INTERNET OF THINGS (IoT)TECHNOLOGY, ECONOMIC VIEWAND TECHNICAL STANDARDIZATION

| July 1, 2018

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The role of Information and Communication Technologies (ICT) is significantly increasing in our everyday lives and it has a predominant influence on the development of the economy and information society. The positive impact across various economic sectors in the interdisciplinary applications is only possible with the growth of these technologies. In Luxembourg, ICT is largely used for the development of innovative products and services in order to address societal, market, and business challenges.
Today, billions of connected devices are aimed to be interconnected in the Internet of Things (IoT) network using recent computing technologies. This exponentially growing number of things in the IoT opens an era creating new services that can bring noticeable changes to the individual citizens, society, economy and environment and huge number of business opportunities. Nowadays, IoT is considered to have a potential to advance the quality of life of the citizens and economic growth of the country. Adoption of IoT technology in various domains, such as Smart cities, Smart transportation.

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OTHER ARTICLES

Automotive Sales: Improving the Customer Experience Using IoT

Article | April 7, 2020

Customer touchpoints throughout the automotive sales cycle are prime candidates for IoT innovation. Across the board, the data derived from these IoT applications have the capability to provide insights and actionable outcomes which can significantly improve the customer experience. When a customer arrives at a dealership, it may be difficult for the dealer to know if they have what the customer is looking for. For instance, a customer might be coming in to see a particular vehicle, test-drive a car they’ve already seen, or to casually browse their options. Without any data behavior on the customer beforehand, sales personnel or the dealership may not be properly equipped to handle the customer’s request. Perhaps a requested car is no longer on the main show floor for immediate display but instead buried somewhere in a backlot. Maybe another car that was requested for a test drive may not yet be properly serviced for operation. These are only a few of the challenges associated with automotive sales that IoT is capable of helping to improve.

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What Is CBRS and How Does It Help IoT?

Article | April 7, 2020

The Internet of Things continues to grow fueled by applications that solve problems for enterprise customers. One of the biggest barriers to IoT solutions in enterprise settings is reliable and low-cost wireless connectivity. Where Wi-Fi, Bluetooth, LoRa, Zigbee and others have tried to solve the problem before, CBRS (Citizens Broadband Radio Service) is posed to offer a viable alternative for enterprise IoT connectivity. Specific to the United States, Citizen’s Broadband Radio Service (CBRS) is a piece of the radio spectrum between 3550 – 3700 MHz. This is a valuable area of the spectrum because it allows good propagation (ability to penetrate walls and go medium distances) with the benefits of higher bandwidth services, such as LTE and 5G.

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Which IoT Applications will Benefit Most from Edge Computing?

Article | April 7, 2020

Edge computing refers to information being processed at the edge of the network, rather than being sent to a central cloud server. The benefits of edge computing include reduced latency, reduced costs, increased security and increased business efficiency. Transferring data from the edge of a network takes time, particularly if the data is being collected in a remote location. While the transfer may usually take less than a second, glitches in the network or an unreliable connection may increase the time required. For some IoT applications, for example, self-driving cars, even a second may be too long. Imagine a security camera that’s monitoring an empty hallway. There’s no need to send hours of large video files of an empty hallway to a cloud server (where you will need to pay to store them). With edge computing, the video could be sent to the cloud only if there is movement detected in the hallway.

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How to Leverage IoT to Protect Your Workers

Article | April 7, 2020

Workers in construction, agriculture and manufacturing are reported to have the highest incident rates, according to the 2018 research of the US Bureau of Labor Statistics. Medical expenses for work-related injuries are scoring millions of dollars each year. In recent years, businesses have increasingly opted for industrial IoT solutions that offer advanced monitoring capabilities designed to predict and prevent incidents. In many situations, smart monitoring can save lives in the event of equipment misuse or failure, inefficient safety regulations and health-threatening sites.

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