SigmaWay Blog

Organizations along with their partners needs to participate in the supply chain - from suppliers to customers in order to fully exploit their business relationships. The route for management of supply chains is high speed communication and cooperation. The digital supply chain helps to build trust and improves transparency and efficiency. The Internet of Things (IOT) is crucial for facilitating supply chains in future. It uses sensor-embedded equipment in order to convey data about the parameters and this boosts performance and safety. Predictive analytics is also a blessing for the supply chains. However the most significant aspect of a digital supply chain is social media. Some businesses integrate social technology with business transactions thereby leading to an increase in transparency.

For further details on this study, please follow the link: https://channels.theinnovationenterprise.com/articles/the-development-of-the-digital-supply-chain

The Internet Of Things (IOT) ) affects the way in which the enterprises interact with their customers. With the sole motive of customer satisfaction, it is crucial to note how the future would appear for the customers and the best ways of satisfying them and they are as follows:

• It is recommended to go for smooth transformation of customer experience and provide the customer with maximum profit. Focus groups and customer feedback helps to maintain it.
• Usually customers take time to embrace new technology and hence provision of information would facilitate easy usage.
• The platform is also important because a big platform can destroy a customer experience and relationship.
• It is necessary to get initials and continuous stakeholders as they will generate speed into the project.                                                                   

Read more at: https://channels.theinnovationenterprise.com/articles/7667-planning-for-a-future-state

It's technology on the rocks for whisky lovers. Diageo using new technology to improve its customer experience. They have created a label (read sensor) that will create smart bottles for their whisky. Laura Denham, International Events Director at Innovation enterprise, enlightens us with the smartness of smart bottles. 

• Well, it gives specific information about the whisky helping the customer to select their best fit.

• It helps detect any kind of tampering with the bottle. Fake products will be a history.

• These sensors can’t be cloned. 

• Help track the journey of the bottles and reduce supply chain wastage. 

For more, follow the link http://channels.theinnovationenterprise.com/articles/whiskey-the-internet-of-things

The dynamic interaction between human and artificial intelligence, is going to revolutionize the way, people perceive their IOT (Internet of Things) environment. IoT has numerous applications in businesses, from products like intelligent refrigerator and self-driven cars, to impacting a company’s costs and earnings. Artificial intelligence can help in understanding, say the time required to service a product, the cost incurred in the process and also the substitutes of the product. This knowledge helps in reducing production cost, generates new revenue opportunities, and also aids in diversification of the company in terms of new products. Read more at: 

http://venturebeat.com/2015/06/24/the-internet-of-everything-how-iot-and-machine-learning-will-revolutionize-your-business-webinar/

With the advent of Internet of Things (IoT), businesses can now avail additional ways of communicating with their customers. Sensors can be embedded in household appliances allowing consumers to control those which simplify household chores. Doctors nowadays can use apps to link patient statistics and provide personalized advice. Thus healthcare market makes ample use of IoT to provide better services. Security concern should be kept in mind as organizations are now deploying IoT in their enterprise. Organizations should also encourage application developers to maintain a certain standard to prevent poor codes from being deployed. Cloud technology, big data and analytics, mobile computing and social networking along with IoT makes a complete package. Read more at: https://channels.theinnovationenterprise.com/articles/deploying-iot-in-the-enterprise

The future of analytics seems to be brighter with IoT data, it's near real speed analysis and complex event processing systems. But, where exactly is IoT analytics going. Michael Hummel, co-founder and CTO of ParStream, talks future of IoT analytics. Daniel Gutierrez has summarized his talks in an article on Inside BigData highlighting the 4 predictions Michael made:

• Big data, fast data and more analytics

• Horizontal integration and vertical application 

• Decentralization

• Integration of advanced analytics and Machine learning

For more on this piece, follow the link http://insidebigdata.com/2015/05/28/and-this-is-the-future-of-iot-analytics/

