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One of the key components of IoT, as it can be imagined, is sensors. We are actually living in analog environment and in this point sensors have quiet effective role to convert our environment to digital bits, reason of which the world is now under effect of digital transformation. Sensors to achieve this transmit, analyze, store and forward data. To complete this process, sensors require memory, microcontrollers, networking chipsets and off course the power. Moreover, with sensors, technologies to store electrical energy can be cheaper and more efficient.
Due to the importance level of sensors as a part of IoT technology, Gartner is in need of conducting a research about it by separating them into parts according to usage area. According to this research, there are ten different sensor types and in 2020 sensors will generate $10 billion in revenues. Among sensor types, inertial and imagine sensors are the most and common ones.
For details, you can look at the graphic below:
"McKinsey Global Institute : the Internet of Things Has the Potential to Create Economic Impact of $2.7 Trillion to $6.2 Trillion Annually By 2025"
Internet of Things as the biggest improvement today has enormous economic impact forecast from different perspectives such as industry, health, education and energy. According to McKinsey Global Institute study, IoT has the potential to create economic impact of $2.7 trillion to $6.2 trillion annually by 2025. Based on the result of that research, it may be argued that the largest impact would be valid in healthcare and manufacturing.
In addition to that IDC and Telus has been conducted a survey in Canada in order to find out IoT deployment, importance and benefits. 209 large and medium size companies were attended this survey in early 2014 and some important result has been obtained related with role of IoT for the future. Some significant results:
For detail information, please look at the pie chart below. You will see what the usage areas of IoT are basically in there:
According to Gartner estimation IoT product and service suppliers will generate incremental revenue exceeding $300 billion in 2020. Internet of things as the most important technological improvement today is effective in many and different areas such as industry, energy sector, daily life and security. Based on the research of Woodside Capital Partners (WCP) 2016, there are three major categories; security, energy management and automation which will grow over the next several years. Related with security, as it is known, smart home technologies are one of the important headline. Thanks to smart technologies, your power over things such as energy management and security continues to rise like smart home technologies. Even from far away from home, you can control your lighting or heating system, your bulbs and locks. In that way, you can save money from energy management or you can go vacation without feeling any apprehension.
To sum up, it can be said that interest of smart home technologies is high and it will continue to grow. Details of this argumentation you can examine the graphic below:
Bob O'Donnell who is the president and chief analyst in TECHnalysis Research conducted a survey on March 2016 related with Internet of Things. For this research, online survey was used and 620 US-based individuals working in medium and large size companies attended.
In the end of the research, O’Donnell has got many valuable findings such as;
On the other hand, here we will focus on goals of IoT usage and how money can be saved by using IoT. According to research, there are three main goals of IoT which are saving money, making money and improving process/innovation quality as you can see below:
In addition to that how through IoT an enterprise or company can save money is another important issue. There are 5 main ways to save money according to O'Donnel's research that are:
According to Blanter A. and Holman M., Internet of Things is seamless combination of embedded intelligence, ubiquitous connectivity, and deep analytical insights that creates unique and disruptive value for companies, individuals, and societies. In that respect, they conducted a research about Future of IoT as Internet of Things 2020: A Glimpse into the Future.
Based on their research, it can be argued that many valuable results has been obtained in terms of place of IoT in business and global economy and also its potential, ways of use. Among them one of the important findings is that by 2020 IoT will impact close to 6% of the global economy. IoT hardware, software and services will generate an additional $344B in revenues by 2020.
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"DVM Showcased Its Newest AR Application Running on ThingWorx IoT Platform at Gitex"
Augmented Reality is such a revolution in business because it turns your environment into digital interface by placing objects in real world and real time. Every technological improvement is a plus for business sector; on the other hand, augmented reality (AR) is more than that since it offers new ways of doing business for entrepreneurs such as enhancing day-to-day business operations. In addition to that AR gives users an opportunity for graphical enhancements to their real time, physical environment rather than creating new environment.
