IoT Com­prises of Au­to­matic Col­lec­tion of Data

IoT helps com­pa­nies to uti­lize the in­sights from their ap­pli­ca­tions, in­fra­struc­ture, sys­tems and as­sets

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The In­ter­net of Things (IoT) is the driv­ing force for the fu­ture-ready en­ter­prises and is not merely a step along the path to dig­i­tal trans­for­ma­tion. It is be­lieved that by 2025, the IoT’s eco­nomic im­pact would reach to 11% global eco­nomic value. How­ever, while IoT seems to be just one tech­nol­ogy, it in­cor­po­rates other ma­jor tech­nolo­gies, such as, cloud com­put­ing, data an­a­lyt­ics, mo­bile, sen­sors, and ma­chine-to-ma­chine com­mu­ni­ca­tions.

IoT land­scape is chang­ing at the blink of an eye. It is eas­ily one of the fastest grow­ing seg­ments in the tech­nol­ogy in­dus­try to­day. The real value of IoT doesn’t come from all the con­nec­tions it cre­ates but from the data it gen­er­ates. With real-time data an­a­lyt­ics, IoT be­comes a live com­mu­ni­ca­tions net­work for fos­ter­ing in­sights and im­prove­ments. Gart­ner fore­casts that 8.4 Bn con­nected things will be in use, world­wide, in 2017.

SOME RE­CENT TRENDS IN IOT

IoT is not a sin­gle tech­nol­ogy, it in­cor­po­rates many con­sid­er­a­tions like things, de­vices, sen­sors and ac­tu­a­tors, IoT plat­form, cloud, big data an­a­lyt­ics, and

in­sights. The need for real-time re­sponse to vari­a­tions de­tected by sen­sors has ne­ces­si­tated an­a­lyt­ics on the Edge de­vices; thereby trans­fer­ring a ma­jor chunk of de­ci­sion mak­ing ca­pa­bil­ity to the gate­ways or the ‘things’ them­selves.

Ac­cord­ing to Ma­hesh Prabhu, Vice Pres­i­dent - Global Head of In­no­va­tion & IOT, ITC In­fotech, the pro­lif­er­a­tion of smart phones and avail­abil­ity of low cost mo­bile data plans have brought to the fore ‘Smart Phone Cen­tric’ ar­chi­tec­tural ap­proach to IoT. In many cases, the smart phone acts as the thing, the gate­way and the edge server, and uses Cloud for data syn­chro­niza­tion and heavy duty pro­cess­ing on a non-real time mode. This ap­proach is seen more in Con­sumer IoT sce­nar­ios, Tracking, Geo- po­si­tion­ing, Nav­i­ga­tion and other such re­quire­ments.

Lately, there has been an ex­tra­or­di­nary em­pha­sis on an­a­lyt­ics in IoT. To­day, a closed loop IoT so­lu­tion com­prises of au­to­matic col­lec­tion of data, ba­sic anal­y­sis on the edge de­vices, stream­ing an­a­lyt­ics as the data streams are sent to the cloud, self-learn­ing sys­tems for the stored data and cor­re­spond­ing au­to­mated ac­tions trig­gered by any of th­ese.

There are top three trends in IoT ac­cord­ing to Anand Bhan­dari, IoT Prac­tice Head, ThoughtWorks which are as fol­lows:

Plat­forms Solv­ing Busi­ness Spe­cific Prob­lems:

Most or­ga­ni­za­tions have been in­vest­ing ex­ten­sive time and money into build­ing large and generic plat­forms. But busi­nesses are re­al­iz­ing that un­less th­ese plat­forms are solv­ing busi­ness spe­cific prob­lems, adop­tion of the for­mer will prob­a­bly never hap­pen.

Se­cu­rity: Un­til now, ‘sen­sors for se­cu­rity’ (or sen­sors for home/of­fice se­cu­rity) that were used to se­cure phys­i­cal premises were a reg­u­lar fea­ture. With the ex­pan­sion of IoT, ‘se­cu­rity of sen­sor data’ is the task. This is where se­cure data com­mu­ni­ca­tion cover the ‘sen­sors to cloud’ loop and avoid mis­han­dling of sen­sor data. Pri­vacy and data se­cu­rity are ma­jor ar­eas in which IoT play­ers are mas­sively in­vest­ing.

IoT and Hard­ware’s strate­gic part­ner­ship:

While tra­di­tional IoT or­ga­ni­za­tions have been largely fo­cused on de­vel­op­ing soft­ware plat­forms, they have re­al­ized their sig­nif­i­cant de­pen­dence on high qual­ity, rugged and re­li­able hard­ware, for the field. De­vel­op­ing such hard­ware and set­ting up teams for the same is a mam­moth task which is why IoT com­pa­nies are heav­ily in­vest­ing in hard­ware star­tups. Some com­pa­nies are also de­vel­op­ing strate­gic part­ner­ships with the sen­sor and con­nec­tiv­ity de­vices man­u­fac­tur­ers.

Nishikant Nigam, EVP & Chief Delivery Of­fi­cer - CSS Corp said that de­spite the in­creased adop­tion in IoT, en­ter­prises face sig­nif­i­cant chal­lenges in man­ag­ing, se­cur­ing and op­ti­miz­ing their IoT ini­tia­tives and in­vest­ments. The key to un­lock the value of IoT is to re­move si­los and in­te­grate with en­ter­prise eco-sys­tems for bet­ter busi­ness out­comes.

