Supply chain management is undergoing rapid transformation with IoT technology. The use of IoT technology is bringing the digital and the physical worlds together. The mapping of physical objects in the digital space is possible with IoT technology; it is also transforming the way supply chain management solutions are developed and work. Read More “How IoT is changing Supply Chain Management”
The computing world is changing with IoT faster than most people realise. The new wave of computing is smart sensors, equipments & devices that can talk to each other without manual interactions. These devices are intelligent enough to take proactive actions & enable human beings with capabilities never seen before. Internet of Things (IoT) sensors and devices are expected to exceed mobile phones as the largest category of connected devices in 2018, growing at a 23% compound annual growth rate (CAGR) from 2015 to 2021 as per 2016 Ericcson Mobility Report. Read More “How Enterprise Asset Management is changing with Internet of Things”
The banking industry is poised for disruptions. Technology is changing banking like never before. The evolution of mobile payment systems, online purchasing, peer to peer lending platforms and several other Financial Tech start-ups are creating a revolution in the banking industry. The banks are under immense pressure from technology companies, global financial crisis and looking at ways to bolster their performance. Consumers are on the lookout for more convenient ways for transactions with mobile banking and digitalisation. Banks have to proactively seize the opportunities before it is too late for them.
Internet of things is the new buzz in the world of technology. Businesses are now keen to leverage this wave of technology to their advantage. The software as a service model is enabling the internet of things to develop applications that are powering businesses. The data from devices is collected, analysed and used to trigger business decisions. The smart devices, sensors, cloud networks & intelligent softwares are driving the IoT wave. IoT applications are all pervasive. Whether it is applications for personal use, business decisions, asset monitoring, public infrastructure or managing home from your mobiles, IoT makes these possible. Here is a look at some of the applications of Internet of things that can shape the future and create an impact in the world.
Intelligent systems for a more connected world
The internet of things is a digital representation of the physical world. The internet of things is an interconnected ecosystem of the devices, data and objects surrounding us. As per industry estimates, approximately 3.9 billion connected things were in use in 2014. According to Gartner, the figure is expected to be nearly 26 billion connected devices by 2020. An unprecedented growth in the connected devices has made the use case for IoT stronger than ever before. The digital space represents the connected objects equipped with RF identifiers and wireless networks. The IoT enables to collect, measure, store and analyze information from these devices.