Enterprise Iot
Article | May 11, 2023
Discover the crucial role of big data capabilities in unlocking the potential of IoT for businesses. This article covers their synergy, challenges, and value in decision-making and revenue generation.
Contents
1 Why Big Data and IoT Matter for Businesses
2 Understanding Synergy of Big Data and IoT
2.1 How IoT generates Big Data
2.2 Challenges of Processing Big Data from IoT Devices
2.3 Importance of Big Data in IoT Applications
3 The Value of Big Data and IoT for Businesses
3.1 Improved Decision-making for Businesses
3.2 Generate New Revenue Streams
4 Final Thoughts
1. Why Big Data and IoT Matter for Businesses
The internet of things (IoT) is connecting all types of physical assets to the internet, from smart wearables that track wearer’s vitals to connected industrial units that can report any malfunctions automatically. Big data in IoT is a natural outcome with the growth of IoT devices, with an immense surge in the amount of data being generated.
There are currently over 13 billion connected IoT devices worldwide.
(Source – Techjury)
This data is extremely valuable to businesses as it can help streamline operations, predict trends, and diagnose device issues. Certain functions of IoT devices that are crucial for modern businesses, such as enabling predictive maintenance, depend on the analysis of the data generated every second. However, to maximize the ROI from their IoT ecosystem, businesses must first manage and process the vast amounts of unstructured data they produce. This is where big data capabilities come in.
2. Understanding Synergy of Big Data and IoT
Big data and the IoT are fundamentally different concepts, but are closely connected. Big data is a term that is used for a great amount of data that is characterized by volume, velocity, variety and veracity (or the ‘trustworthiness’ of data). The IoT is a term for physical devices or objects linked to the internet using an assortment of technologies. Understanding the synergy between these two technologies will be critical for businesses looking to leverage their full potential.
2.1 How IoT generates Big Data
IoT is one of the primary drivers of big data growth. The vast number of interconnected devices in the IoT ecosystem generates a massive amount of data every second. This data includes information on user behavior, device performance, and environmental conditions, among others.
The nature of this data makes it challenging to store, process, and analyze using traditional data management tools. This is where big data technologies such as Hadoop, Spark, and NoSQL databases come in, providing the ability to manage massive amounts of data in near-real-time, enabling critical applications of big data in IoT. For businesses, processing IoT data is synonymous with processing big data, due to the nature of the data generated by an IoT ecosystem.
2.2 Challenges of Processing Big Data from IoT Devices
IoT data processing is a complex and challenging task due to several reasons. Firstly, the sheer volume of data generated by these devices is enormous and is only increasing. This requires a robust infrastructure and specialized tools to store, manage, and analyze the data efficiently.
This data is also generally unstructured, heterogeneous, and complex, making it difficult to process using traditional data management and analysis techniques. Moreover, it is often noisy and may contain errors or outliers, which can impact the accuracy of data analysis. Businesses also face a challenge when securing such vast amounts of data. Since IoT devices collect sensitive information such as personal and financial data at scale, it is critical to ensure that data is encrypted, transmitted securely, and stored safely.
Additionally, IoT devices often operate in remote locations with limited connectivity, making it challenging to transmit data to the cloud for storage and analysis. As IoT devices continue to proliferate and generate increasingly large amounts of data, businesses must adopt big data technologies to gain actionable insights from this data.
2.3 Importance of Big Data in IoT Applications
There are several use cases of the IoT where processing large amounts of data is essential. It plays a critical role in IoT applications, providing businesses with valuable insights that can be used to optimize processes, reduce costs, and improve overall efficiency. By collecting and analyzing large amounts of data from IoT devices, businesses can gain a better understanding of customer behavior, machine performance, and other critical metrics.
For example, big data in IoT can be used to identify patterns in customer behavior, allowing businesses to tailor their marketing efforts and improve customer engagement. Additionally, IoT devices can be used to collect data on machine performance, allowing businesses to identify potential problems before they occur, minimize downtime, and optimize maintenance schedules. The value of big data in IoT applications lies in its ability to provide businesses with real-time insights that can be used to drive growth, reduce costs, and improve overall efficiency.
3. The Value of Big Data and IoT for Businesses
Businesses looking to integrate big data in IoT must first consider their data storage and analytics capabilities. By understanding the value of big data technology in capturing and analyzing IoT-generated data, businesses can unlock insights that can help them make better decisions, optimize processes, and create new business opportunities.
