How the Internet of Things affects all innovators

Just a few years ago (2013), futurists predicted the importance of the mobilization of everything. Today, it is hard to imagine that without a certain degree of mobility strategy, companies can sustain growth.

So, who is the changer of today’s commercial games? That is the Internet of Things, the English abbreviation "IoT". Simply put, the Internet of Things means that objects communicate with other objects without the intervention of human factors. By 2020, this will be a $14 trillion industry, not a fashion trend. From sensor production and installation, to data collection, management and analysis, to data security, it is hard to imagine an industry that is not affected by IoT technology.

How the Internet of Things affects all innovators

So what impact will the future of an Internet of Things Internet have on your current company? The following examples can help you have a quick understanding and understanding of the Internet of Things:

1. Understand the difference between industrial Internet of Things and consumer Internet of Things

You may have heard about the application of the Internet of Things in the home appliance industry. For example, when the inventory of a particular item in the refrigerator drops to a certain amount, the Internet refrigerator can communicate directly with the automatic replenishment and logistics system of the convenience store, automatically implementing replenishment and delivery operations, which will enable the previous rely on the pen. The work of paper, paper and manual operations has become history.

The Internet of Things will have an important impact on our daily life and civilian market industries. At the same time, the Internet of Things will have a real potential impact on industry. For example, the application of IoT technology in the energy industry, agriculture, transportation and manufacturing will bring huge efficiency improvements and process simplification effects.

Furthermore, with the application of Internet of Things technology in cities, a new and innovative technology characterized by automatic mutual communication between devices extends from the daily life of the people to urban management, and ultimately to citizens, residents and tourists. Incorporating it will create a smart urban ecology.

2, follow the ideas of the masters

There are many experts who talk about the Internet of Things from all angles, from consumers to industry to the municipal sector. As the industry changes faster and faster, it is very effective to look at the industry's concerns from social networks. Stacey Higginbotham's "Stacey on IoT" covers a lot of information about the Internet of Things, including articles and podcasts. Scott Amyx is another expert and often publishes the most cutting-edge arguments about the Internet of Things.

Industry publications, webinars and conferences are also a great source of knowledge, creating opportunities to interact with people who work and innovate in this field. The Global Internet of Things Summit is held in Geneva from June 6th to 9th each year. If you feel that Geneva is too far away, then the "Smart CiTIes Connect Conference & Expo" in Austin from June 26th to 28th will provide you with an opportunity to learn about the application of IoT technology in the private and public sectors. Other large technical conferences, such as SXSW and CES, include topics related to the Internet of Things.

3. Make full use of existing resources to carry out IoT work

The Internet of Things will fundamentally change the existing technology framework, but we have no reason to scrap the previous technology in order to implement the Internet of Things. Conversely, by carefully studying your existing products and increasing their current connectivity levels, it may be helpful to solve problems caused by unconnected. For example, FreshSurety is an early-stage startup that monitors the entire product shipment by adding sensor technology and keeps the product fresh to reduce farm-to-table wear. According to statistics, nearly 30% of the current $600 billion related businesses in the world are lost during transportation.

In addition, the Internet of Things collects a large amount of data by connecting various devices. This data must be stored in the cloud, secure, analyzed, and shared. There are already mature companies that have implemented this series of key technologies, and we should make full use of these mature technologies in our business. For example, Spark CogniTIon, founded in 2013, created an artificial intelligence analysis platform for IoT data streams that provides customers with business insights that increase the efficiency of manufacturing and security operations.

You may have realized that you have reacted too slowly to the hard and fast benefits that the Internet of Things has achieved, but there are still many people who don't really realize the value of the Internet of Things. According to a survey of the “Manufacturing Core Factors” of the International Manufacturing Enterprise Solutions Alliance (MESA) in 2016, about 20% of the 4,000 people surveyed stated that they did not know about the Internet of Things. However, this figure has been reduced by half compared to the previous year.

In the next 12 months we will see the explosive growth of the Internet of Things project. The hype about the Internet of Things will continue to ferment, and the benefits of the IoT project are becoming a reality. Just like the general trend of the mobile Internet, from "coming soon" will quickly switch to "change everything." Are you ready to make the most of the Internet of Things technology?

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