IoT Technology Worth Your Investment

IoT Technology Worth Your Investment

By Marc, writer at IoT Business News

Just a while ago, the Internet of Things was only a blossoming idea that many investors did not take notice of and now the industry is expected to be worth trillions by 2020.

The modern consumer has become so accustomed to receiving connectivity in most of their communication devices that the progression to other ‘things’ only seemed natural. From the programmable thermostat with Wi-Fi connectivity to tech polo shirts, the IoT is definitely revolutionising the consumer market.

All this growth also means lucrative opportunities for investors. When trading with an online broker such as CMC markets, it helps an investor to know the companies to watch out for in the IoT sector.

Which IoT technology is worth your money?

Home Automation

Smart homes are not the far-fetched concept they were five years ago. The market is presently filled with IoT devices that make it easy to tackle common home chores. Homeowners can now connect every switch in their houses to a single hub, giving greater control. Now you can track your HVAC system from a mobile device with the advent of smart thermostats. Refrigerators have touch screen interfaces where people can top up their groceries. A product like Amazon Echo, with its voice-activated command, has become very popular in homes. Smart bulbs are other products that have made quite an impact in smart buildings. These systems come with a range of colours that suit different settings and dimming capabilities that help with energy efficiency. The need for more intelligent appliances and home systems continues to drive things, particularly in the IoT sector. As consumers come to comprehend the benefits of home automation, demand increases. Couple that with the fact that prices keep going down and you have a thriving industry worth investing in.

Wearables

Wearable technology has the greatest potential when considering investment options. The idea of wearables is not a new one with devices like the wristwatch calculator going back decades. However, tech companies and investors have come with entirely novel ways for people to have technology on their bodies. The iWatch from Apple is notably the most popular wearable tech, though other companies like Samsung and Google have produced similar products. Fitness tracking devices have also been very monumental in the dramatic growth of wearable IoT. Individuals can now exercise as they monitor their vitals on smartphone apps. The healthcare sector has benefited a great deal from wearable technologies as tech enterprises produce products like heart and blood sugar monitors that operate online. The future of wearable technology looks bright, and this is one industry where an investor can make decent profits.

Infrastructure Providers

The internet of things needs infrastructure to be operational, and the companies that provide them are ones that an investor should watch keenly. For example, tech t-shirts need processing chips to be able to receive and send data. The companies that offer the processing chips for IoT manufacturers have capitalised in a big way. Examples of such corporations include Qualcomm, Cisco Systems and Intel. Investors can learn about other components that are necessary for the IoT products such as sensors and Wi-Fi networks.

IoT Security

The increased use of online platforms in everyday life has left the modern day consumer exposed to many threats. Companies that manufacture and sell IoT products also have to consider the safety of their systems. With the use of ransomware to extort big corporations, theft of sensitive data and even identity theft, someone has to be responsible for security. A lot of companies provide security systems and products for IoT users and producers, and that is another sector where an investor can try making money.

Data Gathering

The internet of things has given rise to big data companies, which collect all the information generated from these devices and systems. As internet users increase in various sectors, big data becomes more prominent. A company like IBM took advantage of the burgeoning demand for IoT and invested in the cloud business. All the data from IoT users and enterprises requires storage, and the cloud is the most secure option. Other entities have followed suit, and you can find out which ones have suitable investment opportunities. Some players in the IoT market are behemoths that foresaw the dominance of the industry while others are startups that are cashing in on emerging prospects. IoT is expected to keep an upward trajectory, from which an investor can make money.

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Wipro Joins LoRa Alliance to Accelerate IoT Deployments

Wipro Joins LoRa Alliance to Accelerate IoT Deployments

Wipro Limited today announced that it has become a member of the LoRa Alliance™, one of the fastest growing Internet of Things (IoT) alliances with over 400 members.

This membership will help Wipro accelerate its Internet of Things (IoT) solution deployments, using Low Power Wide Area Networks (LPWAN) technology for customers across industry sectors such as energy, utilities, natural resources, smart cities, ports, and logistics.

The LoRa Alliance™ is an open, non-profit association, with a mission to standardize the deployment of LPWAN technology across the world to enable IoT, machine-to-machine (M2M), smart city, and industrial applications. It was formed in 2015 by technology industry leaders, including Cisco, Semtech, IBM, and telecommunications majors.

The LoRa Alliance™ defines and drives the Long Range Wide Area Network (LoRaWAN) technology. LoRaWAN™ is an LPWAN specification intended for wireless battery operated devices in a regional, national or global network. It provides seamless interoperability among smart devices without the need for complex local network installations, and empowers users, developers, and businesses, enabling the seamless rollout of IoT solutions.

