WELCOME TO The THE INTERNET OF THINGS REPORT
Qowisio: the only IoT company with the capacity to target the low-cost connected objects market.
| January 19, 2017
SEMIKRON is one of the world's leading manufacturers of power modules and systems primarily in the medium output range...
Article | February 14, 2020
Energy management and efficiency utilization are the challenges for building owners, facility managers, and tenants. With the traditional metering solutions, building owners can’t measure accurate consumptions, usage patterns, and downtimes. It is simple: You can’t manage if you can’t measure. Building owners and tenants have been speculating about bettering and changing their approach to optimize energy consumption by deploying smart submeters. In contrast to traditional electrical meter, a smart submeter is infused with network connectivity features to upload the data. They track, monitor, measure, and upload data to servers for real-time visibility. Earlier building owners used to bill according to the space occupied by the tenants. Think about inaccurate billing – have you ever seen a bill that confused you?
Artificial Intelligence and Internet of things are hot topics now, as a consequence, integrating AI into IoT is becoming a common practice. The healthcare system is everybody’s business, so finding one's way around is equally important for all. Yet, keeping all the details in mind is no easy task. There are limits to human mental and physical performance. Thus going beyond one’s maximum has to be relegated to such technologies as the Internet of things and Artificial Intelligence. The implementation of innovative solutions in healthcare is always a good idea and IoT together with AI are strong drivers of the digital transformation regardless of what field the technologies are applied in. Municipal infrastructure, smart homes, retailing, manufacturing, supply chain, education, healthcare and life sciences — the entire digital ecosystem, an IoT ecosystem of connected devices, has been created and is growing stronger with each passing day. Empowered with Artificial Intelligence and Machine Learning, among other things, IoT is used as a means of equipping people with intelligent assistance. Gradually, it is taking over both minor and major processes in a number of industries. Healthcare is no exception.
By the end of this year there will be 5.8 billion Internet of Things (IoT) endpoints, according to Gartner. And depending on how IoT devices are counted the number is even higher. Statista, for example, estimates the device count for 2020 to be more than 30 billion. Security remains a big challenge for IoT as a strategy to be successful. IoT devices are still not being designed with security as a top priority.Mary O’Neill, VP of security at Nokia, noted in a press conference at MWC Los Angeles 2019 and reported by SDXCentral, that “if an IoT device today is plugged into the network and it doesn’t have protection on it, it’s infected in three minutes or less.”Jake Williams, founder of the security firm Rendition Infosec, said that “IoT vendors emphasize, often rightly, that their products improve quality of life, but they often neglect to disclose the risk of these devices to consumers. The onus of understanding how an IoT device might impact security should not be purely on the consumer. The vendor shares this responsibility.
Implementation of the “Internet of Things” in the modern world is gaining pace at breakneck speed. Society is moving away from standalone devices and entering the realm of inter-connectivity. With uses in different facets of life, such as personal gadgets, retail, electricity distribution and financial services, IoT is making its mark. One such application field of IoT is in Smart Homes, or more specifically in the Heating, Ventilation, and Air Conditioning industry (HVAC). According to a report by Zion Market Research, the global smart HVAC control market is expected to reach almost USD 28.3 billion by 2025 as compared to USD 8.3 billion in 2018. Amalgamation of the HVAC industry and IoT provides for vastly superior customer-centric services, enabling remote appliance control as a first step.
Keep me plugged in with the best
Join thousands of your peers and receive our weekly newsletter with the latest news, industry events, customer insights, and market intelligence.
Put your news, events, company, and promotional content in front of thousands of your peers and potential customers.
Not a member yet? Not a problem, Sign Up
Sign up to contribute and publish your news, events, brand, and content with the community for FREE