IoT Archives - Tech Research Online Knowledge Base for IT Pros Tue, 13 Feb 2024 09:08:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.5 https://techresearchonline.com/wp-content/uploads/2019/09/full-black-d_favicon-70-70.png IoT Archives - Tech Research Online 32 32 The Internet of Things (iot) Is Enhancing Our Lives In Many Ways. https://techresearchonline.com/blog/the-internet-of-things-iot-is-enhancing-our-lives/ https://techresearchonline.com/blog/the-internet-of-things-iot-is-enhancing-our-lives/#respond Wed, 22 Feb 2023 12:47:04 +0000 https://techresearchonline.com/?p=304554 The Internet of Things (IoT) is a fascinating idea that combines both theoretical and practical elements. It is transforming the physical world as we know it by creating new and exciting opportunities that are hard to imagine. Through IoT, objects can communicate with each other and send notifications to our phones, becoming more specialized, personalized, and intelligent to meet our specific needs. Although we have only just begun this journey, IoT will greatly impact every aspect of our daily lives soon. IOT in Healthcare The Internet of Things (IoT) has significantly impacted the healthcare sector. Here are a few ways in which IoT has transformed healthcare: Remote Patient Monitoring The IoT devices can collect patient medical data and transmit it to healthcare providers in real-time, enabling them to monitor patients remotely and provide prompt care if necessary. IOT in Medical Devices IoT has enabled the creation of smart medical devices that can track, diagnose and treat patients effectively. For example, wearable devices can monitor vital signs and transmit data to healthcare providers for analysis. IOT Inventory Management IoT technology can track medical supplies and equipment, helping healthcare facilities to manage their inventory more efficiently. Clinical Decision Support IoT devices can …

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The Internet of Things (IoT) is a fascinating idea that combines both theoretical and practical elements.

It is transforming the physical world as we know it by creating new and exciting opportunities that are hard to imagine. Through IoT, objects can communicate with each other and send notifications to our phones, becoming more specialized, personalized, and intelligent to meet our specific needs. Although we have only just begun this journey, IoT will greatly impact every aspect of our daily lives soon.

IOT in Healthcare

The Internet of Things (IoT) has significantly impacted the healthcare sector. Here are a few ways in which IoT has transformed healthcare:

Remote Patient Monitoring

The IoT devices can collect patient medical data and transmit it to healthcare providers in real-time, enabling them to monitor patients remotely and provide prompt care if necessary.

IOT in Medical Devices

IoT has enabled the creation of smart medical devices that can track, diagnose and treat patients effectively. For example, wearable devices can monitor vital signs and transmit data to healthcare providers for analysis.

IOT Inventory Management

IoT technology can track medical supplies and equipment, helping healthcare facilities to manage their inventory more efficiently.

Clinical Decision Support

IoT devices can provide real-time data to healthcare providers, allowing them to make informed clinical decisions and improve patient outcomes.

Predictive Maintenance IOT

IoT devices can monitor and predict when medical equipment will require maintenance, reducing the risk of equipment failure and improving patient safety.

Driving & Traffic

Today, IoT has significantly impacted our driving and traffic issues. For example:

Connected Cars:

IoT has allowed cars to become connected devices that can communicate with each other and with infrastructure such as traffic lights. This enhances the driving experience and helps to reduce traffic congestion and accidents.

Smart Traffic Management:

Devices such as sensors and cameras can monitor and analyze traffic patterns, allowing for real-time adjustments to be made to traffic lights and routing systems to improve traffic flow.

Predictive Maintenance:

IoT technology allows us to monitor the wear and tear of our vehicles, letting us know the predictive maintenance required and reducing the likelihood of breakdowns and accidents on the road.

Improved Road Safety:

IoT-enabled devices such as sensors, cameras, and alarms can detect potential road hazards, alerting drivers to potential danger and helping to prevent accidents.

Groceries

Groceries Nowadays, you can purchaseNowadays, you can purchase refrigerators with built-in cameras, allowing you to view their contents even when you’re away from home. In the future, these refrigerators will be equipped with sensors that detect when you are running low on groceries such as milk, eggs, or butter and automatically send a shopping list to your phone. Retail stores may use this information to send reminders to purchase specific items based on your past buying behavior and general trends. This means that while you are shopping at the grocery store, you will receive reminders on your phone to make sure you never have to make an unnecessary trip back.

Home Security

The Internet of Things (IoT) has improved home security in several ways. Smart locks, cameras, and sensors allow homeowners to monitor and control access to their homes remotely. In the case of a security breach, homeowners can receive alerts and notifications on their smartphones, allowing them to respond to potential threats quickly.

Home Security The Internet of Things (IoT)

Additionally, Internet of Things-enabled devices such as motion detectors, smoke and carbon monoxide sensors, and smart doorbells can detect and alert homeowners to potential hazards or intrusions in real time. Through automation, Internet of Things-enabled systems can also control lighting and adjust the temperature, creating the illusion that someone is home even when they are away. In this way, Internet of Things has made home security more efficient, convenient, and effective.

Energy Conservation

The Internet of Things has helped us conserve energy in our homes. Some ways in which Internet of Things has contributed to energy conservation include:

Smart Thermostats:

IoT-enabled smart thermostats allow homeowners to control their home’s temperature remotely, monitor usage patterns, and make adjustments to reduce energy consumption.

Energy Monitoring Devices:

IoT-enabled devices can monitor and track energy usage in real-time, providing insights into where and how energy can be optimized.

Smart Lighting:

IoT-enabled smart lighting systems can be programmed to turn lights on and off automatically based on occupancy, reducing energy consumption and cost.

Smart Appliances:

IoT-enabled appliances can be programmed to run during off-peak hours when energy demand is low, reducing energy consumption and cost.

In conclusion, Internet of Things has made energy conservation at home more accessible, efficient, and convenient. By providing real-time data and automation capabilities, Internet of Things has empowered homeowners to take control of their energy usage and make more informed decisions about how to conserve energy.

Wearable Technology

Wearable tech has received the most focus in Internet of Things discussions till now. Many wearable devices are in their 2nd or 3rd iteration, with improved designs and more compatibility with other systems. Ranging from sleep monitoring, and hearing aids to tracking physical activity during exercise, wearables have become more advanced. They can link to social media and gather data to analyze behavior and enhance our lives.

The IoT Devices and Mobile App Development

The Internet of Things and mobile app development form a seamless partnership. These technologies work together seamlessly to facilitate communication between machines and humans, leading to improved business efficiency and an enhanced user experience.

The market for IoT is expanding quickly worldwide and is expected to grow from $478.36 billion in 2022 to $2,465.26 billion by 2029. This substantial growth presents ample opportunities for mobile apps to expand their footprint within the IoT.

As various industries embrace digital transformation, the demand for smart connected devices and associated apps continues to grow.

IoT and the mobile app sector are closely linked, with Internet of Things providing opportunities for the app sector to expand into new areas and reach new heights.

The Final Say

If you’re looking for professional mobile app development services to feature IoT devices, hire a company like Hoff & Mazor. Hoff & Mazor is a leading provider of top-quality mobile app development service.

They use the latest IoT technologies and best practices to create apps that are easy to use, intuitive, and engaging.

