The Internet of Things, the Biggest Opportunity

Research firm Gartner predicts there will be nearly 20 billion devices on the Internet of Things (Io...

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Posted by Dave Food on Dec 26, 2018 8:10:23 PM
Dave Food

Research firm Gartner predicts there will be nearly 20 billion devices on the Internet of Things (IoT) by 2020, and IoT product and service suppliers will generate $300 billion in revenue. By all means, the IoT of today offers the most significant change in our lives since the emerge of the Internet era, and perhaps it will become superior.

The IoT is a successful leveraging opportunity — handing over sensors, connectivity, Cloud storage, processing, Analytics, and Machine Learning to renovate multinational models and processes.

Some benefits when deploying the IoT tools:

- One of the great IoT benefits is the kind of visibility it brings to the global Supply Chain granting sellers and buyers to track their containers, boxes, and individual high-value articles as well, at the same time they move around the world.

- Safeguarding that items do not get spoilt throughout shipping, avoiding the forgery of products, and enhancing delivery times, are some of the multiple advantages IoT represents for any Supply Chain.

For example, when you call for an Uber, various actions take place simultaneously: the app displays you a picture of the driver, gives you the full features of the car, and add in a map so you can see where your ride is. Besides that, you can be in touch directly with the driver, in case he needs extra information to locate you.

The volume of data generated by billions of sensor and devices has its consequences. IoT data are processed in the Cloud and sent through computing devices across the Internet, most of the time located in faraway data centres. The result of this generated amount of data is a chain of severe bottlenecks causing the decelerating of network bandwidth and communication speed.

The IoT success depends upon the comprehension of your industry, including your customer, your partners, policies, evaluating the opportunities and risks, considering chances, sustainability of your processes, each one responsibility, deadlines, deliveries, attacking in the right place.

Conducting a team to a successful outcome on a complex project requires the understanding of each one of the steps to follow, and deliverables, necessary resources, and roles, and every inherent risk and dependency.

Critical phases of building a successful IoT strategy, which can be taken concurrently or approached in many different ways:

  • Develop and articulate your strategic scenarios.
  • Classify and survey current IoT computing devices and platforms.
  • Evaluate enabling technologies.
  • You must narrow and prioritise your options.
  • Understand your market, evaluating the opportunities and risks.

Summing up: How emerging technologies will impact the deployment of future IoT applications? By understanding how so many apps and connection slow down the use of the IoT and evaluating the response delay in different deployment scenarios, we will be able to realise that IoT applications are necessary to facilitate our businesses processes and cope with our modern and complex Supply Chain of today.

Dave Food

 

Prophetic Technology

 

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