The Internet of Things (IoT) is a fascinating idea that combines both theoretical and practical elements.

It is transforming the physical world as we know it by creating new and exciting opportunities that are hard to imagine. Through IoT, objects can communicate with each other and send notifications to our phones, becoming more specialized, personalized, and intelligent to meet our specific needs. Although we have only just begun this journey, IoT will greatly impact every aspect of our daily lives soon.

IOT in Healthcare

The Internet of Things (IoT) has significantly impacted the healthcare sector. Here are a few ways in which IoT has transformed healthcare:

Remote Patient Monitoring

The IoT devices can collect patient medical data and transmit it to healthcare providers in real-time, enabling them to monitor patients remotely and provide prompt care if necessary.

IOT in Medical Devices

IoT has enabled the creation of smart medical devices that can track, diagnose and treat patients effectively. For example, wearable devices can monitor vital signs and transmit data to healthcare providers for analysis.

IOT Inventory Management

IoT technology can track medical supplies and equipment, helping healthcare facilities to manage their inventory more efficiently.

Clinical Decision Support

IoT devices can provide real-time data to healthcare providers, allowing them to make informed clinical decisions and improve patient outcomes.

Predictive Maintenance IOT

IoT devices can monitor and predict when medical equipment will require maintenance, reducing the risk of equipment failure and improving patient safety.

Driving & Traffic

Today, IoT has significantly impacted our driving and traffic issues. For example:

Connected Cars:

IoT has allowed cars to become connected devices that can communicate with each other and with infrastructure such as traffic lights. This enhances the driving experience and helps to reduce traffic congestion and accidents.

Smart Traffic Management:

Devices such as sensors and cameras can monitor and analyze traffic patterns, allowing for real-time adjustments to be made to traffic lights and routing systems to improve traffic flow.

Predictive Maintenance:

IoT technology allows us to monitor the wear and tear of our vehicles, letting us know the predictive maintenance required and reducing the likelihood of breakdowns and accidents on the road.

Improved Road Safety:

IoT-enabled devices such as sensors, cameras, and alarms can detect potential road hazards, alerting drivers to potential danger and helping to prevent accidents.

Groceries

Nowadays, you can purchase refrigerators with built-in cameras, allowing you to view their contents even when you’re away from home. In the future, these refrigerators will be equipped with sensors that detect when you are running low on groceries such as milk, eggs, or butter and automatically send a shopping list to your phone. Retail stores may use this information to send reminders to purchase specific items based on your past buying behavior and general trends. This means that while you are shopping at the grocery store, you will receive reminders on your phone to make sure you never have to make an unnecessary trip back.

Home Security

The Internet of Things (IoT) has improved home security in several ways. Smart locks, cameras, and sensors allow homeowners to monitor and control access to their homes remotely. In the case of a security breach, homeowners can receive alerts and notifications on their smartphones, allowing them to respond to potential threats quickly.

Additionally, Internet of Things-enabled devices such as motion detectors, smoke and carbon monoxide sensors, and smart doorbells can detect and alert homeowners to potential hazards or intrusions in real time. Through automation, Internet of Things-enabled systems can also control lighting and adjust the temperature, creating the illusion that someone is home even when they are away. In this way, Internet of Things has made home security more efficient, convenient, and effective.

Energy Conservation

The Internet of Things has helped us conserve energy in our homes. Some ways in which Internet of Things has contributed to energy conservation include:

Smart Thermostats:

IoT-enabled smart thermostats allow homeowners to control their home’s temperature remotely, monitor usage patterns, and make adjustments to reduce energy consumption.

Energy Monitoring Devices:

IoT-enabled devices can monitor and track energy usage in real-time, providing insights into where and how energy can be optimized.

Smart Lighting:

IoT-enabled smart lighting systems can be programmed to turn lights on and off automatically based on occupancy, reducing energy consumption and cost.

Smart Appliances:

IoT-enabled appliances can be programmed to run during off-peak hours when energy demand is low, reducing energy consumption and cost.

In conclusion, Internet of Things has made energy conservation at home more accessible, efficient, and convenient. By providing real-time data and automation capabilities, Internet of Things has empowered homeowners to take control of their energy usage and make more informed decisions about how to conserve energy.

