Posted on

How Manufacturing and Lighting Solution Companies Are Benefitting From IoT

Lights today have become more than simple means of lighting up the dark. During their evolution from a simple filament bulb to today’s connected LEDs, lights have become more efficient and intelligent. 

Digitalization Makes New Services Possible

Products and services in the field of lighting and building-services technology are taking the form of subscription models. The ongoing process of digitalization is driving the trend. Known as ‘X as a Service’ (XaaS), ‘Light as a Service’ (LaaS), ‘Security as a Service,’ and ‘Safety as a Service,’ this trend offers benefits for both providers and customers. Digitalization is not only driving this development but also giving rise to new business models offered by IoT service providers.

Posted on

Driving IoT Adoption

IoT, as a technology, has evolved and matured in the last decade since it became an emerging technology and was introduced in Gartner’s Hype Cycle in 2011. While there have been some advancements in the use of IoT for operational efficiencies, optimal asset utilization, quality control, etc. in manufacturing, healthcare, energy, and other industries, we can all agree that it hasn’t taken off like many analysts predicted. There were predictions of the IoT market going past 50B connected devices and north of $1T in total business by 2020. That prediction of the IoT market growing to $1T is now still 5+ years away.

Headwinds Facing IoT Adoption

So, what is it that has been holding the promise of IoT back? Various surveys conducted over the last 2-3 years show different reasons being given for this slower than expected adoption, but there is a consistent theme amongst the reasons that consistently pop up. There are known technical concerns like security and connectivity, but in terms of business challenges, the gap in cost of undertaking an IoT program and expected value seems to show up as the main reason holding back the adoption of IoT across industries. Specifically, an unclear RoI coupled with the perceived long project implementation cycle or the time-to-market are big reasons why we are not even half-way to the market size we were expected to hit with the opportunity that IoT presented.

Posted on

How IoT Technology Is Being Used to Fight Against Corona Virus

As we all have heard about the current outbreak of COVID-19 that was first evolved from Wuhan, China, on December 31, 2019. With rapidly spreading diseases like COVID-19 are the epic concerns for medical professionals in all places around the world.

Medical authorities, as well as citizens, are now using IoT technology to inform people to avoid walking outside in the absence of masks and estimate their temperature from a distance with the help of drones. Various technologies have been acquired by China to handle the deadly virus spread across the country. The Wuhan coronavirus outbreak has begun to be a worldwide catastrophe, causing thousands dead, leaving millions at a risk, economies blocked, factories, as well as cities, are under lockdown. 

Posted on

Solving Common IoT Challenges

Learn more about solving common IoT challenges in this post.

The Internet of Things (IoT) is a hot subject amongst technology companies today. According to Forbes, we expect to see over 20 million connected devices by 2020. As a result, we will begin to see a lot more IoT services and solutions to current IT problems.

But IoT solutions come with challenges. Among those challenges, IoT solution providers fall in the realm of connectivity, power, security, and integration. We'll look at each of these challenges and potential solutions to them in this post.