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Things you need to know about ‘The Internet of Things’

internet-of-things-IoT

Everyone has their definition of IoT: for me, for example, IoT is a system of interconnected computing devices via public or private IP. These devices have the ability to exchange, collect, analyze and transfer data according to instructions given to them, over specific network without human interaction.

 

We are living in a world where Internet of Things has caused a massive transformation in our way of living. Our phones, computers, fridge, machines, cars are the existing proof of IoT. Not only in our everyday life but we’ve seen a strong expansion of IoT in all industrial sectors. Furthermore Gartner predicts that more and more industry players advances step by step towards IoT adoption.

 

According to Forbes, more and more appliances are connected to the internet. Even though, in 2008, there were already more devices connected to the Internet than people on Earth, 87% of people ignores exact meaning and advantages of IoT but if we have a moment to look back in time, we can see that the automatic banknote dispensers were considered as the very first IoT devices. They are actually connected to the Internet since 1974 already!

 

Companies are beginning to understand the value of the IoT (return on investment, efficiency, productivity, etc.), so that sales of IoT solutions for professionals will accelerate to the point that companies will become the number 1 market adoption of the IoT. According to Mr Tully Gartner predictions, this year, 4 billion connected things will be use in the consumer sector and will reach 13.5 billion by 2020.

 

Internet of Things Units Installed Base by Category - Gartner

  • Furthermore, some 10 million ‘smart clothes’ would be connected to the internet. Thinking here of clothes able to control your heart beat or know the amount of liquid (sweat) you lose per day / hour.
  • In 2012, only 10 percent of the cars were connected. For 2020, it is expected that 90 percent of cars are connected to the net.
  • A connected kitchen – which maintains the products therein – allows you to save up to 15 percent annually by telling you, for example, the expiry date of products matured stored init.

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The IoT will certainly have a positive impact on economy and it will certainly create new business models. Data gathered in IoT represent a competitive advantage for companies and with the right tools, organizations can maximize their potential.

 

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Business Intelligence Insights

Business Intelligence development in 2016

Strategic information is often embedded in the volume of data information systems. In addition, these data are sometimes stored unorganized or in unstructured way. The volume of data is growing daily, it is very difficult to treat them and understand their meaning. But access to information, all information, without any delay, that’s what leaders want and that’s what BI is offering. Since past twenty years BI or “Business Intelligence” has seriously made its entry into business. But what is this software solution? Who is it for?

 

In a few words: BI consist to transform data into information in order to predict the future development of any company. This is an IT approach that generates and processes data in order to enable leaders to have a global vision of the results of their business. Those data generated reports provides them a better analysis and understanding of the market. It is a real help in strategic decision making. Gartner findings revealed that the market for BI solutions has an annual growth of 7%.

 

Few years back, the BI was mainly used in financial sector for different departments such as accounting, management control etc. because financial institutions need to support business activities and decisions making in time. But now we all are witnessing a BI technological change and development means providing the opportunity of significant competitive advantage for all organization. Expansion of BI is having such a huge success that now it’s available to any size of organization. Not only in mode but the BI now, is a necessity of all organizations, it represents a real strength of company.

 

Moreover, the growing use of cloud-services clearly indicates that more and more companies choose not to waste their budget in purchase of expensive and complex software. They prefer the affordable price of services available in SaaS mode, simple and quick to implement, without cost to install or setup + access data any moment. These solutions especially have the enormous advantage of being a payback within months.

 

In a company, data presentation tools offered by Business Intelligence are for everyone. Every department will find the tool that suits them best and benefit for its function.

 

  • Management monitors business performance and effectiveness of their strategy via performance indicators presented in dashboards.
  • Analysts literally navigate in information to understand and analyze the highlights of any organization.
  • Finally, employees use structured reports to follow and adapt the day to day operational activities of the company.

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There’s no doubt that the collaboration of these services available in SaaS mode, offers companies the opportunity to create a fluid flow of information. A well-designed BI solution provides a consolidated view of key business data which isn’t available anywhere in the organization, gives management visibility and control over measures that otherwise wouldn’t exist.

 

Cloud computing adoption and growth

Cloud computing -BigData

Cloud computing is an IT approach that relies on shearing computing and application resources over internet rather than having local servers of personal devices to handle applications.