Therefore, if you’re looking for a partner to help you create a powerful and impactful mobile app, look no further than Hoff & Mazor.

Also Read : A Guide to IoT Security: Protecting Your Connected Devices from Hackers

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A Guide to IoT Security: Protecting Your Connected Devices from Hackers https://techresearchonline.com/blog/a-guide-to-iot-security/ https://techresearchonline.com/blog/a-guide-to-iot-security/#respond Fri, 03 Feb 2023 12:04:54 +0000 https://techresearchonline.com/?p=274899 Summary: IoT security is an important issue that requires a proactive approach to protect connected devices from hackers. There are many ways to better arm yourself against hackers and they include: using strong, unique passwords, enabling two-factor authentication, keeping devices and software up to date, and many more. Education is essential to understanding the risks of cyber-attacks and taking proactive steps to protect yourself. Simple habits like using strong passwords and keeping devices up to date can go a long way toward protecting your devices from hackers The Internet of Things (IoT) continues to expand and become an increasingly integral part of our daily lives. These days, It’s more important than ever to ensure that we practice well-implemented IoT Security. Hackers constantly find new ways to infiltrate and exploit IoT devices, putting sensitive information and personal privacy at risk. Hence, there is a need to protect internet-connected devices from cyber-attacks and unauthorized access by implementing IoT security. These devices, also known as IoT devices, include smart thermostats, security cameras, and smart appliances. In this article, we will provide a comprehensive guide to IoT security, covering the most effective ways to protect your connected devices from possible threats. From understanding the …

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Summary:

  • IoT security is an important issue that requires a proactive approach to protect connected devices from hackers.
  • There are many ways to better arm yourself against hackers and they include: using strong, unique passwords, enabling two-factor authentication, keeping devices and software up to date, and many more.
  • Education is essential to understanding the risks of cyber-attacks and taking proactive steps to protect yourself.
  • Simple habits like using strong passwords and keeping devices up to date can go a long way toward protecting your devices from hackers

The Internet of Things (IoT) continues to expand and become an increasingly integral part of our daily lives. These days, It’s more important than ever to ensure that we practice well-implemented IoT Security. Hackers constantly find new ways to infiltrate and exploit IoT devices, putting sensitive information and personal privacy at risk.

Hence, there is a need to protect internet-connected devices from cyber-attacks and unauthorized access by implementing IoT security. These devices, also known as IoT devices, include smart thermostats, security cameras, and smart appliances.

In this article, we will provide a comprehensive guide to IoT security, covering the most effective ways to protect your connected devices from possible threats. From understanding the common vulnerabilities of IoT devices to introducing strong passwords and transitioning to secure networks. We’ll cover key some IoT device security concepts and effective IoT security solutions.

What is IoT Security and What are The Threats It Protects Us from?

IoT security refers to the measures taken to protect internet-connected devices from cyber-attacks and unauthorized access. These include smart thermostats, security cameras, and smart appliances. These devices, which make up the Internet of Things (IoT), are susceptible to a large range of cyber threats such as malware attacks.

Many of these devices tend to cut corners to reduce costs, which leads to potential vulnerabilities. Naturally, this implies that the manufacturers of these devices have not taken enough steps to protect against IoT threats. As a result, these devices can be easily hack and used to gain access to networks and personal information.

In addition to traditional cyber threats, IoT devices also pose a physical security risk. Hackers can break into connected security cameras and use them to monitor unauthorized areas. Similarly, a smart lock could be hacked and used to gain unauthorized access to a building.

The risks of IoT security extend beyond individual devices and can also impact entire networks. For example, someone could intrude into a network of connected devices as a platform for a coordinated attack. This can cause widespread disruptions, outages, and serious damage to infrastructure.

(Source: Check Point)

What Are The 5 Ways To Protect Your Connected Devices From Hackers?

There are many different ways to add an extra layer of security against hackers for your IoT devices. Each way varies in effectiveness and cost. However, we have compiled the 5 that are most convenient to implement and boost your IoT security with actionable steps:

  1. Avoid weak passwords
  2. Make use of Two-Factor Authentication (2-FA)
  3. Ensure that you always have the latest software updates installed
  4. Avoid using unfamiliar networks
  5. Use firewalls and antivirus software

We will look at each of these IoT device security concepts and effective IoT security solutions in detail. See how IoT security can be implemented in your connected devices to protect yourself from any cyber-attacks.

1. Avoid weak passwords

To start, one of the most effective ways to start working towards a secure IoT ecosystem is to protect your connected devices from hackers. This can be through using strong, unique passwords for each of your accounts. As a general guide, these passwords should be at least 8 characters long and have a mix of special characters.

This goes without saying, but avoid using common words or phrases as your passwords. These include “password123” or “qwerty,” as these are obviously accessible to hackers and do not take long for them to decrypt. Instead, consider using a password manager as a means to upgrade your password security.

2. Make use of Two-Factor Authentication (2FA)

You can take actionable steps to protect your accounts by enabling Two-Factor Authentication (2FA) on all of your accounts. This buffers your IoT device security, by securing your devices across multiple platforms.

This increases your protection for your accounts against hackers, even if they are able to guess or steal your password. For example, let’s say that a hacker tries to log into your online banking account using your password. With 2FA enabled, the hacker would also need to have access to your phone or email in order to complete the login process.

In short, 2FA can provide an important layer of protection for your accounts. To enable 2FA, simply follow the instructions provided by your device or service, most of which are extremely user-friendly and easy to follow. Many popular websites and apps, such as Google, Facebook, and Twitter, offer 2FA as an option.

3. Ensure that you always have the latest software updates installed

One way to boost your IoT security is surprisingly simple and often overlooked. It’s essential to keep your connected devices up to date with the latest patches and updates. These updates usually include fixes for vulnerabilities and other security improvements, so installing them as soon as they are available is important.

For example, even in the home setting, let’s say that you own a smart thermostat that has a security vulnerability that allows hackers to gain access to your home network. If the manufacturer releases an update that fixes this vulnerability, it’s important to install the update as soon as possible to protect your device and your network.

To make this process easier, consider enabling automatic updates for your devices and software. This is a feature that is widely adopted by many products already. This way, you can be sure that your devices and software are always up-to-date and secure.

4. Avoid using unfamiliar networks

When using unfamiliar networks, such as public Wi-Fi hotspots, it’s important to be cautious and take steps to protect your data. Hackers can easily set up fake Wi-Fi hotspots that are designed to steal your personal information and login credentials. It is more common than you would think.

One way to safeguard your information while using public Wi-Fi is with a VPN, or Virtual Private Network. Essentially, a VPN encrypts your internet connection, making it more difficult for hackers to intercept your data. Additionally, it is best practice to refrain from accessing sensitive information or conducting financial transactions on public networks.

For example, it’s probably not a good idea to log into your online banking account or enter your credit card information while connected to a public Wi-Fi hotspot. Unless you really have to process sensitive information on a foreign network, consider using a personal hotspot or a secure, private network whenever possible.

5. Use firewalls and antivirus software

Firewalls and antivirus software are essential tools for protecting your devices and networks from cyber threats.

