When you want to continue to offer a valuable service over the years, in a competitive market such as technological innovation, one characteristic is that of being informed about the latest technologies and knowing how to anticipate trends.

This is why we at GreenVulcano not only inform ourselves but try to understand the true essence of the new technology by understanding it in its entirety.

Therefore we find it incorrect that the common opinion identifies the Blockchain to bitcoins, almost as if they were a synonym of the other.

In reality the Blockchain is a much more complex technology, and therefore more interesting, as it can be used in the most disparate fields.

This article aims to highlight this type of application, bringing real examples beyond the virtual blockchain / coin association such as money laundering, fraud detection and better banking services.

Why Blockchain is a Powerful Tool in Combating Money Laundering

History has  dealt with its share of trickery and evasiveness when it comes to tracking the origins of money. Criminal gangs, drug lords and terrorists groups each year manage to illicilately evade authorities by transferring money to different parts of the world. It is estimated between 2- 5 % of the global economy involves money laundering. Armed with technological advances, these wrongdoers continuously find new avenues in bypassing the regulatory authorities. Blockchain and its recent advancements have the potential of eradicating this practice.

The process of blockchaining involves a decentralized approach to information, where it is stored across an entire network. The  network contains different interactions involving proceedings like  tax fillings, wire transfer, bank deposits, which are accessible by a single person owning  a computing. Transactions are authentified with participators known as nodes that work to verify the network is free from tampering while at the same time checking and  reducing the chances of falsified documents from entering the exchange. Once authentication is processed, the transaction is then viewable to the rest of the entities in the network.

Blockchain has the capacity of tracing back identifiers of previous transactions because the transactions happening in the block cannot be altered in any way.  The block in the chain contain information about the transactions, who was involved ( though this lies strictly within a digital signature)  and a unique identifying code called a hash, which separates each transaction. The hash is configured information that uses math functions and string of lettering. If any of the functions are altered, the hash will also change. Therefore, if anyone changes the hash in one box the old hash moves to the block that follows, this would require the person involved to revise the hash alongside the rest of the ones in the chain with much time needed. Though it is not impossible to carry this out, it proves to be fruitless because it is impossible to delete.

The developmental aid sector is curtailing money laundering through blockchain. A student in the University of Cape Town used blockchain to develop a way to counteract possible corruption and fraud when donors transfer money intended for aid to beneficiaries.  The process works by having the money transferred into an escrow account through a bank that distributes tokens resembling fiat money to the beneficiaries. They  are the only ones able to redeem the token, thus,  eliminating fund interception. In this sense, Blockchain technology offers clarity and support for donors, while at the same time providing  organizations a way to track where and how the money is being distributed for direct and indirect expenses.

Another example is Honduras’s government that has partnered with industry based expert, Factom to monitor the registration and recording of land claims due to its history with land-title fraud.

Similarly, IBM is jumping on the bandwagon moving beyond partnerships with industries implementing blockchain. The company submitted a patent for “Node Characterization in Blockchain” system, the transaction identifiers found in the nodes. The data from these nodes will be used to collect information on the different types of transactions that compose the network.

Blockchain and new services for banks

Banks and economic sectors are also looking at the potentiality of Blockchain. 69% of the worlds biggest banks are experimenting including: Goldman Sachs, Microsoft and Bank of America Merrill Lynch, Barclays, BBVA, CIBC, Commerzbank, DNB, HSBC, Intesa, KBC, KB Kookmin Bank are just a few.  Highly known for its strict regulations led by conservative attitudes, banks are seeing the promising benefits and possible solutions their most pressing challenges.

Traditional banking relies on mediators to carry out various functions. These participators make them more expensive; Blockchain eliminates the need for these mediators, making services more affordable for the bank and consumer.  A popular area that Blockchain seems to be of value is in international money transferring for its reduced costs and faster processing. User banking transactions online can also be effectivized by cutting the steps for identity  verification. If the user is given the choice to select who they wish to identify themselves with and how they are identified, then that can be transported over to other services found in the same blockchain without the need to reverify who they are.

