IoT is heading for mass adoption by 2019 says Aruba

IoT is heading for mass adoption by 2019 says Aruba

Aruba, a Hewlett Packard Enterprise company, has published the results of a survey looking at adoption levels, security concerns and business use cases for the Internet of Things across EMEA. Among its findings is that mass adoption of IoT is expected by 2019, with better than expected business results a key driver. The study was conducted with Kevin Ashton, creator of the term Internet of Things.

IoT is consistently over-delivering

The research revealed that IoT deployments delivered benefits that vastly exceeded expectations in the two key performance areas of business efficiency and profitability.

It found that while 16 percent of business leaders projected a large profit gain from their IoT investment, after IoT had been adopted 32 percent of executives said they saw profit increases.

And, while 29 percent of executives expected their IoT strategies to result in business efficiency improvements, after deployment 46 percent said that they experienced efficiency gains.

Internet of Business spoke to Morten Illum, EMEA Vice President at Aruba, a Hewlett Packard Enterprise company about this anomaly. He told us this “shows that the hype is not misplaced when IoT is used in the correct manner. The only way that IoT can fall short of expectations is if we don’t sufficiently use the data that the sensors are gathering from their surroundings. The onus is on us to make use of the data created to realize our own high hopes.”

It’s an obstacle race

Despite the gains to be made from implementing IoT, the research revealed that there are still many obstacles that stop it being implemented. Cost of implementation was reported as one of these by 50 percent, maintenance by 44 percent and integration of legacy technology by 43 percent.

Data, which is the central plank of the IoT, also presents issues for many organisations. While 98 percent of organizations that have adopted IoT claim that they can analyse data, 97 percent feel there are challenges to creating value from this data.

Security is also a significant issue, with 84 percent reporting that they had experienced an IoT related security breach. Not surprisingly with that figure in mind, more than half said that external attacks are a key barrier to moving forward with an IoT strategy.

Reacting to this, Morten Illum told Internet of Business, “It’s clear that companies need more information about the devices connecting to their network. Network managers require the ability to create policies/permissions around each of them, so that if a device is compromised by malware or human error, it can be identified and removed from the wider network.”

Read more: 5G will drive IoT adoption, Ericsson claims

The situation in 2019

Despite these challenges the report concludes that 85 percent of businesses plan to implement IoT by 2019, driven by a need for innovation and business efficiency.

77 percent of businesses believe it will allow them to transform offices into smart workplaces. 59 percent say IoT will allow them to increase employee productivity, 40 percent expect it to help with growing the business, and 20 percent see it as improving worker’s ability to collaborate.

The challenge, Chris Kozup, vice president of marketing at Aruba, points out, is working out the right strategy for IoT. Commenting on the report he said, “With many executives unsure of how to apply IoT to their business, those who succeed in implementing IoT are well positioned to gain a competitive advantage.”

Read more: Connected tech adoption in manufacturing set to double

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Internet of Business

Audi says they’ll hit Level 3 autonomy on the A8 by 2019

audi-a8-self-driving

Audi has unveiled the late 2017 update to the A8, the company’s largest saloon car, which will be the first car sold with a Level 3 autonomous system onboard.

In a press release, Audi claims that other vendors are selling Level 2 cars, which force drivers to remain focused on the road. The A8 differs in that respect, once drivers activate the self-driving system, they are allowed to take their eyes off the road.

See also: Audi and NVIDIA commit to driverlessness by 2020

The system will only work on highways when there is traffic, as Audi decides when the driver is allowed to press the button and the max speed is 60 kph (37 mph).

To get the driver back in control, Audi deploys a variety of noises, lights, and vibrations. Visual and audio cues are the first warning, followed by tightening the seatbelt and hitting the brakes. If that fails to draw the attention of the driver, the system will turn on flashers and stop.

A stepping stone to level 5

Audi wants the A8 to be a stepping stone towards full autonomy, which is still a long way off. Even with the compromises on speed, however, the A8 will not be allowed to drive on any roads in Germany, China or the United Kingdom at the present time.