DVM showcased its newest AR application running on ThingWorx IoT Platform at Gitex. DVM retrofitted a standart espresso machine and transformed it to a smart and connected product. Customer's can engage with the espresso machine by their cell phones and set up events to trigger the machine. Through AR, customer's can see the vital values of the espresso machine, user manuals and maintenance tips. DVM can retrofit existing devices or provide OEMs technical knowhow to make their products smart and connected.
"McKinsey Estimates the Total IoT Market Size in 2015 was up to $900M, Growing to $3.7B in 2020"
It can be argued that today's the most important technological development is Internet of Things for all over the world. The reasons of this situation are changing life and business condition in every aspect. Thanks to IoT Solutions, getting real-time based data is possible and which has quite significant role in business life. Thus, many significant and big companies have been adopting this new solutions using sensor-based data and creating rich data sets. One of the important example for that is Lufthansa which is using sensor-driven strategies such as real-time aircraft, airport and weather sensor data. In that way, Lufthansa offers better solutions and services to its customers. Based on this perspective, increasing interest of IoT is actually inevitable in global scale.
According to McKinsey's research, Internet of Things market size in 2015 was up to $900M and it will grow $3.7B in 2020. Internet of Things Solutions has an economic impact of 2.7 to 6.2T until 2025.
For the details of the research, look at the graphic below:
"IoT will grow 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025"
Internet of Things Technology has been continuing to grow unceasingly. IoT and IIoT developments are quite important; therefore, finding many valuable data about that is possible and easy. Many significant and big companies have been adopting this new solutions using sensor-based data and creating rich data sets. One of the important example for that is Lufthansa which is using sensor-driven strategies such as real-time aircraft, airport and weather sensor data. In that way, Lufthansa offers better solutions and services to its customers. Like this example, IoT using rates will grow dramatically to propose better solutions to people, industries and businesses.
IHM predicts that IoT will grow 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025. For details you can look at the graphic below:
"45% of Developers Think That IoT Development Is Quite Important For Digital Strategy"
Evans Data Corporation Global Development Survey published a research on June, 2016 related with the most popular industries in 2016. The methodology was based on interviews with developers. In global scale, 1441 developers answered the survey in that respect and much valuable information was obtained.
Based upon this research, the three most popular industries which app developers are focusing on are machine learning, robotics and internet of things. Attention rate of IoT is 47.1% according to this research whereas robotics is 56.4 %.
For details please check over the graphic below:
"According to PwC's 6th Annual Digital IQ Survey of Nearly 1,500 Business and Technology Executives, the IoT Interest is Arising"
Internet of Things is continuing to be part of our lives in every aspect- from refrigerators, coffee machines to industries-. Its capability has been expanded into digital fold and everyday subjects, which situation is evidence that IoT will make multi-trillion dollar industry in the near future.
Even if scope of IoT is extensive or it contains many different solutions in its entirety, thinking IoT without sensors is not possible because sensors can detect and measure changes in such position, temperature, lights as. Therefore, it is clear that sensors may represent the most important part of IoT today from that point. Based on this argument, it may be stated that sensor investments are early indicator of IoT's progress. And according to PwC's 6th Annual Digital IQ survey of nearly 1,500 business and technology executives, the IoT interest is arising.
Based upon this investigation, you can find top 10 industries investing in sensors:
What world has been waiting for are Internet of Things technologies that can be evaluated as revolution. Reason of this situation is the wireless technology to connect people, locations and objects to the internet. That is why; every field of the business should embrace IoT solutions in order to be successful like Marketing ROI.
There are the most important 4 ways IoT effect to Marketing ROI and which are:
Consequently, all of the statements above are the indicators that IoT provides better RIO on marketing strategies.
In today's world, IoT technologies have important role for almost every field of life such as industries, business and healthcare. Also, its effects will be much more influential in the future. Internet of Things offers new solutions, tools, connection for hospitals and healthcare; for instance, most of the hospitals today are using IoT to control and manage the humidity and temperature of the rooms.