Civic is a identity verification system that does exactly this without actually collecting or storing data. In the decentralized system it works as a digitized form of a wallet where a verified identity is used and checked independently across a range of services from a single blockchain, thus eliminating the need for the user to identify themselves every time. Bank of America started last December implementing Blockchain in its ATMS. The aim of the project of is to improve the communication within the systems by facilitating transaction services involving cash withdrawal and other service  to consumers who may not be in the same bank, but are part of a partner bank that lies within the same ATM network.

Conclusion

Although Blockchain is not a recent technology, it is certainly something that has gained some interest over the past two years. The advantages of its use have opened new perspectives in the fight against money laundering around the world, as well as helping the banking sector to improve its services and to be less expensive.

But it is not only this, in Greenvulcano we think it will be a revolutionary technology especially for companies within the industry 4.0 sector.

This is why in all our IoT projects we are configuring our integration systems so that we can support a Blockchain network.

If you want to know more, visit the section of the site that explores the topic at this link.

It has been over a decade since Internet of Things was first coined by Kevin Ashton. Since then, it has expanded alongside a growing technological hub spanning a diverse set of industries. In many ways it makes our everyday life more efficient, bridging the gap between physical objects with the collection and sharing of data on the internet.

Internet of Things has paved the way forward for objects to interact with each other without the need of management by people. Decisions are realized in real time, supported by data in the same moment helping to detect any changes happening in the surrounding environment.

The potential of this sector within urban cities is increasingly evident and there are many realities ready to invest in this type of innovation. Debates have run high as to the potential back falls this technological age may bring forward. However,  one thing known for sure is that it is enabling opportunities in areas we would have never imagined.

Its impact has crossover into developing countries, where it has the capacity of changing existing processes and expand efficiency in sectors in need of new solutions to a variety of challenges. By providing a cost-efficient model for enhancing the development in different processing mechanisms through the improvement of various projects in the research, monitoring, and evaluation stages, the higher the chances are for these countries to transform themselves into more sustainable environments.

Developing countries have always faced challenges that come with the distribution of water and the improvement of sanitary conditions. IOT technologies have created a path in which different countries are addressing this problem in innovative ways. Startup company CityTaps began an experiment in Niamey, Niger partnering with the local water utility struggling to afford to maintain, operate, and handle reading the barometers that can drive the costs high and impede restorations.

Their solution was partnering with utilities and setting up a network of IoT systems supported by a  Low Power Wide Area Network that allows the generator to create payments and detect malfunctions in real time. By leveraging data from the sensors, more accurate performances can result. The process works by having the consumer pre-pay for water services at home through a mobile device. The consumer has the facility to pay for any amount at any time and the provider is guaranteed payment for delivery.

In India, Smarter Homes is a startup tackling water consumption with at home monitoring systems. As a response to a 2014  water crisis in Bengaluru following population growth, IBM’s IOT division collaborated with the Bengaluru Water Supply and Sewerage Board in forming a command center where they were able to track the water flow and pressure and with the IBM Intelligent Water Software alert officials about any discrepancies in the system.

Healthcare in developing countries is another sector innovating from the Internet of Things. Nexleaf Technology is advancing health conditions by making conditions better for vaccinations using a wireless remote temperature monitoring system called Cold trace. The system works by sending storage temperature and power status to personal through SMS whenever there are changes in the environment. IOT’s role is having sensors in these containers monitor temperature, humidity and light.

It also is  a means for developing emergency response tactics when disasters strike these regions; where poor infrastructures and high population densities play a significant role in how the effects unfold.

Known for its susceptibility to earthquakes, Mexico uses an early warning system called SkyAlert that detects seismic activity 120 seconds before impact in accordance to the distance of the epicenter. Thus providing greater opportunity for people to take shelter before the earthquake hits.

Brazil launched a first of its kind state-of-the-art intelligence center in 2010, as a response to the fatal landslides that took place in the  spring. Motion sensors generate data feeds on traffic, weather, police and medical services in real-time. Once the data is generated, anticipated problems are detect and defenses are set into place. If potential emergencies emerge, citizens are alerted via sms and other media platforms. Those prone to at-risk areas receive a siren call for evacuation instruction.

