rendering them on lower-end hardware is not also feasible. This is challenging for VR support as VR experiences have to be set at higher frame rates to manage immersion.

However, when all the objects in a scene have high poly counts, their performance is next level. Handling this is essential for providing successful metaverse experiences.

Metaverse Software Development: How to initiate a Project

As we resume the wild west of the development of the metaverse and web 3.0, there are limitless opportunities for ideas to turn into reality. The most important thing is that a business should stay competitive at any cost, even if these technologies bloom the ideas that raise the wave of disruption or if these ideas enhance the potential of your business to reach the untouched markets.

For example: Let’s say your team wants to create an immersive retail store using metaverse technology. To execute, the project would require a fully 3D VR environment for objects to serve as products. This virtual store would also require digital customer service agents to assist users in finding their needs.

The metaverse use cases don’t limit there. It is used in the virtual meeting room where you and your colleagues can communicate as avatars. Not just this, imagine a designer could decorate, decide and change the color of walls and furniture in the VR metaverse. Yes, Modern technology can make all these things possible.

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How IoT supports Electric Vehicle Charging and Keeps EVs Running
admin
January 3, 2023
IoT

How IoT supports Electric Vehicle Charging and Keeps EVs Running

The evolution in the vehicle industry is remarkable. The increasing vehicle demand is not just consuming natural crude oil but also giving pollution as its by-product. The increasing temperature of the earth is significantly impacting the lives of humans as well as animals. This menace is not just limited to living organisms but also disturbs the climate and ecology. 

With the emerging need to control the increasing pollution and make a drive more comfortable and safe, the addition of electronic vehicles is applaudable. Today, Electronic vehicles that are EVs have taken an ambitious place in many car manufacturing companies, proudly joined by Tesla, which is launching all-electric models. Electronic Vehicles are the need of the hour. 

With this remarkable evolution and acceptance by the crowd, there is an inevitable demand to have a solution to keep these cars charged outside of a home. 

Besides supplying the electricity to charge an electronic vehicle, electric vehicle charging stations provide a wealth of information to owners, operators, and drivers. The credit for these things goes to the Internet of Things and cellular connectivity.

Electric cars parking and charging lot.
Electric cars parking and charging lot

The futuristic IoT Charging Stations: Charging EVs

An Electronic Vehicle charging station is connected to IoT and offers numerous benefits to the operator and consumer. If we take up the consumer’s perspective, there is a lot of information and knowledge one needs to acquire, like the location of the charging stations installed on the way. How much time will it take to get the EV charged fully? How much will it cost? These are sets of questions that EV charging stations can answer. And often, these stations have facilities to pay directly from a mobile app because of IoT, making things convenient for EV owners. 

And if we take the operator’s side, IoT enables operators to achieve critical information about each EV charging station without physically visiting the station. It informs the operator about how often it is being used to alert for the upcoming maintenance required or failure of the machine. All of this information can improve efficiency, which, ultimately, helps in improving ROI. It helps in scheduling preventative maintenance or decreasing on-site time with the devices.

However, we are still living in the initial days of EVs, and we anticipate improvement in adoption and innovation with the government’s recent push to spend on climate change initiatives. 

Inflation Reduction Act: Funding in Climate Change

The Inflation Reduction Act has become a topic for discussion this summer. This broad proposition was created to encounter inflation, bargain prescription drug prices, and extend the developed Affordable Care Act program for three years. It invests in manufacturing, domestic energy production, and lowering carbon emissions.

The Energy Security and Climate Change Investments in the Inflation Reduction Act aimed to control energy usage, and positioned the U.S. on the route to minimize carbon emissions approx 40 percent by the end of 2030. This bill targeting the reduction in carbon emissions holds many vital aspects, including reducing energy costs for citizens, increasing energy security, attracting more investment for decarbonizing all sectors of the economy, funding disadvantaged or remote communities, and supporting resilient rural communities.

Inflation Reduction Act: Helping EV Growth

Compared to vehicles that run on natural gas or diesel/petrol, Electronic vehicle causes less environmental impact. It has been proven to be a better option that not just solves the traveling issue but also helps in saving the environment.