A firewall is a piece of software that you have most probably seen before on your devices. It is a system that regulates the flow of network traffic based on predefined security protocols. It can also assist in blocking unapproved access to your network and can be an effective way of preventing unauthorized individuals, such as hackers, from accessing your devices.

Antivirus software, on the other hand, is designed to detect and remove malware and other malicious software from your devices. As a widely used software, its popularity has dropped in recent times. However, this can help to safeguard your devices from attacks so it is still highly recommended to have one for your device ecosystem.

To ensure that your devices are protected, it’s important to install and enable both of these programs and keep them up to date. Many operating systems, such as Windows and macOS, include built-in firewalls and antivirus software. You may already have these tools installed on your devices. If not, there are many excellent third-party options available. Just be sure to do your research and choose a reputable program.

How To Better Arm Yourself Against Hackers

A great way to boost your IoT devices’ security from hackers is to educate yourself about the risks and take proactive steps to arm yourself against them. Here are a few ways to get started.

Firstly, a great way to get started is to stay informed about the latest threats and vulnerabilities. This will help you better understand the risks you face and the steps to protect yourself. Consider following security-focused blogs and news outlets, or subscribing to newsletters that cover the latest developments in the field.

Secondly, if you are serious about boosting your security knowledge and skills, consider taking a course or earning a certification in cybersecurity or IoT security. There are many online and in-person options available and we would recommend reading some reviews to see which best suits your needs. This can be a great way to learn from experts and gain hands-on experience with real-world scenarios.

Finally, consider joining online communities or forums where you can connect with others who are interested in IoT security. These groups can provide a wealth of knowledge and support as you learn more about how to protect your devices.

By educating yourself and taking proactive steps to arm yourself against hackers, you will be able to easily identify cyber threats and know the right courses of action to take against them.

Wrapping Up and Conclusion

In conclusion, it’s clear that IoT security is an important and complex issue that requires a proactive approach to protect your devices and data from cyber threats.

Whether you’re a home user or a business owner, there are many steps you can take to better arm yourself against hackers, including using strong, unique passwords, enabling two-factor authentication, and keeping your devices and software up to date.

Furthermore, by educating yourself about the risks and taking proactive steps to protect yourself, you can help to keep your devices and networks safe and secure.

Don’t let hackers get the upper hand – take control of your security today and safeguard your connected devices for the future.

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How will the 5G Technology Impact Smartphone App Development? https://techresearchonline.com/blog/5g-technology-impact-smartphone-app-development/ https://techresearchonline.com/blog/5g-technology-impact-smartphone-app-development/#respond Thu, 13 Oct 2022 12:58:13 +0000 https://techresearchonline.com/?p=178284   Introduction In this era the 5G has impact in our life positively but what is what is 5G technology actually and how it is recognized. 5G is not just an update to 4G networks but This is a new end-to-end network infrastructure that has the potential to revolutionize the entire world of mobile networks. It promises to enhance mobile connectivity and improve users’ smartphone experience by providing high-speed data exchange with connection speeds of 10 Gigabits per second. In a previous analysis, we discussed how companies should prepare for his 5G. This is the secret of its performance. 5G is ten times faster than his 4G. But this is just one of many features that will change people’s lives, and mobile apps have not ignored this revolution. Mobile app development companies worldwide are excited to feel the impact of this advanced cellular network ushering in the Fourth Industrial Revolution. High-speed data transmission changes the way people communicate in today’s world. But for developers of his mobile apps, speed isn’t the only factor that opens up new development opportunities. How will the 5G technology make a difference? Technological progress increases rapidly – tech-savvy brains are busy improving them, creating new …

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Introduction

In this era the 5G has impact in our life positively but what is what is 5G technology actually and how it is recognized. 5G is not just an update to 4G networks but This is a new end-to-end network infrastructure that has the potential to revolutionize the entire world of mobile networks. It promises to enhance mobile connectivity and improve users’ smartphone experience by providing high-speed data exchange with connection speeds of 10 Gigabits per second. In a previous analysis, we discussed how companies should prepare for his 5G.

This is the secret of its performance. 5G is ten times faster than his 4G. But this is just one of many features that will change people’s lives, and mobile apps have not ignored this revolution. Mobile app development companies worldwide are excited to feel the impact of this advanced cellular network ushering in the Fourth Industrial Revolution. High-speed data transmission changes the way people communicate in today’s world. But for developers of his mobile apps, speed isn’t the only factor that opens up new development opportunities.

How will the 5G technology make a difference?

Technological progress increases rapidly – tech-savvy brains are busy improving them, creating new ones, and modifying existing ones. It will be a revolutionary step towards the future of app development. It helps tech professionals with faster downloads, making it easier and faster to transfer millions of data.

What is 5G technology and how does it impact ?

5G networks are going to change how users interact with their smartphones and mobile apps. It offers connection speeds of 10 Gigabits per second. That’s ten times faster than a 4G network connection speed. For mobile app developers, 5G networks offer many opportunities beyond providing high-speed data transmission.

If you’re still wondering what makes 5G technology unique, let’s figure out how this new technology works. The three different frequency bands in which 5G will operate are:

  • High band spectrum: It will greatly contribute to the improvement of 5G performance. Delivers top speeds of up to 10 GBPS. However, the main drawbacks of this spectrum are its low building penetration and small coverage area.
  • Mid-range spectrum: It lies between the high band spectrum and the low band spectrum. It can travel at a faster rate than the low-band spectrum, but it can’t penetrate walls as effectively. You can get speeds up to 1 Gbps with it.
  • Spectrum (Low band): This is mostly used by US ISPs. It has great range and can penetrate walls. The 1-GHz frequency band is also known as this spectrum.

Peculiar features of the 5G technology 

5G is proving to be the future of technical communications with its all-new network architecture. It’s all designed to wreak havoc on the industry by offering an impeccable connectivity experience superior to existing networks.This is what top mobile app development companies are preparing for this high-end technology. One of the main reasons. Faster internet means faster load times. So blazing fast file transfers and 4K streaming are a dream come true.

Some of its amazing features are:

  • Improved accuracy – 5G is a new wireless standard that operates on extremely high frequencies and short wavelengths (30 to 300 GHz).So it will be more accurate than 4G on GPS enabled devices.
  • Improved battery life – It tends to consume less battery due to less latency and faster speed. Additionally, 5G will extend the battery life of smartphones and other IoT devices by up to 10x. This allows users to use their phones for longer periods of time.
  • New use case – The unique capabilities of 5G technology, such as high bandwidth, near-zero latency, and increased connection density, have opened up new possibilities that 4G has dreamed of.
        • for example:
                • 1. Cloud AR/VR
                • 2. Industrial IoT
                • 3. Connected car
                • 4. Machine remote control
                • 5. Smart city
                • 6. Wireless electronic health services
  • Low latency – Latency is the number one concern for all mobile app users. Especially when these devices and their networks are used to make critical real-time decisions. His 4G network currently has an average latency of 50ms, which will drop to 1ms on 5G networks. Therefore, it helps to significantly reduce network interference and delay.
  • Increased connection density – Link density refers to the ability of a network to successfully deliver messages despite being in densely populated areas. A 4G network can only support about 2,000 connected devices per 0.38 square mile. Also, the average number of connected devices per user is expected to exceed the number of devices that 4G can only support poorly. 5G, on the other hand, addresses this shortcoming with its ability to support up to 1 million connected devices in the same environment.

