During the 2018 Olympic Winter Games in PyeongChang, South Korea, the world's eyes were on the athletes as they achieved marvelous feats by pushing the boundaries of human abilities; behind the scenes, realtime analytics and the cloud played their part too. The gold medals may be awarded and the closing ceremonies may be through in PyeongChang, but a cloud-based analytics solution that debuted at the games will continue to be a part of the Olympic story looking ahead to the 2020 Olympic Summer Games in Tokyo, Japan. The analytics tool exemplifies the value cloud can play in analyzing realtime data for IoT (Internet of Things) solutions in healthcare and beyond.
Cloud computing has had a transformational impact on the software space, and it has helped the IoT (Internet of Things) accelerate to where it is today. In the past decade or so, the cloud-computing ecosystem has grown tremendously. According to KPMG's, www.kpmg.com, Journey to the Cloud report, the public cloud-computing ecosystem has become more than a $100 billion market, with the private cloud ecosystem representing another $50 billion market.
After examining the cybersecurity implications of the IoT (Internet of Things) for national security, the President's NSTAC (National Security Telecommunications Advisory Committee), www.dhs.gov/national-security-telecommunications-advisory-committee, says IoT adoption is poised to increase in both speed and scope, and it will eventually impact virtually every corner of society.
The industrial sector is one of the next great frontiers for the IoT (Internet of Things). Already, in industrial sectors like manufacturing, agriculture, construction, and mining, IoT technology is changing the way businesses run on a fundamental level. Across sectors, global IoT spending is forecasted to reach $772.5 billion in 2018, according to IDC (Intl. Data Corp.), www.idc.com, and it is set to surpass the $1 trillion mark by 2020. In 2018, manufacturing is one of the industries expected to spend the most on IoT solutions at $189 billion, followed by sectors such as transportation ($85 billion) and utilities ($73 billion).
As an industry, the IoT (Internet of Things) space has been talking about smart home for what seems like a long time, and though progress is being made in connecting home appliances and devices ranging from connected security cameras, doorbells, and thermostats to entertainment devices such as smart TVs and speakers, truly connected homes are the exception rather than the rule. Interoperability remains a hurdle for consumers who want to connect disparate systems within their homes so each device and system works seamlessly with the others.
There's a new type of convenience store in town, and it's a little bit different than the ones that have thrived up to this point. Just this past month, after a lengthy testing phase, Amazon, www.amazon.com, opened its Amazon Go convenience store in Seattle, Wash., a first-of-its-kind retail experience that relies on various technologies to do the job of human cashiers. That's right, say goodbye to the human-cashier experience. Amazon Go offers Just Walk Out Shopping, which leverages computer vision, sensor fusion, and deep-learning technologies to enable checkout-less shopping sprees within its 1,800-sq.ft. retail space. The store offers a variety of ready-to-eat meal, snack options, and meal kits, alongside grocery staples.
The promise of the IoT (Internet of Things) is immense. From changing how society approaches healthcare to revolutionizing the manufacture of products and the delivery of services, the IoT is connecting people, places, and things and improving both life and business.
Security has been one of the words of the year for the past several years as more consumers, businesses, and entities adopt connected devices and IoT (Internet of Things)-enabled systems to enrich processes with decision-enhancing data.
Bitcoin’s up, Bitcoin’s down. Bitcoin’s the investment of the year, except when it suddenly isn’t. If you’re following the cryptocurrency market, you’re in for a bit of a wild ride. In the past few months, Bitcoin, the most well-known cryptocurrency, has soared and dipped and made news headlines countless times for various reasons, ranging from security concerns to record-high prices.
The future of our transportation system hangs in the balance. While no one can predict exactly what the future transportation system will look like, it’s likely to look as different from today’s system as the past looks from today’s vantage point.