Everyone in the industry, either its manufacturers who build EVs or the consumers who enjoy the drive, can leverage the benefit. The benefit offered by Electronic Vehicle also includes:

  • Up to$10 a billion investment tax credit to develop clean technology manufacturing facilities, including those companies that manufacture electric vehicles, wind turbines, and solar panels.
  • Almost $2 billion in assistance to retool existing auto manufacturing structures to manufacture clean vehicles.
  • Up to $20 billion in loans to construct new clean vehicle manufacturing buildings across the country.
  • Govt is providing tax credits and assistance for clean fuels and commercial vehicles to decrease emissions from all parts of the transportation sector.
  • Almost $1 billion for promoting clean heavy-duty vehicles.

The Inevitable Demand for Connectivity

The development of IoT and its endless potential has changed the outlook of the entire world. From smart towns to smart streets, smart hospitals to smart homes, smart tv to smart bottles, IoT has leveled up the world and improved efficiency. The addition of IoT in almost all sectors, including electronic vehicles, has changed the working process while improving user experience.

The collaboration of IoT with Electronic Vehicles also marks that IoT holds the potential to save the environment and ecology; we just need to work more on this technology and exploit it to its full potential. In the coming year, we can expect more innovative solutions that will improve the service quality and also promise to stay environmentally friendly.

However, the introduction of electronic vehicles and the addition of IoT will indeed require more investment and evolvement. There are some challenges that need to be addressed. The extensive spending on clean vehicles will also drive the need for more connected charging stations across the country to support consumers, operators, and commercial vehicles. Electric vehicle charging stations driven by IoT will shortly become essential and significant support for all EVs.

Nevertheless, EVs will be the lifeline of the future transportation system, and IoT, along with other technologies like Artificial Intelligence and Cloud, will become its spinal cord. 

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Need Enterprise IoT Solutions for Digital Transformation
admin
December 20, 2022
Digital Transformation, IoT

Why do We Need Enterprise IoT Solutions for Digital Transformation?

We all are well aware of the changes brought by digital transformation, or we can say that digital transformation has achieved many advancements in the past few years. However, the primary question remains: Why do we need Digital transformation? The answer is that to stay competitive, businesses must adopt digitalization. It is mandatory to maintain the minimal digital standard. So, the question should be changed to What are the benefits offered by digitalization to the company?

Let’s assume that company is already leveraging the benefits offered by digitalization. But not everyone can implement or execute it seamlessly, especially considering the highly structured nature and operations in the difficult-to-reach area, increased safety requirements, and a small room for risk.

These challenges are commonplace in sectors like construction, agriculture, and mining. Luckily, the technologies backing digitalization are regularly upgrading to provide the most suitable combination of digital solutions for successful digital transformation. Let’s know how companies can start or continue digitalization using enterprise IoT solutions without the hassle.

Why go Digital?

Digital transformation has not been limited to desktop computers. The level of digitalization in a company can be estimated by the digitalization of its assets, usage, and labor. Product companies must enhance their products using digitalization, for example, by customizing thermometers or developing an agricultural product range with a digital irrigation system. 

According to recent statistics, almost 70% of companies embrace and have a digital transformation strategy or perform on it. These organizations represent the following reasons why digitalization can be advantageous for them:

  • Top Benefits of Adopting a Digital Model

Top Benefits of Adopting a Digital Model (Source: IoTForAll)

It is apparent that many of these factors are interdependent or outcomes of the same digital improvements. For example, by replacing the old-traditioned button-operated interface with the sensor interface in a tabletop printer, a company could boost its final product quality, which naturally impacted operational efficiency. Therefore, having a clear goal is vital for a potent digital strategy. A more thorough approach means a more valuable outcome. This is true for production and enterprise process improvement, as digital enterprise processes can enhance performance while IoT can speed up adoption.

Business IoT Solutions & Digital Transformation:

These four core target components give a holistic look at the digital enterprise of today:

  • Automation
  • Efficiency
  • Security
  • Maintenance

IoT-embracing companies are already familiar with the benefits and vital points of the IoT ecosystem development strategy. IoT adoption is considered one of a company’s digital indicators. However, it is more reasonable to consider IoT as a tool for enterprise organizations for transformation. This approach empowers to counter any inflated expectations, for instance, executing IoT components and expecting the company’s revenue to skyrocket. It is necessary to ensure that each tool is used appropriately and strategically.

