Industrial Internet of Things (IIoT)

The Industrial Internet of Things (IIoT) is the latest wave of technological change will transform companies and countries opening up a new era of economic growth and competitiveness. We see a future where the intersection of people, data and intelligent machines will have far-reaching impacts on the productivity, efficiency and operations of industries around the world. It will bring unprecedented opportunities to business and society. It will combine the global reach of the Internet with a new ability to directly control the physical world, including the machines, factories and infrastructure that define the modern landscape.   However, like the Internet was in the late 1990s, the Industrial Internet of Things is currently in its early stages. Many important questions remain, including how it will impact existing industries, value chains, business models and workforces, and what actions business and government leaders need to take now to ensure long-term success. According to WEF USA Industrial Internet Report Industrial Internet of Things (IIoT) will change the basis of competition, redraw industry boundaries and create a new wave of disruptive companies, just as the current Internet has given rise to Amazon, Google and Netflix. However, the vast majority of organizations are still struggling to understand the implications of the Industrial Internet on their businesses and industries. For these organizations, the risks of moving too slowly are real. Opportunities and benefits The industry disruption will come from new value creation made possible by massive volumes of data from connected products, and the increased ability to make automated decisions and take actions in real time. The key business opportunities will be found in four major...

Key Factors for Developing Successful Enterprise Mobility Applications

The first step to develop Enterprise mobility application is to plan an effective strategy. Next step involves planning and building enterprise mobility apps. We all know that more and more businesses are trying to harness the countless possibilities that result in huge profits. Research firm Gartner estimates that 82% of mobile phones across the world will be smartphones in 2016, up by 12% from 2015 while mobile phone shipments are set to increase by to 1.96 billion this year. The global shipments will be up by 2.6% in 2016, and will cross 2 billion by 2018 , creating huge opportunities for consumer-oriented businesses. Also, consumer-facing mobile app development will continue to outpace development of Web apps and application development in general through 2016. Following are some key factors that enterprises should consider in order to build highly resilient mobile enterprise applications and ensure their enterprise-wide acceptance and roll-out. 1. Clarity of business goals and objectives Before even determining the target platforms for which you will develop the mobile app, or beginning the development itself, have a clear vision of the goals you want to achieve. To be specific, have a concrete business case in your hands that justifies your investment in the mobile enterprise application development initiative. The goals could be to : Enhance your customer’s perception of brand experience Increase the business momentum of your workforce and partners Attract new customers and generate revenue opportunities Enhance your current customers’ experience Showcase your organization as a progressive-entity or a thought leader in your niche 2. Build apps keeping end users in mind Another important factor to consider before initiating...

Internet of Things (IoT) : Future of Technology and Innovation

“IoT is not a technology initiative. It is all about business process improvement.” Internet of Things (IoT) is a network of unique physical objects that contain embedded technology to communicate, sense, analyze, and/or interact with their internal state or external environment. One of the well known Transport Company Uber uses geo-fencing technology as defensive measure. NCR based two wheeler company tracks its fleet of trucks across the length and breadth of the country using GPS technology. Another Chennai based auto manufacturer toying up with the thought of launching connected vehicle. The company also tracks pollution levels and productivity across its shop floors using connected devices. Technology companies and hospitals are talking about how doctors will be able to monitor blood pressure, sugar levels of diabetic patients real-time in the near future. That’s what the Internet of things (IoT) is all about. After surpassing the human population on the planet in 2011, internet connected devices are expected to number between 26 billion and 50 billion globally by 2020.These devices, could only be thought to be mobile phones, laptops, desktops, now include ATM machines, gas pipelines, street lights, transportation vehicles and even the soil that used for agriculture. This highly interconnected world is something that the industry calls Internet of Things. 5 things you should know about the future of Internet of Things (IoT): As per market research firm Gartner, the total revenue generated from the IoT industry would be $300 billion. It has been assumed that India would have a share of 5-6% of global IoT industry. IoT industry that the Indian government expects to cross $15 billion by 2020. The...