The influence of 5G on App development and AR and VR technology –

Of course, the release of 5G will help mobile app developers create super smooth and efficient apps. This increases developer and user productivity. See how technology can change the entire world of mobile app development.

Error-free (Internet of Things) IoT implementation

5G will bring a multitude of connected devices for developers to create different apps. And through the app development process, it enables a wide range of Internet of Things (IoT) applications. These apps work best, consume less power and use less bandwidth. Developers can also harness the power of ML and AI and integrate them with 5G to bring ambient computing into smarter apps. As a result of all this, the adoption of connected devices is gaining momentum, contributing to smarter and enhanced user experiences. This means businesses have an opportunity to increase their revenue using this robust technology.

Dawn of immersive technology

The development of immersive AR and VR technology will be boosted by 5G. These apps would be a complete game changer for this industry by offering his 3D capabilities in this niche, from 3D printing to immersive gaming. Numerous sectors, from mobile app creation to healthcare to building, will benefit from these innovative tools. For example, IKEA has developed an app called “IKEA Place” using such technology. This allows the user to test over 2000 products in her one room with a simple touch.

More opportunities for AR and VR integration

Network issues prevented developers from actually integrating AR and VR into their apps. Yet, 5G will eventually arrive here as a benevolent stranger. Since 5G does away with latency and bandwidth difficulties, apps can finally function without hiccups. By processing large amounts of data in a very short time, the app offers an engaging and interactive experience. Regardless of domain, AR and VR technologies will completely change the way modern shopping is done. Wearable devices alone allow consumers to create or modify products according to their preferences and needs.

Video Streaming will be smoother

5G-powered apps have several advantages, but one of the most notable is the improved quality of media streaming. This technology enables live streaming in high definition at significantly increased speeds, and it fundamentally changes the way video is transmitted online..

Improved battery life

Plus, improved battery life and low latency ensure an uninterrupted viewing experience and smooth performance for video streaming apps. The developer will definitely seize this opportunity to integrate his powerful 4K app to spotlight services and products. It’s a win-win situation for the user, too. Now that you have an idea, you can move on to the process of creating a live video streaming app.

Conclusion

5G invented as the ultimate solution for wireless communications. But it’s just the beginning and there’s a lot to perfect. Indeed, many challenges have advantages such as: For example, there are more opportunities for data breaches and multiple app versions, but does that apply to all technologies? 5G is highly sceptical at the moment, but it has a lot to offer as the world’s fastest network. 5G is here to stay and will benefit both developers and users. But where are the agile developers who can fully embed 5G capabilities into their desired apps? If you want to develop next-generation mobile apps for 5G networks, hire a dedicated mobile app developer from a leading mobile app development company. Let 5G unleashed and get its potential game-changing benefits. After all, technology serves its purpose best when it helps bring people together.

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The Internet of Things – Everything You Need to Know About https://techresearchonline.com/blog/what-is-the-internet-of-things-or-iot-definition-examples/ https://techresearchonline.com/blog/what-is-the-internet-of-things-or-iot-definition-examples/#respond Fri, 30 Sep 2022 17:24:21 +0000 https://techresearchonline.com/?p=171202 With the world edging towards a tech-integrated life, the Internet of Things is gaining popularity like never before.  Not just large tech corps, but even the average joe is looking at IoT and how his microwave can work alongside Alexa.  In all honesty, the Internet of Things is a huge field. So, read through to know what IoT is all about.  What Is the Internet of Things? Understanding the basics of the Internet of Things is easy. It’s a system of devices connected through the internet. IoT devices directly affect the physical world by making your interactions with them easier, more efficient, and smart! They use applications, sensors, and technology to connect with other devices and exchange data.  IoT creates opportunities for vast interconnected systems that improve efficiency in a host of different commercial and consumer-centric tasks.  The best way to know what is IoT, is with the example of a smart home. Devices like your AC, Refrigerator, Security Cameras, etc. can connect to your wifi and share data internally & with you.  This data gives you insights into the status of those appliances. It also allows you to perform any actions that are remotely possible. I find it fascinating …

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With the world edging towards a tech-integrated life, the Internet of Things is gaining popularity like never before. 

Not just large tech corps, but even the average joe is looking at IoT and how his microwave can work alongside Alexa. 

In all honesty, the Internet of Things is a huge field. So, read through to know what IoT is all about. 

What Is the Internet of Things?

Understanding the basics of the Internet of Things is easy. It’s a system of devices connected through the internet.

IoT devices directly affect the physical world by making your interactions with them easier, more efficient, and smart!

They use applications, sensors, and technology to connect with other devices and exchange data. 

IoT creates opportunities for vast interconnected systems that improve efficiency in a host of different commercial and consumer-centric tasks. 

The best way to know what is IoT, is with the example of a smart home. Devices like your AC, Refrigerator, Security Cameras, etc. can connect to your wifi and share data internally & with you. 

This data gives you insights into the status of those appliances. It also allows you to perform any actions that are remotely possible.

I find it fascinating that we went from flip phones to pocket computer smartphones that can run your home’s appliances; All in a matter of a couple of decades. 

That’s exactly the power of IoT. But, how does it work?

How Does the Internet of Things Work? IoT & Its 4 Components

How Does the Internet of Things Work? IoT & Its 4 Components

 

IoT being a massive network, needs these 4 important components to work.

1. Sensors/Devices

Sensors or devices primarily serve the purpose of data collection. 

These devices record environmental data like physical changes, task-specific changes, or digital changes. 

If I had to give an example, an ideal one would be your smartphone. It has multiple sensors like a camera setup, GPS, etc. 

2. Connectivity

The devices are not telepathically speaking to each other. So, they need to be connected via the internet. 

Hence we circle back to the Internet of things. 

The sensors/devices are connected to the cloud via networks like cellular, WIFI, Bluetooth, and Zigbee.

3. Data Processing

This 3rd component is where software and applications shine. 

Whatever data is sent by sensors gets processed by software and forwarded to the user for interaction. 

Let’s say for example that your car has smart security features that detect unwanted breaches. 

Now, if an intruder tries to unlock your car without the key, it’ll sense it. Then, the data will be sent to the cloud and it’ll be processed by the software which will indicate a security breach. 

It’ll then pass that interpreted data to you in the form of a notification from your car application on your phone. 

That’s where the next component comes in.

4. User Interface

In our smart car example, the part where you get a notification is exactly where the user interface comes to play. 

The interface of all devices is specifically designed to optimize the task it needs to accomplish. 

UI of some devices lets the user control the device to their liking. 

If you want to turn on the AC before reaching home, you can tap a button on your AC app. Need to control your room lighting? Another dedicated app for that on your phone. 

Basically, the IoT user interface ain’t a one-way street where you only get information, but also perform actions. 

That’s all there is to know about the components. But, there is still one more thing you need to know about what is IoT. 

The 4 components we discussed, influence IoT. That introduces us to different types. Let’s check them out!

5 Types of IoT Explained

All of the components we just discussed, allow different use cases in several ways. 

Hence, introducing different types of IoT. 

1. Consumer IoT

This one is self-explanatory; IoT that focuses on the consumer. 

Consumer IoT uses devices and applications like smart appliances, phones, wearables, etc. to make the normal person’s daily life easier and smarter. 

2. Commercial IoT

Again, as the name implies, commercial IoT is for commercial purposes. 

Like benefiting larger venues and office buildings in operations, productivity, etc. 

It also includes IoT that supermarkets, hotels, hospitals, entertainment venues, or other commercial entities use. 

You can also say that it is exactly like consumer IoT, but for commercial purposes. 

3. Industrial IoT

Industrial IoT specifically uses the 4 components in Industrial fields like production units, factories, etc. 

It brings machines, cloud computing, and analytics together to minimize human effort and error in the industrial sector. 

Industrial IoT reduces costs and reduces the need for low-skilled labor while improving the productivity and performance of industrial processes. 

4. Infrastructure IoT

Infrastructure IoT is used for the development of smart infrastructure for both commercial and residential purposes. 

It includes the planning and usage of IoT for smart cities and localities. 

Infrastructure IoT allows cost-saving in resource distribution and helps with better city management.

5. Internet of Military Things

Also known as Battlefield IoT, the Internet of Battlefield Things, and BIoT.

As the name implies, the Internet of Military Things is used in military and battlefield settings. 

It uses the 4 components to improve situational awareness and response times to emergencies. It also reduces errors of judgment for better risk assessment.

All of these types give you a basic understanding of what is IoT and why we need it. But, there are many awesome benefits you might not know about. 

 

Why Do You Need the Internet of Things? – 9 Crazy Benefits for Makers & Consumers

To put it simply, IoT enables a hyper-connected world that makes your lives easy in all aspects of your life; Work, Home, Personal, Social… all aspects. 

Why Do You Need the Internet of Things? - 9 Crazy Benefits for Makers & Consumers

There are several specific benefits that IoT can offer.   

Let’s take a look at them. We’ll start with more consumer benefits and slowly go towards the commercial side of things.

1. Minimized Human Effort

Collectively speaking for all examples we’ve covered so far, there’s one takeaway. 

IoT minimizes your effort in all tasks that can be supported by it. 

In fact, the benefits we will discuss below will all essentially minimize human effort and increase efficiency. 

2. Smart Homes

Pretty much all of your home appliances can now be smart.

Starting from your lights, fans, ACs, refrigerators, microwaves, curtains (Yeah! I was surprised too), TVs, etc. 

All of these things can be controlled via your phone. 

You can modify their status, make changes on the go, turn them on or off, and perform many specific tasks made possible with IoT. 

3. Personal Security & Protection 

From home intruders and car thieves, IoT devices can make your personal lives more secure and safe. 

Devices like security cameras, sensors, smoke detectors, etc. can be connected to a network that lets you know any and all security issues

You can also program some applications to directly contact emergency services whenever there is a security alert. 

4. Smart Cities

The data you get from all the sensors within the city can be used for a myriad of things that make the citizens’ lives easier. 

IoT can help with traffic management, city planning, energy management, and integration with technology. 

An example specific to traffic management can be Google Maps. It predicts traffic based on user data, historical traffic patterns, and data from the government.

Along the same lines, we can predict self-driving cars to be interconnected for better traffic management in the near future. 

There are many other highly specific benefits for consumers. But, let’s move on to the commercial benefits. 

5. Automation & Operational Efficiency

As IoT enables direct connectivity between devices and hardware, humans don’t need to manually interact with them. 

This automates countless processes that would take more time and effort if humans were to do it all themselves.  

Automation also increases operational efficiency when

6. Asset and Resource Monitoring

IoT can introduce several tracking systems that can help you get live updates on your resources and assets. 

You can manage inventory control, deliveries, surveillance, and individual order tracking.

7. Cost Effectiveness 

A unit with plenty of IoT devices can effectively run itself. That reduces the need for low-skill employees. 

These devices can also automatically update you on maintenance schedules to avoid production stoppage or barriers. 

This also reduces downtime periods, increasing the production rate. In turn, making the entire unit highly cost-effective.

8. Real-Time Insights

The real-time data and information that IoT devices provide insights that can affect your workflows positively. 

You can also get predictive insights that can help you make relevant changes beforehand and avoid roadblocks. 

What’s even better is that these devices can suggest changes along with reporting the insights to best manage the situations. 

9. Improved Work Safety

Smart devices eliminate the possibility of human error. 

This makes it less likely to cause any unfortunate accidents or safety hazards. 

In workplaces that deal with dangerous elements or have potentially hazardous materials, you can track the exposure levels of the employees. 

This can be achieved by sensors and wearables for accurate insights. 

As an addition to these 9 benefits, I also want to discuss the applications of IoT. 

Applications of the Internet of Things – Areas Where the Benefits Get Practical 

For the applications, I’ll keep this one short as we’ve already discussed them in greater detail in one of our other blogs. 

Applications of the Internet of Things - Areas Where the Benefits Get Practical 

The Internet of Things (IoT) is also enhancing our lives in many ways.

To give you a brief summary of that, here’s the list:

  • Day-To-Day Chores: facilitating daily tasks like house maintenance, home controls, using appliances, home security, etc.
  • Healthcare & Hospitals: Medical devices for remote patient monitoring & operations, predictive maintenance, and decision making
  • Retail: Grocery shopping, inventory management, employee connectivity, etc.
  • Agriculture: Smart indoor and outdoor planting, soil and moisture sensors, smart irrigation devices, etc.
  • Manufacturing: Smart plants with automated machinery, maintenance solutions, etc.
  • Fleet Management: Performance analysis of transport vehicles, live tracking, telemetry controls, fuel saving, etc.
  • Hospitality: Improved service quality with hotel management features like door keys, information storage, quick assessment of housekeeping tasks, etc.

We’ve effectively covered all the good things about IoT you could imagine. But, is it all there is to talk about when it comes to the Internet of Things?

Major Issues & Challenges with the Internet of Things – The 2 Big Concerns

Let’s get real for a minute here. 

IoT has a rough road ahead. However, the difficulties won’t lead to the downfall of IoT. As it is far more important to improve it, rather than ditch it. 

But, those issues still exist.

So, let’s address the 2 big concerns about the Internet of Things.

IoT Security

The hyper-connectivity that IoT brings, comes with a serious threat to the security of all devices. 

As the internet is littered with hackers and malicious software, it becomes natural that people have a certain amount of paranoia about IoT. 

What if your phone gets hacked and suddenly your security cameras are being accessed by someone? What happens when the entire warehouse system gets compromised by a malicious virus?

It is issues like this that make us worry about the Internet of Things Security. 

Just like applications, we’ve also covered IoT Security in greater detail in another blog

But what about the other big concern?

IoT Standards

Now, this isn’t as serious as IoT Security. But, it does bring up an interesting question.

What if the people or companies that enable IoT solutions don’t take the necessary steps or keep the standard high?

Exactly what you would imagine! Your IoT devices and IoT security get compromised. 

The thing most people fail to understand about IoT is that it is an extremely complicated, time-consuming, and costly process. 