3.1 Improved Decision-making for Businesses
IoT and big data technologies offer businesses a wealth of data that can be used to make better-informed decisions. By integrating IoT sensors and devices with their operations, businesses can collect real-time data on customer behavior, operational performance, and market trends. This data can then be analyzed using big data analytics tools to generate valuable insights that can inform decision-making.
For example, operational data can be analyzed to identify inefficiencies and areas for optimization, helping businesses reduce costs and improve efficiency. With the right data storage and analytics capabilities, businesses can leverage the power of IoT and big data to gain a competitive advantage and make better-informed decisions that drive growth and success.
3.2 Generate New Revenue Streams
By leveraging the vast amount of data generated by IoT devices and analyzing it with big data analytics tools, businesses can gain insights into customer behavior, market trends, and operational performance. These insights can be used to create new revenue streams and business models, such as subscription-based services, pay-per-use models, and predictive maintenance services.
For example, IoT sensors can be used to collect data on equipment performance, allowing businesses to offer predictive maintenance services that help prevent equipment breakdowns and reduce downtime. Similarly, customer data can be analyzed to identify new revenue opportunities, such as personalized product recommendations and targeted advertising. With the right strategy and investment in IoT and big data technologies, businesses can unlock new revenue streams and create innovative business models that drive growth and success.
4. Final Thoughts
Big data in IoT is becoming increasingly important for businesses, and the future prospects are bright. As IoT continues to grow and generate more data, businesses that can effectively analyze it will gain a competitive advantage, leading to increased efficiency, reduced costs, and higher ROI. To fully realize the benefits of IoT, businesses must develop big data analytics and IoT devices in tandem, creating a feedback loop that drives continuous improvement and growth. By embracing these technologies, businesses can make data-driven decisions and unlock new insights that will help them thrive in the years ahead.
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Security, IoT Security
Article | July 13, 2023
The evolution of internet-based market models has changed the way businesses operate. Present-day businesses know that data visualization in business intelligence is integral to competitive success. Therefore, businesses are now expanding their data and intelligence retrieval capacities. As a result, IoT (Internet of Things) data visualization is gaining popularity among industrialists and researchers across various disciplines.
In corporate finance, IoT-based efficient data visualization analyses data from multiple sources with the help of corporate analytics management tools and manages data quality for business intelligence to reduce the risk of leaks.
Impact of IoT Data Visualization on Corporate Finance BI
Data is everywhere— right from a customer's first visit to your company’s website until he signs out, all the behavioral patterns and data are tracked. All this data becomes useless unless it is utilized for a particular purpose.
Analyzing this data to predict future trends is one of the significant benefits of smart data visualization tools and technologies. It helps to slice and dice the data gained from different sources of different complexity levels to the minute granular level. Business intelligence utilizes these insights and the existing database to run risk analysis.
It gives an overview of your financial performance and the risks and exposures it faces. And if you switch the KPIs at the center of any dashboard, your entire team can instantly access the most important and relevant data.
IoT data visualization can measure big data on customers more efficiently, allowing organizations to add value to their customers. Customized tools will analyze your customers’ data and produce reports according to specific customer needs to help you get a deeper insight. Corporations can also utilize this data to better understand their competitors’ benchmarks.
Customizable IoT Data to Store Millions of Data Points in One Place
IoT collects millions of data from various complex sources. The data visualization dashboard contains multiple widgets that convert this data into various forms, such as line graphs, geographical maps, bar charts, pie charts, gauges, heat maps, etc.
This information, transmitted into multiple visualizations, helps organizations to unlock every piece of data into a valuable asset.
The Benefits of Using IoT Data Visualization
Businesses can collect, analyze and monitor a variety of data using IoT, such as internet usage data, video surveillance data, mobile app usage, and social media. It helps businesses to design products and provide personalized value-added services to drive better consumer engagement. Here are some key benefits IoT data visualization offers:
Unlock multiple insights across various verticals
Addressing important financial concerns proactively
Combination of multiple data sources into a single insightful dashboard
Multi-layered visual data.
Combines new data with the existing data to analyze new business opportunities.
Better performance on IoT data flow.
Analyze multiple data correlations in real-time
Improved Collaboration
Well-coordinated and efficient performance.
