You have just arrived at your favorite holiday destination and reached the hotel reception on a busy morning. It shouldn’t matter to you today if the hotel reception is crowded or there is no one available to help you with check-in. You will directly walk over to the self-service kiosk, enter your booking details, and scan your passport. The check-in process is completed in no time and you are provided with your room details. The kiosk even vends out your swipe card!

Traditional businesses are projected to be disrupted and revolutionized at an unprecedented rate as the Internet of Things (IoT) emerges. These new technologies have the potential to benefit the insurance business, which has been hesitant to adapt in the past. Before we get into how the Internet of Things will affect insurance, let’s define what we mean by “IoT” in this context.

Hitachi Vantara today announced the new Lumada Industrial DataOps portfolio with core IIoT platform framework capabilities. With this release, we are making it easier for organizations to take advantage of real-time insights and outcomes that can make critical operations more predictable and manageable. One of the highlights of this release is the introduction of IIoT Core software, which includes digital twins, ML (machine learning) service, and user interface components.

More than a decade into the Internet of Things (IoT) era, the immense potential of IoT is becoming real. We’re moving from proof of concepts and pilots to projects at scale. What’s become increasingly clear is the vast complexity of deploying IoT solutions at scale and the necessity to do so to become a data-driven business.

If your business is in the process of digital transformation, IoT technology may be factoring into your plans. IoT gives organizations across industries new opportunities to foster a more direct connection with customers. It lets them collect new data, turn that data into insights, and then turn insights into action. IoT has become so prevalent that companies in most industries can’t afford to put off adopting it.

In the age of a new normal, remote monitoring and control have become a necessity across the enterprise. The prominence of IoT extends beyond its traditional purpose of sense and integration, evolving to complete end-to-end Enterprise Digital applications that represent physical assets, processes, and environment as a replica in a virtual representation.

Historically, maintenance has been driven by a preventative schedule. Today, preventative maintenance, where actions are performed regardless of actual condition, is giving way to Predictive, or Condition-Based, maintenance, where actions are based on actual, real-time insights into operating conditions. While both are far superior to traditional Corrective maintenance (action only after a piece of equipment fails), Predictive is by far the most effective.

The connected reality of gadgets presented by the Internet of Things (IoT) can no longer be considered as just a buzz as it has already transformed our living to a great extent. The connected things made our homes, workplaces, and transportation smarter. No wonder IoT apps are now one of the most popular app categories. As the latest statistics reveal, the global market share of IoT apps is expected to touch a whopping 520 billion USD by the end of 2021.

The Internet of Things (IoT) is changing the way we physically and digitally interact in the world. With the global IoT market projected to reach nearly $2 trillion by 2028, developers are looking for ways to take advantage of the increasing demand and gain a cutting edge. For many teams, IoT development combined with using digital twins for verification allows them to make better decisions during development and visually market their devices after launch. How?

If you have read our previous post focusing on the challenges of planning, launching and scaling IIOT use cases, you’ve narrowed down the business problems you’re trying to solve, and you have a plan that is both created by the implementation team and supported by executive management. Here’s a plan to make sure you’ve got it all down. Think of these success factors like the legs of a kitchen table and the results that you desire, a bowl of homemade chicken soup.