According to Patel (2016), there are 6 the most important advantages of the IoT for hospitals and healthcare, which are:
In conclusion, as it can be seen that IoT is very important for hospital and healthcare to improve outcome and quality of the treatments. That's why, it is expected that IoT technologies will be much more common in every industry, especially in healthcare industry in the future.
As it is known, IoT is the focal point of the whole world today and in fact , this situation will continue to increase in the future. On the other hand, in this point, it has to be asked that what the reasons for this focus are. Internet of things offers uses - not only business men but also ordinary people- many advantages and makes their life easy, which may be one of the important reasons why IoT grows rapidly.
There are so many reasons for growing attention of IoT Solutions. Some of these reasons can be decreasing cost of the storage, processing and material or the third platform with the cloud, big data, smart technologies or devices. Furthermore, for industrials IoT technologies are quite significant because of saving cost and raising efficiency. Companies can find new opportunities thanks to IoT and in this way they can obtain much more surplus value. In addition to business, IoT is useful for ordinary life conditions. For instance, connected car technologies or smart home applications can make ordinary people's life by offering remote control possibilities.
Gartner's latest Hype cycle for emerging technologies shows that Internet of Things is at the peak of expectations. For details you can examine the graphic below:
For Full Article: http://www.i-scoop.eu/internet-of-things/
IoT has spread over the whole world as a crucial part of digital transformation. In Networked Society by connecting "things" and providing them "smartness", the new world understanding has emerged. Today not just mobile phones are connected to Internet but everything! According to Mobility Report of Ericsson, in end of 2018, we will live in IoT dominated-world.
For details of Ericsson's Mobility Report:
Thanks to IoT Technologies, new solutions based on connectivity of things will arise such as for industrials, cities and service providers. When we look at some today IoT Solutions, it is possible to see some critical examples related to IoT applications from different parts of the world. These examples will help you to understand how IoT will change the world.
Crime rates were quiet high in São Jose Dos Campos City, Brazil; therefore, authority gave attention to this problem to create much more livable city. For that reason, public authorities have received benefit from Emergency Response&Traffic Management Control Solution to get real-time information like GIS, vehicle tracking and traffic system. Thanks to this solution, arresting criminals has become easier and also homicide rate was reduced 18%.
2. Connected Water: Keeping our water supply safe
Safe water sources are fairly significant issue for the health of the people; however, supplying this kind possibility is not cheap for governments. On the other hand, In Georgia thanks to Connected Water Solution it is possible to reach real-time abnormal conditions of water with low-cost.
3. Connected Buildings: Improving efficiency, utilization and convenience
Smart Buildings is one of the crucial parts of the IoT Technology. Thanks to these solutions, adjusting temperature, air quality, humidity or ventilation of building is possible and quiet simple. For instance, you can save money only by controlling temperature of your apartment from far away your home.
In conclusion, although these solutions are not enough to explain the benefits of IoT ; they have crucial role for lifetime of the world. By making them real, we can save money, time and especially life of human being and world. Internet of Things has immerse impact today but its importance will be higher in the future.
For Full Article: http://www.iotworldnews.com/author.asp?section_id=496&doc_id=727192&
"57% Small Businesses Think that IoT Technologies Have Massive Effect on Their Buttom Line"
IoT Solutions can be evaluated as beneficial for just large companies; however, which does not reflect the truth. Internet of Things is also advantageous for small businesses. In fact, the most small firms are aware of this situaiton and that's why, they have been trying and considering being a part of it.
According to AVG Survey, approximately 57% small businesses think that IoT technologies have massive effect on their bottom line. Moreover, there are three ways the IoT can improve their bottom line. These ways are reduce operating cost, increasing productivity and expanding to new markets or developing to new products offering. These advantages can be an important step for small businesses in order to enlarge its finance and so business partnership.
BI Intelligence expects that business investments in IoT will grow from $125 billion to $832 billion until 2020.
On the other hand, that is not all. IoT has crucial role not only in business but also in daily life. The Internet of Things will change healtcare, finance and transportation.
For detail information you can examine the graphic below:
"Internet of Things will affect every business at a fundemental level"
Even if IoT Tehcnologies are effective today, its prevalence is not enough yet. In our day, not whole world takes advantage of IoT applications; on the other hand, this situation will change within 3-5 years.
Especially, in business IoT has quiet significant impact because improvement in business is directly related with Internet of Things. According to Bernard Marr, there are 3 key way that IoT solutions will change every business. These three ways are:
Internet of Things means actually "thinking bigger". People not anymore want to use phone just making calls. In time, everything will be smarter such as cars,roads, infrastructure etc.
In fact, Internet of Things will affect every business at a fundemental level.
IoT as newly emerged technology has many effects in business, industry and also our everyday life. Even if not all people are aware of how it can used in their daily life, its impacts can be seen easily today. Internet of Things which is related to technologically advanced objects can transmit information and sense; also monitor and react to human behavior.
Even the world does not totaly adopt this new tehcnology, here you can see according to Aldullahi Muhammed 5 ways of IoT impacts in everday life:
Our dream is to more connected world than today. In that way, the life will be more easy and comfortable to live.
Healthcare is inevitably the major issue for all people and as you know problems about it continues to surge. On the other hand, thanks to IoT technologies, there is a possibility to solve problems in that respect. Today, firms prefer to use cloud computing networks and connected devices to improve healthcare system.
According to Price Waterhouse Coopers, connected healthcare system will grow $61 billion by 2020 which means that annual growth rate will be %33. In fact, connected healt devices is expected to grow $14 billion and connected services are going to expand $45 billion until 2020. If all of these predictions will become true, healthcare ecosystem will be beyond what people are expected.
How will IoT make contribution to healtcare ecosystem?
Basically, it can be stated that IoT can provide customary applications to patients, especially having chronic illness. Patients can reach special treatment through their mobile phones, medical devices or other wearable devices.
Connected healtcare services promise people to provide self-management while reducing the cost of treatment.
Technological developments always effetc the companies, trade enterprices etc. On the other hand, it should be stated that IoT technology is beyond the expectations. Through IoT, everyday consumers are going to have access to "smart" versions of conventional appliances, from coffee machine to their cars by using their mobile phone. This development creates off course immense excitement such as in industries, homeowners.
In despite of the all of newly cretaed advantages of IoT, it will lead to many changes Online Marketing and SEO. Jayson Demers has explained possible 6 effect of IoT in this respect which are:
However, some conditions have to be prepared for that all of these predictions become true. For example, the first assumption in this scenario is the popularity rate of IoT will increase dramatically. What he means here that it is inevitable that IoT tech. will affect all part of the our everyday life; yet it will cause some significant changes in Online Marketing and SEO.
" What Stands Between Customer and Purchase Order is Sales Person. That is about to change radiply and dramatically by Internet of Thing or IoT for short"
Sales person is kind of bridge between customer and purchase order. When you examine the past, it is clear that sales person has to have deep understanding of industry, products, customer needs, market trends. In this line, the core is relationship between sales person and customer; that's why, the former has significant role in that respect. On the other hand, technology has changed the understanding of sales person today. Thanks to IoT Solutions, devices and machines have started to send purchase order automatically that lead to be removed the need of sales person for industries. It means that IoT disintermediates B2B account management.
"Sales Person is out of the picture"
IoT will change the definition of sales success back 60 years when deep relations was valuable. Success will be defined as long term value, as defined by customer. In the future, machines with the help of IoT can give purchase order for inventory, replacement parts and repair services directly to vendor computers without need of any sales person.
In summary, it can be said that with Internet of Things or IoT for short the door of new world has been opening.
2016 is suitable timeline for continued evalution around not only application of sensor of things but also whole forces and entities in connected world. Harbor Research has defined 18 top trends and movements in 2015 that will help us to understand IoT in 2016.
As you can see in graphic, 2015 is quite important year for Internet of Things (IoT) space:
Based on data of 2015, analysts at Harbor Research have stated the top 18 trends and movements last year which are:
"IoT is the Most Important Solution for Biotechnology, Consulting and Advertising"
According to Data of Dresner Advisory September 2016 The Internet of Things (IoT) and Business Intelligence Market Study, today many companies from all over the world have started to adopt and accept IoT Solutions in their industries. Besides biotechnology, consulting and advertising among all industries manufacturing, distribution, supply chain management and marketing are the main industries to gain effective results thanks to IoT.
You can find detailed graphic below:
"Sales and Strategic Planning See IoT as the Most Valuable Today"
Dresner Advisory 2016 The Internet of Things (IoT) and Business Intelligence Market Study was published on September. According to this wide spectrum of research, the rate of IoT use regardless of size of the companies continues to increase. It is possible to see that in terms of respondent's initiatives and strategies the use of IoT Solutions are quite widespread. One of the important results for this study is that:
Sales and Strategic Planning See IoT as the Most Valuable Today
In sales, from start-ups to large-scale companies the use of IoT Solutions are quite high with regards to launch business model and derive revenue. In addition to that IoT for strategic planning has long-term priority in order to capitalize technology's inherent strengths.
You can find detailed graphic below about IoT Importance by Function:
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" Smart Home is The Most Prominent IoT Application In Respect to Google, Twitter and LinkedIn Search"
What do people know about IoT applications?
This is actually one of the significant question for companies because producing and improving are not sufficent phase; what people want is the other phase of the development. To measure that a research had been conducted and its results are worth to pay attention. According to that, measurement scala here is which applications people are searching more in Google, Twitter and LinkedIn. Unsuprisingly, the most popular IoT Solution is smart homes. More than 60,000 people search the term "Smart Home" every month.
What about other IoT Applications?
These are in order of Wearables, Smart City Smart Grids, Industrial Internet, Connected Car, Connected Health, Smart Retail, Smart Supply Chain, Smart Farming.
For details, you can look at diagram below:
For Full Article : https://iot-analytics.com/10-internet-of-things-applications/
"According to IDC, 31,4% Organizations Using IoT Solutions and 43% of the Rest Planning to Get Benefit From IoT in a Year"
According to International Data Corporation (IDC), almost the third of the respondents have utilized from IoT solutions and %43 of the rest are seriously thinking about using IoT in next 12 months. In addition to that %55 of respondents consider that IoT Technology has presented a lot of advantages to the companies.
What are these advantages?
First of all, improving productivity, reducing cost and automating internal processes can be evaluated as main benefits of IoT solutions. Moreover to them, it can be said that saving time especially when you control big data and saving money, efficiency, tracking can be observed as other advantages of the IoT.
For these reasons, it can easily be stated that deployment of IoT solutions are increasing fastly in our day.
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"Based on Firm Sizes, Comparison Between IoT and Other Tehcnologies In Terms of Using Rates"
According to conducted research about IoT using by CompTIA, although IoT technology is quite new, it is fact that using rates when it is compared with other technologies such as robotics or artificial intelligence are much more active and effective. In addition, it is possible to observe that regardless of firm size Internet of Things (IoT) is effective in almost every sector and its using rates are increasing gradually.
For detail information, you can examine the graphic below:
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LiveWorx: 10 PTC Partners Cashing In On IoT In The Enterprise
DVM uses PTC's ThingWorx Internet of Things platform to offer end-to-end solutions on energy,logistics and retail verticals, as well as consulting services and gateway design and production capabilities. DVM also has a team of engineers designing dashboards for customers to visualize the big data collected and analyzed as a part of Internet of Things solutions.
IoT Application Example: DVM worked with Aksa, which wanted to monitor its 17 power plants from one system, even through tubines and SCADA system suppliers did not work together natively. DVM's IoT solution allowed all plants to be monitors on a responsive map with real time production values.