With a new technological advancement happening in the developed world, and the impact that IOT has had in industries like agriculture and transportation, there are numerous applications where it can be of use in the developing worlds. Who knows? Maybe the Internet of Things is a possible solution to the processes needed for these countries to overcome these challenges.

For more information, please visit the link below to visit the World Economic Forum’s Guidebook to building a more sustainable society using the Internet of Things.

http://www3.weforum.org/docs/IoTGuidelinesforSustainability.pdf


In the first post related to the IoT platform we talked about some introductory aspects:

  • The importance of using an IoT platform for disaster prediction, showing a real project for monitoring the structure of bridges and tunnels (NTSG partner)
  • The meaning of IoT data storm (how much data are we talking about)
  • That importance of choosing an appropriate IoT platform and an experienced service provider before starting an IoT project.

In this and future posts, we will describe many aspects of the IoT world and how the GV IoT platform addresses them, using as a real scenario for the discussion a project for monitoring the structural deformations of a highway tunnel subject to landslides. This scenario will be used as the background to the narration for all GV IoT platform posts.

To simplify the exposition of the GV IoT platform, in terms of what it is and how it addresses some of the top IoT issues (amount of data to elaborate, security, scalability, storage and analytics), we will describe the trip of a single measurement from Things to Humans and the back trip of a command from Humans to Things.

 

We now begin describing the monitoring scenario and immediately after we will begin the narration from the Thing, the real protagonist of this story.

The scenarios that will be used during the trip into the GV IoT platform

Reference scenario: Monitoring structural deformation of a tunnel

 

The scenario consists in monitoring the health of a tunnel, in term of structural deformations that may damage the tunnel itself and put Humans in danger.

Natural causes that affect the structure of a tunnel:

  • Landslides
  • Earthquakes
  • Wind
  • Infiltrations
  • Temperature
  • Etc.

Human causes that affect the structure of a tunnel:

  • Traffic
  • Heavy vehicles
  • Accidents
  • Etc.

But how do you actually prepare a tunnel to be monitored for deformations?

We can use a FS22 Industrial BraggMETER (picture 1) and wire the entire tunnel with the fiber cable (picture 2) and strain sensors (picture 3).

Source: NTSG Val di Sambro: “3 lines of sensors have been installed along the whole tunnel, while the thermal sensors have been installed at distances previously set. This to compensate the effects, on the readings, of thermal variations and to obtain a pure mechanical deformation. It is possible to control the longitudinal movements of the tunnel, and verify if the tunnel keeps the initial shape as designed.”

  • Number of sensors: 780
  • Sampling rate: 10 Hz
  • Wiring: 30 km of optical fiber
  • Packet dimension: 6 bytes (single sensor) – 30 bytes header for all
  • PLE: 4 (working platform, lifting)
  • Working time: 24/24h, 365d/year

We have:

  • 780 sensors * 10 Hz * 10 bytes * 60 seconds * 60 minutes * 24 hours
    • ~46 Kb per second
    • 161,7 MB per hour
    • 3,78 GB per day
    • 10 messages (~4,6 kb each message) per second to send over the internet

 

Many information about the IoT technology can be found here: https://www.hbm.com/en.

 

(1) FS22: Industrial BraggMETER

(2) Fibre cable: can be very long

(3) Strain sensor

(4) BraggMONITOR application

(5) BraggMONITOR application

(6) Other sensors

 

 

 

 

The picture 4 of the BraggMONITOR application (window application that connects via LAN to the Industrial BraggMETER) shows all strain sensors that start from the Industrial BraggMETER, that in this case has four fiber cables doors.

 

(7) The tunnel from one of the working platform (PLE)

(8) The FS22 + switches

(9) The fibre cable

(10) Wiring elements

(11) Switch + wiring elements

(12) Wiring elements

 

The trip from Things to Humans: sensed data and analytics

The story begins with a strain sensor SS01 at t1 that is measuring a wavelength of 1572.52 nm (nanometer = one billionth of a meter). Actually, it is not just that sensor that is measuring the wavelength, but all 780 sensors at a common frequency of 10 Hz.

