In recent years, the Internet of Things (IoT) has grown rapidly in both consumer and enterprise fields, but many people also have misunderstandings about the benefits that IoT can bring. Take it in the wrong direction, miss out on the true transformative power of IoT, or focus too much on short-term benefits (such as improving operational performance, etc.). To this end, SmartciTIesDive has compiled five common IoT myths.
1. IoT is a connected device
The "data" of IoT is the real value. Although the connection between devices and sensors is the basis for deploying IoT, this is only the connection of all "things". The real value is the real-time data generated by these devices and sensors. Data analysis can help in business operations.
Harley-Davidson has turned a factory into IoT, which aggregates and analyzes data between all equipment, which has reduced the order-to-order production cycle from 18 months to 2 weeks, and the output has also increased by 7%, which has also increased by 3~4%. benefit.
2. The biggest market for IoT is consumer devices
When most people hear the "Internet of Things", they will intuitively think of smart appliances such as connected refrigerators and connected air conditioners. However, the biggest opportunity for IoT appears in the commercial scene. For example, the multinational mining group Rio TInto uses sensors to monitor the condition of trucks in mining plants. Enables trucks to prevent problems before they occur through preventive maintenance, saving $2 million per day.
3. IoT will be the main driver of change
In fact, this statement is not entirely correct. IoT can help existing programs of enterprises achieve certain operational performance, but when IoT is combined with artificial intelligence (AI) and machine learning, fog computing (fog computing), and blockchain Only then can it truly realize its revolutionary potential.
AI and machine learning can reduce the security, cost, complexity and speed obstacles encountered in IoT promotion through in-depth analysis of real-time data; fog computing allows edge networks to digest IoT data by themselves to solve the latency of centralized networks , bandwidth and reliability issues; the distributed ledger of the blockchain further enhances enterprise security, and direct communication between machines without the need for centralized equipment.
For example, self-driving cars can be said to be the combination of IoT and these technologies. More and more powerful distributed AI systems can connect the internal and external networks of the vehicle at extremely high speeds. This allows self-driving cars to integrate large-scale real-time integration through fog computing. The data of traffic flow, and the blockchain can prevent the data from being tampered with.
4. IoT has only a single market
IoT includes multiple markets, each of which has its own unique environment, technical thinking, needs and ecology. Therefore, the development of IoT solutions requires the integration of multiple facets of knowledge. For example, the disaster management system in Glasgow, Scotland, UK, established a network of ambulances, fire trucks and volunteers to detect emergencies in real time.
Building such a system relies on Cisco and Bronze Labs to provide IT architecture and security software; Leonardo to provide aerospace and defense expertise; and geographers from ScotTIsh Water and Glasgow Council to ensure that the system is geographically enabled. Smooth-running deployments.
5. IoT is not secure
The media often report on the insecurity of IoT devices, especially consumer IoT devices, such as the eerie laugh of Amazon’s voice assistant Alexa, or recent reports that newly purchased IoT devices can be hacked and added to botnets within 30 minutes Wait. But companies have moved from being reactive to preventing attacks to proactively building defense structures, with governments playing a key role, such as the U.S. Federal Trade Commission requiring manufacturers to inform consumers about the safety of their devices.
According to PwC estimates, consumer spending on IoT solutions was $72 billion in 2015, but it will rise to $236 billion in 2020; business investment in IoT solutions will also increase from From $215 billion in 2015, it has grown to a staggering $832 billion. To unleash the potential of IoT, experts recommend that companies avoid falling into the top five wrong thinking.
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