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Internet of Things IoT: Internet of Things and Cloud Services Help to Enhance Business

| Editor: Dominik Stephan

The industrial world is getting increasingly connected as the volume, variety and velocity of information continue to accelerate. Information-driven companies are moving to a culture and business model where decisions are made based on analysis of plant data and business processes. Here’s an overview on how the Internet of Things (IoT) will further improve these processes.

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New high-performance systems that can support Internet and cloud connectivity as well as predictive asset management through use of mobile devices
New high-performance systems that can support Internet and cloud connectivity as well as predictive asset management through use of mobile devices
(Picture: ARC Advisory Group)

Companies employ software to collect, contextualize, visualize, and analyze data to gain new insights. Armed with new insights, organizations can anticipate changes and drive better business results. In no other period in the history of automation have so many technologies been available in the market – and all of them are interconnected and available to be implemented almost simultaneously.

The transformation of the industry has begun. Internet of Things (IoT) is the next big thing for industrial enterprises and is all about being collaborative. The industrial internet revolution is taking place due to the convergence of automated industrial systems with the power of advanced computing, analytics, low-cost sensing and new levels of connectivity permitted by the internet.

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These innovations promise to bring greater speed and efficiency to industries as diverse as aviation, power generation, oil and gas, railways, and health care delivery. It holds better jobs, and raising living standards.

The IoT can be defined as connecting intelligent physical entities such as sensors, devices, machines and assets to each other, to internet services and to applications. Its architecture builds upon current and emerging technologies such as mobile and intelligent devices, wired and wireless networks, cloud computing, Big Data, analytics and visualization tools.

Other related technologies like SaaS (software as a service) and embedded social networking (facilitating personal and enterprise collaboration) also speed communication. Connected enterprises are a reality today and early adopters have realized the benefits. Zero downtime, enhanced productivity, optimized resource utilization, and improved profitability are key benefits derived from this concept.

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