Wearable Technology

Wearable tech has received the most focus in Internet of Things discussions till now. Many wearable devices are in their 2nd or 3rd iteration, with improved designs and more compatibility with other systems. Ranging from sleep monitoring, and hearing aids to tracking physical activity during exercise, wearables have become more advanced. They can link to social media and gather data to analyze behavior and enhance our lives.

The IoT Devices and Mobile App Development

The Internet of Things and mobile app development form a seamless partnership. These technologies work together seamlessly to facilitate communication between machines and humans, leading to improved business efficiency and an enhanced user experience.

The market for IoT is expanding quickly worldwide and is expected to grow from $478.36 billion in 2022 to $2,465.26 billion by 2029. This substantial growth presents ample opportunities for mobile apps to expand their footprint within the IoT.

As various industries embrace digital transformation, the demand for smart connected devices and associated apps continues to grow.

IoT and the mobile app sector are closely linked, with Internet of Things providing opportunities for the app sector to expand into new areas and reach new heights.

The Final Say

If you’re looking for professional mobile app development services to feature IoT devices, hire a company like Hoff & Mazor. Hoff & Mazor is a leading provider of top-quality mobile app development service.

They use the latest IoT technologies and best practices to create apps that are easy to use, intuitive, and engaging.

Therefore, if you’re looking for a partner to help you create a powerful and impactful mobile app, look no further than Hoff & Mazor.

The post The IoT Is Enhancing Our Lives In Many Ways appeared first on Tech Research Online.

The Internet of Things (IoT) continues to expand and become an increasingly integral part of our daily lives. These days, It’s more important than ever to ensure that we practice well-implemented IoT Security. Hackers constantly find new ways to infiltrate and exploit IoT devices, putting sensitive information and personal privacy at risk.

Hence, there is a need to protect internet-connected devices from cyber-attacks and unauthorized access by implementing IoT security. These devices, also known as IoT devices, include smart thermostats, security cameras, and smart appliances.

In this article, we will provide a comprehensive guide to IoT security, covering the most effective ways to protect your connected devices from possible threats. From understanding the common vulnerabilities of IoT devices to introducing strong passwords and transitioning to secure networks. We’ll cover key some IoT device security concepts and effective IoT security solutions.

What is IoT Security and What are The Threats It Protects Us from?

IoT security refers to the measures taken to protect internet-connected devices from cyber-attacks and unauthorized access. These include smart thermostats, security cameras, and smart appliances. These devices, which make up the Internet of Things (IoT), are susceptible to a large range of cyber threats such as malware attacks.

Many of these devices tend to cut corners to reduce costs, which leads to potential vulnerabilities. Naturally, this implies that the manufacturers of these devices have not taken enough steps to protect against IoT threats. As a result, these devices can be easily hack and used to gain access to networks and personal information.

In addition to traditional cyber threats, IoT devices also pose a physical security risk. Hackers can break into connected security cameras and use them to monitor unauthorized areas. Similarly, a smart lock could be hacked and used to gain unauthorized access to a building.

The risks of IoT security extend beyond individual devices and can also impact entire networks. For example, someone could intrude into a network of connected devices as a platform for a coordinated attack. This can cause widespread disruptions, outages, and serious damage to infrastructure.

What Are The 5 Ways To Protect Your Connected Devices From Hackers?

There are many different ways to add an extra layer of security against hackers for your IoT devices. Each way varies in effectiveness and cost. However, we have compiled the 5 that are most convenient to implement and boost your IoT security with actionable steps:

1. Avoid weak passwords
2. Make use of Two-Factor Authentication (2-FA)
3. Ensure that you always have the latest software updates installed
4. Avoid using unfamiliar networks
5. Use firewalls and antivirus software

We will look at each of these IoT device security concepts and effective IoT security solutions in detail. See how IoT security can be implemented in your connected devices to protect yourself from any cyber-attacks.

1. Avoid weak passwords

To start, one of the most effective ways to start working towards a secure IoT ecosystem is to protect your connected devices from hackers. This can be through using strong, unique passwords for each of your accounts. As a general guide, these passwords should be at least 8 characters long and have a mix of special characters.

This goes without saying, but avoid using common words or phrases as your passwords. These include “password123” or “qwerty,” as these are obviously accessible to hackers and do not take long for them to decrypt. Instead, consider using a password manager as a means to upgrade your password security.