Anita Ganti, Senior Vice-President and Global Head, Product Engineering Services, Wipro Limited said:
“We are delighted to join the LoRa Alliance™. This alliance will help Wipro to deploy IoT solutions using LoRaWAN™ technology. LoRaWAN™ and LPWAN play a critical role by creating both public and private networks, which are essential for successful IoT deployments. The ease of installation of the LoRaWAN™ network, in licensed exempt spectrum, will help us in solving connected engineering challenges to ensure uninterrupted connectivity for our customers across the globe.”

Jayraj Nair, Vice-President and Global Head IoT, Wipro Limited said:

“We support the mission to standardize Low Power Wide Area Networks (LPWAN) being deployed around the world to enable Internet of Things (IoT), machine-to-machine (M2M), smart city, and industrial applications. We are excited about LoRaWAN™ optimized power management, which will enable broad deployment of IoT solutions with smaller payloads.”

“Wipro’s proven system integration capabilities can enable adoption of LoRaWAN technology for IoT. Wipro has already demonstrated its leadership in the adoption of LoRaWAN™ technology by enabling smart ports and mines in India,” said Geoff Mulligan, Chairman, LoRa Alliance™. “Joining the LoRa Alliance™ will help Wipro to generate value for IoT market participants by being part of our large ecosystem, enable them to get closer to their customers and introduce new connectivity-enabled services.”

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IoT Forum is one of the top IoT blogs worldwide

Blowing own trumpet here – but really chuffed to see that our IoT Forum blog is listed here as one of the top 50 best IoT blogs and websites!

50+ of the Best Internet of Things (IoT) Blogs and Websites

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Frictionless payment in the Internet of Things era: Visa and IBM

It took Visa 50 years to reach three billion plastic credit cards globally. A great business model for the 1960s but one that is impossible to scale in 2017. So Visa announced a partnership with IBM in Munich on February 16, 2017 to enable any device to carry payment credentials and perform financial transactions.

Your car pays for you, the gas pump takes your coffee order

Take your car. It will work like this: before you arrive at a gas station, your car wirelessly reaches out to a pump to get pre-authorization for the amount of gas you need to fill up. It also signals to the pump which grade of gas you want. All you have to do is drive up and pump the gas. Imagine that while you’re filling your tank the pump asks you if you want a coffee with one cream and two sugars. You do and you say so. When you’re finished filling up, you walk into the store and your paid for coffee is waiting for you. You grab it and go.

Transact anywhere, any time

The Internet of Things (IoT) will allow all sorts of devices to be connected to the internet and the IBM/Visa announcement will allow for these devices to be payment enabled. It means that the point of sale can be anywhere.

With a plastic credit card, to have a transaction you need a terminal and a wired phone line. With mobile connectivity and connected devices, you’ll be able to transact anything, anywhere, anytime. The partnership will work on embedding payment processing in both hardware and software.

It’s frustrating to find a parking space in a big city. Imagine that in a few years, it’s your car, not you, that is working to find a parking spot. When one is open close to where you’re going, the car reserves it and pays for it, so you just park and get out of your car. It’s fast and simple.

Experts estimate that there will be 380 million connected cars by 2021 and a staggering 20 to 50 billion devices (depending on which analyst’s numbers you believe).

Enabling new business models

This will also allow for new business models. Imagine you need to buy a washing machine. But instead of paying $ 1,000 for it you agree to buy it on a per use basis: paying $ 2.50 a load of laundry and guaranteeing at least 100 uses per year. And if you use it more you will just pay on a per use basis.

Jim McCarthy, Visa’s Global Head of Innovation and Strategic Partnerships, was wearing a payment ring that Visa uses to transact. Already many payment enabled devices use biometric data for authentication and security. For instance, with Apple Pay you need your fingerprint to log into your smartphone to authenticate. Other devices currently look for the pattern of your heartbeat to authenticate you.

McCarthy cited the example of Amazon Go, a trial store in Seattle for Amazon employees. When you walk into the store, your smartphone handshakes with the store. Using a series of technologies – computer vision, artificial intelligence and others – the store tracks what you take and you walk out of the store. The payment just happens. This technologies have existed since 2010 but it is just now being put together to allow this seamless, integrated customer experience. This is the early stage of where retail is going.

Take a look at the video below to see Jim McCarthy’s discussion in full:

Jim Harris writes, consults and speaks on disruptive innovation. His last book, Blindsided, is a #1 international bestseller published in 80 countries worldwide. He speaks at 40 conferences a year around the world on disruptive innovation and works with executive teams. You can follow him on Twitter or email him.

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