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How an IoT Consultant Can Reduce Cost and Optimize Processes

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How an IoT Consultant Can Reduce Cost and Optimize Processes

Even though the development of modern technologies is a process that began long ago, there are plenty of things that might seem confusing to many people. One of those things is the Internet of Things technologies. In this article, you will learn everything you need to understand this technology and how a consultant like this can be beneficial to your business.

What Is IoT?

The Internet of Things or IoT is a term that became quite popular over the last decade. However, despite its popularity, there are still people who don’t completely understand this phenomenon. So what is it, IoT? There are many ways to explain IoT technology. These are the devices themselves that go online and interact with each other. This is also a way of connecting – M2M – machine-to-machine, without human intervention. It is also the big data that devices are now generating. Data that can (and should) be collected, analyzed, and further used to improve comfort or make business decisions.

IoT can be used in any industry where something can be automated. Currently, there are over 10 billion connected IoT devices out there and the number only keeps growing. The biggest development of this technology can be seen in the agricultural sector, logistics, and Smart City. IoT makes it possible to save on equipment maintenance: sensors collect information about the condition of the equipment, making the maintenance and repair processes timely and easy. 

What Is IoT Consulting and How You Can Apply It to Your Business?

The Internet of Things is a rather new field, which makes it necessary for companies to come up with their own way of how to use IoT platforms which all require a personalized approach. A professional IoT consultant is an exact specialist who is able to advise on the best way to do that. Various devices and sensors that belong to the Internet of Things group of products can help you produce insights and actionable items. 

How an IoT Consultant Can Reduce Cost and Optimize Processes

However, modern-day businesses and organizations lack an understanding of how the new technologies can positively impact their game and often require help when kick-starting such initiatives. By launching IoT initiatives, the company can gain the potential to reduce operational costs, optimize internal workflows and build unique reports to backup strategic moves with data. It is the launching stage where the IoT consultants can become a true gem to your business.

However, to achieve success in IoT, it is not enough to connect some devices to the Internet. The company must align its digital transformation plan with its overall development strategy, apply optimal new technologies such as artificial intelligence (AI), augmented reality (AR), and blockchain, collaborate with the right partners and digital ecosystems and implement new processes and working methods.

The Rising Popularity of IoT Consulting Companies

IoT solutions are growing in demand each day, and the rates for such specialists’ services are increasing accordingly. The data provided by the IoT empowers businesses to develop new value propositions for consumers, improve efficiency, and gain unique insights into how to create value for customers. The IoT consultants help organizations discover new revenue streams, improve efficiency, and seize new opportunities.

However, not every company out there can afford to hire an IoT developer or even a remote IoT team. But, this is not a reason to avoid the chance to give a boost to your company’s development, isn’t it? What could you do in a situation like that, though? The answer is: hire IoT consultant. Luckily, the cost for an IoT consultant is generally lower than developers and engineers of the same field.

The Typical List of IoT Consulting Services

IoT consultants perform a wide variety of tasks for modern companies. One of the most popular services include the following:

  • Looking out for potential use cases. These consultants will closely observe your business and its typical activities to identify potential cases of IoT use. At the same time, an IoT consultant will be able to advise you on the best ways on how to incorporate this technology into your daily workflow. 
  • Development of the IoT strategy. For this technology to actually bring value to your business, it has to be properly implemented. Not being an expert in IoT you might cause unintentional damage, so it is always best to leave such tasks to the professional. 
  • Research and development, prototyping. IoT is not an old technology and some research still needs to be done, if you want to see positive results of this kind of implementation. With proper prototype building and thorough research, an IoT consultant will be able to predict possible challenges and smooth them down. 
  • Choosing a proper hardware and software vendor. Years of experience your IoT consultant has will allow them to advise you on the best soft- and hardware on the market. 

Hiring an IoT Consultant

Things to consider when hiring the IoT consultant:

  • Previous background. The ideal candidate is someone who has a degree in either Computer Science or Civil/Industrial Engineering.
  • Interest in technology. Your ideal consultant should be enthusiastic about all things IoT and staying up to speed with its latest trends.
  • An eye for IoT. Look for an early adopter and for someone who is constantly keeping an eye out for the next big thing.