2. Make use of Two-Factor Authentication (2FA)

You can take actionable steps to protect your accounts by enabling Two-Factor Authentication (2FA) on all of your accounts. This buffers your IoT device security, by securing your devices across multiple platforms.

This increases your protection for your accounts against hackers, even if they are able to guess or steal your password. For example, let’s say that a hacker tries to log into your online banking account using your password. With 2FA enabled, the hacker would also need to have access to your phone or email in order to complete the login process.

In short, 2FA can provide an important layer of protection for your accounts. To enable 2FA, simply follow the instructions provided by your device or service, most of which are extremely user-friendly and easy to follow. Many popular websites and apps, such as Google, Facebook, and Twitter, offer 2FA as an option.

3. Ensure that you always have the latest software updates installed

One way to boost your IoT security is surprisingly simple and often overlooked. It’s essential to keep your connected devices up to date with the latest patches and updates. These updates usually include fixes for vulnerabilities and other security improvements, so installing them as soon as they are available is important.

For example, even in the home setting, let’s say that you own a smart thermostat that has a security vulnerability that allows hackers to gain access to your home network. If the manufacturer releases an update that fixes this vulnerability, it’s important to install the update as soon as possible to protect your device and your network.

To make this process easier, consider enabling automatic updates for your devices and software. This is a feature that is widely adopted by many products already. This way, you can be sure that your devices and software are always up-to-date and secure.

4. Avoid using unfamiliar networks

When using unfamiliar networks, such as public Wi-Fi hotspots, it’s important to be cautious and take steps to protect your data. Hackers can easily set up fake Wi-Fi hotspots that are designed to steal your personal information and login credentials. It is more common than you would think.

One way to safeguard your information while using public Wi-Fi is with a VPN, or Virtual Private Network. Essentially, a VPN encrypts your internet connection, making it more difficult for hackers to intercept your data. Additionally, it is best practice to refrain from accessing sensitive information or conducting financial transactions on public networks.

For example, it’s probably not a good idea to log into your online banking account or enter your credit card information while connected to a public Wi-Fi hotspot. Unless you really have to process sensitive information on a foreign network, consider using a personal hotspot or a secure, private network whenever possible.

5. Use firewalls and antivirus software

Firewalls and antivirus software are essential tools for protecting your devices and networks from cyber threats.

A firewall is a piece of software that you have most probably seen before on your devices. It is a system that regulates the flow of network traffic based on predefined security protocols. It can also assist in blocking unapproved access to your network and can be an effective way of preventing unauthorized individuals, such as hackers, from accessing your devices.

Antivirus software, on the other hand, is designed to detect and remove malware and other malicious software from your devices. As a widely used software, its popularity has dropped in recent times. However, this can help to safeguard your devices from attacks so it is still highly recommended to have one for your device ecosystem.

To ensure that your devices are protected, it’s important to install and enable both of these programs and keep them up to date. Many operating systems, such as Windows and macOS, include built-in firewalls and antivirus software. You may already have these tools installed on your devices. If not, there are many excellent third-party options available. Just be sure to do your research and choose a reputable program.

How To Better Arm Yourself Against Hackers

A great way to boost your IoT devices’ security from hackers is to educate yourself about the risks and take proactive steps to arm yourself against them. Here are a few ways to get started.

Firstly, a great way to get started is to stay informed about the latest threats and vulnerabilities. This will help you better understand the risks you face and the steps to protect yourself. Consider following security-focused blogs and news outlets, or subscribing to newsletters that cover the latest developments in the field.

Secondly, if you are serious about boosting your security knowledge and skills, consider taking a course or earning a certification in cybersecurity or IoT security. There are many online and in-person options available and we would recommend reading some reviews to see which best suits your needs. This can be a great way to learn from experts and gain hands-on experience with real-world scenarios.

Finally, consider joining online communities or forums where you can connect with others who are interested in IoT security. These groups can provide a wealth of knowledge and support as you learn more about how to protect your devices.

By educating yourself and taking proactive steps to arm yourself against hackers, you will be able to easily identify cyber threats and know the right courses of action to take against them.

Wrapping Up and Conclusion

In conclusion, it’s clear that IoT security is an important and complex issue that requires a proactive approach to protect your devices and data from cyber threats.

