The Macroeconomic implications of the Internet of Things

March 1, 2016

Economic growth is the monetization of human effort. Originally this effort was physical and primarily the conversion of raw materials into goods, which added value as the result of human physical effort. The core purpose of capitalism is to add value to human effort. The Gross Added Value of a country is usually called nominal GDP, and consists of net profits plus wages and salaries

Spotlight

Sycor

As a full-service provider, the Sycor Group covers the whole spectrum of information and communications technology. With a team of over 750 employees around the world, the company ensures long-lasting customer satisfaction across the entire value-added chain, even if it means providing round-the-clock assistance 365 days a year. Sycor‘s solutions are always tailored, reliable and quality-assured. With headquarters in Göttingen, Germany, and further locations across Germany, Asia, and North America, the company is as international and dynamic as many of its customers around the world.

OTHER WHITEPAPERS
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Internet of Things (IoT) IoT on cloud – Enabling future of oil and gas industry

whitePaper | January 2, 2020

The ongoing improvement in cost and performance capabilities of computing, storage, bandwidth and software application has led to advancement in information, communication and connectivity technologies and triggered new waves of innovations. The Internet of Things (IoT) represents one major concept within these innovations that promotes the connection of everything in manifold contexts and industries. This includes connecting machines, facilities, fleets, network and even people to sensors and controls; feeding sensor data into advanced analytics applications and predictive algorithms; automating and improving the maintenance and operations of the machine and the entire systems.

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Securing Devices in Advanced Metering Infrastructures

whitePaper | January 8, 2020

Smart grid managers and Head End System (HES) vendors depend on data to drive their business. Receiving and analyzing accurate data from grid endpoints - the smart meters - is the main element that determines business success. Their customers, Distribution System Operators (DSOs) and Advanced Metering Infrastructures (AMI) managers, then use this data for crucial processes: monitoring energy demand and production, load shifting to maintain a persistent grid balance at all times and billing customers. Each tiny bit of data is the starting point for monetization and asset management and it must be accurate and trusted in order to keep power flowing.

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Global Industry Standards for Industrial IoT

whitePaper | June 2, 2021

The Industrial Internet of Things (IIoT) is a rapidly expanding world of connected objects. As IIoT systems proliferate, large amounts of data are consumed by machine learning algorithms and shared between partners, customers and others. IIoT is a technology environment in which integration and interoperability are critical capabilities and the complexity of this environment makes this difficult to achieve. Standards play a critical role in IIoT for five main reasons. First, users and vendors cannot engineer a custom interface every time components or systems need to interact. Standards can make this explosion of interfaces manageable; they are the lingua franca for interoperability. For suppliers, this eliminates needless costs related to common capabilities instead encouraging a focus on innovations that add value.

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How is the IoT world shaping up in 2021 and what trends will influence the future of IoT?

whitePaper | June 8, 2021

Despite the close of a tumultuous 2020 and the start of 2021, connected devices will continue to shape the future of numerous industries and businesses are confident that the Internet of Things (IoT) will play a key role in the future success of their trade. Several trends continue to gather momentum, stimulating IoT’s prominence in 2021, from Industrial IoT devices to health-and-safety applications as COVID-19 continues to take center stage. Here are a few facts, figures and trends, gathered across the web, that can help us understand where the IoT world is at, how it’s been impacted by the pandemics, and what to expect over the next few years.

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HOW TO ACHIEVE SUCCESS WITH THE IOT?

whitePaper | December 7, 2021

Achieving success with the Internet of Things (IoT)requires a lot more than just selecting the right technology. This helpful guide tackles the aspects of IoT implementation that companies wrestle with the most, such as creating a strong business case, managing security requirements, and identifying the top requirements of a successful system. We also take a deep dive into the most common challenges that early IoT adopters have encountered—from budget constraints to cultural resistance to change—with advice on how to overcome these challenges to obtain real and tangible benefits.

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Different Dimensions of IOT Security

whitePaper | December 20, 2019

IOT is wirelessly connecting things to the internet using sensors, RFID’s and remotely accessing and managing them over our phone or through our voice. IOT uses various communication protocols such as Zigbee, 6LowPan, Bluetooth and has bi directional communication for exchange of information. The database for IOT is cloud which is also vulnerable to security threats. The increasing amount of popularity of IoT and its pervasive usage has made it more recurrent to prominent cyber-attacks such as botnet attack, IoT ransom ware, DOS attack, RFID hack.

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Spotlight

Sycor

As a full-service provider, the Sycor Group covers the whole spectrum of information and communications technology. With a team of over 750 employees around the world, the company ensures long-lasting customer satisfaction across the entire value-added chain, even if it means providing round-the-clock assistance 365 days a year. Sycor‘s solutions are always tailored, reliable and quality-assured. With headquarters in Göttingen, Germany, and further locations across Germany, Asia, and North America, the company is as international and dynamic as many of its customers around the world.

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