As objects become embedded with sensors and gain the ability to communicate,
the new information networks promise to create new business models, improve
business processes, and reduce costs and risks. One such Model is the internet of
things. Sensors and actuators are embedded in physical objects from roadways to
pacemakers are linked through wired and wireless networks, often using the same Internet
Protocol (IP) that connects the Internet. Internet of Things has great potential to support
society, to improve energy efficiency and to optimize various kinds of mobility and
transport at the same time. However, the Internet of Things raises significant
challenges that could stand in the way of reaping its potential benefits. Pitfalls
concerning cyber security, theft and hacking of personal and financial data are the
ones that are making people agitated.
Electronic devices used at home, workplaces, in a neighbourhood or in a large
urban landscape are connected and provide data which is accumulated and analyzed
for the benefit of its users. The ability of a simple cell phone connecting to other
devices, sensors in public, to regulate traffic and other civic institutions, shows how
IoT has merged with data and analytics of data plays a key role and will continue to
do so in the future.
Internet of Things Insights of Applications in Research and Innovation to Int...ijtsrd
In existing world IOT find a great attention from researchers, it becomes an vital technology that offers a well defined communications between objects and machines. That will offer immediate access to information about the real world and objects in it leading to innovative facilities and increase in effectiveness and output. The IoT developments address the whole IoT spectrum form the devices at the edge to cloud and data centres on the backend and everything in between through ecosystems are generated by industry, research and application stakeholders that enable real world use cases to quicken the in IoT and establish open interoperability standards and common architectures for IoT solutions. This paper studies the perception of many IoT applications and innovation of original connected technologies to the challenges that in front of the execution of the IoT. Deepika Bairagee | Aditya Sharma "Internet of Things: Insights of Applications in Research and Innovation to Integrated Ecosystem" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-4 , June 2020, URL: https://www.ijtsrd.com/papers/ijtsrd31213.pdf Paper Url :https://www.ijtsrd.com/computer-science/other/31213/internet-of-things-insights-of-applications-in-research-and-innovation-to-integrated-ecosystem/deepika-bairagee
Emerging Technologies: Changing how we live, work and play EY-Mint Emerging ...eraser Juan José Calderón
Emerging Technologies: Changing how we live, work and play
EY-Mint Emerging Technologies Report 2019.
Una gran cantidad de tecnologías emergentes está dando forma a nuestras vidas, posiblemente a un ritmo de cambio nunca antes visto en la historia. Habilitado por el poder de cómputo barato y el acceso a grandes conjuntos de datos, las máquinas ya están haciendo un mejor trabajo que los humanos en varias áreas. Esta "inteligencia" se está alejando de las granjas de servidores centrales hacia dispositivos y cosas que pronto se convertirán en parte de nuestra vida cotidiana. Estos dispositivos potencialmente negociarán su propio camino en nuestro mundo a través de "contratos inteligentes" y sin una intervención humana significativa. La información perceptiva superpuesta sobre estos objetos del mundo real nos ayudará a salir de los dispositivos móviles que han captado nuestra atención en este mundo posterior a Internet. Lo que parece único en este momento actual es la rápida adopción de muchas de estas tecnologías habilitadoras y su potencial para trabajar juntos para cambiar nuestras vidas.
Upcoming trends in Internet of Things (IoT)SatyaKVivek
As more and more devices are getting connected to the internet, individuals and businesses are depending heavily on such connected technologies to manage their day-to-day work, importance of IoT is increasing multiple times.
Internet of Things Corporate PresentationMomentumPR
Internet of Things Inc. (TSX-V: ITT) is an IoT software and solutions provider acquiring and implementing strategic disruptive solutions targeting the Industrial IoT markets including: manufacturing, agriculture, energy management, transportation.
Internet of Things & Hardware Industry Report 2016Bernard Moon
Overview of industry trends and insights of Fortune 500 companies and startups' activities in the Internet of Things (IoT) and hardware space. We cover connected home, wearables, healthcare, robotics & drones, and industrial IoT.
The document introduces the concepts of the Internet of Things (IoT) and discusses its applications and architecture models. It aims to discuss semantic technologies, service oriented solutions, and networking technologies that enable the integration of IoT data and services into the cyber world. Sources and videos are provided on topics relating to IoT security risks, definitions, and business trends.
The document discusses several emerging technologies and their predicted impacts, according to analyst firm Gartner. It provides assumptions from Gartner about the growth of artificial intelligence, autonomous vehicles, blockchain, and augmented reality shopping by certain dates. It also discusses technologies like the Internet of Things, big data, business analytics, data mining, and disruptive technologies such as blockchain, virtual/augmented reality, Industry 4.0/smart manufacturing.
Internet of Things Insights of Applications in Research and Innovation to Int...ijtsrd
In existing world IOT find a great attention from researchers, it becomes an vital technology that offers a well defined communications between objects and machines. That will offer immediate access to information about the real world and objects in it leading to innovative facilities and increase in effectiveness and output. The IoT developments address the whole IoT spectrum form the devices at the edge to cloud and data centres on the backend and everything in between through ecosystems are generated by industry, research and application stakeholders that enable real world use cases to quicken the in IoT and establish open interoperability standards and common architectures for IoT solutions. This paper studies the perception of many IoT applications and innovation of original connected technologies to the challenges that in front of the execution of the IoT. Deepika Bairagee | Aditya Sharma "Internet of Things: Insights of Applications in Research and Innovation to Integrated Ecosystem" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-4 , June 2020, URL: https://www.ijtsrd.com/papers/ijtsrd31213.pdf Paper Url :https://www.ijtsrd.com/computer-science/other/31213/internet-of-things-insights-of-applications-in-research-and-innovation-to-integrated-ecosystem/deepika-bairagee
Emerging Technologies: Changing how we live, work and play EY-Mint Emerging ...eraser Juan José Calderón
Emerging Technologies: Changing how we live, work and play
EY-Mint Emerging Technologies Report 2019.
Una gran cantidad de tecnologías emergentes está dando forma a nuestras vidas, posiblemente a un ritmo de cambio nunca antes visto en la historia. Habilitado por el poder de cómputo barato y el acceso a grandes conjuntos de datos, las máquinas ya están haciendo un mejor trabajo que los humanos en varias áreas. Esta "inteligencia" se está alejando de las granjas de servidores centrales hacia dispositivos y cosas que pronto se convertirán en parte de nuestra vida cotidiana. Estos dispositivos potencialmente negociarán su propio camino en nuestro mundo a través de "contratos inteligentes" y sin una intervención humana significativa. La información perceptiva superpuesta sobre estos objetos del mundo real nos ayudará a salir de los dispositivos móviles que han captado nuestra atención en este mundo posterior a Internet. Lo que parece único en este momento actual es la rápida adopción de muchas de estas tecnologías habilitadoras y su potencial para trabajar juntos para cambiar nuestras vidas.
Upcoming trends in Internet of Things (IoT)SatyaKVivek
As more and more devices are getting connected to the internet, individuals and businesses are depending heavily on such connected technologies to manage their day-to-day work, importance of IoT is increasing multiple times.
Internet of Things Corporate PresentationMomentumPR
Internet of Things Inc. (TSX-V: ITT) is an IoT software and solutions provider acquiring and implementing strategic disruptive solutions targeting the Industrial IoT markets including: manufacturing, agriculture, energy management, transportation.
Internet of Things & Hardware Industry Report 2016Bernard Moon
Overview of industry trends and insights of Fortune 500 companies and startups' activities in the Internet of Things (IoT) and hardware space. We cover connected home, wearables, healthcare, robotics & drones, and industrial IoT.
The document introduces the concepts of the Internet of Things (IoT) and discusses its applications and architecture models. It aims to discuss semantic technologies, service oriented solutions, and networking technologies that enable the integration of IoT data and services into the cyber world. Sources and videos are provided on topics relating to IoT security risks, definitions, and business trends.
The document discusses several emerging technologies and their predicted impacts, according to analyst firm Gartner. It provides assumptions from Gartner about the growth of artificial intelligence, autonomous vehicles, blockchain, and augmented reality shopping by certain dates. It also discusses technologies like the Internet of Things, big data, business analytics, data mining, and disruptive technologies such as blockchain, virtual/augmented reality, Industry 4.0/smart manufacturing.
Internet Of Things Uses & Applications In Various Industries | IOTPixelCrayons
The Internet of Things (IoT) is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.
This emerging tech research from CompTIA describes the growing role of artificial intelligence in the technology strategies that businesses are building.”
Each year Wing surveys the IoT landscape through our IoT Startup State of the Union. We do this to understand what is happening beyond the headlines, and share these insights with our community. This year, we expanded our data set to 3670 deals, across 68 IoT sub-categories, between 2013 and 2017.
Evolution of Internet of Things (IoT) Ecosystem - Potential in IndiaJayanth Kolla
This is India's first, and one of the world's first market-specific industry analysis report on Internet of Things (IoT) domain.
This report evaluates the global developments in the IoT space. And, delves deeper into the current state, growth potential and future outlook of IoT ecosystem evolution in India. This report assesses India as a potential market and innovation hub for IoT based products and solutions.
This is the Executive Summary and ToC of the full report
Top 5 Emerging Technologies - Future Horizons 2019Mike Parsons
So what's next in emerging technology for 2019? Discover the leading technologies and how they work. Virtual Reality, Blockchain, Voice as an Interface, Augmented Reality, Autonomous Vehicles, Face Recognition, IOT, Artificial Intelligence, Sensors, Smart Cities, Edge Computing, Quantum Computing, Mixed Reality, Ethics and Privacy.