Whether you’re a home user or a business owner, there are many steps you can take to better arm yourself against hackers, including using strong, unique passwords, enabling two-factor authentication, and keeping your devices and software up to date.

Furthermore, by educating yourself about the risks and taking proactive steps to protect yourself, you can help to keep your devices and networks safe and secure.

Don’t let hackers get the upper hand – take control of your security today and safeguard your connected devices for the future.

The post A Guide to IoT Security: Protecting Your Connected Devices from Hackers appeared first on Tech Research Online.

With the increasing technological advancements and consumer demands in day-to-day life, everything is becoming intelligent. As a result, things around us have dramatically transformed from wristwatches to mobile devices, cars, and homes.

The next frontier evolution is smart buildings, rapidly transitioning the lifestyle of humans on personal and professional fronts. Due to innovative and eco-friendly infrastructure, the adoption of smart building technology is incrementally rising.

In 2021, the worldwide market size of building technology was valued at $67.60 billion. Concurrently, it could reach $80.62 billion by the end of 2022 and grow to $328.62 Billion by 2029.

Undoubtedly, massive reinforcement is underway! So let’s deep-dive more into it.

What is Smart Building Technology?

Definition : Smart building technology is a digital and intelligent framework encompassing IoT, AI, AR, and Building Management Solutions (BMS).

It primarily aims to:

• operationalize automation,
• generate data analytics, and
• establish consumer-centric experiences & real-time communication in a secure environment.

It also incorporates cost-effective and energy-saving systems that optimize resource utilization. As a result, there is a good demand surge for residential and commercial purposes.

In 2022, there are 45 million smart building deployments globally, that could exponentially rise to 115 million by 2026. On top of it, the massive production and installation of IoT devices for smart buildings are taking place.

Notably, the projection also shows solid growth of 2.5 Billion IoT device installations by 2027. It holds a whooping valuation of $92.88 billion from smart buildings set-up.

Why is Smart Building Technology Becoming Popular?

This technology is developed on a complex framework but is highly user-friendly and offers “convenience, comfort, and safety” altogether. Moreover, it minimizes utility and staffing costs and human error possibilities.

Also, smart technology helps stakeholders increase profitability by:

• facilitating an intuitive, tech-savvy, and ultra-modern consumer experience
• enforcing AI-powered predictive monitoring and maintenance that hassle-free identifies unexpected system downtime, faults, and anomalies
• incorporating a Digital Twin framework that creates a real-time simulation of the physical building and updates periodically (which enables building administrators to manage remotely, control, and map 1:1 accurate navigation)
• downsizing energy costs via the deployment of IoT devices and BMS

Smart Building Technology Examples

Here are the top 5 use cases and examples .

• Office Workplaces

Office workplaces need smart technology to syndicate daily business operations effectively. They require optimal working conditions to fuel efficiency, generate better ROI, and reduce business expenses.

From managing employee authorization to security surveillance, and corporate communications, the technology covers a series of tasks at different hierarchies.

Example 1: Apple Park in Cupertino, California, U.S.

The ring-shaped structural design of Apple’s headquarters is the center of attraction. The environment-friendly architecture can support the daily footfall of 12,000 employees.

Besides, every single operation in Apple Park is automated, driven by human-like capabilities. For example, tubes are installed on the ceilings and floorings to control the temperature and maintain in & out everything cool.

Example #2: Capital Tower in Singapore

Capital Tower is the fourth largest 52-story smart building, owned by CapitaLand Group. Its magnificent and ultra-tech architecture has won Green Mark Platinum Award for impeccable water and power efficiency.

Its features include motion detectors, low-emission double-glazed glass windows, intelligent elevators, and dual LCE (Low Carbon Energy) panels.

• Medical Institutions & Hospitals

Healthcare systems require robust ecosystems to bridge the gap between digital and physical touchpoints seamlessly. They need to integrate patient-doctor chambers, surgery rooms, laboratories, isolators, and AI-powered diagnostics.

Smart building technology can fasten treatment procedures, end-to-end information access, and patients’ journeys with quick data synchronization.

Example 1: Sint-Maarten Hospital in Belgium, Europe 

It is the epitome of intelligent and human-centric healthcare, and utilizes smart building technology and cloud-based energy capabilities.