Most countries are still against anything that allows the driver to take their attention off the road. Audi would need to receive approval for the car before selling it with the autonomous system, and even then it might be forced to add additional safety protocols.

The carmaker expects the system to be available in Germany by 2019 and has not given an estimate for other countries. By that time, some suspect, we will have driverless taxis and shuttles on the road, which might make the compromise system look a bit outdated.

The post Audi says they’ll hit Level 3 autonomy on the A8 by 2019 appeared first on ReadWrite.

ReadWrite

TRIRIGA tackles 2019 lease accounting change implications

Are you getting ready to address the implications of the new lease accounting changes with TRIRIGA? Although FASB’s ASC 842 and IASB’s IFRS 16 will take effect in 2019, many organizations are only now beginning to realize the amount of effort required to meet the new standards.

According to a recent article in the National Real Estate Investor, organizations may face significant ‘heavy lifting’ in order to prepare for the new standards. Sean Torr, Deloitte Advisory managing director at Deloitte & Touche LLP sums up the challenge:

‘Lease accounting changes will have the biggest impact on companies that have a large volume of leases and/or very complex leases. Many public companies that do have a bigger load of lease obligations have started the process and are realizing that there is a significant amount of “heavy lifting” that needs to occur over the next 12 to 18 months.’

What are the biggest challenge areas?

The biggest changes to businesses will be the new Right of Use (ROU) Assets and Lease liabilities that will hit balance sheets, as well as the intensely manual approaches and effort that many see before them. How many organizations are leveraging Integrated Workplace Management Systems (IWMS) to manage their real-estate holdings and automate these manual efforts?

New release of TRIRIGA helps reduce the effort required to meet new standards

In order to help organizations comply with the new standards, and understand the implications of these changes, IBM TRIRIGA continues to deliver a single integrated workplace management system with new enhancements planned in the next release. TRIRIGA supports the complete lifecycle of facilities management and will automate compliance activities to address changes that affect multiple teams and roles.

Here’s how TRIRIGA can help:

CFO and CAO:

  • The planned release of IBM TRIRIGA 10.5.3 will provide a sub-ledger system for real estate and asset lease accounting that is able to generate journal entries out-of-the-box for ASC 840 and ASC 842 under US-GAAP as well as for IAS 17 and IFRS 16. It also covers period closings and report generation for the most common reports required under the new standards.

Real Estate and Fixed Asset Managers:

  • The planned release of IBM TRIRIGA 10.5.3 separates the duties of a lease administrator and a lease accountant, allowing the lease administrator to enter contractual information, and then enabling the lease accountant to run classification tests, reassess lease decisions, and report on the ROU Asset and Lease Liability.

Facility Management, and Occupants:

  • There are also new capabilities to improve day to day and occupancy experience. They can leverage a new Workplace Services offering that engages every-day employees through new mobile web apps that provide access to services managed by IBM TRIRIGA, anywhere, and on any device. This includes: a new Service Request app to submit work requests, a new Reservation app to quickly create reservations for individual workspaces or multi-attendee meeting rooms, and a new location-aware Workplace Services Portal to provide a single, unified access point for launching the apps and tracking status of requests.

Learn more

  • To learn more about how IBM TRIRIGA can help you address the upcoming changes to lease accounting rules, check out this buyer’s guide.
  • Explore the power of an IWMS solution for managing your real estate portfolio across the lifecycle.

The post TRIRIGA tackles 2019 lease accounting change implications appeared first on Internet of Things blog.

Internet of Things blog

Self-driving car trials to hit UK roads in 2019

London, UK - December 30, 2015: Christmas lights decoration at Regent street and lots of people walking during the Christmas sale and public transport, buses and taxies

A British self-driving car project aims to have a fleet of driverless vehicles on the road in two years, after receiving a $ 13 million grant from the UK government.

The project is led by Oxbotica, an Oxford University robotics spin-out. Tests will take place alongside the startup’s driverless pod trial in London and at RACE, a robotics center in Oxford, run by the university.