This document provides an overview of the Internet of Things (IoT). It defines IoT as an ecosystem of connected physical objects that are accessible via the internet. These "things" can collect and transfer data without human intervention through built-in sensors. The document outlines several applications of IoT such as smart homes, wearables, connected cars, industrial uses, smart cities, agriculture, retail, energy, healthcare, and farming. It also discusses the rapid growth expected in IoT with billions of connected devices projected by 2020. However, the document notes issues like platform fragmentation, privacy/security concerns, and lack of interoperability that could impact adoption of IoT technologies.
“the Internet of Everything (IoE) is bringing together people, process, data, and things to make networked connections more relevant and valuable than ever before-turning information into actions that create new capabilities, richer experiences, and unprecedented economic opportunity for businesses, individuals, and countries.”
IOT is going to be very big and the fitness, health club and gym industry are no exception. To lead the adoption of IOT requires thoughtful strategy and a clear road map for implementation.
The Internet of Things. Wharton Guest Lecture by Sandeep Kishore – Corporate ...HCL Technologies
Internet became mainstream around 20 years ago and the rapid pace of technology development we have seen over these years is fascinating. We are now looking at the biggest revolution ever, in the world of connectivity - Internet of Things (IoT). Everything we can think of around us - at home, work, in the car, or at a retail store -- will be interconnected, exchanging data and information, thus leading to an extremely intelligent network of things. It will lead to richer user experience, improved efficiencies and higher collaboration across the ecosystem. Exciting times await us...
Artificial Intelligence and Human Computer Interactionijtsrd
Computers are becoming ubiquitous and are playing significant roles in our lives. Domestic digital devices for leisure and entertainment are becoming increasingly important. To be usable, every computing device must allow for some form of interaction with its user. The human computer interaction is the point of communication between the human user and the computer. AI has been gradually being incorporated into human computer interaction HCI . As AI systems become more and more ubiquitous, it is imperative to understand those systems from a human perspective. This paper provides an introduction to the “marriage†between HCI and AI. Matthew N. O. Sadiku | Uwakwe C. Chukwu | Abayomi Ajayi-Majebi | Sarhan M. Musa "Artificial Intelligence and Human-Computer Interaction" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47491.pdf Paper URL : https://www.ijtsrd.com/engineering/computer-engineering/47491/artificial-intelligence-and-humancomputer-interaction/matthew-n-o-sadiku
The document provides an overview of the Internet of Things (IoT). It defines IoT as the network of physical devices embedded with electronics, software, sensors and connectivity that allows these devices to collect and exchange data. It describes how IoT devices can be remotely monitored and controlled via existing network infrastructure. The document also outlines several key components of IoT including hardware, software, communication technologies, applications in different industries, and major players. It provides examples of large-scale IoT deployments and a glossary of common IoT terms.
The document discusses various applications and implications of artificial intelligence (AI). It describes how AI is being used in healthcare to help patients, in agriculture to improve crop yields more sustainably, and in banking for customer support and fraud detection. Autonomous vehicles are also discussed as an area being revolutionized by AI. The document outlines advantages like reduced human error but also disadvantages such as unemployment. It concludes that while AI promises many benefits, its development also raises concerns about risks that must be addressed.
Insight into IoT Applications and Common Practice Challengesijtsrd
IoT caused a revolution in the technological world. Not only is the IoT related to computers, people or cell phones but also to various sensors, actuators, vehicles, and other modern appliances. There are around 14 billion interconnected digital devices across the globe i.e. almost 2 devices per human being on earth. The IoT serves as a medium to connect non living things to the internet to transfer information from one point to another in their community network which automates processes and ultimately makes the life of human beings convenient. The subsequent result of amalgamating internet connectivity with powerful data analysis is a complete change in the way we humans work and live. The most vital characteristics of IoT include connectivity, active engagement, sensors, artificial intelligence, and small device use. All of this creates many challenges that need to be solved to keep this technology to continue expanding. In this paper, we have identified various applications of IoT based on recent technological and business trends and highlighted the existing challenges faced by IoT which need to be addressed considering the exponential acceptance of the concept globally and the way those challenges had been addressed in the past. We have also made a few comments on the way such challenges are being attempted to be resolved now. This paper presents the current status Internet of Things IoT in terms of technical details, and applications. Also, this paper opens a window for future work on the historical approach to study and address IoT challenges. Lubna Alazzawi | Jamal Alotaibi "Insight into IoT Applications and Common Practice Challenges" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-3 , April 2020, URL: https://www.ijtsrd.com/papers/ijtsrd30286.pdf Paper Url :https://www.ijtsrd.com/engineering/computer-engineering/30286/insight-into-iot-applications-and-common-practice-challenges/lubna-alazzawi
The document discusses the emerging concept of the "Internet of Things", where physical objects are embedded with sensors and connected via networks. This allows the objects to generate and share vast amounts of data. The document outlines six applications of this emerging technology: 1) Tracking behavior, 2) Enhanced situational awareness, 3) Sensor-driven decision analytics, 4) Process optimization, 5) Optimized resource consumption, and 6) Complex autonomous systems. While promising, challenges around business models, privacy, security, and technology must still be addressed before widespread adoption.
The digital economy is the type of economy which operates predominantly with the help of digital technology. It is the economic activity that results from the online transactions among people, businesses, devices, and processes. The economic activity is enabled by information and communications technologies. The transition from traditional to digital economy will boost national competitiveness and bring about new opportunities for businesses and jobs. This paper provides a primer on digital economy. Matthew N. O. Sadiku | Uwakwe C. Chukwu | Abayomi Ajayi-Majebi | Sarhan M. Musa "Digital Economy: A Primer" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd46449.pdf Paper URL : https://www.ijtsrd.com/engineering/electrical-engineering/46449/digital-economy-a-primer/matthew-n-o-sadiku
IOT (Internet Of Things), its demand and how it benefits the business, its role in developing Smart Cities, and connect different devices with help of internet.
From IBM Business Connect 2016 in Copenhagen. Covers definition of cognitive buildings and background on the global partnership between ISS and IBM on IoT,cognitive buildings, facility management and workforce optimization.
The document discusses trends related to the Internet of Things (IoT) and cybersecurity. It provides definitions and statistics about the growing IoT landscape, including predictions that 50 billion devices will be connected by 2020. It also discusses the financial value of IoT being in the trillions of dollars annually by 2025. Other sections cover five key areas of focus for IoT, including consumer, industrial, networking, analytics, and autonomous technologies. The document outlines technology trends like automation, robotics, AI, and 3D printing that are enabling IoT. It also discusses policy issues, enablers of IoT like lower sensor/bandwidth costs, and vertical areas like smart cities, transportation, health, and more. Cyber
Welcome to the future of the Internet of Things. IoT Viewpoints 2018 is a collection of Ovum’s newest thought leadership on emerging IoT trends, technologies and opportunities.
In this presentation, Mukta introduces IoT and associated trends. Mukta is interested in IoT applications in healthcare, she talks about reports on BP and breathing habits to help users in managing health.
This document contains information about Mukta V Satish, a 2nd year Computer Science and Engineering student at Dayanand Sagar College of Engineering in Bangalore. It provides an introduction to the Internet of Things (IoT) which connects everyday devices to the network to increase efficiency and enable new services. Some key trends in IoT discussed are the Web of Things, improving industrial applications through real-time monitoring, secure cloud analytics using elastic computing, and machine-generated responses. The document also outlines Mukta's interests in cloud analytics and developing an application to monitor health vitals using wearables.
Internet Of Things Uses & Applications In Various Industries | IOTPixelCrayons
The Internet of Things (IoT) is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.
This emerging tech research from CompTIA describes the growing role of artificial intelligence in the technology strategies that businesses are building.”
Each year Wing surveys the IoT landscape through our IoT Startup State of the Union. We do this to understand what is happening beyond the headlines, and share these insights with our community. This year, we expanded our data set to 3670 deals, across 68 IoT sub-categories, between 2013 and 2017.
Evolution of Internet of Things (IoT) Ecosystem - Potential in IndiaJayanth Kolla
This is India's first, and one of the world's first market-specific industry analysis report on Internet of Things (IoT) domain.
This report evaluates the global developments in the IoT space. And, delves deeper into the current state, growth potential and future outlook of IoT ecosystem evolution in India. This report assesses India as a potential market and innovation hub for IoT based products and solutions.
This is the Executive Summary and ToC of the full report
Top 5 Emerging Technologies - Future Horizons 2019Mike Parsons
So what's next in emerging technology for 2019? Discover the leading technologies and how they work. Virtual Reality, Blockchain, Voice as an Interface, Augmented Reality, Autonomous Vehicles, Face Recognition, IOT, Artificial Intelligence, Sensors, Smart Cities, Edge Computing, Quantum Computing, Mixed Reality, Ethics and Privacy.
This document provides an overview of the Internet of Things (IoT). It defines IoT as an ecosystem of connected physical objects that are accessible via the internet. These "things" can collect and transfer data without human intervention through built-in sensors. The document outlines several applications of IoT such as smart homes, wearables, connected cars, industrial uses, smart cities, agriculture, retail, energy, healthcare, and farming. It also discusses the rapid growth expected in IoT with billions of connected devices projected by 2020. However, the document notes issues like platform fragmentation, privacy/security concerns, and lack of interoperability that could impact adoption of IoT technologies.
“the Internet of Everything (IoE) is bringing together people, process, data, and things to make networked connections more relevant and valuable than ever before-turning information into actions that create new capabilities, richer experiences, and unprecedented economic opportunity for businesses, individuals, and countries.”
IOT is going to be very big and the fitness, health club and gym industry are no exception. To lead the adoption of IOT requires thoughtful strategy and a clear road map for implementation.
