The ability to bring internet connection to nearly every type of consumer device will have huge implications for the insurance industry over the next five years. Insurers looking to cut costs, improve business practices, and better assess clients' risk levels, will increasingly invest in the Internet of Things (IoT).
The Internet of Things (IoT) - or Internet of Everything, take your pick - is going to have profound implications in many areas of business, and no more so than how companies interact with their business and consumer customers over the long term.
So says Paul Weichselbaum, a technology industry executive and apparent expert on IoT, in a recent blog posting on the Harvard Business Review web site.
We’ve heard so much about the Internet of Things (IoT) but one topic within the business dialogue that needs to be addressed is how the IoT is disrupting the C-suite. Over the past three years, I have worked with and observed executives struggling to meet the IoT expectations of shareholders and customers alike. Recently I have been working with IoT start-up CEOs and CTOs, both locally and in Silicon Valley, who do not come to the game with what I would call the baggage of traditional product businesses.
NASDAQ: CSCO) recently agreed to buy network security firm OpenDNS for $635 million in cash. OpenDNS hosts a cloud computing security suite called Umbrella, which shields enterprise customers from malware, phishing, bots, and targeted online attacks. The company has a free user base of 50 million and more than 10,000 paying customers.
The Internet of Things (IoT) revolution promises to change the way we live, and there are several Indian-made products that could contribute to it. While India may not have that many successful products in the software space, it is making IoT devices that are comparable to any in the world. Its large talent pool of mobile app developers is helping create interfaces between products and users.
It helps that companies such as Intel, Cisco, Broadcom and MediaTek are making open-source hardware that companies can use to launch IoT prototypes.
Internet of Things or IoT. This buzzword has been floating around for the past few years, but what does it actually mean? Here’s a quick summary:
Today, every product (or “thing”) has its own IP Address, allowing it to reside on the Internet and connect to other “things.” These connections allow communication between products and their manufacturers, products and their owners, and between products themselves.
Wireless networking is rapidly pervading society, not least in China, where allied topic RFID is lifting off very rapidly. It follows the world's largest RFID order, that for the National ID cards of China, and other big orders such as library tagging in three cities dwarfing all other library tagging in the world. The unique new IDTechEx report RFID in China 2015-2025 reveals that the Chinese RFID market will jump to around $4.3 billion in 2025, powered by sales into the transportation/automotive and financial/security/safety sectors.
I see purposeful obfuscation and lack of transparency on the part of companies. Understanding is easier when a company is interested in telling me what they are doing with my data first, then interested in making a profit second.
‘Healthy Ageing’ is one of the greatest social and economic challenges of the 21st century. One that concerns all of us and one that should to be supported by our society… with the help from our friends, the robots! * makers, coders, designers, developers, entrepreneurs, (data) scientists, caretakers, (IT) architects, researchers, students and kids.
From the connected vehicle to wearable devices, there is growing recognition that the Internet of Things will change our lives. But perhaps more important is the rise of the Industrial Internet of Things (IIoT).
Defined as the rapidly expanding network of connected smart devices and objects, the IIoT enables huge amounts of data from physical objects to be used to automate tasks or generate new services. It will also mean greater personalisation of customer experiences, generating new business opportunities as a result.
GENEVA, Switzerland, July 2 (UPI) -- The United Arab Emirates has been named president of the Internet of Things research committee of the United Nation's International Telecommunication Union.
Engineer and UAE representative Nasser Al Marzouqi will be the committee's chairman. Saudi Arabia, Russia, Japan, Spain, South Korea, Argentina, Italy, and China were nominated as the committee's vice-chairmen.
If you feel like you're getting barraged by hype surrounding the Internet of Things—essentially sensors connected to networks—don't worry, it will be worth it.
All that hype is actually understated, according to a new report.
The IoT is going to be worth more than any of us thought, the report implies. That report, published by McKinsey Global Institute, says the "potential economic impact" of the IoT will be "$4 trillion to $11 trillion a year" by 2025.
In a previous post, I discussed the Google announcement of Brillo and Weave and briefly touched on the notion of privacy, which was in the headlines because of a recent speech given by Apple CEO Tim Cook, where he “lashed out at Internet giants and government, calling them out for undermining constitutionally-guaranteed rights to privacy." Technology and the concept of personal privacy have historically been intertwined, and with the emergence of the Internet of Things (IoT), the notion of personal privacy will be tested yet again.