At Paris Air Show 2015, Bombardier plans to bring its CSeries jetliner that carries Pratt & Whitney’s Geared Turbo Fan (GTF) engine which uses great swathes of data. But data created by industrial equipment such as jet engines, gas turbines and MRI machines has more potential business value on a size-adjusted basis which makes it valuable than other types of big data being generated from the social web, consumer Internet and other sources. Finally, the Internet of Things is helping manufacturers manage their Pay by Hour engagement models and long term maintenance contracts at lower costs. With rapid advancements in the Internet of Things in aircrafts combined with data analytics, it’s truly exciting to work in the aerospace industry. Read more about this interesting article at:  http://channels.theinnovationenterprise.com/articles/7319-analytics-and-the-internet-of-things-in-aerospace

In coming years, Data generated by IOT devices are predicted to increase more than the available capacity to store, and all data that's generated is not useful for analysis. Only limited part of it is useful. 

According to Computer Business Review(CBR) magazine, there are some data generating areas. It is important to know what data from which area is precious and what is not. Following are the ten of the biggest data generating areas. To know more about these areas, read: 

http://www.cbronline.com/news/internet-of-things/10-of-the-biggest-iot-data-generators-4586937

In the present scenario, the retailers who are combining customer analytics, internet of things (IOT) and data innovation to retrieve and analyze data of consumer preferences, are generating the maximum sales. Others are losing out. Customers now-a-days are well aware of their personal data being collected online by firms and hence expect better retail experience in return. That will only be possible when customers are segmented and served, which is done by analyzing their personal data, using data analytics. Big data can also be used in framing a product's optimal price system and inventory management, according to the prevailing or to be prevailed customer preference trends. Read more at:

http://channels.theinnovationenterprise.com/articles/grasping-the-value-of-data-analytics-in-retail

Web-Connected devices that can talk to each other, transfer data, and carry out tasks without human interaction, are what make up the Internet of Things (IoT). These devices/ things are becoming popular among any firm looking for an edge. Generally IoT refers to devices in Consumer products such as Smart Phones, Smart cars etc. In Industrial sector these devices are used to build smart factories by integrating sensors and software to complex machinery. Growth of these devices will be very high as suggested by a report from Deloitte and there are only few firms working in IoT/Industrial Internet implying that there will be enormous opportunities for entrepreneurs in this sector.

As is the case with any budding technology, this area also faces challenges. Some of which are data security, addressing potential customers’ concerns about privacy, the lack of common standards between companies developing software for these devices; and the need to build physical infrastructure to support the collection and analysis of the data.Read more at: 

http://www.wamda.com/memakersge/2015/05/5-minute-guide-internet-of-things

According to Mary Shacklett (president of Transworld Data), organizations need big data and analytics capabilities for immediately transferring big data into actionable decisions. According to a Gartner September 2014 report, there is an increase in investment in big data by 64% from 2013. Jeff Kelley (Big data analytics analyst from Wikibon), says that “customers expect personalization when they visit websites, so companies need to develop analytical capabilities and in the long term apply real-time will grow as Internet of Things.” Preventive maintenance analytics can be developed, if data on the Internet to thing can be analyzed. To know more about real time analytics and Internet of Things read on:  http://www.techrepublic.com/article/surge-in-real-time-big-data-and-iot-analytics-is-changing-corporate-thinking/

Internet of things (IoT) is helping in monitoring the weather by gathering as much data as possible about the weather so that some idea is obtained about how the weather is evolving in different regions. IoT provides detailed data and makes it feasible to locate hundreds or even thousands of sensors per square mile in populated areas. Many weather forecasting apps are also available. One such app comes from Weather Signal, a brainchild of Open Signal, producing a live crowd source weather map which can be viewed by anyone. The BloomSky Tian is used for a more consistent set of measurement in weather forecasting. It uses Wi-Fi to connect to a home network and also has a camera to take pictures. Both these options are there for consumers, but IoT options are also there for civic and professional use. One such option is available from Envirologger. Read more at:

http://www.informationweek.in/informationweek/news-analysis/297673/monitoring-weather-internet