The hospital aims to foster maximum patient-staff and doctor collaboration and operationalize all processes via automation.

Example 2: Sheba Medical Center in Israel

It is the largest medical institution in Israel, and the world’s best smart hospital, ranked at 13th position globally. Every year, the Center takes care of 1 Million patients using AI & Big Data solutions.

Also, it is a prominent healthcare contributor in the Middle East. The success factor behind this forward-thinking approach is Sheba’s ingenious Accelerate, Redesign, and Collaborate (ARC) program.

• Data Center Companies

Data center companies demand concurrent sync to manage, monitor, store, and visualize data for instant decision-making and forecasting.

This technology smoothly furnishes uninterrupted connectivity from stern to stern, ensuring high-end security and energy efficiency.

It eventually empowers companies with comprehensive and actionable data analytics, reducing power consumption and total cost of ownership (TCO).

Example 1: Worldwide Google Data Centers 

Google data centers establish a perfect balance of reliable storage, data security, 24X7 clean energy, and high performance.

On top of it, the building technology used in these centres fosters carbon-free energy. Google primarily focuses on water replenishment and geothermal advancements with carbon-intelligent computing.

Example 2: Hindmarsh Shire Council Corporate Center in Nhill, Victoria, Australia

The contemporary and elite corporate center subtly illustrates Victoria’s ecological and technological capabilities. The center brilliantly streamlines data operations with less energy consumption.

It includes LED lighting systems, thermal chambers, solar panels,  zoned motion-detecting, crossflow ventilation, and many other smart features.

• Smart Infrastructure and Construction

Consumers and corporations look forward to intelligently connected buildings, energy systems, and industries in the fast-paced internet world.

As a result, real-estate projects are inclining toward establishing smart infrastructure.

Example 1: Oakland City Center, California, U.S.

Oakland City Center is well-known for its greenest premium space. It is a vast hub of business centers, shopping stores, and dining facilities, supported by amenities plus parking services.

It perfectly shows the real-life innovative real estate sphere that efficiently maximizes smart building technology.

Example 2: Duke Energy Center in Charlotte, North Carolina, U.S.

Duke Energy Center is a 51-story high-rise smart building that recycles approximately 10 million gallons of water annually.

It utilizes over 45,000 LED lights to illuminate the building late evening and night. Furthermore, the entire center is integrated into one central network, which minimizes business expenses and power consumption by 22%.

• Smart Stadiums

Smart building technology is transforming the conventional stadium arena.

With the increasing number of mobile devices and OTT, stadiums need to develop something exceptional to revive the field enthusiasm. This is why the brand-new concept of smart stadiums boomed.

It offers hassle-free smart navigation, giant HD screens, live game statistics, supersonic internet speed, personalized fan experiences, and shopping perks.

Example 1: Tottenham Hotspur Stadium in London, U.K.

It is a state-of-the-art stadium with 1641 Wi-Fi access points, 1800 HD screens, CCTVs, and AI-powered point-of-sale systems.

Tottenham Hotspur Stadium improves consumer experience and safety through in-app information. From seat upgrades and food discounts to suspicious activity alerts, it covers a wide range of “smart” facilities.

The exciting part is the stadium’s automated flooring that switches grass field to turf and vice-versa within just 30 minutes.

Example 2: Atlanta’s Mercedes-Benz Stadium in Georgia, U.S. 

The smart stadium outshines with a cutting-edge audio system, 1800 Wi-Fi access points, and 2000 HD screens. Its full credit goes to smart technology integration with traditional infrastructure.

Above all, the fans leverage a 63,000 square feet and 360-degree HD video board that boosts live game engagement on a whole new level. This uplifts bookings and in-stadium sales.

What Opportunities Can Smart Building Technology Provide?

The technology opportunities are endless and continually evolving per consumer and corporate needs. Below are five critical future expectations.

• Detect occupancy to manage energy consumption

The installed smart occupancy sensors and Internet of Things (IoT) applications can effortlessly trace the concurrent footfall and optimize energy usage accordingly.

It is the priority concern of businesses and enables administrators to monitor resources and maximize space utilization.

• Optimize air and temperature quality

Smart building technology can offer a trusted, healthy, and safe environment by constantly tracking air conditioning and humidity.

