Combating floods in urban areas with IoT network solutions

Flooding can devastate a city faster than almost any other natural disaster, and the financial, physical, and emotional repercussions can leave an area reeling for months. The Pew Charitable Trusts report that damage from flooding cost the United States nearly $ 2 billion each year from 2006 to 2015, with 36 declared federal flooding and hurricane […]

The post Combating floods in urban areas with IoT network solutions appeared first on IoT Now – How to run an IoT enabled business.

Blogs – IoT Now – How to run an IoT enabled business

Frost & Sullivan highlights five IoT growth areas for 2017

Frost & Sullivan highlights five IoT growth areas for 2017

It’s May already, and we’re already one-third of the way through 2017. At market research firm Frost & Sullivan, analysts are already thinking ahead and considering how the rest of this year is likely to shape up in terms of IoT growth.

The Frost & Sullivan report, European Internet of Things Market Outlook 2017, published this week, predicts that the next evolution in IoT will be ‘sentient tools’ and ‘cognition or predictive computing.’

What the company’s analysts mean by this, it seems, is that we’ll see a shift from humans being able to use IoT data in order to react to events to IoT environments that are more readily able to detect and respond to events without the need for human intervention.

This seems ambitious, given the current state of things, but Frost & Sullivan’s analysts helpfully point to some recent developments that suggest things are indeed headed that way.

For a start, there’s the commercialization of narrowband IoT (NB-IoT). “This cellular communications technology users licensed spectrum and offers a standardized low-power, wide-area network (LPWAN) that can capture previously untapped segments of the market,” they say.

Then, there is the increasing use of machine learning and blockchain technologies, particularly in industries such as financial services and energy. In addition, there are new, dedicated venture funds for IoT development popping up across Europe, they add, that “will help create an ecosystem that is conducive to the growth of start-ups in the region.”

Frost & Sullivan research analyst Yiru Zhong then points to five emerging growth areas for IoT in 2017, all of which we at Internet of Business are seeing, too, and following closely. These are:

1. Platform plays: market launches of new or revamped platform plays for connectivity, service, and application enablement are continuing.

IoB says: Yes, but it’s getting harder and harder for makers of new IoT devices and services to choose between them. Beecham Research, for example, has identified around 400 of them already. Vendors need get better – and fast – at articulating what makes their platform stand out from the crowd. We recently covered a new tool from Beecham Research that aims to help customers pick the right platform and will be holding our IoT BUILD conferences, which focus on platforms, in San Francisco and London later this year.

2. LPWAN: With NB-IoT, companies are offering connected service in any form will now have more concrete low-power connectivity options to test and deploy suitable new applications from 2017 onwards.

IoB says: Yes, but again, there’s too much market fragmentation here, with at least eight different LPWA technologies in use worldwide. The big battle looks set to play out between LoRa and Sigfox – but there’s still everything to play for for other LPWA standards, including UNB Wireless, Ingenu and LTE-M. Our recent article on chipmaker ARM’s acquisition of NextG-Com and Mistbase for their NB-IoT (Narrowband IoT) expertise also includes data from Analysys Mason on how various standards are faring.

3. Industry vendor convergence: Tier 2 industrial vendor M&A activities will persist, while established conglomerate giants add digital technologies to their portfolios.

IoB says: Yes, so enterprise buyers will have to place their bets wisely even as they stand on shifting sands. We recently took a look, for example, at how networking giant Cisco is capitalising on its 2016 acquisition of Jasper.

4. Cybersecurity in IoT: Focus will be on enabling multi-layered security approaches, while addressing individual behavior risks to IoT systems.

IoB says: Yes, this is a big focus for us and will continue to be so. The idea of so-called ‘Internet of Insecure Things’ looks set to put the brakes on IoT spend for some time to come. This week, we published an article from Cambridge Consultants that makes it clear that IoT device manufacturers have more work to do.

Read more: Seven predictions for the Internet of Things in 2017

5. Consumer IoT: More proof of concepts and provision of discounts or subsidies will encourage consumers to discover, experiment and experience connected IoT applications.

IoB says: Yes, but savvy consumers will increasingly shop only for IoT devices and apps that really add value to their daily lives. And they’ll quickly discard those that fail to deliver or become an annoying distraction. Not everything that can be connected needs to be connected and data security concerns persist among consumers, as a recent survey of 4,000 UK and US adults from identity and access management company Gigya highlights.

According to Yiru Zhong, all this points to the emergence of a more “intelligent society”. At Internet of Business, we’re inclined to agree – but with some reservations and a hefty dose of scepticism, naturally.

Read more: A little less IoT predictions, a little more action please

The post Frost & Sullivan highlights five IoT growth areas for 2017 appeared first on Internet of Business.

Internet of Business

Are drones and autonomous vehicles the answer for smart services in rural areas?