 

At 2018-Set-10 10:10:20.1 (.1 = 1/10 of a sec)

Wavelength = 1572.52 nm

 

Here are some initial questions to answer if you want to use the BraggMETER:

  • How can we read this importation out of the BraggMETER?
  • How is the information coded? Binary, ASCII?
  • Can we read a single value at a time or can we read in continuous mode (at 10 Hz)?
  • Do I need a special communication protocol to use the BraggMETER?
  • etc.

Fortunately, the BraggMETER has an ethernet door and a user manual that can be retrieved here:

To make this story short, here are the answers:

  • If you open a socket with the command port and send a particular command to it, the BraggMETER can send pieces of information back to you in continuous mode on another port. You can also decide if you want the information in binary or ASCII mode
  • The FS22 talks the “skippy” language:
  • Each package (binary in this example) that you receive has a header of 30 bytes and 6 bytes for each sensor. In total (780 sensors * 6 bytes) + 30 bytes = 4710 bytes

The output of the BraggMETER (every 1/10 of sec = 10 Hz):

  • “<header><ch0:s1>,1572.52,…,<ch0:sn>,…,<ch3:s1>,<ch3:s2>,…,<ch3:sn>”

Conclusions

The first part of our journey ends here.

In the following Blog post, we will see the data leave the sensor and travel in all its phases up to the view from the human being.

If you want to deepen some topics do not hesitate to leave us a comment below, just to let us know your opinion.

“A control system … would have allowed us to immediately understand the conditions of structures subject to possible catastrophes, and today would have allowed us to prevent many of the disasters that have occurred in recent times”.

 

These are the words of the engineer. Paolo Persi del Marmo CEO of NTSG, a partner company of GreenVulcano.

 

The solution referred to, based on OF (acronym of optical fibers), comes precisely from the need to verify the health status of a structure during its life, a system patented by NTSG to monitor the 3D and 2D deformations of an element of generic shape, using optical fibers as a means of measurement, a system that finds its greatest application in the control of major works (bridges, tunnels, roads, railways, dams) and buildings: a very topical aspect given the recent tragic events that hit Italy.

 

The data, once acquired, passes to the IoT platform of GreenVulcano, where they are analyzed to draw up reports and statistics, and to artificial intelligence that uses them to make predictive maintenance and prevent possible future structural damage.

 

Most likely you will have already heard about the term Internet of Things.

 

Although on the internet there are excellent descriptions if you have any curiosity about the topic we suggest you start reading some of the posts of our blog and then deepen the topics that interest you the most:

 

 

But what is an IoT platform and what are its characteristics? In this series of articles, we will try to give a more complete answer by explaining the growing need for every company that intends to start IoT projects and how the company GreenVulcano Technologies, with its solid technical background, can help companies to face the many challenging aspects of the IoT revolution.

 

2 – An “IoT data storm” is coming. Get ready

 

After the initial IoT hype and the disillusionment phase, we arrived at the beginning of the widespread adoption of technology and productivity. Customers recognize the IoT as a fundamental element for digital transformation and are ready to take the right steps to be part of it.

 

Sensors and actuators of all kinds are added to the Internet at unimaginable speed and the IoT market will continue to be one of the best exponentially growing markets in the coming years.

 

Customers will always pay more attention to the estimate and the results of every investment in this field.

 

The amount of data that “objects” generate and download on the Internet every day has never been addressed before and will need new technologies and new paradigms to be able to collect, store, process and analyze the IoT data flow.

 

But how much data are we talking about when we say “data storm”?

 

Just to give an example on a real monitoring scenario, we show you that of a tunnel, for the control of convergence and longitudinal deformations, when it is located on land subject to landslides.