• Its integrated temperature programming balances cooling and heating systems to automate energy usage corresponding to real-time footfall.
• The centralized Chiller Plants optimize the cooling of the entire building and minimize fuel consumption using live weather information.
• Embedded weather monitoring stations on the exterior measure atmospheric conditions, improve air quality, remove pollutants, and maintains the temperature and ventilation system.

• Control electric loads to prevent power breakdown

The smart-direct load control and automated load-shedding seamlessly manage power distribution. This, in turn, helps administrators to prioritize and sort electrical loads following the current occupancy in the building.

This centralized and innovative architecture saves energy costs and conserves power during peak operating hours.

• Manage water supply system

Internet of Things (IoT) tools and technologies in smart buildings effectively manage the sustainable water supply. The robust smart water devices integrated with BMS generate tamper-proof insights, highlighting water utilization at current locations.

The transparent and intelligent monitoring system proactively detects leakage, upkeeps quality, and recycles water resources.

• End-to-end remote maintenance reducing on-site costs

Smart building technology offers remote preservation that directly reduces on-site high maintenance costs. Because it implements quick Over-the-Air (OTA) updates which save stakeholders (or consumers) time to a great extent.

The best part is: the maintenance process keeps internal real-time communication and data flow intact.

The Bottom Line

Integrating this smart technology into your existing infrastructure can expedite productivity 360-degree. Above all, it exponentially augments occupancy capabilities with smooth functioning, high security, and ease of comfort.

What’s surprising is: the high-tech stack involved in smart building technology seems to be super expensive. However, it is economical, energy-efficient, and scalable. Also, you can get it personalized as per your specifications.

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“I believe that at the end of the century the use of words and general educated opinion will have altered so much that one will be able to speak of machines thinking without expecting to be contradicted.” – Alan Turing 

It seems as if everybody is talking about IoT. The good, the bad, the alarming advent as well as the importance. In the current time where everything is dominated by technology, it is vital for us to understand the importance of Internet of Things (IoT).

Internet of Things or IoT refers to the way of connecting physical objects through the internet to other devices. According to Oracle, more than 7 billion connected IoT devices are currently operating today. In fact, experts anticipate this figure to grow to 22 billion by 2025.

Speaking of its relevance, numerous devices in our home can connect to each other and share information using IoT. As a result, our regular household items can (or are able to) integrate with sophisticated tech to do more. Moreover, IoT is smart tech. Although it is currently in an embryogenic stage, it will, sooner or later, evolve. Who knows we might actually have more than just driverless cars and personal assistant devices like Alexa and Google.

Therefore, in this blog, we will briefly understand the importance of Internet of Things (IoT). We will also have a look at how various industries are benefiting from it as well as what prominent leaders like Elon Musk, Zuckerberg and Bill Gates are saying about it.

Understanding the Importance of IoT (Internet of Things)

Before we dive deep into understanding the importance of IOT, let us first understand its functioning.

How does IoT work?

IoT is a giant network with several interconnected devices. These devices have sensors embedded into them that are capable of sensing their surroundings. Moreover, these devices include appliances like mobile phones, air conditioners, cars, etc., and store information in some form of data.

These embedded sensors constantly emit data about their surroundings and the working information of the devices. As a result, IoT becomes a platform to dispose of all the data collected by the devices. The IoT platform further includes cloud servers and large databases while also acting on the data. Thus, the platform analyzes the data thoroughly for collecting important details. It then sends back instructions based on the provided data.

Finally, the data aggregation is shared with other devices for enhanced performance in the future. It also enables improved user experience.

How are industries benefiting from IoT?

Today, the future of IoT seems huge and bright. This is relevant from the following data:

• According to Business Insider, 24 billion IoT devices were installed in 2020 only.
• ITC anticipated that IoT revenue will be $300 billion in the future.

Based on the above data, we can certainly say that this will help generate a myriad of job opportunities in tech as well as other industries. Here are a few industries that are extensively benefiting from the internet of things.

1. IoT in Manufacturing

With the Industrial Internet of Things or IIoT market projected to reach a valuation of $1.3 trillion by 2032, manufacturers are already a step closer to embracing industry 4.0. Here is how IoT is helping in a manufacturing environment:

• Providing real-time production visibility
• Enabling automated data collection
• Improved productivity and reduction in quality defects
• Decrease in costs

2. IoT in Transportation and Logistics

IoT is greatly helping transport and logistics companies mitigate various challenges by the use of built-in sensors and onboard diagnostic systems. Especially during unprecedented times, like the past COVID-19, IoT adoption soared. According to a survey by Inmarsat, 77% of respondents have fully deployed at least one IoT project.