Cost reduction
Accurate data interpretation
Mitigate risk factor
Better decision making
Conclusion
Hands down, IoT data visualization intelligence in a company’s business operations will lead to better decision-making. But, before you choose an IoT data visualization tool for your business, you should know what kind of data you need to analyze and if you need any additional historical data. Because IoT services offer data visualization tools and techniques to analyze and monitor the data accordingly to predict future trends. So, it’s important to identify the goals before selecting a tool for your organization.
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Security, IoT Security
Article | July 13, 2023
Find out the upcoming and established companies providing IoT security for businesses. These allow adopting best practices & make informed technology investment decisions, for secure performance.
IoT security helps implement strong authentication, encryption, and access controls for IoT devices, while regularly updating firmware and monitoring for threats, to ensure the security of interconnected systems and protect sensitive data in a business environment.
Here is a carefully curated list of 15 Top IoT security companies, providing security to IoT devices, thereby ensuring their privacy and integration.
1. Ordr Inc.
Ordr is a leading provider of connected device security solutions deployed in numerous organizations worldwide across industries like healthcare, manufacturing, financial services, retail, and government. Its platform addresses vital use cases such as healthcare and medical device security, real-time asset visibility, compliance, threat detection and response, IoT and OT security, Zero Trust segmentation, and NAC acceleration. Ordr has earned industry recognition as the KLAS Healthcare IoT Leader for three consecutive years and is featured in Gartner Market Guides for OT Security and Medical Device Security Solutions. Prominent investors, including Battery Ventures, Mayo Clinic Ventures, Kaiser Permanente Ventures, back Ordr. The SOC2-certified platform demonstrates its commitment to customer privacy and data security. Its comprehensive approach ensures organizations can protect patient care, maintain real-time asset inventory, detect threats, implement zero trust segmentation, accelerate NAC, and secure IT/OT environments.
2. Medigate by Claroty
Medigate is a solution that comprehensively addresses healthcare organizations' unique challenges. The need for a coordinated security strategy becomes paramount as the convergence of IT, OT, IoT, and physical systems continues in the clinical environment. Medigate provides the confidence to secure, manage, and gain insights from all devices connected to the network, including a wide range of medical devices with proprietary protocols and operational parameters. Protecting the network can be overwhelming, with thousands of devices from different manufacturers. Medigate's specialized approach ensures that security measures do not compromise device usability, eliminating the need for compromise between security and functionality. In terms of investors, Medigate has received backing from prominent organizations such as Siemens, BMWiVentures, and SoftBank. These partnerships reinforce Medigate's commitment to delivering innovative solutions that enhance cybersecurity and enable organizations to connect confidently.
3. Aryballe
One of the top IoT security companies, Aryballe combines biochemical sensors, advanced optics, and machine learning to create a unique digital olfaction solution. By mimicking the human sense of smell, Aryballe's objective is to collect, display, and analyze odor data, empowering companies to make more informed decisions. Aryballe's software suite complements this hardware, which offers user-friendly protocol and analysis tools. These tools enable R&D, quality, and manufacturing professionals to integrate digital odor data into their decision-making processes seamlessly. Aryballe's software and data solutions are particularly valuable to the automotive, food & beverage, consumer appliances, and flavor & fragrance industries. The odor displays and analysis provided by Aryballe's technology empower leaders in these sectors to make smarter business decisions. Additionally, Aryballe's digital olfaction solutions have applications for enhancing user experiences within the automotive and consumer appliance markets.
4. Timesys Corporation
Timesys is a leader and pioneer in the embedded software market, offering open-source software security, development tools, and engineering services. With a comprehensive end-to-end device security solution, it enables developers to implement strong security measures early in the design phase. It has extensive embedded development experience and serves a diverse customer base, including Global 500 companies in the medical, industrial, networking, aerospace, and consumer sectors. The company's global partner ecosystem comprises leading semiconductor manufacturers, board vendors, and distributors. Its security services include VigiShield Secure by Design, which focuses on integrating core security features into device designs, and Vigiles, a tool for monitoring and remediating vulnerabilities. Furthermore, it offers an embedded board farm for test automation and remote access infrastructure, facilitating collaborative software development and debugging processes.