See Also: Does Baidu want to be the Android of self-driving?

Initially, Oxbotica plans to test 10 vehicles and build a communication platform for the fleet. One car will be able to alert others to accidents on the road in near real-time, removing the need for constant Internet updates.

“We’re moving from the singleton autonomous vehicle to fleets of autonomous vehicles – and what’s interesting is what data the vehicles share with one another, when, and why,” said Prof. Paul Newman, of Oxford University, to Trusted Reviews.

New ride-hailing app?

Oxbotica also plans to develop a ride-hailing app for the autonomous fleet, but did not say when it intends to launch the app. Uber has already started testing self-driving pickups in Arizona and Pennsylvania.

The grant is part of a $ 20 million investment into autonomous projects by the British government. Nissan, a major auto manufacturer in the U.K., received funds for its own self-driving project in London.

The Queen’s Speech last year called for the legalization of autonomous vehicles and several manufacturers and startups have come forward to trial self-driving cars across the country. Volvo and Jaguar Range Rover are the two major manufacturers that have ongoing programs in the country.

The post Self-driving car trials to hit UK roads in 2019 appeared first on ReadWrite.

ReadWrite

IoT Heading for Mass Adoption by 2019 Driven by Better-Than-Expected Business Results

IoT Heading for Mass Adoption by 2019 Driven by Better-Than-Expected Business Results

International study reveals IoT adopters are seeing strong gains in innovation and business efficiency, yet security remains a key concern with 84% reporting an IoT-related security breach.

A new global study ‘The Internet of Things: Today and Tomorrow’ published by Aruba, a Hewlett Packard Enterprise company, reveals that IoT will soon be widespread as 85% of businesses plan to implement IoT by 2019, driven by a need for innovation and business efficiency.

While the analysis confirms the clear business benefits from investments in IoT, Aruba’s report cautions that connecting thousands of things to existing business networks has already resulted in security breaches for the majority of organizations.

The research questioned 3,100 IT and business decision makers across 20 countries to evaluate the current state of IoT and its impact across different industries. The study shows that while virtually all business leaders (98%) have an understanding of IoT, many are unclear of the exact definition of IoT and what it means for their business.

In his new eBook ‘Making Sense of IoT’, commissioned by Aruba, technology visionary Kevin Ashton—who coined the term ‘Internet of Things’— presents the following definition:

“The ‘Internet of Things’ means sensors connected to the Internet and behaving in an Internet-like way by making open, ad hoc connections, sharing data freely and allowing unexpected applications, so computers can understand the world around them and become humanity’s nervous system.”

The Expectations Dividend

When examining the business benefits of IoT, Ashton discovered that the real-world benefits gained from IoT exceeded even the original expectations. This ‘expectations dividend’ is evident in two key performance areas: business efficiency and profitability.

As an example, only 16% of business leaders projected a large profit gain from their IoT investment, yet post-adoption, 32% of executives realized profit increases. Similarly, only 29% of executives expected their IoT strategies to result in business efficiency improvements, whereas actual results show that 46% experienced efficiency gains.

Chris Kozup, vice president of marketing at Aruba, comments:

“With the business benefits of IoT surpassing expectations, it’s no surprise that the business world will move towards mass adoption by 2019. But with many executives unsure of how to apply IoT to their business, those who succeed in implementing IoT are well positioned to gain a competitive advantage.”


How Global Organizations are Using IoT

Aruba’s research reveals varying levels of IoT maturity across different industry sectors. The following five vertical industries are leaders in their adoption of IoT and have realized tangible business benefits from a focused, use case approach to adoption.

Enterprises create a smart workplace for productivity and efficiency:

  • Over seven in ten (72%) enterprises have introduced IoT devices into the workplace. Indoor location-based services ranks as the second most promising use case to improve employee productivity, after remote monitoring. Twenty percent report remote operation of building lighting and temperature as a key use case, but that number more than doubles to 53% when asked about future IoT implementations.
  • Looking at the tangible results being realized today, 78% say the introduction of IoT in the workplace has improved the effectiveness of their IT team, and 75% find it has increased profitability.