Here are some photos that show one of the fundamental activities of IoT, that is to enable objects to “speak” to communicate information. This is the tunnel walls along their entire length:

Monitoring of a gallery:

  • Number of sensors: 780
  • Sampling frequency: 10 Hz
  • Wiring: 30 km of an optical fiber (Val di Sambro tunnel)
  • Package size: 6 bytes (each sensor) + 30 bytes of header
  • Hours of operation: 24/24 hours, 365 days/year

 

it follows:

 

  • 780 sensors * 10 Hz * 10 bytes * 60 seconds * 60 minutes * 24 hours
    • ~ 46 Kb per second
    • 161.7 MB per hour
    • 3.78 GB per day
    • 10 messages (~ 4.6 kb each message) per second

 

This is a simple scenario, but there are monitoring situations that require sampling frequencies at 1000 Hz, which may then require the transfer of 1000 measurements per second on the internet.

 

For a general idea, let’s consider this table, which shows the ranges of data related to a group of sensors of a hypothetical IoT project:

 

Amount of data of a hypothetical IoT project # of bytes to digest over the internet
Small < 100 MB per day
Medium < 1-10 GB per day
High < 50-500 GB per day
Huge > 500 GB > 1 TB > 100 TB > …?

 

This table is today quite realistic when it classifies traffic as small, medium, high and huge, and given that in the near future the numbers are destined to increase exponentially, the effect that will have is that the longevity of IoT solutions will be shorter and shorter. , therefore (again) it is important to adopt open, modular and scalable solutions and, above all, a correct methodological approach that can take account of this growth if we want to be able to exploit this revolution to the fullest.

Here at GreenVulcano, we are well aware of it has already had too many times to intervene in solutions and configurations that were not adequate and that required the design of the system starting from scratch. These situations have as a direct consequence the facing of further expenditure, with the main damage of keeping inoperative or operating only in one part, the structure on which it was already spent.

3- Conclusions

The IoT solutions will be increasingly used this because they transmit important knowledge to help digital transformation and are proving a basic element in every sector and market division. The cloud, the analysis and the IoT will extraordinarily improve the companies controlled by technology and will give greater productivity, safety, intelligence and profitability to the company. Unfortunately, most IT associations have almost no knowledge or training on operational structures such as monitoring and data acquisition supervision systems (SCADA).

So if you are serious about starting an IoT project for your organization, choosing an appropriate IoT platform and choosing an experienced service provider are extremely important and sensitive.

This is only the first step because then we need to move on to an analysis of new features that will be basic in the coming years such as:

  • artificial intelligence
  • edge computing
  • etc..

Things we will discover and deepen better in the next article.

Make an inquiry. How might I take care of a business issue utilizing IoT? The appropriate response is straightforward:

  • deploy IoT sensors all through the building, workforce and the fields,
  • introduce entryways and perusers all through to gather the information from the sensors and drive it up to the cloud
  • run machine learning or AI to find solutions to take care of each business issue.

Presently, rethink the inquiry in an unexpected way. On the off chance that the issues are anything but difficult to distinguish and unravel, for what reason does IoT not by any means illuminate these issues? The truth of the appropriate response is, any business issue that can be settled by IoT looks simple on paper however difficult to actualize.

 

Making the IoT work for the majority is, even more, an information challenge than a gadget availability issue. We initially need to remove the information from gadgets at that point make sense of what everything implies. Up until this point, the market has been centered around getting keen devices on the web. We’ve seen little development to enable us to devour every one of the information that these contraptions and machines gather. Subsequently, numerous IoT solutions experience the ill effects of the last-mile issue.

 

About this topic Marco D’Ambrosio, R & D Manager of GreenVulcano Technology s.r.l. has very clear ideas:

“Before the spread of the computerization culture, what is nowadays created with a simple software program, was realized with physical electronic cards that sometimes managed mechanics. Just think of the industrial production companies that still make extensive use of it. Today everyone talks about IoT but few have traveled the last mile filling the GAP between the immaterial part “software” and the material part “Device”. Although the passage seems short, it actually represents the union of two worlds, that of electronics and mechanics on one side and that of computers on the other.”

 

At the end of the day, these arrangements are gathering information, yet neglect to enable individuals to see and comprehend the information they mine.

 

So we asked Marco what could facilitate the adoption of this process.

