With the advancement of technology we are moving forward to an era of hyper-connectivity with the help of Internet of Things. IoT comprises of large networks of data-gathering sensors and is based on cloud computing. It is mobile, virtual, and instantaneous connection which is going to make everything in our lives from streetlights to seaports “smart.”
During last months, Germany and other European countries experienced several very strong heat waves making living in the city at that time hardly bearable. It is not only the summer that seemed to be hotter, the whole year 2015 is on track to be the warmest ever.
I recently came across an interesting framework discussing the importance of platform thinking. In an impressive effort, Sangeet Paul Choudary dedicates a whole book to this subject (“Platform Scale“), a weekly newsletter – and in the spirit of becoming a platform as well – its own website (http://platformed.info/), explaining the latest best practises and strategies on how companies can leverage platform thinking and why it is important in today’s world.
The Internet of Things (IoT) is ready to open up a world of possibilities through connecting people, devices and cities; yet the underlying technology and platforms which thread it all together is still up in the air.
The Internet of Things is one of the most important technologies of our time. A market forecast for the segment of the Internet of Things is very optimistic as the number of connected devices in the world is growing at an incredibly quick rate.
Experts in the field of the Internet of Things technologies predict global changes in the traditional processes of our daily lives. Various studies suggest that even now the usual devices are coming to a new level of intelligence and communication capabilities.
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Hitachi Consulting has been given the opportunity to design, implement, and support the City Data Exchange project located in Copenhagen. This Big Data project, the first of its kind, will revolutionize the way citizens, businesses, and public offices gather data and make decisions. The Run Manager will oversee day to day operations of the SaaS solution, changes to the solution and the environment, as well as help forecast its future usage.
The argument is not whether a company like NetSuite has the capability to be the lynchpin in managing Industrial Internet solutions; it is whether mega-businesses perceive similar cloud service providers as big enough.
This may be expecting the company to run before it has learned to walk, but the recent appearance of NetSuite CEO Zach Nelson, presenting a keynote address at an IoT conference marked a point in the company’s development that many large businesses may like to take note of. Indeed, I do wonder if it is possibly more important than Netsuite itself realizes.
The report suggests that demand for increased operational efficiency and associated technologies, such as next-gen sensors, is expected to drive the IoT in the energy market over the next several years.
Internet of Things in the energy market is expected to reach US$22.34bn by 2020, growing at a CAGR of 24.1% over the next five years, according to a new report by MarketsandMarkets.
The report segments the global Internet of Things market by network technologies, services, applications and region.