IM­POR­TANCE OF IOT IN BUSI­NESSES

IoT is im­por­tant for every or­ga­ni­za­tion as it is the back­bone of IT in­dus­try. IoT so­lu­tion in­cludes a wide set of com­po­nents start­ing from de­vices, sen­sors and ac­tu­a­tors to gate­ways to IoT plat­forms those col­lects and pushes data to cloud based stor­age which uses the ca­pa­bil­i­ties of an­a­lyt­ics to process them for in­tel­li­gent de­ci­sion mak­ing. Prabhu says that this opens up op­por­tu­ni­ties in the hard­ware side for the de­vice man­u­fac­turer, com­po­nent de­sign­ers, net­work providers, cloud plat­form providers, data sci­en­tists and sys­tem in­te­gra­tors. IoT brings un­lim­ited pos­si­bil­i­ties for busi­nesses across in­dus­try sec­tors.

Ac­cord­ing to Nigam, “IoT is a key fo­cus area for CSS Corp. We have started mak­ing sig­nif­i­cant progress in cus­tomer ac­qui­si­tion and in­vest­ments in part­ner­ships and so­lu­tions. Re­cently, the com­pany part­nered with GE Dig­i­tal ( Predix Plat­form) to de­liver cut­ting edge In­dus­trial IoT ( IIoT) so­lu­tions. We are work­ing with com­pa­nies in man­u­fac­tur­ing in­dus­tries and we of­fer con­di­tion based mon­i­tor­ing so­lu­tion. The so­lu­tion con­stantly mon­i­tors equip­ments and de­vices at pre-

de­fined pa­ram­e­ters and proac­tively iden­ti­fies the need for equip­ment up­grade or re­place­ment.”

CSS Corp’s In­dus­trial IoT ser­vices have given busi­nesses the abil­ity to trans­form their op­er­a­tions and at the same time drive more rev­enue by an­a­lyz­ing their real-time cus­tomer in­ter­ac­tions and sys­tems data. The so­lu­tions that the com­pany of­fers un­der­stand the busi­ness value that data gen­er­ates, and with pre­dic­tive ca­pa­bil­i­ties it iden­ti­fies rev­enue op­por­tu­ni­ties and en­hances cus­tomer ex­pe­ri­ence. “We help com­pa­nies iden­tify early sig­nals of sys­tem down­time through net­work data and pre­dict fu­ture be­hav­ior re­sult­ing in in­creased oper­a­tional ef­fi­ciency” he added.

Another com­pany ThoughtWorks em­pow­ers a strong com­bi­na­tion of SMEs and IoT ex­perts that do not stop at help­ing cus­tomers ac­quire re­li­able data from the field and trans­fer it to the cloud. ThoughtWorks’ teams of data sci­en­tists and an­a­lysts, also help cus­tomers develop sta­tis­ti­cal and an­a­lyt­i­cal mod­els that con­trib­ute to­wards strate­gic de­ci­sions for long term growth, such as en­abling ef­fec­tive prod­uct de­vel­op­ments, sav­ing costs and in­creas­ing sales.

HOW IOT GROWS THE OR­GA­NI­ZA­TION

IoT can help com­pa­nies across in­dus­tries to uti­lize the in­sights from their ap­pli­ca­tions, in­fra­struc­ture, sys­tems and as­sets. It helps or­ga­ni­za­tions col­lect re­li­able data from the field, with­out man­ual in­ter­ven­tions. This col­lec­tion of data lends it­self to crit­i­cal and mean­ing­ful con­ver­sa­tions for the client, who can in­crease their busi­ness in the right di­rec­tion. IoT of­fers new ser­vices that can ac­cel­er­ate busi­ness op­er­a­tions and cus­tomer en­gage­ments to de­liver ad­di­tional rev­enue streams.

Ac­cord­ing to Prabhu, with the help of IoT, things are able to com­mu­ni­cate with each other, mon­i­tor them­selves and the sur­round­ings, an­a­lyze vari­ances and in­struct other ‘ things’ to take ap­pro­pri­ate ac­tions with­out the need for hu­man in­ter­ven­tion. Self- aware and self-cor­rect­ing sys­tems en­sure that the bur­den on hu­man be­ings is re­duced sig­nif­i­cantly. Hu­man band­width is avail­able for more strate­gic and in­no­va­tive ac­tiv­i­ties, the key for any or­ga­ni­za­tion to grow.

Nigam, CSS Corp. said that “IoT tech­nol­ogy has had a ma­jor im­pact in en­ter­prises on im­proved equip­ment up­time and avail­abil­ity, re­mote di­ag­nos­tics, re­duced oper­a­tional costs and new chan­nels of rev­enue spurred by Prod­uct-as-a-Ser­vice mod­els. A whole range of ben­e­fits can be re­al­ized by lev­er­ag­ing IoT so­lu­tions to develop new busi­ness mod­els and ser­vices.” CSS Corp’s IIoT so­lu­tions are de­signed to make IoT adop­tion as ‘fric­tion­less’ as pos­si­ble, and strate­gi­cally guide com­pa­nies on a seam­less dig­i­tal trans­for­ma­tion jour­ney.

In­dia is a leader in tele­com and IT ser­vices and the cost of con­nec­tiv­ity is sig­nif­i­cantly lower here com­pared to other coun­tries. De­vice cost is how­ever on the higher side. But I ex­pect that to change as we start man­u­fac­tur­ing them in In­dia un­der the am­bit of the Make in In­dia pro­gram. This will lead a par­a­digm shift by giv­ing im­pe­tus to IoT adop­tion and bring more en­ter­prises and SMEs on board the IoT band­wagon. Rishi Mo­han Bhat­na­gar, Pres­i­dent, Aeris Com­mu­ni­ca­tions and Chair­man, IET-IOT Panel In­dia

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