Between 5 and 10 per cent of the budget for greenfield projects such as hotel and office towers, rail and power or industrial facilities are accounted for by electronic low voltage (ELV) and information technology (IT) systems.
The more iconic or critical the infrastructure is, the higher the budget allocated for these systems, which are now usually referred to by suppliers as smart technologies.
The challenges of the Industrial Internet of Things (IIoT) tend to be similar from industry to industry and even across applications. Concerns related to security, integration, reliability and scalability are often perceived as barriers to the deployment of new IIoT technologies. Additionally, data transport options alongside related carriers, hardware OEMs, and cloud platform or platform-as-a-service (PaaS) providers can make vendor selection a daunting task. A clear understanding of these barriers is fundamental to bring clarity to the IIoT.
The Internet of Things is all around us, and every day we’re soaking it in. It is giving the Internet senses for the first time, which will drive us to the future of business technology.
Sensors are a huge part of the Internet of Things—and soon a big part of the Internet as a whole. According to McKinsey & Company, the Internet of Things will make a US$4 trillion to $11 trillion impact in the world’s economy by 2025. As much as $3.7 trillion of that will come from the manufacturing sector, according to McKinsey.
Smart-city technologies will reportedly be worth $27.5 billion by 2023, and the number of smart cities will climb to 88 by 2025, the New Jersey Institute of Technology (NJIT) predicts. As that number increases, the enormous amount of data that smart cities produce will be crunched and analyzed by data scientists to determine how the quality of life can be improved in each city. This will include everything from managing financial resources to fighting crime.
In today’s digital age, there are many people on the quest towards the Internet of things (IoT). Now, a new micro-transaction crypto-token called IOTA looks to facilitate the architecture involved with IoT. However, while IOTA is a "decentralized cryptocurrency" it operates a little differently than those powered by blockchains.
Universal Industries and Enum Software are two IT start-ups of the Dubrovnik Development Agency (DURA) whose members are students. Within the Ideas Factory business incubator, DURA opened the Smart City laboratory where two teams work on pilot projects, for which they have already received awards at the Hackathon competition, reports Poslovni.hr on October 29, 2015.
It is argued that the Industrial Internet of Things (IIoT) will be the largest driver of economic growth and employment in the next decade, generating new revenue streams and markets for companies across all industrial sectors. The IIoT is already here however, with more and more companies adopting smart, connected products and solutions to their existing systems. These solutions offer new opportunities for functionality, reliability and new capabilities that disrupt traditional value chains, and have led to manufacturers across all sectors to rethink the way they do things.
This morning, the Copyright Office decided which of your own devices are legal to investigate, modify, and hack—bringing a close to our year-long saga of legal gunslinging, negotiating, fact finding, hearings, and deliberating over US copyright law.
DIGITALLY CONNECTING CARS to each other and to highway infrastructure promises to drastically reduce collisions and traffic jams. But that wireless vehicular chatter comes at a cost to your privacy: A car that never shuts up may be a lot easier to track.
Researchers at the Universities of Twente in the Netherlands and Ulm in Germany have found that they can use just a few thousands of dollars’ worth of equipment to track a vehicle that’s emitting the so-called “connected vehicle” wireless communications proposed for future vehicle-to-vehicle connections.