The Internet of Things. Wharton Guest Lecture by Sandeep Kishore – Corporate ...HCL Technologies
Internet became mainstream around 20 years ago and the rapid pace of technology development we have seen over these years is fascinating. We are now looking at the biggest revolution ever, in the world of connectivity - Internet of Things (IoT). Everything we can think of around us - at home, work, in the car, or at a retail store -- will be interconnected, exchanging data and information, thus leading to an extremely intelligent network of things. It will lead to richer user experience, improved efficiencies and higher collaboration across the ecosystem. Exciting times await us...
Artificial Intelligence and Human Computer Interactionijtsrd
Computers are becoming ubiquitous and are playing significant roles in our lives. Domestic digital devices for leisure and entertainment are becoming increasingly important. To be usable, every computing device must allow for some form of interaction with its user. The human computer interaction is the point of communication between the human user and the computer. AI has been gradually being incorporated into human computer interaction HCI . As AI systems become more and more ubiquitous, it is imperative to understand those systems from a human perspective. This paper provides an introduction to the “marriage†between HCI and AI. Matthew N. O. Sadiku | Uwakwe C. Chukwu | Abayomi Ajayi-Majebi | Sarhan M. Musa "Artificial Intelligence and Human-Computer Interaction" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47491.pdf Paper URL : https://www.ijtsrd.com/engineering/computer-engineering/47491/artificial-intelligence-and-humancomputer-interaction/matthew-n-o-sadiku
The document provides an overview of the Internet of Things (IoT). It defines IoT as the network of physical devices embedded with electronics, software, sensors and connectivity that allows these devices to collect and exchange data. It describes how IoT devices can be remotely monitored and controlled via existing network infrastructure. The document also outlines several key components of IoT including hardware, software, communication technologies, applications in different industries, and major players. It provides examples of large-scale IoT deployments and a glossary of common IoT terms.
The document discusses various applications and implications of artificial intelligence (AI). It describes how AI is being used in healthcare to help patients, in agriculture to improve crop yields more sustainably, and in banking for customer support and fraud detection. Autonomous vehicles are also discussed as an area being revolutionized by AI. The document outlines advantages like reduced human error but also disadvantages such as unemployment. It concludes that while AI promises many benefits, its development also raises concerns about risks that must be addressed.
Insight into IoT Applications and Common Practice Challengesijtsrd
IoT caused a revolution in the technological world. Not only is the IoT related to computers, people or cell phones but also to various sensors, actuators, vehicles, and other modern appliances. There are around 14 billion interconnected digital devices across the globe i.e. almost 2 devices per human being on earth. The IoT serves as a medium to connect non living things to the internet to transfer information from one point to another in their community network which automates processes and ultimately makes the life of human beings convenient. The subsequent result of amalgamating internet connectivity with powerful data analysis is a complete change in the way we humans work and live. The most vital characteristics of IoT include connectivity, active engagement, sensors, artificial intelligence, and small device use. All of this creates many challenges that need to be solved to keep this technology to continue expanding. In this paper, we have identified various applications of IoT based on recent technological and business trends and highlighted the existing challenges faced by IoT which need to be addressed considering the exponential acceptance of the concept globally and the way those challenges had been addressed in the past. We have also made a few comments on the way such challenges are being attempted to be resolved now. This paper presents the current status Internet of Things IoT in terms of technical details, and applications. Also, this paper opens a window for future work on the historical approach to study and address IoT challenges. Lubna Alazzawi | Jamal Alotaibi "Insight into IoT Applications and Common Practice Challenges" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-3 , April 2020, URL: https://www.ijtsrd.com/papers/ijtsrd30286.pdf Paper Url :https://www.ijtsrd.com/engineering/computer-engineering/30286/insight-into-iot-applications-and-common-practice-challenges/lubna-alazzawi
The document discusses the emerging concept of the "Internet of Things", where physical objects are embedded with sensors and connected via networks. This allows the objects to generate and share vast amounts of data. The document outlines six applications of this emerging technology: 1) Tracking behavior, 2) Enhanced situational awareness, 3) Sensor-driven decision analytics, 4) Process optimization, 5) Optimized resource consumption, and 6) Complex autonomous systems. While promising, challenges around business models, privacy, security, and technology must still be addressed before widespread adoption.
The digital economy is the type of economy which operates predominantly with the help of digital technology. It is the economic activity that results from the online transactions among people, businesses, devices, and processes. The economic activity is enabled by information and communications technologies. The transition from traditional to digital economy will boost national competitiveness and bring about new opportunities for businesses and jobs. This paper provides a primer on digital economy. Matthew N. O. Sadiku | Uwakwe C. Chukwu | Abayomi Ajayi-Majebi | Sarhan M. Musa "Digital Economy: A Primer" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd46449.pdf Paper URL : https://www.ijtsrd.com/engineering/electrical-engineering/46449/digital-economy-a-primer/matthew-n-o-sadiku
IOT (Internet Of Things), its demand and how it benefits the business, its role in developing Smart Cities, and connect different devices with help of internet.
From IBM Business Connect 2016 in Copenhagen. Covers definition of cognitive buildings and background on the global partnership between ISS and IBM on IoT,cognitive buildings, facility management and workforce optimization.
The document discusses trends related to the Internet of Things (IoT) and cybersecurity. It provides definitions and statistics about the growing IoT landscape, including predictions that 50 billion devices will be connected by 2020. It also discusses the financial value of IoT being in the trillions of dollars annually by 2025. Other sections cover five key areas of focus for IoT, including consumer, industrial, networking, analytics, and autonomous technologies. The document outlines technology trends like automation, robotics, AI, and 3D printing that are enabling IoT. It also discusses policy issues, enablers of IoT like lower sensor/bandwidth costs, and vertical areas like smart cities, transportation, health, and more. Cyber
Welcome to the future of the Internet of Things. IoT Viewpoints 2018 is a collection of Ovum’s newest thought leadership on emerging IoT trends, technologies and opportunities.
In this presentation, Mukta introduces IoT and associated trends. Mukta is interested in IoT applications in healthcare, she talks about reports on BP and breathing habits to help users in managing health.
This document contains information about Mukta V Satish, a 2nd year Computer Science and Engineering student at Dayanand Sagar College of Engineering in Bangalore. It provides an introduction to the Internet of Things (IoT) which connects everyday devices to the network to increase efficiency and enable new services. Some key trends in IoT discussed are the Web of Things, improving industrial applications through real-time monitoring, secure cloud analytics using elastic computing, and machine-generated responses. The document also outlines Mukta's interests in cloud analytics and developing an application to monitor health vitals using wearables.
The document discusses the Internet of Things (IoT), including its history, components, applications, advantages, and disadvantages. It provides examples of real-time IoT devices and discusses how IoT will affect business and work. The main applications of IoT discussed are smart homes, wearables, smart cities, smart grids, industrial internet, connected cars, connected health, smart retail, smart supply chains, and smart farming. The document concludes that while IoT has security and privacy disadvantages, its advantages of saving time and money will lead to its increased common use in households and companies.
The Internet of Things (IoT) is a term used to describe a network of interconnected devices that are able to communicate with each other and share data. These devices can be anything from smart appliances in your home to sensors in a manufacturing plant or even wearable devices like fitness trackers. The applications of IoT are numerous and continue to expand as technology advances. In this article, we'll explore some of the most important and interesting applications of IoT.
Smart Homes and Buildings
One of the most well-known applications of IoT is in smart homes and buildings. IoT devices can be used to control everything from temperature and lighting to security systems and home entertainment systems. Smart home devices can be controlled remotely through smartphones or other devices, and can even be automated based on the user's preferences and routines.
Smart buildings take this concept a step further, with IoT sensors and systems used to optimize energy usage, monitor air quality, and even control elevators and other building systems. These applications can help reduce energy costs, improve safety, and enhance the overall user experience.
Healthcare
IoT has a variety of applications in the healthcare industry, from wearable devices that monitor vital signs to smart pills that track medication usage. IoT sensors can also be used to monitor patients in hospital settings, allowing medical staff to detect changes in a patient's condition more quickly and respond accordingly.
In addition, IoT devices can be used for remote patient monitoring, allowing patients to receive care in their own homes rather than having to travel to a medical facility. This can improve patient outcomes and reduce healthcare costs.
Agriculture
IoT sensors and systems are increasingly being used in the agricultural industry to optimize crop yields and reduce waste. These sensors can be used to monitor soil moisture, temperature, and nutrient levels, allowing farmers to make more informed decisions about when and how to water and fertilize their crops.
In addition, IoT systems can be used to track the movement and health of livestock, helping farmers to detect and respond to potential health issues more quickly.
Manufacturing
IoT is also being used in the manufacturing industry to improve efficiency and reduce waste. IoT sensors can be used to monitor equipment and machinery, providing real-time data on performance and identifying potential maintenance issues before they become more serious
Designing for Manufacturing's 'Internet of Things'Cognizant
The deeper meshing of virtual and physical machines offers the potential to truly transform the manufacturing value chain, from suppliers through customers, and at every touchpoint along the way.
NCET Biz Cafe | How IoT is Transforming Business and our Daily Lives | June 20Archersan
When the stuff around your house — your fridge, your toys, your sporting goods — start reflecting “intelligence,” what’s the next step?
Our expert says: Brands and businesses need to take notice.
As more ordinary objects are connected to the internet — also known as the Internet of Things — we are entering a new era. While we are just at the beginning stages of the connected economy, this transition is going to have significant impact on the way we work and the way we live our lives.
Join Daniel Price, CEO of Breadware, in discussing the global movement of the Internet of Things and the concept of the connected economy. Daniel is an experienced entrepreneur and is fascinated by innovation and the way it is enabled by and acts upon surrounding ecosystems. Daniel has been part of 4 startups and is a coauthor on eight patents.
While the conversation will be about cutting-edge technology, the conversation itself won’t be deeply technical. Rather, Daniel will walk through the topics that really matter. In this Biz Café, called “How the Internet of Things Is Transforming Business and Our Daily Lives,” he will address:
- What do brands and companies need to be thinking about in order to capture the wave of the connected economy and not be left behind?
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What do consumers and users of the technology need know about the privacy and security aspects of this new technology?
Comparative Study of Security Issue and Challenges in IoTijtsrd
In the past few years, Internet of things IoT has been a focal point of research. The Internet of Things IoT hold up an expansive scope of uses including keen urban areas, waste management, auxiliary wellbeing, security, crisis administrations, coordinations, retails, mechanical control, and wellbeing care. Privacy and Security are the key issues for IoT applications, and still face some colossal challenges. In late years, the Internet of Things IoT has increased calculable research consideration. Now days, the IoT is considered as eventual fate of the web. In future, IoT will assume a significant job and will change our gauges, plan of action just as living styles. Right now give a similar report on security issue and difficulties in iot just as a short depiction on utilizations of iot. Sayali Vishwanath Pawar "Comparative Study of Security Issue and Challenges in IoT" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-3 , April 2020, URL: https://www.ijtsrd.com/papers/ijtsrd30653.pdf Paper Url :https://www.ijtsrd.com/computer-science/other/30653/comparative-study-of-security-issue-and-challenges-in-iot/sayali-vishwanath-pawar
This document discusses the Internet of Things (IoT). It defines IoT as billions of devices, sensors and chips that are able to communicate via the Internet to create smart environments. Key trends in IoT include machine-to-machine communication, new IoT apps, big data, cloud computing, and wearables. IoT is expected to have a big impact, generating over $300 billion in revenue by 2020 and $8.9 trillion globally by that year. The document also notes the author's interest in areas like home and building automation for an internship.
Keshav Laad is a 4th year student studying Information Technology at ABV- Indian Institute of Information Technology and Management in Gwalior. The document discusses the latest trends in Internet of Things (IoT), which connects everyday consumer objects and industrial equipment to the network to gather information and manage devices via software. It outlines trends in automobiles, wearables, and connected cars. The future of IoT is emerging as the third wave of Internet development and will change personal lives, workplaces, consumption, and spawn new businesses analyzing the data and creating new connected things. Growth is being driven by new products and services, cost savings, productivity gains, and consumer demand for improved health, energy savings and safety.
The Internet Of Things will have an increasing impact to all industries and health and fitness are no exception. This definitive guide provides a blue print for the things we all need to keep in mind as we adopt the IOT revolution.
The document discusses the Internet of Things (IoT), which refers to the connection of physical objects through the internet. It defines IoT and describes its three main components: things or assets, communication networks, and computing systems. Examples are given of IoT applications in various industries like agriculture, manufacturing, utilities, and smart homes/cities. Challenges of IoT discussed include security issues due to more entry points, the need to transition from IPv4 to IPv6, and developing self-sustaining power sources for devices. The document concludes by mentioning recent news and growth forecasts about IoT and how it can benefit areas like transportation, energy grids, and security.
The document discusses the topic of the Internet of Things (IoT). It defines IoT as connecting devices to the internet to allow them to interact, collaborate and share data. It provides examples of IoT applications in various domains like smart homes, healthcare, smart cities, agriculture and industrial automation. The document also outlines some of the benefits of IoT for businesses, the large scope and growth potential of IoT, and some challenges and criticisms regarding privacy, security and lack of standards.
High-level overview of what IOT is, its history & future, the definition and its components, the applications for consumers & businesses and the challenges
Application and Usefulness of Internet of Things in Information TechnologyDr. Amarjeet Singh
The Internet of Things (IoT) is a system of
interrelated computing devices, mechanical and digital
machines, objects, animals or people that are provided with
unique identifiers and the ability to transfer data over a
network without requiring human-to-human or human-tocomputer interaction. It is an ambiguous term, but it is fast
becoming a tangible technology that can be applied in data
centers to collect information on just about anything that
IT wants to control. IoT has evolved from the convergence
of wireless technologies, micro-electromechanical systems
(MEMS), microservices and the internet. The convergence
has helped tear down the silo walls between operational
technology (OT) and information technology (IT), allowing
unstructured machine-generated data to be analyzed for
insights that will drive improvements. The Internet of
Things (IoT) is essentially a system of machines or objects
outfitted with data-collecting technologies so that those
objects can communicate with one another. The machineto-machine (M2M) data that is generated has a wide range
of uses, but is commonly seen as a way to determine the
health and status of things -- inanimate or living.
In this presentation, Nitika introduces IoT and associated trends. Her interest area lies in applications of IoT to asset sharing, collaborative/ MESH economy and internet of caring things.
The document discusses digital transformation, Industry 4.0, and the Internet of Things. It defines Industry 4.0 as the current trend of automation and data exchange in manufacturing technologies. Industry 4.0 focuses on production processes within smart factories, while the Internet of Things focuses on the utilization of connected devices. The document also introduces concepts like cyber-physical systems, smart engineering, and smart factories, and discusses how they relate to digital transformation and each other.
This document provides an overview of the Internet of Things (IoT) landscape in India. It discusses the growth of the IoT market and number of IoT firms in India. Key points include: (1) The Indian IoT market is expected to reach $15 billion by 2020; (2) Nearly 120 firms offer IoT solutions in India, with 60% of startups emerging after 2010; (3) Important applications and use cases driving growth include smart buildings, transportation, logistics, and agriculture. The document also examines technological changes in IoT and implementation across various industries such as industrial IoT, smart homes, automotive, and smart cities in India.
Insights Success is the Best Business Magazine in the world for enterprises, being a platform it focuses distinctively on emerging as well as leading fastest growing companies, their confrontational style of doing business and way of delivering effective and collaborative solutions to strengthen market share. Here, we talks about leader’s viewpoints & ideas, latest products/services, etc. Insights Success magazine reaches out to all the ‘C’ Level professional, VPs, Consultants, VCs, Managers, and HRs of various industries.
In this presentation, Sumit introduces IoT and associated trends. Sumit's interest area lies in enabking physical-digital communication that is independent of physical location
Submission Deadline: 30th September 2022
Acceptance Notification: Within Three Days’ time period
Online Publication: Within 24 Hrs. time Period
Expected Date of Dispatch of Printed Journal: 5th October 2022
MODELING AND ANALYSIS OF SURFACE ROUGHNESS AND WHITE LATER THICKNESS IN WIRE-...IAEME Publication
White layer thickness (WLT) formed and surface roughness in wire electric discharge turning (WEDT) of tungsten carbide composite has been made to model through response surface methodology (RSM). A Taguchi’s standard Design of experiments involving five input variables with three levels has been employed to establish a mathematical model between input parameters and responses. Percentage of cobalt content, spindle speed, Pulse on-time, wire feed and pulse off-time were changed during the experimental tests based on the Taguchi’s orthogonal array L27 (3^13). Analysis of variance (ANOVA) revealed that the mathematical models obtained can adequately describe performance within the parameters of the factors considered. There was a good agreement between the experimental and predicted values in this study.
A STUDY ON THE REASONS FOR TRANSGENDER TO BECOME ENTREPRENEURSIAEME Publication
The study explores the reasons for a transgender to become entrepreneurs. In this study transgender entrepreneur was taken as independent variable and reasons to become as dependent variable. Data were collected through a structured questionnaire containing a five point Likert Scale. The study examined the data of 30 transgender entrepreneurs in Salem Municipal Corporation of Tamil Nadu State, India. Simple Random sampling technique was used. Garrett Ranking Technique (Percentile Position, Mean Scores) was used as the analysis for the present study to identify the top 13 stimulus factors for establishment of trans entrepreneurial venture. Economic advancement of a nation is governed upon the upshot of a resolute entrepreneurial doings. The conception of entrepreneurship has stretched and materialized to the socially deflated uncharted sections of transgender community. Presently transgenders have smashed their stereotypes and are making recent headlines of achievements in various fields of our Indian society. The trans-community is gradually being observed in a new light and has been trying to achieve prospective growth in entrepreneurship. The findings of the research revealed that the optimistic changes are taking place to change affirmative societal outlook of the transgender for entrepreneurial ventureship. It also laid emphasis on other transgenders to renovate their traditional living. The paper also highlights that legislators, supervisory body should endorse an impartial canons and reforms in Tamil Nadu Transgender Welfare Board Association.
BROAD UNEXPOSED SKILLS OF TRANSGENDER ENTREPRENEURSIAEME Publication
Since ages gender difference is always a debatable theme whether caused by nature, evolution or environment. The birth of a transgender is dreadful not only for the child but also for their parents. The pain of living in the wrong physique and treated as second class victimized citizen is outrageous and fully harboured with vicious baseless negative scruples. For so long, social exclusion had perpetuated inequality and deprivation experiencing ingrained malign stigma and besieged victims of crime or violence across their life spans. They are pushed into the murky way of life with a source of eternal disgust, bereft sexual potency and perennial fear. Although they are highly visible but very little is known about them. The common public needs to comprehend the ravaged arrogance on these insensitive souls and assist in integrating them into the mainstream by offering equal opportunity, treat with humanity and respect their dignity. Entrepreneurship in the current age is endorsing the gender fairness movement. Unstable careers and economic inadequacy had inclined one of the gender variant people called Transgender to become entrepreneurs. These tiny budding entrepreneurs resulted in economic transition by means of employment, free from the clutches of stereotype jobs, raised standard of living and handful of financial empowerment. Besides all these inhibitions, they were able to witness a platform for skill set development that ignited them to enter into entrepreneurial domain. This paper epitomizes skill sets involved in trans-entrepreneurs of Thoothukudi Municipal Corporation of Tamil Nadu State and is a groundbreaking determination to sightsee various skills incorporated and the impact on entrepreneurship.
DETERMINANTS AFFECTING THE USER'S INTENTION TO USE MOBILE BANKING APPLICATIONSIAEME Publication
The banking and financial services industries are experiencing increased technology penetration. Among them, the banking industry has made technological advancements to better serve the general populace. The economy focused on transforming the banking sector's system into a cashless, paperless, and faceless one. The researcher wants to evaluate the user's intention for utilising a mobile banking application. The study also examines the variables affecting the user's behaviour intention when selecting specific applications for financial transactions. The researcher employed a well-structured questionnaire and a descriptive study methodology to gather the respondents' primary data utilising the snowball sampling technique. The study includes variables like performance expectations, effort expectations, social impact, enabling circumstances, and perceived risk. Each of the aforementioned variables has a major impact on how users utilise mobile banking applications. The outcome will assist the service provider in comprehending the user's history with mobile banking applications.
ANALYSE THE USER PREDILECTION ON GPAY AND PHONEPE FOR DIGITAL TRANSACTIONSIAEME Publication
Technology upgradation in banking sector took the economy to view that payment mode towards online transactions using mobile applications. This system enabled connectivity between banks, Merchant and user in a convenient mode. there are various applications used for online transactions such as Google pay, Paytm, freecharge, mobikiwi, oxygen, phonepe and so on and it also includes mobile banking applications. The study aimed at evaluating the predilection of the user in adopting digital transaction. The study is descriptive in nature. The researcher used random sample techniques to collect the data. The findings reveal that mobile applications differ with the quality of service rendered by Gpay and Phonepe. The researcher suggest the Phonepe application should focus on implementing the application should be user friendly interface and Gpay on motivating the users to feel the importance of request for money and modes of payments in the application.
VOICE BASED ATM FOR VISUALLY IMPAIRED USING ARDUINOIAEME Publication
The prototype of a voice-based ATM for visually impaired using Arduino is to help people who are blind. This uses RFID cards which contain users fingerprint encrypted on it and interacts with the users through voice commands. ATM operates when sensor detects the presence of one person in the cabin. After scanning the RFID card, it will ask to select the mode like –normal or blind. User can select the respective mode through voice input, if blind mode is selected the balance check or cash withdraw can be done through voice input. Normal mode procedure is same as the existing ATM.
IMPACT OF EMOTIONAL INTELLIGENCE ON HUMAN RESOURCE MANAGEMENT PRACTICES AMONG...IAEME Publication
There is increasing acceptability of emotional intelligence as a major factor in personality assessment and effective human resource management. Emotional intelligence as the ability to build capacity, empathize, co-operate, motivate and develop others cannot be divorced from both effective performance and human resource management systems. The human person is crucial in defining organizational leadership and fortunes in terms of challenges and opportunities and walking across both multinational and bilateral relationships. The growing complexity of the business world requires a great deal of self-confidence, integrity, communication, conflict and diversity management to keep the global enterprise within the paths of productivity and sustainability. Using the exploratory research design and 255 participants the result of this original study indicates strong positive correlation between emotional intelligence and effective human resource management. The paper offers suggestions on further studies between emotional intelligence and human capital development and recommends for conflict management as an integral part of effective human resource management.
VISUALISING AGING PARENTS & THEIR CLOSE CARERS LIFE JOURNEY IN AGING ECONOMYIAEME Publication
Our life journey, in general, is closely defined by the way we understand the meaning of why we coexist and deal with its challenges. As we develop the "inspiration economy", we could say that nearly all of the challenges we have faced are opportunities that help us to discover the rest of our journey. In this note paper, we explore how being faced with the opportunity of being a close carer for an aging parent with dementia brought intangible discoveries that changed our insight of the meaning of the rest of our life journey.
A STUDY ON THE IMPACT OF ORGANIZATIONAL CULTURE ON THE EFFECTIVENESS OF PERFO...IAEME Publication
The main objective of this study is to analyze the impact of aspects of Organizational Culture on the Effectiveness of the Performance Management System (PMS) in the Health Care Organization at Thanjavur. Organizational Culture and PMS play a crucial role in present-day organizations in achieving their objectives. PMS needs employees’ cooperation to achieve its intended objectives. Employees' cooperation depends upon the organization’s culture. The present study uses exploratory research to examine the relationship between the Organization's culture and the Effectiveness of the Performance Management System. The study uses a Structured Questionnaire to collect the primary data. For this study, Thirty-six non-clinical employees were selected from twelve randomly selected Health Care organizations at Thanjavur. Thirty-two fully completed questionnaires were received.
Living in 21st century in itself reminds all of us the necessity of police and its administration. As more and more we are entering into the modern society and culture, the more we require the services of the so called ‘Khaki Worthy’ men i.e., the police personnel. Whether we talk of Indian police or the other nation’s police, they all have the same recognition as they have in India. But as already mentioned, their services and requirements are different after the like 26th November, 2008 incidents, where they without saving their own lives has sacrificed themselves without any hitch and without caring about their respective family members and wards. In other words, they are like our heroes and mentors who can guide us from the darkness of fear, militancy, corruption and other dark sides of life and so on. Now the question arises, if Gandhi would have been alive today, what would have been his reaction/opinion to the police and its functioning? Would he have some thing different in his mind now what he had been in his mind before the partition or would he be going to start some Satyagraha in the form of some improvement in the functioning of the police administration? Really these questions or rather night mares can come to any one’s mind, when there is too much confusion is prevailing in our minds, when there is too much corruption in the society and when the polices working is also in the questioning because of one or the other case throughout the India. It is matter of great concern that we have to thing over our administration and our practical approach because the police personals are also like us, they are part and parcel of our society and among one of us, so why we all are pin pointing towards them.
A STUDY ON TALENT MANAGEMENT AND ITS IMPACT ON EMPLOYEE RETENTION IN SELECTED...IAEME Publication
The goal of this study was to see how talent management affected employee retention in the selected IT organizations in Chennai. The fundamental issue was the difficulty to attract, hire, and retain talented personnel who perform well and the gap between supply and demand of talent acquisition and retaining them within the firms. The study's main goals were to determine the impact of talent management on employee retention in IT companies in Chennai, investigate talent management strategies that IT companies could use to improve talent acquisition, performance management, career planning and formulate retention strategies that the IT firms could use. The respondents were given a structured close-ended questionnaire with the 5 Point Likert Scale as part of the study's quantitative research design. The target population consisted of 289 IT professionals. The questionnaires were distributed and collected by the researcher directly. The Statistical Package for Social Sciences (SPSS) was used to collect and analyse the questionnaire responses. Hypotheses that were formulated for the various areas of the study were tested using a variety of statistical tests. The key findings of the study suggested that talent management had an impact on employee retention. The studies also found that there is a clear link between the implementation of talent management and retention measures. Management should provide enough training and development for employees, clarify job responsibilities, provide adequate remuneration packages, and recognise employees for exceptional performance.
ATTRITION IN THE IT INDUSTRY DURING COVID-19 PANDEMIC: LINKING EMOTIONAL INTE...IAEME Publication
Globally, Millions of dollars were spent by the organizations for employing skilled Information Technology (IT) professionals. It is costly to replace unskilled employees with IT professionals possessing technical skills and competencies that aid in interconnecting the business processes. The organization’s employment tactics were forced to alter by globalization along with technological innovations as they consistently diminish to remain lean, outsource to concentrate on core competencies along with restructuring/reallocate personnel to gather efficiency. As other jobs, organizations or professions have become reasonably more appropriate in a shifting employment landscape, the above alterations trigger both involuntary as well as voluntary turnover. The employee view on jobs is also afflicted by the COVID-19 pandemic along with the employee-driven labour market. So, having effective strategies is necessary to tackle the withdrawal rate of employees. By associating Emotional Intelligence (EI) along with Talent Management (TM) in the IT industry, the rise in attrition rate was analyzed in this study. Only 303 respondents were collected out of 350 participants to whom questionnaires were distributed. From the employees of IT organizations located in Bangalore (India), the data were congregated. A simple random sampling methodology was employed to congregate data as of the respondents. Generating the hypothesis along with testing is eventuated. The effect of EI and TM along with regression analysis between TM and EI was analyzed. The outcomes indicated that employee and Organizational Performance (OP) were elevated by effective EI along with TM.
INFLUENCE OF TALENT MANAGEMENT PRACTICES ON ORGANIZATIONAL PERFORMANCE A STUD...IAEME Publication
By implementing talent management strategy, organizations would have the option to retain their skilled professionals while additionally working on their overall performance. It is the course of appropriately utilizing the ideal individuals, setting them up for future top positions, exploring and dealing with their performance, and holding them back from leaving the organization. It is employee performance that determines the success of every organization. The firm quickly obtains an upper hand over its rivals in the event that its employees having particular skills that cannot be duplicated by the competitors. Thus, firms are centred on creating successful talent management practices and processes to deal with the unique human resources. Firms are additionally endeavouring to keep their top/key staff since on the off chance that they leave; the whole store of information leaves the firm's hands. The study's objective was to determine the impact of talent management on organizational performance among the selected IT organizations in Chennai. The study recommends that talent management limitedly affects performance. On the off chance that this talent is appropriately management and implemented properly, organizations might benefit as much as possible from their maintained assets to support development and productivity, both monetarily and non-monetarily.
