The Internet of Things is no longer an experiment. It is penetrating all vertical markets, promising new opportunities both for customers and service providers. The IoT infrastructure has the greatest potential to integrate the physical and digital worlds and create new revenue streams and business models.
Modern technologies cannot but influence the biggest industry in the world — manufacturing. Industrial robots have been working in factories alongside human workers for quite some time. They help create efficiencies at all stages, from raw material to final product, are able to operate 24/7, and can be highly cost-effective for any company.
In today’s world, people are too busy to take care of their health in a traditional way. It takes too much time to make an appointment with a doctor, undergo tests, wait for a diagnosis and be prescribed treatment. The solution might be devices that are be constantly worn on the body, monitor different health parameters and timely transmit data to users and doctors. And such devices do already exist!
The driverless car market is just starting to emerge, but experts predict its rapid growth in the coming years.
A number of the leading global automakers such as BMW, Audi, Volkswagen, General Motors and Toyota, together with IT-giants Google and Apple, place serious emphasis on autonomous driving and IoT technology. They are actively engaged in the development of automotive IoT solutions to assist drivers and, as the ultimate goal, to create a Level 5 (see below) self-driving car.
The Internet of Things (IoT) is a network of sensors, devices, tools, services, people and organizations that are able to connect, exchange information and communicate with each other. Only a few years ago, this fast-growing force was just a futuristic buzzword. Since the IoT has become reality, it has transformed many industrial sectors, providing them with diverse data. Using this data, a company can offer new services, build new applications and improve its efficiency.
The ever-growing use of smart devices has already influenced all aspects of human life and has triggered the emergence of the smart home. Existing solutions embrace a wide range of technologies such as entertainment, security, utilities, lighting, energy management and more. Other sectors will soon come on board, while the global smart home market is predicted to accumulate $53.45 billion by 2022.
Businesses are more actively adopting the Internet of Things. The data driven by the connected devices can create efficiencies and bring your company to the next level.
A trend is a regular change in processes, conditions, data, projects, etc. To follow a trend, you must be aware of the current situation and be able to predict the changes in the near future.
As-a-service business offerings are changing business models with the Internet of Things. The one that started it all, SaaS, Software-as-a-Service, is now joined by IaaS and PaaS. Are these acronyms ringing any [service] bells?