Cutting costs and failing to execute them properly can leave massive gaps that compromise systems and networks. 

It is also very hard to plan, build, manage, and enable larger technological networks into the IoT framework. 

Not to mention there are several other minor issues along with these 2 big concerns.

  • Major privacy concerns with hackers and even companies spying on your devices
  • Without the internet, these systems can’t work; So you’ll have to stay connected, no matter what
  • Increasingly smarter devices and networks reduce human effort, leading to laziness and not enough motivation to be smarter
  • Unskilled workers will lose their jobs if they don’t adapt to IoT
  • Lack of usage guidance and common mistakes like poor passwords

With these issues still persistently hampering the progress of IoT, where does the world see it in the near future?

What Does the Future of the Internet of Things Look Like? – Common Opinions & Our Predictions

As of now, IoT is becoming an active and important part of our lives. 

The Current Scenario

We spend countless hours on our phones, even to do things like turning the lights off. 

The market is full of smart devices; Some actually interesting, and some gimmicky. But, there is IoT noise out there for sure!

And mind you, not all the noise about it is in its favor. 

In the subreddit r/ProgrammerHumor, a member posted this classic Jerry Seinfeld meme about a smart faucet. 

what is iot memeSource

Most of the people who saw this could agree that the idea of a smart faucet was funny and quite frankly, ridiculous. 

One of the members related to the ridiculousness and put a fair point forward that tells us what many people think about IoT.

reddit about IOT

And, there are over 800 upvotes for that comment! So, others had the same opinion. 

Regardless of this, there are many that advocate IoT with everything they’ve got. 

Painting a picture of yet another classic internet debate about other things. 

Speaking of debates, there are plenty of predictions as well, that experts and common folks alike have for IoT’s future. 

8 Predictions for IoT in 2023 and Beyond

Internet of Things? Definition, Applications, Examples and How It Works

1. An Estimated 21 Billion IoT Devices by 2025

As of 2022, there were about 13.5 billion active IoT devices globally. 

Some experts estimate this number to shoot up to 21 billion by 2025 with all companies either trying to create them or using them for their own offices. 

2. Artificial Intelligence and IoT

AI will go hand-in-hand with IoT. 

The system of gathering data is where AI can shine brighter than anything else. It can also make data interpretation and combining data from multiple devices easy and accurate. 

So, make sure you keep your eyes on the Artificial Intelligence of Things!

3. New Connectivity Options

With many manufacturers incorporating Narrow-Band IoT, it is expected that we will see increasingly more devices capable of using it.

More OEMs create new devices that serve various purposes. 

So, we can see more network options being available, along with unique UI solutions. 

4. 5G Connected Cars

Speaking of AI, let’s talk about AI driving our cars. 

Autonomous driving vehicles are seeing great progress lately with Tesla, Volvo, Mercedes, and many other car makers innovating new technologies. 

This is also not very far into the future anymore. With 5G being available to all regions soon, connected cars will make AI-driven cars smarter and safer. 

5. Healthcare and Medical Devices

With wearables, we already have tools like heart-rate monitors, blood pressure monitors, and a host of other features we can access on the go.

With advancements in IoT, it is possible to introduce remote-operating medical devices that connect over 5G

It will be revolutionary for underdeveloped countries that have fewer doctors that can perform those surgeries.

6. More Awareness About Ethical, Security, and Privacy Issues

Education about technology is getting accessible and people can now understand how their smart devices work. 

This will spread more awareness about ethical, security, and privacy issues. Leading to thoughtful usage of IoT. 

Constant pressure from users to shift focus on IoT security will also make IoT smarter and safer for all.

7. New Sensor & Device Technology

There’s a rapid growth in IoT devices being used for VR and creating virtual worlds like the Digital Twin. 

If you don’t know what it is, it’s basically a virtual world that can simulate physical conditions like temperature, movement, sizes, volumes, etc. 

This needs increasingly powerful sensors. And more importantly, connectivity that integrates these sensors with other things to enable these kinds of virtual worlds. 

8. IoT Becoming the Internet of Humans

Now, when I said 2023 and beyond, this prediction takes the beyond part literally. 

The Internet of Things becoming the Internet of Humans means that we’ll slowly start integrating ourselves with technology and the internet. 

Remember Neuralink? It is surprisingly closer than you think. 

But, becoming one with technology? That’s still a couple of decades ahead, if not more. 

Predictions Aside, Here’s Our Final Word About the Internet of Things

We can keep this prediction game running forever. 

Some of these are surely going to come true sooner rather than later. That’s because IoT has become an essential part of our lives. 

We hope you understood Internet of Things (IoT) and everything else we discussed.

So, what do you think of IoT’s future after learning about it? Let us in on your thought trail in the comments!

neel

Neel is a tech and marketing enthusiast who loves to talk, read, and write about everything tech!

He has been an ambitious content creator who wants to transform mundane, commercial content into something that even the average joe loves to read.

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Exploring the IoT Potential in the Post-COVID World https://techresearchonline.com/blog/exploring-the-iot-potential-in-the-post-covid-world/ https://techresearchonline.com/blog/exploring-the-iot-potential-in-the-post-covid-world/#comments Fri, 20 Nov 2020 12:06:05 +0000 https://techresearchonline.com/?p=15383   Introduction The year 2020 is almost gone, we have broken the chains of lockdown but still; the danger is lurking. This year began with the unexpected pandemic that shook the world from its core. With more than 14 million global cases of COVID-19 positive, it had a great impact on the world economy. The curfews in the Gulf States, lockdowns in other countries put businesses, physical roll-outs, and maintenance to delay. Even the IoT (Internet of Things) got delayed too because of the pandemic. The world is interconnected with technological software, digital platforms like social media, and so on. Our world has become so interdependent on the internet that the threat of an internet outbreak sent chills downright.   IoT is everywhere, not only in the online world of the internet but in another form of technology too, like smart apps, smart gadgets, and other technological tools that the public now massively relies on. Sadly, the pandemic slowed down the manufacturing, distribution, and implementation of IoT projects. Amazon is the prime example of how the online orders increased and the number of misplaced orders increased too because of disturbed supply chain flow.   Pave Ways for Companies to Evaluate Workforce Weakness  …

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Introduction

The year 2020 is almost gone, we have broken the chains of lockdown but still; the danger is lurking. This year began with the unexpected pandemic that shook the world from its core. With more than 14 million global cases of COVID-19 positive, it had a great impact on the world economy.

The curfews in the Gulf States, lockdowns in other countries put businesses, physical roll-outs, and maintenance to delay. Even the IoT (Internet of Things) got delayed too because of the pandemic.

The world is interconnected with technological software, digital platforms like social media, and so on. Our world has become so interdependent on the internet that the threat of an internet outbreak sent chills downright.  

IoT is everywhere, not only in the online world of the internet but in another form of technology too, like smart apps, smart gadgets, and other technological tools that the public now massively relies on.

Sadly, the pandemic slowed down the manufacturing, distribution, and implementation of IoT projects. Amazon is the prime example of how the online orders increased and the number of misplaced orders increased too because of disturbed supply chain flow.  

Pave Ways for Companies to Evaluate Workforce Weakness 

Since the remote work began because of the lockdown, it was a first time experience for the majority of the people (besides freelancers).

