WELCOME TO The THE INTERNET OF THINGS REPORT
You’ve Heard About The Internet Of Things, Meet The Industrial Internet Of Things
KATHRIN BREKLE | March 1, 2016
Persistent Systems (BSE & NSE: PERSISTENT) builds software that drives our customers business, for enterprises and software product companies with software at the core of their digital transformation.
Article | March 17, 2020
Nokia may be best known for cellular phones, but in recent years the Finnish company has focused on networking hardware — the radios and infrastructure that connect cellular devices to the internet. Today, Nokia announced that it’s augmenting its Worldwide Internet of Things Network Grid (WING) with new 5G capabilities, enabling cellular carriers to offer global-scale 5G IoT services to customers without building out their own networks. While that’s a lot of jargon to absorb at once, the gist is that carriers like AT&T and Verizon want to offer business customers the ability to connect small IoT sensors to the internet but don’t necessarily want to spend the money to build the cellular infrastructure the sensors need to communicate. So Nokia offers WING as a global IoT infrastructure, partnering with carriers to sell access on a pay-as-you-go basis.
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.
When people think of AI, it's easy to jump to the many possible uses seen in movies -- such as accessing secret areas with biometric data or robots completing human jobs -- but applying AI realistically requires architects and administrators to understand just how flexible AI is in a business setting. Tech leaders have rapidly increased the number of AI and IoT projects in many areas of their businesses, including customer experience, data analysis and security. When organizations apply AI into these different aspects, they can more effectively process the IoT data they create and further improve their operations and products. Popular movies have made customer experience AI one of the better-known examples of AI. Ads may not be as flashy as the personally tailored ones using customer biometrics as seen in The Minority Report, but it's easy to see how organizations will get there from the online ads that use AI to give consumers offers specific to their interests. Businesses use AI that learns from data analytics on customer behavior throughout the IoT customer journey.
There are already 20 billion IoT-connected devices, and 8 billion of those are devices used by enterprises, according to a report by Gartner. The impact of the Internet of Things market is potentially $11 trillion by 2025. The investment in IoT has come primarily from large businesses, but the technology is increasingly available via ‘as-a-service’, making it possible for businesses of all sizes to benefit. The ‘as-a-service’ model reduces the cost of ownership and capital expenditures and makes it easy for small businesses to investigate IoT with smaller up-font investments and less risk. Frank Della Rosa, research director at IDC, said that “Software as a Service (SaaS) continues to be the most highly deployed cloud segment, representing a commanding 62.4% of the total cloud market revenues.”
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