A STUDY OF VARIOUS TYPES OF LOANS OF SELECTED PUBLIC AND PRIVATE SECTOR BANKS...IAEME Publication
Banking regulations act of India, 1949 defines banking as “acceptance of deposits for the purpose of lending or investment from the public, repayment on demand or otherwise and withdrawable through cheques, drafts order or otherwise”, the major participants of the Indian financial system are commercial banks, the financial institution encompassing term lending institutions. Investments institutions, specialized financial institution and the state level development banks, non banking financial companies (NBFC) and other market intermediaries such has the stock brokers and money lenders are among the oldest of the certain variants of NBFC and the oldest market participants. The asset quality of banks is one of the most important indicators of their financial health. The Indian banking sector has been facing severe problems of increasing Non- Performing Assets (NPAs). The NPAs growth directly and indirectly affects the quality of assets and profitability of banks. It also shows the efficiency of banks credit risk management and the recovery effectiveness. NPA do not generate any income, whereas, the bank is required to make provisions for such as assets that why is a double edge weapon. This paper outlines the concept of quality of bank loans of different types like Housing, Agriculture and MSME loans in state Haryana of selected public and private sector banks. This study is highlighting problems associated with the role of commercial bank in financing Small and Medium Scale Enterprises (SME). The overall objective of the research was to assess the effect of the financing provisions existing for the setting up and operations of MSMEs in the country and to generate recommendations for more robust financing mechanisms for successful operation of the MSMEs, in turn understanding the impact of MSME loans on financial institutions due to NPA. There are many research conducted on the topic of Non- Performing Assets (NPA) Management, concerning particular bank, comparative study of public and private banks etc. In this paper the researcher is considering the aggregate data of selected public sector and private sector banks and attempts to compare the NPA of Housing, Agriculture and MSME loans in state Haryana of public and private sector banks. The tools used in the study are average and Anova test and variance. The findings reveal that NPA is common problem for both public and private sector banks and is associated with all types of loans either that is housing loans, agriculture loans and loans to SMES. NPAs of both public and private sector banks show the increasing trend. In 2010-11 GNPA of public and private sector were at same level it was 2% but after 2010-11 it increased in many fold and at present there is GNPA in some more than 15%. It shows the dark area of Indian banking sector.
EXPERIMENTAL STUDY OF MECHANICAL AND TRIBOLOGICAL RELATION OF NYLON/BaSO4 POL...IAEME Publication
An experiment conducted in this study found that BaSO4 changed Nylon 6's mechanical properties. By changing the weight ratios, BaSO4 was used to make Nylon 6. This Researcher looked into how hard Nylon-6/BaSO4 composites are and how well they wear. Experiments were done based on Taguchi design L9. Nylon-6/BaSO4 composites can be tested for their hardness number using a Rockwell hardness testing apparatus. On Nylon/BaSO4, the wear behavior was measured by a wear monitor, pinon-disc friction by varying reinforcement, sliding speed, and sliding distance, and the microstructure of the crack surfaces was observed by SEM. This study provides significant contributions to ultimate strength by increasing BaSO4 content up to 16% in the composites, and sliding speed contributes 72.45% to the wear rate
ROLE OF SOCIAL ENTREPRENEURSHIP IN RURAL DEVELOPMENT OF INDIA - PROBLEMS AND ...IAEME Publication
The majority of the population in India lives in villages. The village is the back bone of the country. Village or rural industries play an important role in the national economy, particularly in the rural development. Developing the rural economy is one of the key indicators towards a country’s success. Whether it be the need to look after the welfare of the farmers or invest in rural infrastructure, Governments have to ensure that rural development isn’t compromised. The economic development of our country largely depends on the progress of rural areas and the standard of living of rural masses. Village or rural industries play an important role in the national economy, particularly in the rural development. Rural entrepreneurship is based on stimulating local entrepreneurial talent and the subsequent growth of indigenous enterprises. It recognizes opportunity in the rural areas and accelerates a unique blend of resources either inside or outside of agriculture. Rural entrepreneurship brings an economic value to the rural sector by creating new methods of production, new markets, new products and generate employment opportunities thereby ensuring continuous rural development. Social Entrepreneurship has the direct and primary objective of serving the society along with the earning profits. So, social entrepreneurship is different from the economic entrepreneurship as its basic objective is not to earn profits but for providing innovative solutions to meet the society needs which are not taken care by majority of the entrepreneurs as they are in the business for profit making as a sole objective. So, the Social Entrepreneurs have the huge growth potential particularly in the developing countries like India where we have huge societal disparities in terms of the financial positions of the population. Still 22 percent of the Indian population is below the poverty line and also there is disparity among the rural & urban population in terms of families living under BPL. 25.7 percent of the rural population & 13.7 percent of the urban population is under BPL which clearly shows the disparity of the poor people in the rural and urban areas. The need to develop social entrepreneurship in agriculture is dictated by a large number of social problems. Such problems include low living standards, unemployment, and social tension. The reasons that led to the emergence of the practice of social entrepreneurship are the above factors. The research problem lays upon disclosing the importance of role of social entrepreneurship in rural development of India. The paper the tendencies of social entrepreneurship in India, to present successful examples of such business for providing recommendations how to improve situation in rural areas in terms of social entrepreneurship development. Indian government has made some steps towards development of social enterprises, social entrepreneurship, and social in- novation, but a lot remains to be improved.
OPTIMAL RECONFIGURATION OF POWER DISTRIBUTION RADIAL NETWORK USING HYBRID MET...IAEME Publication
Distribution system is a critical link between the electric power distributor and the consumers. Most of the distribution networks commonly used by the electric utility is the radial distribution network. However in this type of network, it has technical issues such as enormous power losses which affect the quality of the supply. Nowadays, the introduction of Distributed Generation (DG) units in the system help improve and support the voltage profile of the network as well as the performance of the system components through power loss mitigation. In this study network reconfiguration was done using two meta-heuristic algorithms Particle Swarm Optimization and Gravitational Search Algorithm (PSO-GSA) to enhance power quality and voltage profile in the system when simultaneously applied with the DG units. Backward/Forward Sweep Method was used in the load flow analysis and simulated using the MATLAB program. Five cases were considered in the Reconfiguration based on the contribution of DG units. The proposed method was tested using IEEE 33 bus system. Based on the results, there was a voltage profile improvement in the system from 0.9038 p.u. to 0.9594 p.u.. The integration of DG in the network also reduced power losses from 210.98 kW to 69.3963 kW. Simulated results are drawn to show the performance of each case.
APPLICATION OF FRUGAL APPROACH FOR PRODUCTIVITY IMPROVEMENT - A CASE STUDY OF...IAEME Publication
Manufacturing industries have witnessed an outburst in productivity. For productivity improvement manufacturing industries are taking various initiatives by using lean tools and techniques. However, in different manufacturing industries, frugal approach is applied in product design and services as a tool for improvement. Frugal approach contributed to prove less is more and seems indirectly contributing to improve productivity. Hence, there is need to understand status of frugal approach application in manufacturing industries. All manufacturing industries are trying hard and putting continuous efforts for competitive existence. For productivity improvements, manufacturing industries are coming up with different effective and efficient solutions in manufacturing processes and operations. To overcome current challenges, manufacturing industries have started using frugal approach in product design and services. For this study, methodology adopted with both primary and secondary sources of data. For primary source interview and observation technique is used and for secondary source review has done based on available literatures in website, printed magazines, manual etc. An attempt has made for understanding application of frugal approach with the study of manufacturing industry project. Manufacturing industry selected for this project study is Mahindra and Mahindra Ltd. This paper will help researcher to find the connections between the two concepts productivity improvement and frugal approach. This paper will help to understand significance of frugal approach for productivity improvement in manufacturing industry. This will also help to understand current scenario of frugal approach in manufacturing industry. In manufacturing industries various process are involved to deliver the final product. In the process of converting input in to output through manufacturing process productivity plays very critical role. Hence this study will help to evolve status of frugal approach in productivity improvement programme. The notion of frugal can be viewed as an approach towards productivity improvement in manufacturing industries.
A MULTIPLE – CHANNEL QUEUING MODELS ON FUZZY ENVIRONMENTIAEME Publication
In this paper, we investigated a queuing model of fuzzy environment-based a multiple channel queuing model (M/M/C) ( /FCFS) and study its performance under realistic conditions. It applies a nonagonal fuzzy number to analyse the relevant performance of a multiple channel queuing model (M/M/C) ( /FCFS). Based on the sub interval average ranking method for nonagonal fuzzy number, we convert fuzzy number to crisp one. Numerical results reveal that the efficiency of this method. Intuitively, the fuzzy environment adapts well to a multiple channel queuing models (M/M/C) ( /FCFS) are very well.
A team is a group of individuals, all working together for a common purpose. This Ppt derives a detail information on team building process and ats type with effective example by Tuckmans Model. it also describes about team issues and effective team work. Unclear Roles and Responsibilities of teams as well as individuals.
Sethurathnam Ravi: A Legacy in Finance and LeadershipAnjana Josie
Sethurathnam Ravi, also known as S Ravi, is a distinguished Chartered Accountant and former Chairman of the Bombay Stock Exchange (BSE). As the Founder and Managing Partner of Ravi Rajan & Co. LLP, he has made significant contributions to the fields of finance, banking, and corporate governance. His extensive career includes directorships in over 45 major organizations, including LIC, BHEL, and ONGC. With a passion for financial consulting and social issues, S Ravi continues to influence the industry and inspire future leaders.
12 steps to transform your organization into the agile org you deservePierre E. NEIS
During an organizational transformation, the shift is from the previous state to an improved one. In the realm of agility, I emphasize the significance of identifying polarities. This approach helps establish a clear understanding of your objectives. I have outlined 12 incremental actions to delineate your organizational strategy.
Originally presented at XP2024 Bolzano
While agile has entered the post-mainstream age, possibly losing its mojo along the way, the rise of remote working is dealing a more severe blow than its industrialization.
In this talk we'll have a look to the cumulative effect of the constraints of a remote working environment and of the common countermeasures.