It means that the remote work experience disturbed the productivity workflow ratio. HR representatives needed to carefully examine and evaluate the gap that occurred in remote work. 

It was meant to ensure that the pandemic didn’t hinder the productivity levels as the risk factor was high. For instance, if an employee tested positive, then he/she would need to isolate themselves for at least 2 weeks.

The absence of an employee can have a counter effect on the workflow too, so what happens if several other people are also infected by the virus at the same time? 

This could lead to a workforce shortage.

Consider this: what if the public transits temporarily stop? According to reports, a larger percentage of workers use public transit. This can lead to dire circumstances too if workplace accessibility is hard.

Keeping such factors highlighted in the document will let the companies tackle such issues. Using smart analytics, companies reopened their workplace and made preliminary adjustments following the SOPs amid the pandemic.  

This automatically highlighted the areas for improvement, a new process that must be changing, and so on. Pandemic highlighted such issues that indirectly interfered with the productivity levels and the regular workflow.  

Comprehensive IoT Security Solutions

Protect your assets, capital, and reputation effectively 360-degree coverage across the threat spectrum Easy to deploy and use Diverse support options Monitor, measure, and manage existing and
emerging threats and vulnerabilities Monetize IoT Security when this is offered as a service.

Organizations can Improvise the use of Cameras in more than just one way  

Companies are already prone to use camera for security measures. Each floor, exits, and main entrances are under surveillance eye.

In current times, companies can use cameras to make sure employees comply with the set rules for COVID-19. Companies also have the option to include AI (Artificial Intelligence) that would let people view the live cam feeds from internet-enabled devices.  

Paris, another great example, took the initiative to launch a three-month trial of the mask-detection software for public transits.

The sole purpose was to monitor the percentage of the personnel who wore the face masks. This helped the public health officials to keep notice of how conditions were progressing.  

IoT also functions as a solution in such cases. They could identify and track the individuals who violated the space and in the case if the number of people or meet-ups surpassed the permission table numbers at public places.

Such steps ensure that proper precautions are taken into account, as a remedy factor, IoT indeed can help in maintaining the required distancing for safety purposes.  

Use of Analytics to Explore New Doorways  

The use of analytics products is always crucial for companies. Especially when it’s about complete visibility, even if the company is operating understaffed.  

For instance, virtual analytics are essential for the system to have technical tabs on the flow rate while employees maintain social distancing.

In case of immediate emergencies, the data from a specialized platform can make it a lot easier to determine when a new on-site crew is required, and so on.

Industrial analytics are also helpful in pandemic circumstances, for instance, smart analytics options can be focused on the meatpacking industry.

This way the company assists the screening workers and visitors to stay at the top of sanitation needs. 

This helps them abide by the necessary practices to operate in these dire circumstances. For implementation, companies must have reliable data to make actionable strategies.

This way companies’ heads can rely on intelligent analytics to help them make an educated response and new policy to remove the problems.  

Waste Management is the New IoT  

Smart cities are the ones taking care of the waste and eco-cycling everything that can be reused. IoT is also making its way into city life, from the streetlights to parking to technologies in the offices, it is covering your immediate surroundings.

Installing smart sensors in devices helps waste management companies to pick up trash in places inaccessible to humans.  

As wireless networking technologies keep upgrading, the use of data analytics has also increased. This helped reduce the cost of the connected devices, so at this rate, the IoT market is showing promising growth even after the pandemic.  

Also Read: Impact of COVID-19 On The Influencer Marketing Industry

Being the center of the technological world for development, production, and management, IoT has induced a massive shift in the corporate world.

The more use of innovative ways has led to advanced tools that help waste management companies to grow and to remove the waste materials far easier than any human ever could.

Producing the technology that reduces human labor and shifts it into robotic labor has also helped reduce the number of incidents.  

Conclusion  

Pandemics have highlighted how we can make the world a better place if assisted with the technological tools in the right way.

Whether it is meant for manufacturing industries to power sensors for maintenance activities or the use of apps that help you monitor the progress of a workplace, companies can adopt IoT for smarter work.  

Author Bio: 

Enthusiast reading is what led Antonia Ava to become a creative writer for Marstranslation and passionately got interested in various dialects from all over the world. Being half Hispanic and half Mexican (from both sides of the family) her unique ethnicity led her to the road of learning languages and working as an interpreter and as a writer at hand.[/vc_column_text][/vc_column][/vc_row]

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How IoT, AI, and Edge Computing Will Transform Business Operations https://techresearchonline.com/blog/how-iot-ai-and-edge-computing-will-transform-business-operations/ https://techresearchonline.com/blog/how-iot-ai-and-edge-computing-will-transform-business-operations/#respond Fri, 24 Apr 2020 17:44:19 +0000 https://techresearchonline.com/?p=7085 According to several predictions by futurists, artificial intelligence (AI), edge computing, and the Internet of Things (IoT) will transform the business ecosystem and operation processes. It will be more profound than any industrial or digital revolutions combined. Today, we can see how these technologies might shape the business ecosystem as the future unfolds before our eyes. In this blog, let’s understand how AI-driven IoT will get implemented effectively and profitably. The most critical factor in this digitalized world is where the intelligence resides and how it influences IoT architecture. AI and the IoT both hold futuristic visions as they both are one of the kind innovations; however, what makes them intriguing is the point where they converge. The applications of AI and IoT are independently interesting, but their joined use holds even more potential. The IoT is getting more brilliant and smart with the fusing of AI. Specifically, due to machine learning which a discovering insight in data with the help of IoT. AI is making a splash in IoT with a pile of the new product, an influx of investment due to the ever-rising tide of big business corporations. Businesses that are currently working on their IoT strategy, assessing a potential …

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According to several predictions by futurists, artificial intelligence (AI), edge computing, and the Internet of Things (IoT) will transform the business ecosystem and operation processes.

It will be more profound than any industrial or digital revolutions combined. Today, we can see how these technologies might shape the business ecosystem as the future unfolds before our eyes. In this blog, let’s understand how AI-driven IoT will get implemented effectively and profitably.

The most critical factor in this digitalized world is where the intelligence resides and how it influences IoT architecture.

AI and the IoT both hold futuristic visions as they both are one of the kind innovations; however, what makes them intriguing is the point where they converge.

The applications of AI and IoT are independently interesting, but their joined use holds even more potential. The IoT is getting more brilliant and smart with the fusing of AI.

Specifically, due to machine learning which a discovering insight in data with the help of IoT. AI is making a splash in IoT with a pile of the new product, an influx of investment due to the ever-rising tide of big business corporations.

Businesses that are currently working on their IoT strategy, assessing a potential IoT project, or trying to get value from a current IoT deployment should explore a role for AI

. The union of AI and IoT technologies is an amazing tool, AIoT, either at the Edge or in the Cloud. The objective for the Artificial Intelligence of Things is innovation to accomplish progressively proficient IoT operations, upgrade data management, and analytics to improve human-machine interactions.

If AI analytics is actualized appropriately it can change IoT data into valuable data for a better decision-making process. AI at the edge utilizes a compact architecture to drive local data-informed decision-making.