Digital Strategies: 

An IoT implementation process is more intricate than various digital strategies. This is why we call it an IoT ecosystem, where all the components, from sensors to people, communicate with each other to achieve the primary business goals. Besides their extensive nature, IoT ecosystems are adaptable and permit companies to enforce them irrespective of their digital level.

Therefore, we suggest Enterprise IoT solutions for these two main digital strategies:

  • Initial digitalization: By creating an IoT ecosystem, businesses become digitized. By integrating crucial equipment, assets, vehicles, or cargo into intelligence, one can get real-time status, monitor environmental conditions, people’s activities, track location, etc. By adding analytical tools to the IoT ecosystem, one can predict equipment failure, create optimal routes or detect failure due to human factors. One can even add a cybersecurity program due to the potential vulnerability of the endpoints.
  • Advanced digitalization: Besides the capacity to deliver the vector for further business development, Enterprise IoT Solutions are best to estimate the other vector for the digital development of a company. For instance, if you execute a machine vision for improving QA processes at the first step, it is easy to track its efficiency and pick up complementary solutions. When all the essential assets are implanted with IoT sensors, companies can implement a digital twin and meticulously investigate data in their ecosystems. Therefore, you can get a solid analytical advantage empowering you to predict trends or simulate cases.

Enterprise IoT Challenges & Solutions

To know how to accelerate transformation, we must comprehend what slows down this process. Let’s know the major digital problems and solutions to overwhelming them.

1. Inventions Can Cause Disruptions:

Adding innovations brings a change in working models. This is true for highly structured sectors like mining, rail, and construction. Thus, they should regard digital solutions with structure in mind. The best benefit is that IoT technologies are flexible and can incrementally.

Now, we are familiar with successful cases of how some traditionally unsuccessful industries in digital have soared there in recent years. For example, in 2015, healthcare was one of the least digitized industries. But the story changed within three years, and in 2018, it became one of the top digital business strategy adopters, along with the financial and service sectors. Telemedicine, smart pharmacy, wearables, and smart hospitals have become part of the world; this shows that the healthcare sector is successfully managing the enterprise IoT adoption and will keep embracing it.

2. Lack of Safety:

If an enterprise IoT integration is technically challenging, the organization should spend more time on marketing research. The statistics are open, and enterprise IoT providers are updating their technical tools to outstretch the potential implementation area. In mining operations, which are usually held in vast and remote areas and have less connectivity, the best and most convenient solution is implementing mesh nets to ensure a reliable IoT ecosystem. As a result, one can monitor the entire area and get to know the health status of the machines.

3. Resistance:

Line workers are less resistant to innovation. Top management is typically the most resistant as they are responsible for the business. It is the only right decision to approach innovations efficiently by calculating all pros and cons. 

Therefore, higher-level leaders should get precise reports on how particular Enterprise IoT solutions will impact the business processes and revenue of the company. While making an execution strategy, it is essential to calculate all the situations, risks, and ROI and intercommunicate accurate statistics. Thus, there is a high possibility that a technology important for a specific enterprise will be backed.

IoT Ecosystem for Business Goals

Taking the IoT ecosystem not as an end goal but as an effective instrument to achieve business goals using digital transformation is more beneficial. Organizations’ main objectives are improving operational efficiency, meeting customer expectations, and enhancing new product quality. By enforcing enterprise IoT solutions, it is easy to get real-time insights. Enterprise IoT solution is compatible with initial and advanced digitalization as they can analyze large volume of data.

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How IoT Boosts the Micro Mobility Market
admin
December 8, 2022
IoT

How IoT Boosts the Micro Mobility Market?

The Internet of Things is no new thing in the tech market. Just look around, and you’ll find that most of the gadgets and comfort offering solutions are connected to IoT. One of the most popular and known solutions is your virtual assistant,” Alexa.” The way that device handles other internet-connected devices in our homes is incalculable. But limiting the character and usefulness to just these things would be unfair. IoT is also immensely used in logistics, manufacturing, industrial automation, and many others. Not just this, IoT is also being used in the micro-mobility sector.

Any idea about micro-mobility?

The word micro-mobility directs to lightweight transportation for individuals. It shields different transportation options that weigh less than 500kg (1200 lbs). 