Nowadays bridges are not inspected visually but by teams of engineers who dangle beneath the bridge on cables or look up at the bridge from an elevated work platform because it has a few problems associated with it like it is a slow, dangerous, expensive process and even the most experienced engineers can overlook cracks in the structure or other critical deficiencies. the process comes with a lot of loopholes. A new detection system has been developed by Babak Moaveni, an assistant professor of civil and environmental engineering at Tufts School of Engineering, smart sensors which are attached permanently to bridge beams and joints, can continuously record vibrations and process the recorded signal. Changes in the vibration response can signify damage, he says. A wireless system that would use autonomous flying robots (quad-copters) to hover near the sensors and collect data while taking visual images of bridge conditions, is also being developed. The drone-like robots would transmit data to a central collection point for analysis by Moaveni in collaboration with Tufts Assistant Professor of Electrical and Computer Engineering Usman Khan. Read more at:

http://www.informationweek.in/informationweek/news-analysis/297556/iot-prevent-bridges-collapsing

There has been a transformation in the lighting industry it is moving from fluorescent to LEDs. The Internet of Things is helping the lighting industry. Increasing efficiency in lighting would save billions of dollars as lighting consumes 461 billion kWh of electricity in a year. LEDs can provide that efficiency, along with a number of other benefits. Energy efficiency is the main force behind the industry wide transition to LEDs. Initial cost of replacing may be high but in the long run it will save substantial amount of money. This problem of high initial cost has been addressed by companies like Philips, by offering lighting-as-a-service. Philips covers the initial installation costs. But offering lighting-as-a-service for something like a commercial building creates challenges as lighting is metered with other equipment in the building  and it is difficult to measure the amount of power light is actually consuming and making cost benefit analysis somewhat  speculative. All the problems associated with lighting can be addressed with the help of Internet. One way to solve the problem is to use Power over Ethernet (PoE) networks, where the Ethernet switch provides a centralized environment where metering and monitoring can take place. Read more at:

http://www.informationweek.in/informationweek/news-analysis/297464/iot-enables-lighting-service

Big data is a key infrastructure in the Internet of Things (IoT), but it's far from the only piece of the fabric. In the coming global order, every element of the natural world, and even every physical person can conceivably be networked. Everything will be capable of being instrumented. If you think that the world of driverless cars, robots carrying out maintenance in hazardous locations like oilrigs, or advertising that reads and responds to individuals' unique facial expressions sound like science fiction. As these trends come to fruition, each of us will evolve into a walking, talking, living beneficiary of the Internet of Things. These are all developments happening today and they're prompting a new exciting phase in analytics that needs to be addressed now. Those that embrace data will be more likely to be surfing on top of the wave of creative destruction, instead of having it crash down on top of them.

Read more at: http://blogs.computerworld.com/business-intelligenceanalytics/23447/internet-things-what-it-and-what-does-it-mean-analytics

Nowadays powerful connected devices are enabling everything from aircrafts to cars, to industrial machines, providing better user experience and saving time and costs through improved operations. The key to this machine intelligence lies in advanced analytics. The Internet of Things (IoT) connects new places such as manufacturing floors, energy grids, healthcare facilities and transportations systems to the Internet. This ensures more data gathered from more places and more opportunities to leverage that data through real-time predictive analytics to improve business outcomes. In the automotive industry connected devices are bringing new levels of intelligence to ensure safety as well as convenience. New ecosystems of connected machines have the potential to increase efficiency with insights to make smarter decisions. Other emerging areas are also witnessing rapid growth of connected devices. These developments are leading to improved safety, security and loss prevention. The three steps companies can take to embrace IoT are- capture and extract data, leverage an analytical engine and give back the insight. Read more at:

http://www.informationweek.in/informationweek/perspective/297298/companies-unlock-value-generated-connected-machines