3. IoT in Healthcare

The global internet of medical things (IoMT) market is expected to swell to a $158 billion valuation in 2022, up from $41 billion in 2017. As a result, IoT has paved the way for more accessible data and better healthcare for patients.

Advantages of IoT (Internet of Things)

Given its extensive application in various prominent sectors, the following are some of the advantages of IoT which is facilitating various industries in embracing industry 4.0:

• Provides businesses with valuable data for generating more revenue
• Boosts employee productivity
• Saves time and money for an organization
• Enables a better decision-making process
• Improves process efficiency, asset utilization, and productivity
• Benefits in real-time insights and analytics to make better decisions
• Benefits people in creating opportunities in business and industries

The above-listed advantages of IoT are just the tip of the iceberg. This is because the applications and implementations of IoT are limitless, from the perspective of innovation and advancement.

(Potential) Threats/Implications of the Internet of Things

Elon Musk once said, “I think we should be very careful about artificial intelligence. If I had to guess at what our biggest existential threat is, I’d probably say that. So, we need to be very careful.”

As predicted by the networking company Cisco, there are 28.5 billion connected devices in the world, as of 2022. Essentially, there’s no household today where we won’t find a single connected device.

However beneficial it might be, there are some potential threats that we should be concerned about. With the increase in IoT devices, there’s an increased cyberattack directed at them. According to Kaspersky Lab’s report, there were three times more attacks on connected devices in the first half of 2018 than there were in the entire of 2017. Previously, in the period between 2016 and 2017, the number of attacks increased 10 times, indicating a troubling upward trend that’s set to become even more pronounced in the coming years as IoT devices become more ubiquitous.

Here is the darker side of the internet of things:

• IoT paves way for data breaches and dependency.
• Although it completes complicated tasks, a huge set of complicated tasks run behind these devices in order to complete the task.
• Most importantly, since these devices are connected to several devices and communicate within a network, there’s no privacy between them on the network.

Above all, among companies working at scale with IoT, there seems to be a wide gap between the top and bottom performers. According to data by McKinsey, 9 practices distinguish leaders from their less successful peers.

So, what are global leaders saying about the internet of things?

Bill Gates says: “If you invent a breakthrough in artificial intelligence, so machines can learn, that is worth 10 Microsofts.” Likewise, Brendan O’Brien says: “If you think that the internet has changed your life, think again. The Internet of Things is about to change it all over again!”

However, Robert Cannon believes, “Everything that can be automated will be automated.” Whereas Parker Trewin believes: “With emerging IoT technologies collecting terabytes of personal data the question is, are we ready to unbutton our online dress shirt while many are still just loosening their collars?”

To conclude with the importance of IoT or the internet of things, in the words of Eric Schmidt: “The Internet of things will augment your brain.”

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According to several predictions by futurists, Artificial intelligence (AI), Edge Computing, and the Internet of Things (IoT) will transform the business ecosystem and operation processes.

It will be more profound than any industrial or digital revolution combined. Today, we can see how these technologies might shape the business ecosystem as the future unfolds before our eyes. In this blog, let’s understand how AI-driven IoT will be implemented effectively and profitably.

The most critical factor in this digitalized world is where the intelligence resides and how it influences IoT architecture.

AI and the IoT both hold futuristic visions as they both are one-of-a-kind innovations; however, what makes them intriguing is the point where they converge.

The applications of AI and IoT are independently interesting, but their joined use holds even more potential. The IoT is getting more brilliant and smart with the fusing of AI.

Specifically, due to machine learning which is discovering insight into data with the help of IoT. AI is making a splash in IoT  with a pile of new products, and an influx of investment due to the ever-rising tide of big business corporations.

Businesses that are currently working on their IoT strategy, assessing a potential IoT project, or trying to get value from a current IoT deployment should explore a role for AI

. The union of AI and IoT technologies is an amazing tool, AIoT, either at the Edge or in the Cloud. The objective for the Artificial Intelligence of Things is innovation to accomplish progressively proficient IoT operations, and upgrade data management, and analytics to improve human-machine interactions.

