According to the market study by ABI Research, it was found that revenues generated from integrating, storing, analyzing, and presenting Internet of Things (IoT) data will reach $5.7 billion in 2015 and it is also estimated that it will account for nearly one-third of all big data and analytics revenues. Read more at: http://www.socialmediatoday.com/content/how-iot-analytics-will-reach-57-billion-2015-0
According to a report by corporate finance adviser Hampleton Partners, it was found that investment for Internet-connected devices is growing at a fast pace and the report also highlighted the fact that $9.4 billion has been spent in the past three years to acquire so-called "Internet of Things" suppliers, with $5 billion, or more than half of the total, in the first nine months of 2014. Read more at: http://www.reuters.com/article/2014/11/27/us-internet-m-a-idUSKCN0JB14220141127
The top trends for the year 2015 can be divided into three groups. They are: Merging the Real and Virtual World which includes Computing Everywhere, The Internet of Things, and 3D Printing. The second group is Intelligence Everywhere which includes Advanced Pervasive and Invisible Analytics, Context-Rich Systems and Smart Machines. The third group is Emergence of the New IT Reality. To know more about these emerging trends, follow: : http://www.cmswire.com/cms/internet-of-things/top-10-strategic-tech-trends-for-2015-gartnersym-infographic-026777.php
Internet of Things (IoT) is the new trend in the world of technology. There are three factors which contribute to the growth of IoT. They are: Computer chips with radio communications built in are getting inexpensive, the cost of packaging small quantities of units has dropped with the growth of 3D printing and Sensor Technology has become more advanced, making sensors easy to build. Recently, a number of groups have been formed in order to define standards for Internet of Things. Also, "Open Interconnect Consortium" standard have been established by various companies. To know about the various standards in IoT, follow this link: : http://www.networkcomputing.com/cloud-infrastructure/iot-standards-which-will-prevail/a/d-id/1307046
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:
