IoT business is booming for companies in all sectors, driving innovation and opening up new revenue sources. But as they race to join this digital gold rush, organizations need to ensure they don’t fall foul of IoT security threat
As the number of devices connected to the Internet of Things rises exponentially (it stood at some 78 billion by the end of 2018 alone), so the potential applications of this technology multiply across many sectors. In parallel, automation is driving businesses and innovation forward – but there is a risk that some organizations are automating sales processes just for the sake of doing so, with no real understanding of the benefits that a well-thought out process can deliver.
What if urban parking were as simple as being guided to a free space, with little or no waiting time, while making savings on fuel costs and emissions? This is already a reality, thanks to innovative smart city parking solutions such as Comarch Smart Parking.
The Internet of Things is by no means a single entity. According to IoT Analytics , this network consisted of seven billion devices in 2018, and is set to increase more than threefold by 2025. Obviously, the IoT is a powerful tool, but will deliver real rewards only with integration, automation and flexibility.
In the Internet of Things, artificial intelligence and machine learning might look like the difference between success and failure for a business. Broadly speaking, that’s correct – but only when these technologies are used wisely in conjunction with human skills and know-how.
AI and IoT are driving great advances in the way that organizations in many sectors deliver – and think about – their services and products. It’s therefore worth looking at what this combination can do for your business… but beware of jumping in and deploying these technologies “just because they are there”.
We’ve already seen the first public 5G telecommunication deployments, and the 2020 global roll-out of this revolutionary technology is almost upon us. With the higher speeds and greater bandwidth that this will bring, 5G represents a major opportunity for telcos in terms of new and increased revenue streams.