In cloud computing, the word cloud is used as a metaphor for “the internet”, so it’s a type of cloud-internet based computing. This computing approach brings several advantages to organizations by delivering them different services via internet. The most promising advantages are:

 

  • Reduction of maintenance costs of IT infrastructure
  • The rapidity of sharing data with one or more other users of CC. Possibility of creating a collaborative virtual platform
  • A free and open access to the client, which can establish its own connection anywhere and access their data immediately, without going through the establishment of a VPN (virtual private network) in the company.
  • Reduction of energy consumption

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Cloud computing IT infrastructure

In technological terms, 2015 was the year of “cloud”. According to research firm IDC, cloud computing now accounts a third of all IT infrastructure spending. For applications, Forrester suggests that overall worldwide spending on SaaS this year will reach $ 106 billion, about 17% of total spending in enterprise applications.

 

Such high figures demonstrate only the success of cloud computing.  In 2015, we saw the peak of Cloud computing hype with the potential to make any organizations more responsive than ever. The analysis firm Gartner predict how the cloud computing and applications transform enterprise computing in a better way.

 

Today, cloud computing has become essential in the business. The leaders have realized that it is more efficient and profitable for them to assign non-core processes to an external third party providers.

 

Cloud services in their various versions, SaaS (Software as a Service), PaaS (Platform as a Service) offers good opportunities to individuals and companies but still security and privacy continue to be the main inhibitors of cloud adoption because of insufficient transparency into cloud-provider security. Cloud providers need to demonstrate their capabilities to deliver services in a secure and reliable manner.

 

To summarize, We can see that in 2015 Cloud represents a radical change for companies and gain a competitive advantage. In short, more than a buzzword, cloud is a tool that can streamline your business processes and improve them.

 

Sources :

http://zd.net/1KM026q

gtnr.it/1PcuNPP

Big data innovation in the financial technology

Big data in banking sector

 

Did you knew that In Asia and the United States, It’s possible to calculate, within some minutes, the repayment abilities of individuals and small businesses by using their online public data, available information on their social networks and predictive control algorithm based on online data.

 

A new lending San-Francisco start-up “Affrim” founded in 2013 by co-founder of PayPal Max Levchin, helps e-commerce sites and online shoppers by giving the possibility of monthly payment for their purchases. Affrim offers affordable loans and purchasing advantage to Generetion Y, their target audience, because they use to do everything on digital platforms.

 
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Consumers and small enterprises based in the United States, China, Mexico, Colombia are already able to obtain a loan via their smartphones. “Applying for a loan using Affirm is as easy as putting in a shopper’s name, phone number, birthday and the last four digits of their social security number,” confirm Max Levchin. Thanks to big data, online credit acquisition is the second technological breakthrough after online banking.You must be wondering how does Affirm work? Well Affirm has developed a predictive algorithm which combines Big Data and machine learning based on information provided by the consumer or online information data which evaluates the applicant’s repayment capacity. By having access to all bank accounts of applicants, they are able to recover most part of data. “We’ve paid over $ 500 million and until now we haven’t had any default payment”, says Alan Cooper, head of marketing at Earnest, a startup in San Francisco since founded in 2013 specialized in low-cost lending for personal loans and refinance of student loans.

 

This is no secret that Big Data is being used in almost every sector and companies are getting full advantage out of it. Still now many companies are hesitating when it comes to implant big data, simply because they’re overwhelmed by the process of collecting the data via traditional channels, lack of analytical skills and/or unsure of what specifically they’ll be involved with. But don’t worry; Xorlogics is here to help you, with a 4 years proven experience in the field of Big Data, Cloud Computing, Web applications and Resource Augmentation.

 

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Women place in the digital industry

Tomorrow it’s 8th March means International Women’s Day. Perfect timing to talk about the place of women in the digital industry!

 BIGDATA WOMEN

Women associations and groups will meet tomorrow to reward them for their digital initiatives. You must be asking what’s the purpose of this event? Quite simple, these associations aim to increase the diversity and solve gender parity.

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Big Data exhibition 2016

Big Data exhibition 2016

CEBIT – Global Event for Digital Business gather more than 500 exhibitors specialized in Cloud Computing, Big Data, analysis and data collection in Germany.

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