Internet of Things

text-icon

http://brightstartravel.com.au/?author=5 Internet of Things (IoT)

http://jkzoo.cz/.remote Empower Your Digital Transformation with Prodware’s Internet of Thing Solutions

http://vboda7.org/calendar/?time=day Connected Things – a Billion Dollar Market

According to Gartner, Inc., 6.4 Billion “Things” were installed worldwide by the end of 2016.

The Internet Of Things, or IoT as it is fondly called, is quickly changing the businesses of today. It is poised to be one of the most disruptive technology wave in the coming years, with mind blowing opportunities for businesses.

Gartner forecasts that 8.4 billion connected things will be in use worldwide in 2017, up 31 percent from 2016, and will reach 20.4 billion by 2020. Total spending on endpoints and services will reach almost $2 trillion in 2017. About 63 percent of the things installed in 2016 were Consumer Applications with 3.96 billion installs. The applications that will be most in use by consumers will be into automotive systems, smart TVs and digital set-top boxes. This figure is forecasted to soar to 5.2 billion in 2017 and 12.86 billion by the end of this decade. Business are not much far behind. Smart electric meters, commercial security cameras sre some cross-industry business application. Besides smart meter, applications tailored to specific industry verticals like manufacturing field devices, process sensors for electrical generating plants and real-time location devices for healthcare will drive the use of connected things among businesses with 1.6 billion units deployed through 2017. However, from 2018 onwards, cross-industry devices, such as those targeted at smart buildings like HVAC, physical security systems and LED lighting will take the lead as connectivity is driven into higher-volume, lower cost devices. In 2020, cross-industry devices will reach 4.4 billion units, while vertical-specific devices will amount to 3.2 billion units.

is it legal to buy cytotec online Table 1 IoT Units Installed Category vs Years (Millions of Units)

Category 2016 2017 2018 2020
Consumer 3,963.00 5,244.30 7,036.30 12,863.00
Business: Cross-Industry 1,102.10 1,501.00 2,132.60 4,381.40
Business: Vertical-Specific 1,316.60 1,635.40 2,027.70 3,171.00
Grand Total 6,381.80 8,380.60 11,196.60 20,415.40

 

Table 2 IoT Spending by Category vs Years (Millions of US dollars)

Category 2016 2017 2018 2020
Consumer 5,32,515 7,25,696 9,85,348 14,94,466
Business: Cross-Industry 2,12,069 2,80,059 3,72,989 5,67,659
Business: Vertical-Specific 6,34,921 6,83,817 7,36,543 8,63,662
Grand Total 13,79,505 16,89,572 20,94,880 29,25,787

Although the share of Business applications in the overall adoption of connected things is less than the general Consumer applications, the Business applications generally spend much more on connected things. In terms of hardware spending, in 2016 the Business applications spent 846 billion US dollars while the consumer applications spent 533 billion USD. This figure is projected at 964 billion US dollars for business applications and 725 billion US dollars for consumer applications. It is forecasted that the consumer application of connected things is poised to grow at a faster rate than the business counterpart. The consumer application of connected things will eventually outgrow the business application by 2020 with an estimated spending of a whopping 14 billion US dollars.

Key Highlights of Oracle Digital (IoT) Solution are:

  • Asset Lease / Rent / Buy Decisions.
  • Asset Utilization Optimization
  • Inventory Optimization
  • Operations Scheduling
  • Building Best Practices Set
  • Reducing Time-to-Value
  • Integration with Traditional ERP Systems
  • Client Process-specific Low Investment Solutions
  • Faster Time-to-Market with Ready-to-Deploy Solutions
  • Creation of an Interconnected Value Chain
  • Enabling Intelligent Flow of Information to Transform & Optimize
  • Remote Monitoring and Maintenance

Our Expertise

  • Understanding our clients Business Problem and Enabling Resolution through IoT solution
  • Enabling Smarter decision making by leveraging real-time analytics for executive decisions
  • Deep seated business domain expertise helps to design disruptive solutions
  • Optimize key business areas to enable consolidated view across business lines and functions regardless of the locations
  • Deep seated business domain expertise helps to design disruptive solutions
  • Rapid Prototyping of ideas, makes easier for users to reach common vision faster, thus saving time and money in development.
  • Optimize key business areas to enable consolidated view across business lines and functions regardless of the locations.
  • Rapid Prototyping of ideas, makes easier for our customers to reach common vision faster, thus saving time and money in development
  • Enabling Smarter decision making by leveraging real-time analytics for executive decisions

The Prodware Advantage

At Prodware, we have invested a lot of manpower and resources into providing solutions for the Internet of things and this at a very early stage of the IoT revolution. We therefore reap advantage of being the early bird with cutting edge hardware and quality software solutions in the connected things space. We leverage our niche in Manufacturing, Utility and Engineering to tailor smart connected devices solutions for your business. We provide a range of solutions tailor-fit for the scale and functionality of your business be it smart refrigerators, biosensors, health trackers, smart meters, smart LED lighting, connected appliances, HVAC, real-time monitoring systems or geotags. We use smart devices, to help you manage your business better, cut costs and let you focus on the things that matter thereby transforming your businesses into smarter, leaner and productive ones.

Oracle PaaS and AWS Orchestrator – Cloud Integration for the IoT !

The Oracle IoT Cloud Service is a platform-as-a-service which makes IoT solutions more secure and scalable. At Prodware, we are a gold partner with Oracle and we leverage the Oracle PaaS tools to expedite solutions. It allows data-driven insights that enable connecting, analyzing and integrating device data into business processes. Continuous Integration through Amazon AWS Orchestrator helps reduce redundancy and peak throughput in our build processes. Secure access, device virtualization, flexibles topologies like client library, gateway software or direct REST API, real-time-insights and faster time-to-market are some of the key benefits we provide our clients using these solutions.