5. QA Mentor
QA mentor is a one-stop solution for application and mobile app testing. It is an award-winning software by QA company headquartered in New York. With multiple certifications and a CMMI Level 3 SVC + SSD v1.3 appraisals, the company offers comprehensive software testing services to clients globally. QA Mentor serves various industries, including startups and Fortune 500 companies. Their unique selling points include customizable testing processes, flexible on-demand services, and economical pricing. They specialize in various QA services, such as test design and execution, mobile/browser compatibility testing, QA audit and process improvement, automation testing, performance testing, security testing, regression testing, crowdsourcing testing, and QA e-learning. With a state-of-the-art test lab, unique methodologies, and expertise in automation tools, QA Mentor stands out in the industry.
6. Mocana
Mocana is a leading provider of cybersecurity solutions for IoT, operational technology, and critical infrastructure. Their on-device cybersecurity software and lifecycle management platform enable manufacturers and industrial companies to build tamper-resistant self-defending systems. Mocana's integrated solutions help minimize the risk of cyber breaches, ensure compliance with industry standards, and protect intellectual property throughout the device lifecycle. Unlike traditional IT network security approaches, Mocana empowers devices to protect themselves and prevent malware installation. Their platform facilitates application development and updates, ensures device protection and hardening in the field, supports interoperability between legacy and new devices, and offers automated operations with centralized control.
7. Verimatrix
Verimatrix, one of the many IoT security companies, is a leading provider of people-centered security solutions that power the modern connected world. Their intuitive and frictionless security offerings protect digital content, applications, and devices across various industries. Major brands rely on Verimatrix to secure premium movies, live-streaming sports, sensitive financial and healthcare data, and mission-critical mobile applications. Verimatrix helps its customers deliver compelling content and experiences to millions of consumers worldwide by enabling trusted connections. Their solutions provide robust security and help partners accelerate market time, quickly scale their operations, safeguard valuable revenue streams, and attract new business opportunities. With a focus on plugging security holes, thwarting pirate and cyberattacks, and preserving revenue, Verimatrix plays a crucial role in protecting the digital ecosystem and ensuring the delivery of exceptional experiences in an unprotected digital world.
8. Keyfactor
Keyfactor is a trusted provider of identity-first security solutions that bring digital trust to the hyper-connected world. With a focus on machine and human identities, Keyfactor simplifies PKI, automates certificate lifecycle management, and secures every device, workload, and thing. By enabling organizations to establish and maintain digital trust at scale, Keyfactor helps them move quickly in a zero-trust environment. In the face of increasing cyber threats, Keyfactor addresses the challenges of securing 5G networks and communications, meeting evolving standards and scalability, and adapting to changing architectures. Keyfactor's flexible solutions can be deployed in various environments, including data centers, cloud, SaaS, or hybrid architectures. With a comprehensive PKI management platform, Keyfactor enables organizations to protect their networks and manage certificates efficiently.
9. Vdoo
Vdoo is a global leader in the product security space, offering a comprehensive platform for identifying and mitigating security issues. It is the only automated platform that provides end-to-end product security, helping organizations streamline their development and security processes while ensuring optimal product security. With Vdoo, development and security teams can efficiently address a wide range of security risks, including supply chain threats, configuration risks, standard compliance, and zero-day vulnerabilities. Vdoo's platform enables organizations to integrate security seamlessly into their DevOps workflows, automate compliance assurance, and fortify security across the software supply chain. By offering intelligent and automated security solutions from code to container to device, Vdoo empowers organizations to safeguard their software's integrity and protect against malicious activity.
10. CyberMDX
CyberMDX, a Forescout company is a leading provider of IoT security solutions focused on safeguarding healthcare delivery worldwide. Its cloud-based cybersecurity solutions support the advancement of the Internet of Medical Things (IoMT) by protecting connected medical devices. The CyberMDX solution offers comprehensive endpoint identification, vulnerability assessment, incident detection, response, and prevention capabilities. Deployed globally, CyberMDX seamlessly integrates with customers' existing environments through its scalable and agentless solution. It provides continuous, real-time discovery and visibility of all medical devices connected to clinical networks. Recognized as a representative vendor in the Gartner Market Guide for Medical Device Security Solutions, Forescout delivers robust cybersecurity capabilities for healthcare organizations. With its automated and customizable approach, Forescout ensures the security and integrity of medical devices and IoMT ecosystems.