Designing and Sustaining Large-Scale Value-Centered Agile Ecosystems (powered...Alexey Krivitsky
Is Agile dead? It depends on what you mean by 'Agile'. If you mean that the organizations are not getting the promised benefits because they were focusing too much on the team-level agile "ways of working" instead of systemic global improvements -- then we are in agreement. It is a misunderstanding of Agility that led us down a dead-end. At Org Topologies, we see bright sparks -- the signs of the 'second wave of Agile' as we call it. The emphasis is shifting towards both in-team and inter-team collaboration. Away from false dichotomies. Both: team autonomy and shared broad product ownership are required to sustain true result-oriented organizational agility. Org Topologies is a package offering a visual language plus thinking tools required to communicate org development direction and can be used to help design and then sustain org change aiming at higher organizational archetypes.
Ganpati Kumar Choudhary Indian Ethos PPT.pptx, The Dilemma of Green Energy Corporation
Green Energy Corporation, a leading renewable energy company, faces a dilemma: balancing profitability and sustainability. Pressure to scale rapidly has led to ethical concerns, as the company's commitment to sustainable practices is tested by the need to satisfy shareholders and maintain a competitive edge.
Impact of Effective Performance Appraisal Systems on Employee Motivation and ...Dr. Nazrul Islam
Healthy economic development requires properly managing the banking industry of any
country. Along with state-owned banks, private banks play a critical role in the country's economy.
Managers in all types of banks now confront the same challenge: how to get the utmost output from
their employees. Therefore, Performance appraisal appears to be inevitable since it set the
standard for comparing actual performance to established objectives and recommending practical
solutions that help the organization achieve sustainable growth. Therefore, the purpose of this
research is to determine the effect of performance appraisal on employee motivation and retention.
Org Design is a core skill to be mastered by management for any successful org change.
Org Topologies™ in its essence is a two-dimensional space with 16 distinctive boxes - atomic organizational archetypes. That space helps you to plot your current operating model by positioning individuals, departments, and teams on the map. This will give a profound understanding of the performance of your value-creating organizational ecosystem.
Comparing Stability and Sustainability in Agile SystemsRob Healy
Copy of the presentation given at XP2024 based on a research paper.
In this paper we explain wat overwork is and the physical and mental health risks associated with it.
We then explore how overwork relates to system stability and inventory.
Finally there is a call to action for Team Leads / Scrum Masters / Managers to measure and monitor excess work for individual teams.
A presentation on mastering key management concepts across projects, products, programs, and portfolios. Whether you're an aspiring manager or looking to enhance your skills, this session will provide you with the knowledge and tools to succeed in various management roles. Learn about the distinct lifecycles, methodologies, and essential skillsets needed to thrive in today's dynamic business environment.
Enriching engagement with ethical review processesstrikingabalance
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2. Correlating Internet of Things
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SAP’s Research’s Stephan Haller defined the Internet of Things as "a world where
physical objects are seamlessly integrated into the information network, and where the
physical objects can become active participants in business processes."
As broadband internet is more widely available, the cost of connecting is decreasing, more
devices are being created with Wi-Fi capabilities and sensors built into them. The cost of
technology is going down and smartphone usage is increasing at a fast rate. These factors
have created a perfect storm for the “Internet of things” Technology companies have been
trying to develop new ways to link the Internet with physical objects.
The advancement of IoT has led to a rise in cloud computing which leverages remote,
networked computing resources to process, manage, and store data, advancement in data
analytics with new algorithms and rapid increases in computing power, data storage, and
cloud services which provide new opportunities for extracting information and knowledge.
A number of companies and research organizations have offered a wide range of
projections about the potential impact of IoT on the Internet and the economy during the next
five to ten years. Cisco projects that by 2020; there could be 50 billion devices that can
connect to the internet. Morgan Stanley, however, projects 75 billion networked devices by
2020.
2. APPLICATIONS
The underlying concept behind Internet of Things (IoT) is far from new. Companies have
been using sensors and networks to provide a steady stream of information about where
devices are, how they’re being used, their condition, and the state of their environment for
more than 20 years. One of the earliest applications of such technology has been in the area of
energy optimization: sensors deployed across the electricity grid can help utilities remotely
monitor energy usage and adjust generation and distribution flows.
The growth in mobile devices and the broad availability of wireless connectivity is now
driving IoT to the forefront. Other factors include the emergence of the cloud as a way to
store and process large volumes of data cost-effectively, and the rapid deployment of
analytics technologies that enable enterprises to manage and extract useful information from
large volumes of data, quickly and cost-effectively.
Some of the simple ways in which Internet of Things can create value are:
2.1. Smart Home
Smart Home clearly stands out, ranking as highest Internet of Things application on all
measured channels. More than 60,000 people currently search for the term “Smart Home”
each month. This is not a surprise. The IoT Analytics company database for Smart Home
includes 256 companies and startups. More companies are active in smart home than any
other application in the field of IoT. The total amount of funding for Smart Home startups
currently exceeds $2.5bn. This list includes prominent startup names such as Nest or AlertMe
as well as a number of multinational corporations like Philips, Haier, or Belkin.
There are challenges companies faces that operate in this space:
• For manufacturers of consumer electronics and hardware, there is a difficulty in creating
distinctive features that could increase margins and a lack of brand loyalty in an immature
market.
• For Telecom and cable providers a connected home competes with existing high margin
products.
• For retail outlets, the challenge of building sales force capability and complexity of value
proposition that needs to be communicated to customers.
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• At home, the emphasis is on ease of use and to help people lead more comfortable lives. Smart
homes filled with connected products are loaded with possibilities to make our lives easier,
more convenient, and more comfortable. An example of this is Alexa, the voice assistant on
the Amazon Echo. One can ask Alexa to either read that days’ news or if while cooking can
read you a specific recipe. This device and the like are simple but powerful as they are
connected to th world wide web.
• BI Intelligence, the research arm of Business Insider expects the number of smart home
devices shipped will grow from 83 million in 2015 to 193 million in 2020. This includes all
smart appliances (washers, dryers, refrigerators, etc.), smart home safety and security systems
(sensors, monitors, cameras, and alarm systems).
• The most obvious benefit to smart homes is convenience, as more connected devices can
handle more operations (lighting, temperature, etc.) and frees up the resident to perform other
tasks. Beyond this, smart home devices can help reduce costs and conserve energy.
The following are some examples of IoT devices:
• As stated above the most recent is the Amazon Echo. The device functions as a central hub for
your other smart home gadgets. It has a voice activated assistant Alexa for other tasks.
• Nest, a home device manufacturer created a learning thermostat that can automatically adjust
temperature based on ones location and uses a farfield sensor to determine the time and
temperature from a distance.
• The August smart lock provides enhanced security for the home. When it comes to everyday
personal use, wearables such as Fitbits and Apple watches are the most common and popular.
• An office space or office building is also impacted by smart devices. For example, Cisco
controls the core functions of its 300 buildings worldwide, including climate, electricity use
and security, from four locations.
2.2. Wearables
Wearables remains a hot topic too. As consumers await the release of Apple’s new smart
watch in April 2015, there are plenty of other wearable innovations to be excited about: like
the Sony Smart B Trainer, the Myo gesture control, or Looksee bracelet. Of all the IoT
startups, wearables maker Jawbone is probably the one with the biggest funding to date. It
stands at more than half a billion dollars!
2.3. Smart City
• Smart city spans a wide variety of use cases, from traffic management to water distribution, to
waste management, urban security and environmental monitoring. Its popularity is fueled by
the fact that many Smart City solutions promise to alleviate real pains of people living in cities
these days. IoT solutions in the area of Smart City solve traffic congestion problems, reduce
noise and pollution and help make cities safer. In the city of Santander in Spain, the IoT is
helping motorists. The local officials and government have embedded around four hundred
sensors in the city center. These register which parking spaces are free or occupied and
transmit this information to the cloud via wireless network. It can then direct motorists to the
next available parking space.
• In Amsterdam, data was used in waste collection. The city equipped more than 2000 waste
bins with sensors. These monitor the fill level and report to the central system. Hence, the
waste disposal companies know exactly when a bin needs to be emptied. Instead of regular
intervals, they now only collect the waste on demand, cutting down on time spent emptying
half-full bins.
• In the Czech Republic, the Rodos Transport Systems Development Center has developed a
complex mobility model. This helps in advising police, fire departments and rescue services
for planning and holding major events.
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2.4. Smart Grids
Smart grids are a special one. A future smart grid promises to use information about the
behaviors of electricity suppliers and consumers in an automated fashion to improve the
efficiency, reliability, and economics of electricity. 41,000 monthly Google searches highlight
the concept’s popularity. However, the lack of tweets (Just 100 per month) shows that people
don’t have much to say about it.
2.5. Industrial Internet
The industrial internet is also one of the special Internet of Things applications. While many
market researches such as Gartner or Cisco see the industrial internet as the IoT concept with
the highest overall potential, its popularity currently doesn’t reach the masses like smart home
or wearables do. The industrial internet however has a lot going for it. The industrial internet
gets the biggest push of people on Twitter (~1,700 tweets per month) compared to other non-
consumer-oriented IoT concepts.
2.6. Connected Car
The connected car is coming up slowly. Owing to the fact that the development cycles in the
automotive industry typically take 2-4 years, we haven’t seen much buzz around the
connected car yet. But it seems we are getting there. Most large auto makers as well as some
brave startups are working on connected car solutions. And if the BMWs and Fords of this
world don’t present the next generation internet connected car soon, other well-known giants
will: Google, Microsoft, and Apple have all announced connected car platforms.
2.7. Connected Health (Digital health/Telehealth/Telemedicine)
Connected health remains the sleeping giant of the Internet of Things applications. The
concept of a connected health care system and smart medical devices bears enormous
potential (see our analysis of market segments), not just for companies also for the well-being
of people in general. Yet, Connected Health has not reached the masses yet. Prominent use
cases and large-scale startup successes are still to be seen. Might 2015 bring the
breakthrough?
2.8. Smart Retail
Proximity-based advertising as a subset of smart retail is starting to take off. But the
popularity ranking shows that it is still a niche segment. One LinkedIn post per month is
nothing compared to 430 for smart home.
