Sandeep Patel

Technology Trends with Finanical ROI-Hot Tech  being Real

Blog Post created by Sandeep Patel on Jul 11, 2017

 

1.IOT  & Blockchain convergence : Blockchain is more than a concept now and has applications in many verticals besides FinTech including IoT. Blockchain technology is considered by many experts as the missing link to settle scalability, privacy, and reliability concerns in the Internet of Things. Blockchain technology can be used in tracking billions of connected devices, enable the processing of transactions and coordination between devices; allow for significant savings to IoT industry manufacturers. This decentralized approach would eliminate single points of failure, creating a more resilient ecosystem for devices to run on.

 

2.IoT Communities Build  up :Companies want developers on their platform. Many of the presenters at the conferences pointed to their open APIs to try to lure developers.

 

3.OT Giants to battle it out : There are behemoths that conquer every aspect of the IoT. Many companies specialize in one subsection of the IoT, such as smart home or connected cars. But some titans (such as Intel, Samsung, Hitachi ,GE, Honeywell, and Bosch) have the resources, manpower, and legacies to get their hooks into almost every aspect of the IoT. Love that comment  by the way J.

 

4.Digital Twin : Making rounds with Customers :  digital twin is a virtual model of a process, product or service. This pairing of the virtual and physical worlds allows analysis of data and monitoring of systems to head off problems before they even occur, prevent downtime, develop new opportunities and even plan for the future by using simulations.

First, smart components that use sensors to gather data about real-time status, working condition, or position are integrated with a physical item. The components are connected to a cloud-based system that receives and processes all the data the sensors monitor. This input is analyzed against business and other contextual data.

Lessons are learned and opportunities are uncovered within the virtual environment that can be applied to the physical world — ultimately to transform your business.

5.IoT Devices and More DDoS Attacks : Security will be the core differentiator in IoT Platforms as we move forward..

 

https://iotsecurityfoundation.org/ - Attached is the best practices guide for reference.

 

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