Introduction to Internet of Things IoT Set 1

Get the most value from your enterprise assets with Maximo Application Suite. It’s a single, integrated cloud-based platform that uses AI, IoT and analytics to optimize performance, extend asset lifecycles and reduce operational downtime and costs. AI is the simulation of human intelligence processes by machines, especially computer systems, and is typically used in natural language processing, speech recognition and machine vision. By outsourcing non-core areas of your product to an IoT platform, you’ll reduce risk, minimize cost, improve quality, and accelerate your time to market. Keep in mind that when you are transitioning to scale, you might need to completely re-platform your product, and that’s okay.

Definition of an IoT platform

Essentially, these platforms do a lot of things in the background to make life easier and less expensive for developers, managers, and users—in much the same way as an operating system for a laptop. They handle issues like connecting and extracting data from many different endpoints, which might be in inconvenient locations with spotty connectivity. Because IoT is a system of systems—a network of devices and software applications—rarely does an organization have expertise across all the relevant domains.

Why use an IoT platform?

What they are, why there are so many, when businesses should use them, and the important considerations when choosing between the many options. Software AG’s Cumulocity IoT platform is an IoT platform that simplifies things for you with self-services tools and a configuration-driven approach. It’s designed to give you complete business visibility and control of all the remote assets in your organization on a resilient platform you can trust. IoT technologies can be deployed in a customer focused way to increase satisfaction. For example, trending products can be restocked promptly to avoid shortages.

Definition of an IoT platform

“As-a-service” business models help you stay closer to customers and gain a competitive advantage by creating new products and differentiating services that can provide resilient, recurring revenue. In a thick edge architecture, processing is more decentralized and occurs closer to data collection. Instead of sending sensor data to be processed on a distant server, which would lead to latencies too high to safely respond to sudden changes on the road, a vehicle’s systems process data directly onboard for autonomous navigation. The value of IoT is not in the fleet of devices and sensors an organization is monitoring, but in the accurate and relevant data derived from these IoT devices and sensors.

Related to IoT Platform

If you need industrial hardware, you can try hardware platforms like PXI or Compact RIO from National Instruments. Or use a smartphone or tablet since they already have a lot of sensors. Examples of IoT connectivity platforms include Curiosity by Sprint, Jasper by Cisco, IoT Accelerator by Ericsson, and Pelion by ARM. In this scenario, the data doesn’t flow directly from the IoT device to the internet and into the Cloud platform.

Definition of an IoT platform

These include the need for change management (capturing value at scale will require collaboration across functions to encourage new behaviors), interoperability issues, and installation challenges, as well as concerns about cybersecurity and individual privacy. MachNation distinguishes between two types of IoT application enablement solutions and vendors. IoT frameworks help support the interaction between “things” and allow for more complex structures like distributed computing and the development of distributed applications. IoT platforms that save you time may cost more, in the long run, depending on how they’re priced. This is because they charge use-based and/or subscription fees that can add up over time. But you still get the benefit of significantly lower up-front costs (no CapEx).

Which IoT Partner is The Best?

IoT applications can predict machine failure before it happens, reducing production downtime. Wearables in helmets and wristbands, as well as computer vision cameras, are used to warn workers about potential hazards. Smart home devices are mainly focused on improving the efficiency and safety of the house, as well as improving home networking. Devices like smart outlets monitor electricity usage and smart thermostats provide better temperature control.

Definition of an IoT platform

IoT helps make it less expensive to manufacture and deliver goods, and offers transparency into customer transactions. The connectivity, networking and communication protocols used with these web-enabled devices largely depend on the specific IoT applications deployed. Sensitive personal details of a user might be compromised when the devices are connected to the Internet. If you’re starting from scratch, you might be able to get further quicker by selecting a platform that can cover device management, some network management, and some application enablement. However, if you’ve already built something or are trying to piece together disparate platforms, managing an IoT platform with overlap can make integration more difficult. Learn about IoT architectures to connect devices and build scalable apps and visualization dashboards to gain insights from device data using IBM solutions and services.

Connect

In addition to offering smart devices to automate homes, IoT is essential to business. It provides organizations with a real-time look into how their systems really work, delivering insights into everything from the performance of machines to supply chain and logistics operations. If we think about what platforms do (connect humans, machines, and sensors; create new information flows; extend process control), it’s easy to see why platforms are both hardware and software. In an enterprise context, IoT devices are used to monitor a wide range of parameters such as temperature, humidity, air quality, energy consumption and machine performance. This data can be analyzed in real time to identify patterns, trends and anomalies that can help businesses optimize their operations and improve their bottom line. It’s important to address customer privacy concerns vis-à-vis connected devices.

An IoT application is a collection of services and software that integrates data received from various IoT devices. It uses machine learning or artificial intelligence (AI) technology to analyze this data and make informed decisions. These decisions are communicated back to the IoT device and the IoT device then responds intelligently to inputs. Wearable devices with sensors and software can collect and analyze user data, sending messages to other technologies about the users with the aim of making users’ lives easier and more comfortable. Wearable devices are also used for public safety — for example, by improving first responders’ response times during emergencies by providing optimized routes to a location or by tracking construction workers’ or firefighters’ vital signs at life-threatening sites.

What are the benefits of IoT to organizations?

As explained in an article on the role of IoT platforms, in the strict sense an IoT platform is an IoT Application Enablement Platform or AEP. Again, this drives market, go-to-market and ecosystem/partnership and M&A evolutions and these are important to consider when selecting an IoT platform as we’ll see. Tech-forward banks can tap into new streams of revenue with banking-as-a-service and open banking solutions. Enroll in the beginner-friendly, self-paced online course Introduction to IoT and Embedded Systems offered by the University of California Irvine on Coursera.

  • IoT touches every industry, including healthcare, finance, retail and manufacturing.
  • Taking M2M to the next level, IoT is a sensor network of billions of smart devices that connect people, computer systems and other applications to collect and share data.
  • These models map fluctuations in oil reserves and gas levels, they strive to point out the exact quantity of resources needed, and they forecast the lifespan of wells.
  • Over 9 billion ‘Things’ (physical objects) are currently connected to the Internet, as of now.
  • AWS IoT provides IoT services for industrial, consumer, and commercial solutions.

Ambient intelligence and autonomous control are not part of the original concept of the Internet of things. Ambient intelligence and autonomous control do not necessarily require Internet structures, either. By reinforcement learning approach, a learning agent can sense the environment’s state (e.g., sensing home temperature), perform actions (e.g., turn HVAC on or off) and learn through the maximizing accumulated rewards it receives in long term. ] iot platform vendors is the explosive growth of devices connected and controlled via the Internet.[114] The wide range of applications for IoT technology mean that the specifics can be very different from one device to the next but there are basic characteristics shared by most. But in the long run, these expenses are small compared to what it’ll cost you to build your own. Building a working IoT platform (software or hardware) will take years and millions of dollars.

Privacy, autonomy, and control

The Internet of Things gives businesses access to advanced analytics that uncover new opportunities. For example, businesses can create highly targeted advertising campaigns by collecting data on customer behavior. Sensor-driven analytics and robotics increase efficiency in automobile manufacturing and maintenance. For example, industrial sensors are used to provide 3D real-time images of internal vehicle components. Diagnostics and troubleshooting can be done much faster while the IoT system orders replacement parts automatically.

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