If AI analytics is actualized appropriately it can change IoT data into valuable data for a better decision-making process. AI at the edge utilizes a compact architecture to drive local data-informed decision-making.

The more brilliant an edge gadget is it can process and store colossal amounts of data locally. This reduces the need for a business to do so somewhere else.

Some basic AI-empowered edge devices for unit volumes include head-mounted displays, consumer and business robots, smart car sensors, drones, surveillance cameras, and others.

Likewise, edge computing can reach out to include the processing intensity of PCs, tablets, mobile phones, smart speakers, and others.

The biggest players in the market including Google, Microsoft, Amazon, and others are effectively putting resources into exploring different solutions for AI-empowered edge computing.

1. Improved Business Operational Efficiency

AI forecasts have proven to be profoundly effective and helpful for businesses to increase their operational productivity.

Furthermore, the in-depth insights acquired through AI can be helpful in improving business processes to expand operational productivity and diminish expenses.

Businesses use precise predictions about time and cost expanding tasks and automate them to increase effectiveness levels.

Additionally, for businesses that are dealing with big-scale planes and ships, the insights acquired through AI can assist them with modifying their procedures, updating the stock on time, and improve equipment settings to save money on superfluous costs.

2. Avoiding Latency Problems

In the case of edge computing, there is no reason for businesses to move data to the cloud for processing as the issue of latency doesn’t exist.

This can quicken the real-time decision-making of businesses for applications such as plane monitoring, autonomous driving, medical imaging, and others. Real-time response is the essence of AI applications that are made by the continuous performance of IoT devices.

3. Predictive Analysis

Predictive analytics implies that the analysis is performed by understanding the existing information to predict the conceivable future.

Presently, IoT devices are being utilized by businesses to accurately predict any incidents or concerns such as equipment failure, and so on, without human intercession. Hence, IoT and AI are the establishments of predictive maintenance.

In any case, businesses that include artificial intelligence in their strategy will enable machines to perform better predictive analysis.

Such businesses will also have an option to identify and work on potential disasters and failures ahead of time.

This will diminish the odds of misfortunes exceptionally as conditions can be identified even before failures. This can prove as tremendous advantages for businesses in sparing expenses and dodge difficulties in their operations.

4. Greater Security

Businesses can maintain a strategic distance from the security dangers of the public cloud. This can be implemented by edge computing as it keeps sensitive information in the nearby IT ecosystem.

Also, an AI-empowered solution will be able to help the business identify inconsistencies at the edge of the system.

In the case of cyber-attacks, attempts to target the system by attacking IoT devices can be quickly safeguarded by executing mitigation strategies.

AI-driven risk analysis can distinguish all the places that can be entry points for cyber attackers. Then is can proactively make plans all by itself to mitigate security issues.

Today, businesses that have already implemented automation such as AI and ML are creating and storing loads of data than ever.

This has created a need for businesses to sophisticated analytics-enriched tools that are agile, flexible, and secure platforms to respond to the changing business needs.

Morden and traditionally business need to invest in an intuitive technology that can sense the needs of the business, users, and employees. It needs to simultaneously respond quickly and seamlessly.

IoT-based platforms are a perfect solution for smart technologies and industry-specific analytics. They not only help businesses expand while focusing on customer experiences.

Analytics and data services are powerful tools that can be used for automation by combined with business intelligence such as AI, ML, and IoT to meet the current market trends. Other advantages of implementing a real-time data management process are:

• It enables data storage and boundary fewer business possibilities
• Businesses can get fast actionable outcomes to scale right
• Its self-serve data discovery helps gain rapid insights
• It improves customer experience by optimizing and automating data stream engines
• It can enable unparalleled visibility and transparency in the systems
• It can analyze and act on important data from anywhere
• It can provide real-time alerts on compliance and helps in fraud risk management
• It gains actionable insights from an ecosystem of a self-learning platform

Conclusion

IoT and AI will change the existing business procedures for good. It will increase automation and in-depth analysis work in industries and organizations.

These enterprises will receive rewards of growth while making enormous profits. Hence, today, the need for importance is to make better strategies for business using AI and IoT or a better future.

The post How IoT, AI, and Edge Computing Will Transform Business Operations appeared first on Tech Research Online.