Some examples are electric scooters, bicycles, e-bikes, segways, electric skateboards, etc. Micro-mobility is very different from vehicles that are used for long distances. It focuses on short distances and generally for less than five miles. There are considerable advantages to the micro-mobility market, which is the reason behind the huge investment made by tech giants. In 2020 investment in the micro-mobility market was $800 million. This scenario rocketed after the lockdown restrictions were removed. The micro-mobility brands drew around $2.9 billion in 2021.

Advantages of the Micro-mobility Market: 

Let us know three specific benefits of the micro-mobility market that support these high investments:

1: Convenience

One of the most popular and justified benefits is convenience. Transportation options can help customers reach their destination early and with comfort.

2: No Parking Issues:

Parking is one of the major issues in big cities, but micro-mobility can solve this problem. You will never again face parking issues by using micro-mobility transportation choices like segways and hoverboards.

3: Cost-Effective:

As micro-mobility involves ride-sharing, it will automatically become cost-effective; you can rent without requiring any license for hoverboards or e-bikes.

Challenges Faced by the Micro Mobility Sector

The idea of micro-mobility appears appealing, but some challenges hinder the growth of businesses. However, there is zero to be upset about as long as IoT exists, as it has the potential to advance the micro-mobility market.

Data Sharing:

Suppose your own a firm that has 100 ebikes throughout the city. People take your ebikes but pay less attention to the charging levels, and why would they? They are your service bikes, and it’s your responsibility to take care of them. Well, not just this, there are many other issues like ending the ride midway, navigation issues, leaving the vehicle anywhere, and overriding the ebike that can cause damage and revenue loss.

Therefore, there is a need for a solution to collect all the necessary data about the vehicle from time to time. With IoT-connected devices like highly sensitive sensors, one can quickly get all the data related to the vehicle for analysis and make informative decisions. Moreover, adding IoT sensors will also make it manageable for you to transfer data with the traffic authorities to watch vehicle activity in a good way.

Riding Behavior:

It is pretty noticeable to see people riding aggressively on the road. This can be inspired because of different reasons like road rage or time-saving. However, no reason justifies the purpose as it can distract or put other’s life at risk. With IoT sensors installed on the vehicles, businesses can check the vehicle status and warn the rider by sending messages.

For instance, if a person is riding at high speed or cutting the lane often, sensors can record the data and share it with the related authorities for further action. This can protect vehicles from damage and save companies from getting banned due to abnormal riding behavior.

Safety:

Whether a car or a scooter, safety remains the top priority for micro-mobility service provider companies. It is essential to integrate features that protect the riders. These added features are not just limited to safety but also allow businesses to meet government requirements to secure their business.

Theft and Vandalism:

A micro-mobility company’s worst loss is when a vehicle is damaged or lost. Therefore, it is necessary to install proper security measures to prevent this from happening, and yes, IoT can help with this. By implanting a few IoT sensors, companies can stop stealing ebikes. Additionally, these sensors can also be connected to other systems to initiate warning messages.

If it is a genuine user, they can use their phone to get an OTP and use the ebike. Further, the vehicle can have environment-mapping sensors to prevent vandalism.

Scaling Service:

IoT can help in business scaling, but the critical challenge with IoT is that one needs to modify the complete system to upscale instead of a single one. The most feasible option is to get the most suitable IoT service providers. A single service provider will promise smooth and seamless scaling as the operator would have knowledge of your business operations.

Compliance:

Compliance with government standards and norms can hinder growth as they may change and be difficult to follow. However, if state-of-the-art IoT solutions back you, they can become more accessible. IoT sensors can be employed to keep riders stay within speed limits. It can guarantee that vehicle is parked at the right spot. In fact, smart sensors can also guide the riders to the nearest charging station. These criteria also guarantee that riders do the right thing and that government norms are obeyed.

IoT and Micro-mobility

IoT can support the upheaving micro-mobility market, but the only condition is that this will demand colossal investment. Once an investment is made, all other systems are managed, and only timely maintenance and upgrade is left. Investment in IoT for the micro-mobility sector promises a better future and benefits, and various tech giants like Uber and many others are forwarding toward it. This shows that micro-mobility holds a great scope in the coming years. It not just brings transportation at ease but also promises its contribution towards the environment by reducing the dependency on crude oils. The integration of micro-mobility with IoT makes it safe and futuristic.

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