The industrial sector increases business efficiency and visibility through IoT-enabled monitoring and maintenance:

  • More than six in ten (62%) respondents in the industrial sector have already implemented IoT. Using IoT to monitor and maintain essential industrial functions was identified as the most impactful use case in the sector. Today, the use of IP-based surveillance cameras for physical security within industrial organizations is still in its infancy, with only 6% having implemented it. However, when asked about future implementations, surveillance jumped five-fold to 32%.
  • Across the sector, 83% report increased business efficiency and another 80% have found improved visibility across the organization.

Healthcare introduces IoT to improve patient monitoring, reduce cost and foster innovation:

  • Coming in as the third most advanced in its implementation of IoT, 60% of healthcare organizations globally have introduced IoT devices into their facilities.
  • Across the sector, 42% of executives rank monitoring and maintenance as the number one use of IoT—higher than all other sectors. This underscores the importance of IoT-enabled patient monitoring in the modern healthcare industry.
  • Eight in ten report an increase in innovation and another 73% report cost savings.

Retailers engage with customers and boost sales using indoor location technology:

  • Just 49% of retailers are using IoT technology, but 81% of these report improved customer experiences. An improved customer experience is likely to have a significant impact on customer loyalty and ultimately, revenue.
  • In-store location services delivering personalized offers and product information to shoppers was touted as the number one implementation for IoT, alongside monitoring and maintenance. Four in ten retailers ranked surveillance in their top three key use cases.

Governments lag in IoT adoption, struggle with legacy technology but still reduce costs:

  • The slowest sector to adopt IoT, only 42% of municipalities have deployed IoT devices and sensors. A third (35%) of IT decision makers claim their executives have little to no understanding of IoT, double the global average, suggesting that lack of education is the biggest barrier to mass adoption in this sector.
  • While nearly half (49%) of government IT departments are struggling with legacy technology, seven in ten IoT adopters in the public sector report cost savings and improved organizational visibility as the major benefits.

The Data Context and Security Challenge

Alongside these positive returns, the study also uncovers a number of obstacles that IT leaders feel are preventing IoT from delivering greater business impact. In particular, the cost of implementation (50%), maintenance (44%) and integration of legacy technology (43%) were highlighted as key issues.

Most notably, security flaws were found across many IoT deployments. The study found that 84% of organizations have experienced an IoT-related security breach. More than half of respondents declared that external attacks are a key barrier to embracing and adopting an IoT strategy. This confirms that a holistic IoT security strategy, built on strong network access control and policy management, will not only protect enterprises but also simplify the security approach for IT.

The ability to capture and effectively use data is described by Kevin Ashton as “what defines the Internet of Things”, but this appears to be another clear challenge for global organizations. While nearly all (98%) of organizations that have adopted IoT claim that they can analyze data, almost all respondents (97%) feel there are challenges to creating value from this data. Well over a third (39%) of businesses are not extracting or analyzing data within corporate networks, and are thereby missing out on insights that could improve business decisions.

Kozup comments:
“While IoT grows in deployment, scale and complexity, proper security methodologies to protect the network and devices, and more importantly, the data and insights they extract, must also keep pace. If businesses do not take immediate steps to gain visibility and profile the IoT activities within their offices, they run the risk of exposure to potentially malicious activities. Aruba is enabling customers to rapidly assess IoT deployments within their facilities and determine any potential threats that may be present.”

Ashton concludes:
“Since its inception in 1999, the Internet of Things has been ridiculed, criticized, and misunderstood. And yet here we are, less than two decades later, in a world where tens of thousands of organizations are saving and making hundreds of millions of dollars from the Internet of Things, using cars that drive themselves, subway stations that sense passengers, algorithms that diagnose deadly diseases using phones, and many other once apparently-impossible technologies. The future promises far more amazing things. The most important decision you can make now is how to be a part of it.”

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