Final Thoughts

The Internet of Things (IoT) is a network of devices with embedded software and sensors connected to the Internet that collect, transmit and exchange data. The IoT connected devices, sensors, and people provide a new means of communication between human and machine, software, and hardware. The IoT is creating a new world that is open to everyone, offering constant connectivity for humans, from home or work to entertainment. To implement IoT solutions, it is important to ensure the appropriate level of security, confidentiality, reliability and resiliency of systems.

Acting as a bridge between the physical and digital worlds, the Internet of Things offers tremendous business opportunities. IoT consultants help clients realize the benefits of emerging IoT technologies by building complex business models that connect technologies, suppliers, and consumers. Whether you just start your IoT venture or are already making your way through it, the IoT consultants will help you get the best of new technological possibilities and set them in harmony with your business strategy.

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Panasonic Comes up with a New Full-range F1.7 Telephoto Zoom Digital Interchangeable Lens for Mirrorless Cameras

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Panasonic Comes up with a New Full-range F1.7 Telephoto Zoom Digital Interchangeable Lens for Mirrorless Cameras

 Panasonic has introduced a new telephoto zoom digital interchangeable lens, the LEICA DG VARIO-SUMMILUX 25-50mm / F1.7 ASPH. (H-X2550), which boasts a large F1.7 aperture throughout the entire 50-100mm (35mm camera equivalent) zoom range with exceptionally high optical performance clearing the stringent LEICA standards. The LEICA DG VARIO-SUMMILUX 25-50mm / F1.7 ASPH. excels at both photo shooting and video recording, satisfying professional photographers and videographers alike.

The new LEICA DG VARIO-SUMMILUX 25-50mm / F1.7 ASPH. (H-X2550) is been designed to be paired with with the LEICA DG VARIO-SUMMILUX 10-25mm / F1.7 ASPH. (H-X1025), a currently available lens which has been highly acclaimed by creators. They both feature the full-range F1.7 high-speed aperture that provides beautiful bokeh and high descriptiveness. The two lenses cover a focusing distance from wide angle to telephoto, functioning as eight fixed focal length lenses (20mm / 24mm / 28mm / 35mm / 50mm / 75mm / 85mm / 100mm, 35mm camera equivalent) providing the same or an even higher level of descriptiveness than a fixed focal length lens can offer. They have common aperture, high descriptive performance, shape and operability, enabling creators to produce their own unique image product using these two lenses with minimal workflow.

Comprising 16 elements in 11 groups, the lens system features an aspherical lens and three Extra-low Dispersion (ED) lenses that effectively suppress the axial chromatic aberration and chromatic aberration of magnification. Spherical aberration and distortion are also corrected by the aspherical lenses for stunningly high resolution. The use of aspherical lenses and the optimum design of the lens system results in a compact size and light weight while still achieving outstanding optical performance.

Compatibility with a maximum 240-fps high-speed sensor drive realizes high-speed, high-precision auto focusing. In addition to the silent operation achieved by the inner focus drive system, the stepless aperture ring and micro-step drive system in the aperture control section help the camera to smoothly catch up to brightness changes when zooming or panning. The optical design achieves exceptional barycentric stability to minimize image shifts during zooming. A focus ring is equipped for intuitive, precise focusing and linear/ non-linear setting can also be switched with this ring. The LEICA DG VARIO-SUMMILUX 25-50mm / F1.7 ASPH. also excels in video recording performance with a mechanism that suppresses focus breathing at entire zoom range.

The LEICA DG VARIO-SUMMILUX 25-50mm / F1.7 ASPH. boasts minimum focusing distance of 0.28m (at wide end, 0.31m at tele end) and the maximum magnification ratio of 0.42x (35mm camera equivalent) for superior macro photography. The rugged dust/splash-resistant* design for high mobility withstands use under harsh conditions even in 10 degrees below zero. Filter diameter is in 77mm.

The LEICA DG VARIO-SUMMILUX 25-50mm / F1.7 ASPH. (H-X2550) will be available at valued channel partners for $1,799.99 at the end of August.

*Dust and Splash Resistant does not guarantee that damage will not occur if this lens is subjected to direct contact with dust and water.

•Design and specifications are subject to change without notice.