“The road map of this procedure is strongly dictated by the funds and the tools put in place by the bodies in charge, in fact we can see that the whole world is pushing towards the industry 4.0, which is nothing but to unite these two worlds that have driven the development of all the major world economies of the last 60 years.

It should be emphasized that the device is an enabling factor and not the ultimate goal of innovation, which instead leads to a deep understanding of those correlations that make a procedure profitable.”

 

And as our IoT data starts to help drive decisions, things go from being mere devices that carry signals to being agents of empowerment that transform organizations.

 

That’s how we close the last-mile gap.

 

We’ve only scratched the surface. As devices light up, things get interesting—if we can decode what the devices have to say.

 

But what is the fundamental characteristic of this new perspective?

“This new approach will generate shared knowledge.

While before such a vision was the prerogative of the experts, who could see the pockets of inefficiency nested in the process, thanks to a factor of “natural data analysis” dictated by experience, the IoT and the deep analysis will make it more democratic and accessible reach excellence.

Who will win this great challenge are the companies that will be able to create open IoT platforms, for the realization of applications aimed at solving real problems, caring about security and data supply chain.

 

Once we see and understand IoT data, we’ll be able to make smarter decisions about our personal well-being, our professional performance, and the world we share.

 

With the rise of low-cost sensors, connectivity everywhere, and our fast-growing volume of data, the Internet of Things is likely to reshape the world as we know it.

The Internet of Things is probably going to reshape the world as we probably are aware of it. As per Gartner, Inc., there will be almost 26 billion associated gadgets by 2020. From wearables to home automation, to assembling streamlining, the potential outcomes are colossal, yet so are the difficulties.

 

“In my opinion, this is a real industrial revolution that will make a natural selection of truly innovative companies and those that instead claim to be but that are actually conservative and will struggle to move forward.”

 

If you do not want to miss the opportunity that this digital transformation brings to, contact us for a free consultation to this email: marketing@greenvulcano.com

 

As soon as possible we will set up a meeting where you can solve your doubts and you will have the necessary tools to face this revolution.

 

The Internet of the Things is taking industries by storm. This network of devices combined with their ability to connect and exchange data is proving itself to be a brilliant tool when incorporated into businesses and consumer’s lives alike. Up to this point, IOT has been most well-known for its integration in the manufacturing and industrial industry. Its benefits are apparent through the machinery on the factory floor, and its connectivity has built an essential bridge between the floor and the offices upstairs. It has reached a level of optimal efficiency that is changing corporations. IoT has now stretched its uses even further, as people have found ways to utilize it in a new industry: healthcare. The industry is huge, but the technology has found a way to dip its toes into every aspect.

Personal Healthcare

As of right now, remote health monitoring is the main function of IoT integration, in terms of spending. The IoT devices designed for consumers are plentiful, all imaginative yet useful. There’s an array of them on the market, from closed-loop insulin delivery devices that pairs with a diabetes app, to a Bluetooth coagulation device that tests how quickly your blood clots. In addition, there is an activity tracker that looks at the effects of different cancer treatments, and an Apple watch application that monitors cognitive function for signs of depression.

More and more systems and devices are being invented each day. For example, researchers have been developing contact lenses with sensors in them that they hope will be able to measure a person’s glucose levels, in addition to possibly correcting presbyopia, a condition that deteriorates the eye’s focus. These devices, along with different type of wearable sensors, have granted consumers the ability to monitor themselves within the comforts of their own home. The benefits to the consumer is plentiful. However, we are becoming more of a business driven world, and businesses and corporation alike have discovered how to utilize IOT to the best of their abilities as well.

Pharmaceuticals

Every year, according to the Internet of Things Institute, there are 125,000 unnecessary deaths in the United States alone due to patients not taking their medicine correctly. Over 100,000 people die from these mistakes, and there are so many more than this number that end up hospitalized over the same situation. IOT software offers up a solution: smart pill bottles. These smart pill bottles monitor the dosage being taken, or if it’s even being taken at all. It’s a way for patients and doctors to keep tabs on treatments and ensure that they are being taken and administered responsibly.