2.9. Smart Supply Chain
Supply chains have been getting smarter for some years already. Solutions for tracking goods
while they are on the road, or getting suppliers to exchange inventory information have been
on the market for years. So while it is perfectly logic that the topic will get a new push with
the Internet of Things, it seems that so far its popularity remains limited.
2.10. Smart Farming
Smart farming is an often overlooked business-case for the internet of Things because it does
not really fit into the well-known categories such as health, mobility, or industrial. However,
due to the remoteness of farming operations and the large number of livestock that could be
monitored the Internet of Things could revolutionize the way farmers work. But this idea has
not yet reached large-scale attention. Nevertheless, one of the Internet of Things applications
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that should not be underestimated. Smart farming will become the important application field
in the predominantly agricultural-product exporting countries.
3. OPPORTUNITIES OF INTERNET OF THINGS
There is a lot of potential to be tapped into with regards to the Internet of things:
3.1. B2B Value
Much of the coverage on internet of things is focused on consumer application – wearables
and smart homes with automated products. However there is an opportunity to highlight and
exploit business-to-business application which account for almost 70% of the value the will
be generated from B2B IoT services over the next ten years.
3.2. Operations
Investing in IoT hardware such as sensors built in equipment and products is the first step.
Creating new business value comes from optimizing operations. In factories, sensors will
provide a flow of data to optimize workflows and make processes more efficient.
3.3. New Business Models
IoT makes certain business models possible. For example, the ability to track when and how
physical assets are actually used allows providers to price and charge for use.
The largest, most sophisticated corporations struggle to make the most of IT. Investing in
IoT is both strategic and operational for a company. It gives the ability to capture, analyze,
and act on the data that can be collected. This requires not only sophisticated technology, but
also an organization that can share data and management that is ready to make data-driven
decisions. A company will need to learn how to interpret real-time data and will need to share
their data.
3.4. Challenges Faced
With all the benefits of IoT, there are also considerable risk involved as the increase in
connected devices gives hackers and cyber criminals more entry points. Aside from the
security issues, there is the need for privacy which an average consumer is concerned about.
There are some challenges with regards to the Internet of things:
3.5. Aligning Organization
The adoption of IoT will force a company to modify traditional organizational roles as
information technology becomes widely embedded across assets, inventories, and operations.
As a result, companies will have to align their IT and operational leadership.
3.6. Security Imperative
Implementing the Internet of Things brings the issue of cyber security to the forefront. IoT
poses not only the normal risks associated with the increased use of data but also the vastly
greater risks of systemic breaches.
One of the biggest challenges for companies that hope to capitalize on the Internet of
things is protecting company and customer data. A range of IoT-based applications depend on
access to consumer data, including data collected passively from customers’ behavior. One
example of this is in the retail industry with a fully automated checkout. Customers can walk
out the door of a store without having to wait on line or even swipe a card. Owing to this,
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Mckinsey estimates that such technology could save $380 billion per year for retailers around
the world in 2025.
Other applications depend on consumers being tracked by following their smartphones to
offer discounts based on what aisle the shopper is in, for example. This involves building trust
with the consumer and the consumer in turn having significant brand loyalty.
Along with potential security design deficiencies, the sheer increase in the number and
nature of IoT devices could increase the opportunities of attack. Combined with the highly
interconnected nature of IoT devices, every poorly secured device that is connected online
potentially affects the security of the Internet globally, not just locally. Everyday lives depend
on using devices or systems that are Internet-enabled and likely to increase in a hyper
connected world. This increasing level of dependence on IoT devices and the Internet services
they interact with also increases the pathways for wrongdoers to gain access to devices.
IoT has given businesses access to large amounts of data that can be used in many ways.
Two examples of this are:
3.7. Inventory Management
In terms of the retail and manufacturing industries, inventory management is an important
way of implementing data. It can save businesses on costs in the logistics of ordering and
tracking shipments. As businesses switch to fully digital inventory management, this allows
the purchasing department to be notified when stock is running low so that shelves are never
empty of popular items.
3.8. Marketing Models
Companies now use data more in their decision making process. Consumers expect to have
their preferences targeted and begin to appreciate services which are presented to them based
on what they do and don’t like. As companies are able to access more data over a period of
time through their IoT devices, marketing will move into the information age.
4. ECONOMIC IMPLICATIONS OF IOT
According to Mckinsey, the Internet of things offers potential economic impact of $4-$11
trillion a year in 2025. In order for this type of growth to take place, one needs to overcome
the technical, organizational, and regulatory hurdles.
• Currently most IoT data is not used. The information is mainly used to detect and control
anomalies rather than for predicting demand and outcomes or for optimization which provides
greater value for companies.
• B2B applications will garner more value than consumer uses. However, consumer
applications such as fitness monitors and self-driving cars have the potential to create
significant value as well.
• IoT will have a larger impact on advanced economies. Though, the potential to grow and
expand will take place in developing economies and will have a higher overall value impact
there.
• IoT users – businesses and consumers, will capture 90% of the value that IoT applications
generate. An example in the healthcare space is in 2025, remote monitoring could create as
much as $1.1 trillion a year in value by improving the health of chronic-disease patients.
• Digitization blurs the lines between technology companies and other types of businesses;
makers of industrial machinery, for example, are creating new business models by using IoT
links and data to offer their products as a service.
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5. IOT AND BIG DATA
The value of Big Data and IoT combined gives the power and reach of information. Big data
is enabling organizations to collect and analyze data in new ways, helping to transform
businesses, industry, government services and people’s lives. Added to the capabilities of big
data is the new power in the IoT. In order for the full potential of big data and the IoT to be
realized, both technologies should be used together.
The IoT provides a tool through which the most interesting and relevant data can be
collected. However, just collecting data is not enough. Big data analytics solutions offer
insights into how this data can be interpreted, enabling makers in business and government
alike. Just like Big Data, IoT adds to the challenge for businesses of managing and making the
most of such large amounts of information. It’s important for a business to have the
appropriate technology in place, it must also have the ability to share data and make data
driven decisions. Big data combined with IoT offer the following channels through which
businesses can benefit – Customer intelligence, supply chain management, quality
management, risk management, performance management, and detection of fraud.
A company that reaps benefits from the integration of big data and IoT, businesses may be
able to increase their salary budgets as more money can be spent on wages in light of
improvements in both productivity and profitability. Big data and the IoT can also result in
increased demand for employees in data-specific roles, for example software programmers
and data analysts. This demand can be expected to continue to grow as businesses adopt more
data-driven technologies and the IoT becomes increasingly prevalent across different
industries.
6. THE ROAD AHEAD
A 2015 report made the following recommendations for the future of IoT and data:
• Technology providers should share best security practices and participate in the development
of technology test-beds to demonstrate how solutions from different organizations can work
together. Adopters of the Industrial Internet should develop multiple scenarios about
alternative futures and map out the company’s possible responses and identify processes and
organizational structure required to achieve long-term success through data analytics and
connected devices.
• Companies need to reorganize their overall business strategy to take full advantage of the
latest developments in IoT and data management and partner with other platforms or develop
their own. Operational safety and security practices vary greatly across industry domains.
There should be common security framework for the Industrial Internet to understand and
document existing best practices across industries. This will help identify gaps and
requirements for potential innovation, standards or new cyber security products. This also
ensures that a unified industry voice when communicating with governments or agencies
involving security.
• Policy makers should re-examine and update their data protection and liability policies so that
data flow is smoother. In emerging markets, governments need to increase investment in
digital infrastructure (e.g. embedded sensors, broadband connectivity) to take advantage of the
potential and accelerate regional economic development. Companies worldwide need clear
legal guidelines over data ownership, transfer and usage. Governments need to work with each
other and industries to simplify data and liability laws.
• Some industries, such as utilities and healthcare, are heavily regulated in many parts of the
world. For these industries to benefit from the Industrial Internet, policy-makers will need to
revisit and possibly relax existing regulations to provide more flexibility and incentives for
companies to invest and innovate.
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• The success of IoT and data depends heavily on the presence of robust infrastructures, such as
good broadband connectivity and sensors. Emerging markets have a unique opportunity to
overtake developed countries in terms of IoT. This can be done through targeted investment.
• Industries, governments and academia need to collaborate on long-term R&D to solve
fundamental technology challenges related to security and risk management as well as
implement new training programmes, and provide policy incentives to employers and workers
to encourage prospective employers to learn new skills specific to the IT sector for high-
demand job categories..
7. CONCLUSION
The Internet of Things is a key component of understanding customer behaviour and can
unlock potential revenue streams. Smart connections—sensors and beacons, for example will
become vital for enterprises, especially when it is time to convert that data into actionable
information. IoT has the potential to transform the way companies make products, track goods
and assets in the supply chain, provide security for employees and facilities, and provide
services to customers. It’s enabling transformation in both the private and public sectors.
As more products become smart and connected, software is emerging as the connective
tissue. The merging of the physical and digital worlds begins with sensors and sensory data.
This is becoming the currency of the Industrial Internet economy, and the foundation for new
software-enabled services.
There are ongoing improvements in sensor technologies – including miniaturization,
performance, and cost and energy consumption which are making intelligent products more
accessible. The workforce impact of digital technologies will be gradual and profound, as the
Industrial Internet transforms industries and business practices. System-wide changes s take
time and planning, business and government leaders and planners will need to act now in
preparing for the digital talent market. The Internet of Things involves a complex and
evolving set of technological, social, and policy considerations across a diverse set of
stakeholders.
Public enthusiasm for the Internet of Things has been muted to date, but enterprises can
take advantage of the gap and use it to enhance their own digital capabilities. Provided that
enterprises understand the ever-changing environment that the IoT generates, then it could be
a perfect fit.
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