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Internet of Things

Global IOT market worth $106.1 billion by 2026 – Report by MarketsandMarkets

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Global IOT market worth 6.1 billion by 2026 – Report by MarketsandMarkets

According to the new market research report “Industrial IoT Market by Device & Technology, Connectivity Type, Software, Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), and Geography – Global Forecast to 2026”, published by MarketsandMarkets™, the global IIoT market size is expected to grow from USD 76.7 billion in 2021 to USD 106.1 billion by 2026, at a CAGR of 6.7% during the forecast period.

The growth of the IIoT market is driven by factors such as technological advancements in semiconductor and electronic devices, increased use of cloud computing platforms, standardization of IPv6, and support from governments of different countries for R&D activities related to IIoT.

IIoT market for smart beacons technology to grow at a high rate from 2021 to 2026

The IIoT industry for smart beacons is expected to grow at a significant rate between 2021 and 2026. Smart beacons function as signal transmitters that are majorly battery-powered and can be configured with the help of a mobile app. This makes them scalable and highly portable; when Bluetooth-enabled devices, such as smartphones and tablets, come in a beacon’s vicinity, the signal turns on the application in these devices and triggers activities associated with the beacon signal. Further, the increasing demand for IoT solutions worldwide is expected to propel the growth of the market for smart beacons.

Manufacturing vertical held the largest share of the IIoT market in 2020

Over the past few years, there has been an introduction of new approaches and technologies, such as smart factories, cyber-physical systems, and intelligent robotics. Governments in countries such as Germany, the UK, France, the US, China, and India have taken several initiatives for encouraging manufacturers to increase their investments for the adoption of IIoT solutions. The manufacturing vertical is expected to hold the largest share of the IIoT industry in 2021. However, the demand for the agriculture vertical is expected to grow at the highest CAGR during the forecast period.

Browse in-depth TOC on “Industrial IoT Market

94 – Tables

55 – Figures

214 – Pages

IIoT market in APAC to grow at the highest rate during the forecast period

The IIoT industry in APAC is expected to grow at the highest CAGR during the forecast period. APAC is the largest manufacturing hub globally; it is also emerging as a large-scale hub for the metals and mining vertical. Infrastructural and industrial developments in emerging economies such as China and India are contributing to the growth of the IIoT market in this region. These factors are contributing to the growth of the market in North America.

The leading players in the industrial IoT market are Huawei (China), Cisco (US), GE (US), Intel (US), Rockwell Automation (US), ABB (Switzerland), Texas Instruments (US), Honeywell (US), IBM (US), KUKA AG(Germany), NEC Corporation (Japan), Bosch.IO (Germany), Siemens AG (Germany), and SAP (Germany).

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MemVerge and Hazelcast to Co-Develop Big Memory Solutions for Financial Services

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MemVerge and Hazelcast to Co-Develop Big Memory Solutions for Financial Services

MemVerge™, the pioneers of Big Memory software, and Hazelcast, the fast cloud application platform, today announced a development and marketing partnership. The Hazelcast platform, featuring real-time streaming and memory-first database technologies, is being integrated with MemVerge memory virtualization and in-memory snapshot technologies to unlock Big Memory capacity and fault-tolerance. The technologies and software will be shaped into Big Memory reference architectures for Financial Services starting with Basel III Compliance solutions that will be introduced in the second half of 2021.

“Financial institutions are reporting that analytics jobs needed for Basel III compliance are growing in size and complexity,” said Kelly Herrell, CEO of Hazelcast. “The reference architectures we develop with MemVerge will enable our customers to transform processes, accelerate the completion of jobs and increase the reliability of applications to capture value at every moment.”

For IT organizations, channel partners, and vendors who need quick access to a Basel III Compliance solution, five Big Memory labs will be available for demonstrations, proof-of-concept testing, and software integration. Visit the Big Memory Lab page at memverge.com for information about capabilities and scheduling time in each lab: Arrow, Intel, MemVerge, Penguin Computing, StorageReview.com, and WWT.

According to Charles Fan, CEO of MemVerge, “The Hazelcast platform excels at large-scale computational jobs such as executing and scaling financial risk calculations. MemVerge Memory Machine™ software complements Hazelcast with the ability to scale-up memory capacity to terabytes per server with in-memory snapshots for fast crash recovery of an entire cluster. The combined power of Hazelcast and MemVerge will deliver superior performance and reliability to our joint customers in financial services.”

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