11. Sepio
Among the many best IoT security companies, Sepio is a leading asset risk management platform that prioritizes asset existence over activity. Through its physical layer asset DNA profiling, Sepio offers customers actionable visibility, policy enforcement, and mitigation capabilities, empowering them to gain better control over all assets at scale. Regardless of whether the infrastructure is connected to IT, OT, or IoT, Sepio's trafficless monitoring ensures an asset-agnostic solution. Sepio's platform caters to various industries, including financial institutions, healthcare institutions, and critical infrastructures globally. The platform allows the discovery of both known and shadow assets, mitigates risks associated with uncontrolled assets, reduces hardware clutter, enforces asset policies, meets regulatory compliance, and seamlessly integrates with existing security tools. Sepio's asset risk management benefits extend to uncovering hidden asset risks, providing organizations with the necessary insights and tools to strengthen their cybersecurity defenses.
12. Nexusguard
Nexusguard, a provider of simplified DDoS protection solutions for both service providers and enterprises, provides a range of offerings, including cloud services, managed DDoS protection platforms, and professional training courses. It empowers organizations to effectively safeguard their networks and applications against DDoS attacks. For communications service providers (CSPs), Nexusguard offers managed cloud-based DDoS protection solutions that cover various aspects such as application protection, origin protection, edge protection, and DNS protection. These solutions ensure the secure operation of internet-facing websites, shield networks and systems from threats, scale up protection for internet uplinks and infrastructure, and keep DNS services up and running. Nexusguard's offerings also include the Nexusguard Bastions server, a purpose-built on premise solution for CSPs that seamlessly integrates the company's proprietary technologies and global cloud scrubbing capabilities into the CSP's environment.
13. IoTium
IoTium is a provider of secure, managed software-defined network infrastructure for industrial IoT applications. Its solution enables the secure connection of both legacy and greenfield mission-critical on-site machinery and automation systems to applications residing in data centers or the cloud. By offering zero-touch provisioning and eliminating complexities in scalable mass deployments, IoTium ensures seamless and secure connectivity at scale. IoTium's View Smart Building Cloud addresses these security risks by implementing a Zero-trust Network Architecture (ZTNA). This includes secure tunnels with end-to-end encryption, certificate-based device authentication, and secure remote access with multi-factor authentication. It offers centralized management and visibility of building networks and OT devices, along with the ability to deploy edge applications for real-time processing and optimizations.
14. SCADAfence
SCADAfence, one of the top IoT security solution companies is a global technology leader specializing in OT and IoT cybersecurity. It offers a comprehensive suite of industrial cybersecurity products designed to provide robust protection for large-scale networks. Its portfolio includes top-notch network monitoring, asset discovery, governance, remote access, and IoT device security solutions. By leveraging SCADAfence's solutions, organizations operating in critical infrastructure, manufacturing, and building management industries can ensure secure, reliable, and efficient operations. SCADAfence's solutions cater to various industries, such as manufacturing, critical infrastructure, and building management. With a commitment to providing valuable resources and insights, it maintains an informative blog and offers opportunities for customers to request a live demonstration of its solutions
15. Xage Security
Xage is a global leader in real-world security, offering zero-trust solutions for industrial cybersecurity. Its flagship product, the Xage Fabric, simplifies and accelerates digital operations across OT, IT, and cloud environments. By adopting a unified approach based on zero-trust principles, Xage enables secure remote access and identity-driven access management for operational assets. Its solution eliminates the vulnerabilities associated with traditional remote access methods and provides granular access control down to individual assets, reducing the attack surface area. With Xage, organizations benefit from simplified and friction-free remote access, strengthened cybersecurity with advanced controls like multi-factor authentication, and full visibility and control of remote sessions. Its solutions also enable secure session collaboration, protect file transfers, and mitigate malware and anomalous behaviors. With Xage, organizations can fortify their cybersecurity infrastructure, enhance productivity, and meet evolving security challenges.
Conclusion
To stay ahead in IoT security market ,it is important to keep an eye on prominent companies leading the way in this field. These companies offer innovative solutions and expertise to address the evolving challenges of IoT security. By following their advancements and leveraging their technologies, businesses can enhance their defenses and mitigate risks in the ever-expanding IoT landscape.
Follow the list of top 15 companies,provided above to strengthen cybersecurity with advanced controls, end-to-end encryption, certificate-based device authentication, secure remote access with multi-factor authentication, among others.They empower organizations to safeguard their software's integrity and protect against malicious activity. The companies play a crucial role in protecting the digital ecosystem and ensuring the delivery of exceptional experiences,analysing the IoT statistics, in an unprotected digital world.
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