When we all talk about smart cities we are, of course, overlooking something important. Not everyone lives in a city. One company is working to redress this imbalance. Here, Jeremy Cowan of IoT Now talks to Roei Ganzarski, CEO of BoldIQ. IoT Now: The growing smart cities revolution has been heavily covered in the news lately. What […]

The post Are drones and autonomous vehicles the answer for smart services in rural areas? appeared first on IoT Now – How to run an IoT enabled business.

Blogs – IoT Now – How to run an IoT enabled business

Three Areas Where the IIoT Can Boost Productivity (and Profits)

Three Areas Where the IIoT Can Boost Productivity (and Profits)

The majority (33%) of IOT value creation will come from the factory settingMcKinsey Global Institute

Manufacturing operations will be the largest area of IoT InvestmentICD, 2017

IoT solutions are rapidly being designed to help transform industrial operations within the manufacturing, oil and gas, agriculture, and power/utilities segments. The Industrial Internet of Things (IIoT) combines the global reach of the Internet with a new ability to directly control the physical world, including machines, factories and infrastructure. Smart, connected products are transforming the way companies do business, and the IIoT is instrumental in boosting productivity (and in turn, profits) by allowing for 1) remote monitoring of equipment and installations, 2) predictive maintenance, and 3) more efficient after-sale service.

1. Remote Monitoring

The IIoT enables organizations to monitor, manage, diagnose and resolve issues for their connected equipment in the field. Connected assets can be remotely diagnosed by viewing sensor information and/or embedded knowledge diagnostics tools to resolve potential issues. Remote monitoring capabilities typically include:

  • Tracking asset performance and usage data
  • Capturing critical alert notifications for service issues
  • Viewing history of sensor data to understand alert condition

Technicians can perform initial diagnostics and recommend best service response, with the ability to:

  • Automate the diagnostic process to quickly narrow down the problem
  • Embed diagnostic solutions to troubleshoot error codes and find solutions in the context of a specific asset
  • Create rules to trigger alarms and create service sessions

For example, PEP Stations has a growing network of Plug-in Electric Vehicle (PEV) charging stations. Their challenge was to provide a trouble-free charging station so that they could proactively address problems before customers were affected. Their remote monitoring software enables PEP Stations to provide real-time system diagnostics for proactive service and support, and accurate and timely utilization reports. As a result, approximately 25% of all issues are resolved remotely.

2. Predictive Maintenance

predictive maintenanceThrough the IIoT, design engineers can add a layer of proactive analysis for predictive intelligent alarming. For example, if a machine monitors a temperature which exceeds the upper control limit, an alarm activates. Traditionally, an operator would react to the alarm. Analytics make it possible to predict when the event will happen and to take steps in advance of it. Either the OEM can supply analyzed information as a value-added service, or it can be a feature of the equipment.

As an example of predictive maintenance in action, software on food processing equipment can monitor a temperature, run an analytic on it and predict temperature scenarios based on a statistical model. The OEM can design equipment that sends operator alarms to ensure action takes place quickly, before a batch is ruined. The same could be true for an OEM running a remote monitoring and predictive service for customers related to critical end-user operations.

3. After-Sale Service

For manufacturers of industrial equipment, service after the sale can represent significant revenues and profits—but traditional service delivery is inherently inefficient. Technicians often must make two trips to the installation site, the first to inspect a product to identify the reason for a failure and the parts needed to correct it, and then to perform the repair itself.

Smart, connected products improve service and efficiency and enable a fundamental shift from reactive service to preventive, proactive, and remote service. Because technicians can diagnose problems remotely, they can have the parts needed for repairs in their trucks the first time they arrive at the customer site. They can also have supporting information for executing the repairs. Only one visit is necessary, and success rates rise. Smart, connected products make delivering service via connectivity increasingly feasible. In many cases, products can be repaired by remote technicians in the same way that computers are now often remotely fixed.

ATM industry leader Diebold employs smart connected products to conduct remote diagnostics and issue resolution across over 5,000 ATMs. As a result, Diebold saw a 17% increase in remote issue resolution, a 15% reduction in equipment downtime, and average downtime responses shortened to less than 30 minutes.

For more information on the IIoT’s impact on business, download the Harvard Business Review article, How Smart Connected Products are Transforming Companies.
At LiveWorx 17, May 22-25 in Boston, Massachusetts, you’ll find a wealth of information on the IIoT presented by industry experts, a variety of learning formats, and actionable ideas you can implement on-the-job, increasing your value to your company. LiveWorx is the premier IoT event for 6,000+ industry thought leaders, cutting-edge manufacturers, product development and service professionals, IoT innovators, developers and visionaries. In addition to IIoT, learn about IoT Strategies and Business Models, Industrie 4.0 / Smart Manufacturing, Analytics & Big Data, Security & Privacy, Data Management, Augmented Reality and more.

The post Three Areas Where the IIoT Can Boost Productivity (and Profits) appeared first on IoT Business News.

IoT Business News