The more brilliant an edge gadget is it can process and store colossal amounts of data locally. This reduces the need for a business to do so somewhere else.

Some basic AI-empowered edge devices for unit volumes include head-mounted displays, consumer and business robots, smart car sensors, drones, surveillance cameras, and others.

Likewise, edge computing can reach out to include the processing intensity of PCs, tablets, mobile phones, smart speakers, and others.

The biggest players in the market including Google, Microsoft, Amazon, and others are effectively put resources into exploring different solutions for AI-empowered edge computing.

1. Improved Business Operational Efficiency

AI forecasts have proven to be profoundly effective and helpful for businesses to increase their operational productivity.

Furthermore, the in-depth insights acquired through AI can be helpful to improve business processes to expand operational productivity and diminished expenses.

Businesses use precise predictions about time and cost expending tasks and automate them to increase effectiveness levels.

Additionally, for businesses that are dealing with big-scale planes and ships, the insights acquired through AI can assist them with modifying their procedures, updating the stock on time, and improve equipment settings to save money on superfluous costs.

2. Avoiding Latency Problems

In the case of edge computing, there is no reason for businesses to move data to the cloud for processing as the issue of latency doesn’t exist.

This can quicken the real-time decision-making of businesses for applications such as plane monitoring, autonomous driving, medical imaging, and others. Real-time response is the essence of AI applications that are made by the continuous performance of IoT devices.

3. Predictive Analysis

Predictive analytics implies that the analysis is performed by understanding the existing information to predict the conceivable future.

Presently, IoT devices are being utilized by businesses to accurately predict any incidents or concerns such as equipment failure, and so on, without human intercession. Hence, IoT and AI are the establishments of predictive maintenance.

In any case, businesses that include artificial intelligence in their strategy will enable machines to perform better predictive analysis.

Such businesses will also have an option to identify and work on potential disasters and failures ahead of time.

This will diminish the odds of misfortunes exceptionally as conditions can be identified even before failures. This can prove as tremendous advantages for businesses in sparing expenses and dodge difficulties in their operations.

4. Greater Security

Businesses can maintain a strategic distance from the security dangers of the public cloud. This can be implemented by edge computing as it keeps sensitive information in the nearby IT ecosystem.

Also, an AI-empowered solution will be able to help the business identify inconsistencies at the edge of the system.

In the case of cyber-attacks, that attempts to target the system by attacking IoT devices can be quickly safeguarded by executing mitigation strategies.

AI-driven risk analysis can distinguish all the places that can be entry points for cyber attackers. Then is can proactively make plans all by itself to mitigate security issues.

Today, businesses that have already implemented automation such as AI and ML are creating and storing loads of data than ever.

This has created a need for businesses to sophisticated analytics enriched tools that are agile, flexible, and secure platforms to respond to the changing business needs.

Morden and traditionally business need to invest in an intuitive technology that can sense the needs of the business, users, and employees. It needs to simultaneously respond quickly and seamlessly.

IoT-based platforms are a perfect solution for smart technologies and industry-specific analytics. They not only help businesses expand while focusing on customer experiences.

Analytics and data services are powerful tools that can be used for automation by combined with business intelligence such as AI, ML, and IoT to meet the current market trends. Other advantages of implementing a real-time data management process are:

    • It enables data storage and boundary fewer business possibilities
    • Businesses can get fast actionable outcomes to scale right
    • Its self-serve data discovery helps gain rapid insights
    • It improves customer experience by optimizing and automating data stream engines
    • It can enable unparalleled visibility and transparency in the systems
    • It can analyze and act on important data from anywhere
    • It can provide real-time alerts on compliance and helps in fraud risk management
    • It gains actionable insights from an ecosystem of a self-learning platform

IoT and AI will change the existing business procedures for good. It will increase automation and in-depth analysis work in industries and organizations.

These enterprises will receive rewards of growth while making enormous profits. Hence, today, the need for importance is to make better strategies for business using AI and IoT or a better future.

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How Insurance Industry Will Transform With The Help of AI? https://techresearchonline.com/blog/how-insurance-industry-will-transform-with-the-help-of-ai/ https://techresearchonline.com/blog/how-insurance-industry-will-transform-with-the-help-of-ai/#respond Wed, 15 Apr 2020 14:54:55 +0000 https://techresearchonline.com/?p=6689 In the insurance industry everything thrives on outcomes that are predictable and can generate value for customers. Read more on How Insurance Industry will transform with the Help of AI?

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Introduction

In the insurance industry, everything thrives on outcomes that are predictable and can generate value for customers. As AI, has started to penetrate in every aspect of our lives it has become very crucial for industries such as insurance to adopt new trends. Many people believe that AI has both potential and tools to transform the industry and simultaneously enhance the customer experience. In the coming years, the industry will be equipped with automated personalized services for faster claims handling and underwriting processes.

The industry is expected to report exponential transformation due to AI for enhancing customer experience and decreasing time for insurance claims. So here are some of the trends which are reshaping the insurance companies and will transform the sector over the next decade:

Big Data and IoT

Accelerated development in cloud technology and IoT has opened up a world of information. Data can be sourced from new gadgets such as wearable, telematics, and smart home sensors. Such gadgets can help insurers collect detailed information in real-time data which can be utilized to monitor and understand the behavior of the customer. This information has the potential to make a huge difference for the insurance industry as they can leverage this data to understand customers more deeply. This will result in more personalized pricing, personalized products, and real-time service delivery.

For example, health insurance service providers can use machine learning to help patients with health coverage options from the collected data. They can also track and monitor fitness and heart rate to reward healthy habits. A large amount of data will also help companies prevent fraud as data and machine learning algorithms are trained on the customers can glean patterns.

Natural Language Processing

Natural language processing can help insurance leverage language models which can help find relevant information during claims settlement. This will enable companies to drastically reduce the time required to respond to a customer query, improving customer service. The researchers have been developing more and more complicated models for language-related tasks. It is becoming easier for companies to use AI for gathering import data and highlighting trends which makes it easier and inexpensive for insurers to address their need of their customers by piecing together that information.

Computer Vision

The development of computer vision is helping insurance companies advance by automating tasks. These tasks are being automated with the help of image recognition algorithms that enable machines to extract meaning from visual data. This can help companies reduce the time required for damage assessment for different claims. They can also cross-check the data by tracking camera feeds to detect unsafe behavior during vehicle settlement claims. Along with the speed and efficiency, AI is paving the way for real-time visual data analysis that provides faster and more accurate solutions.

Cognitive Technologies 

Cognitive technologies are expected to advance leaps and bound and are expected to experience the maximum demand from the industry. This can be attributed to the fact that cognitive technologies are able to learn through decomposition and inference. This will enable insurance companies to process a large number of complex data streams generating from insurance products tied to an individual.

Open Source and Data Ecosystems

AI will be creating transparency between industries and making data omnipresent will lead to the emergence of open source and data ecosystems. This will enable data sharing across different industries and public entities. The wearable data can be directly used by insurance carriers under certain regulatory and cybercrime frames to share data for multiple use cases.

These technologies are the future of the insurance industry and are continuously experience transformation. There is no certainty where the technology will take us but companies across the world are slowly adapting to the change.

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