The Pharmaceutical sector didn’t just stop there with their incorporation of the Internet of Things. They have integrated the technology into their production cycle the same way the manufacturing industry has: monitoring the machines, checking the safety, and collecting data in order to ensure the utmost efficiency.

Healthcare Building Facilities

There has begun a crucial transition from IOT positively impacting consumers in terms of healthcare to businesses in the industry. IOT and its effects are most concretely apparent in hospitals and doctor’s offices. The connective technology has created a new age of “smart hospitals”, places filled with predictive maintenance and advanced equipment. As the site i-scoop wrote, “If there is one place where the various building parameters…temperature, humidity, air regulation, specific environmental controls, security, and so forth need to be optimal, it for sure is the hospital.”

Being reliable is vital for a hospital, and IOT software is just that. Reliant. Rooms equipped with smart beds would have the technology to routinely check and monitor vitals on its own and alert the necessary personnel based off of those vitals. Smart hospitals will have sensors that detect the climate of the room and can adjust it based off the specific needs of the individual patient. Operating rooms will have the same features; the ability to control the elements to set themselves up for ideal operating conditions. It’s smart and it’s efficient and it’s saving lives.

Healthcare Insurance

Going hand and hand with saving lives is saving money. The combination of IOT with the Health Insurance industry is doing just that. This software collects data, and data is extremely valuable to insurance companies. The most important characteristics of this data is that it is truthful and accurate. According to Forbes, these technologies will work to “reduce inefficiencies and waste in the healthcare system”. Companies will have the ability to use data to have surveillance on their patient’s medical behavior and will get patient reports that are truthful and not just subjective.

This continuous, real-time data will save insurance companies money because they have been proven successful in the early prevention and control of treatments and diseases. In addition, things like the smart pill bottle will cut down on company costs because they do not have to pay for unnecessary hospital bills that are caused by incorrectly taken medication. The self-testing nature of the software cuts out unnecessary doctor visits and hospital bill, making it a win for the patient as well as a win for insurance companies that would otherwise have to foot the bill.

The Future of Healthcare and IOT

According to the KAA Project, spending on healthcare IOT solutions is projected to reach $1 trillion by the year 2025. I-Scoop declares that by 2019, 87% of healthcare organizations will have adopted these IOT technologies. Why is this projection so large? IOT software makes healthcare “personalized, accessible, and on-time”. Money, time, and lives are being saved with these devices and this software. It’s changing the face of health, one connected device at a time.

 

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IOT, or the Internet of Things, is taking the technology by storm. Technology is everywhere, and the future is digital. The future is more than just technology though, but technology has found its way into so many other aspects. How will the Internet of Things stretch farther than the world it was produced in? Learn how the Internet of Things is impacting other industries below.

Manufacturing

A current industrial revolution is in the works, and IOT is helping it happen.

IOT works to optimize two main areas in the manufacturing industry: business and production. This industry will be impacted from the ground up. On the floor, there is the possibility to have new technologies incorporated into machines which will work more efficiently, and possibly entirely on their own. This technology includes the possibility for predictive maintenance, a time-consuming and expensive cost if not dealt with timely and appropriately. The sensors used in IOT technologies can predict and alert to maintenance concerns, along with many other functions these sensor possess such as detecting issues that would present safety concerns. To read more about what these sensors could do for the factory floor, click here.

The manufacturing industry will be completely transformed in the way that they are ran and monitored. According to Tech Company Sensohive, “IIoT enables manufacturers to have new ‘eyes and ears’ in the production.” The new technologies and machines will allow for the factory floor to be better maintained and monitored, and executive offices will have access to more data. This data will be vital in accessing efficiency and cost optimization in time, cost, and production. These technologies will connect the factory floor to the executive offices, and will allow those making decisions to have a fuller view and a better understanding of the workings of the company.

Retail

It’s not easy to sell to a complete stranger. With IOT technologies, no customer is truly a complete stranger.

IOT technologies are excellent for collecting data of all sorts. How does this function in the retail industry? Wonderfully, actually. Having data on a direct customer is extremely useful for deciding how to tailor a sale to that customer. According to the site I-Scoop, “89% of early-movers in retail gain increased insight into customer preferences and behaviors from the Internet of Things.”

IOT systems are being used in the retail industry to collect data on who enters a store, and it picks up on their demographic, their age, which area of the store they spend the majority of their time in, and how long they were in the store compared to how much they actually purchased. Incorporating this technology into this industry not allow allows for retailers to get a better understanding of their customers, but it allows for them to create personalized experiences for shoppers. Products and services may then be suggested to the customer based on previously collected data.

Incorporating IOT technologies into a retail corporation allows them to use sensors to detect when inventory in a warehouse is low so that products are always available when customers want them. Also, these technologies can be used to track shipped packages more efficiently and keep the consumer informed about their progress and status.

Customers themselves can even make the job easier, utilizing IOT software to scan an item on their phone and instantly receive information about the products such as its price and helpful reviews. A customer who has more information on a product is more likely to purchase that product, and a company utilizing IOT is more likely to get them their product successfully.

Health Care

The use of IOT in the Health Care industry is exciting because not only is there the potential to save money, but there’s a potential to save lives.

The incorporation of the Internet of Things into the Health Care industry is not yet completely widespread, but the opportunities for its integration are. According to Forbes contributor Bernard Marr, “the IOT healthcare market will reach $136.8 billion worldwide by 2021.”

IOT has implications in both the personal patient side of health care and in the insurance side. IOT hopes to instill wearable technologies that they can all speak to each other so that they may individually monitor things about a person such as their heart rate, blood sugar levels, glucose levels and more. According to IOT Agenda, these sensors “gather medical data that was never before accessible.” IOT allows the separate devices to communicate and interpret, based on the data that they are collecting, whether there is a problem. From here, they can alert the patient and other necessary assistance so that these problems can be attended to. These devices offer patients the opportunity to monitor their own health from the comforts of their own home.

The Internet of Things is applicable to the health insurance sector as well. Allowing patients to monitor their own levels at all hours provides insurance companies with data that is both truthful and accurate. In addition, this data allows doctors to be more proactive in diagnosing and treating patients which prevents many simple sicknesses and illnesses from getting to a point where they are life-threatening. Click here to read more about the ways IOT systems can be utilized in the health care industry.

Transportation

The Internet of Things has the potential to have a huge impact on the transportation industry, an industry that spills over onto many others.

The site Supply Chain 247 states that “whether by air, ground, or sea, transportation and logistics are essential components to many enterprises’ productivity, and access to real-time data is critical.” With IOT software, cars will hopefully have sensors that can monitor and schedule maintenance, optimize fuel, and even train their drivers. Sensors can monitor traffic flow and predict obstacles that could slow up delivery processes, allowing companies to alert their customers or even decide early enough on alternate means of delivery. This proactive approach will save companies money as well as strengthening their relationships to their customers. In addition, the software is hopefully developing to a point of autonomous driving, a practice which is obvious in its ways to potentially save corporations money. To read more about how businesses are directly impacted by the growing incorporation of IOT into the transportation industry, click here and here.

Energy

IOT is having a large impact on the energy industry, helping business’ wallets and the earth’s well-being at the same time.

Incorporating IOT software into the energy industry has positive effects on all types of businesses, whether they are energy-focused or not. As we’ve established, one of the most important parts of IOT software is its ability to use sensors and technology to collect and utilize data. These sensors play a huge role in this industry. Placing the sensors on machines can allow companies to monitor if the machines themselves are functioning in a way that is environmentally efficient, as functioning this way saves businesses money. IOT sensors placed on smart thermostats can be used to automatically switch off high-powered devices during their peak demand times.

According to IOT Innovation, “In the United States alone, 30% of the energy used in an average commercial building is wasted.” The data collected from sensors can give companies an idea of whether they are being efficient or not, and smart sensors can help them fix their issues and become more efficient in the areas they identify through the data. Maintaining equipment and supplies in this way helps to avoid outages, utilize their power, and identify safety hazards, saving energy and money for all businesses. Click here to read more about the way in which the energy industry is impacted by IOT.

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