Internet Of Things [ IOT ]
What Is IoT ( Internet of Things ) :
The internet of things, or IoT, is a system of interrelated computing devices, mechanical and digital machines, objects that are provided with unique identifiers (UIDs) and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction. The IoT is the network of physical devices , vehicles , home appliances, and the other items embedded with electronics , software , sensors , actuators and connectivity which enables these things to connect , collect and exchange data , creating opportunities for more direct integration of the physical world.
The Internet of Things (IoT), also sometimes referred as Internet of Everything (IoE), consists of all the web-enabled devices that collect, send and act on data they acquire from their surrounding environments using embedded sensors, processors and communication hardware. Building on top of the Internet of things, the web of things is an architecture for the application layer of the Internet of things looking at the convergence of data from IoT devices into Web applications to create innovative use-cases.The IoT device will typically be connected to an IP network to the global Internet. Commercial IoT, where local communication is typically either Bluetooth or Ethernet (wired or wireless). The IoT device will typically communicate only with local devices.
IoT Market In India :
From sensors and security cameras to vehicles and production machines –14 billion devices will be connected expectedly by 2022. Connecting devices results in data that open up new insights, business models, and revenue streams. Is your device connected too? Are you ready to embrace the change? The connected world will impact consumers and the business world alike and show changes how customers and companies come together. Growing need for real-time monitoring, tracking and automation coupled with favorable government initiatives to drive IoT market in India
IoT market in India is projected to grow at a CAGR more than 28% during 2015 – 2020. Growth inthe market is anticipated on account of ongoing technological developments in IoT technology for providing better connectivity and coverage as well as real-time monitoring & tracking of services and systems across diverse industry verticals to reduce operational and manpower costs. Moreover, various government projects such as smart cities, smart transportation, smart grids, etc., are also expected to further propel use of IoT technology in the country over the next five years.
In the IoT landscape, number of connected devices have also been increasing at a tremendous rate over the last few years. Various companies across India have realized that they can use data to optimize costs, deliver better services, and boost revenues. In 2014, consumer electronics dominated the India IoT market, followed by automotive & transportation and BFSI sectors.
“Growing adoption of Cloud in IoT services and shifting focus over industrial IoT (IIoT), rising market of M2M communication and increasing trend of wearable technology applications are among the major factors driving IoT market in India. Moreover, government launched International IoT Research Collaboration Scheme (IIRC), which aims to attract private investments in IoT related R&D. Furthermore, various Indian companies are increasing their focus and partnering with other companies for developing new IoT and M2M solutions.
“India Internet of Things (IoT) Market Forecast and Opportunities, 2020” has evaluated the future growth potential of Internet of Things (IoT) marketin India, and provides statistics and information on market structure, size, and shares. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India Internet of Things (IoT) market.
The 2020 total of IoT devices installed across the world will be more than twice this year's figure, says Gartner. There will be 8.4 billion connected things in 2017, setting the stage for 20.4 billion Internet of Things (IoT) devices to be deployed by 2020, according to analyst firm Gartner.
The Internet of Things (IoT), a vast network of smart objects which work together in collecting and analyzing data, is a promising concept of the technology industry for the coming years.
BigSun Solution Offerings and Services :
IOT Consulting : We offer IoT consulting services to startups, and brands small or big. We want to help you in showing how interconnected devices i.e. IoT, a future that we cannot ignore work.
Cloud Integration : As companies leverage SaaS Solutions and start moving application workloads to public cloud , the need for integration grows. We will integrate cloud apps seamlessly.
Smart Apps : Using our IoT services, all of your apps will be interconnected. We call them “smart apps”, which are eventually seen as the future of managing devices on a large scale.
Insights you get from data can be the most valuable asset in determining your overall IoT strategy. The ability to quickly secure, automate, aggregate and draw insights from data can ultimately define your success. This can be simplified by transitioning to an intelligent, IoT-based infrastructure with the BigSun IoT System.
Moving operational systems to the Internet of Things (IoT) can be challenging. Without building an entirely new infrastructure BigSun can help you to connect operational systems, link the operational network to IT systems, provide end-to-end security and use data more effectively.
The future is now all wireless thanks to the internet and wireless IP technology that can be leveraged to gain maximum benefits from IoT. BigSun helps you in quickly transforming your operational network to an IP-based industrial network using strategy development, architectural assessments, network architecture design, deployment assistance, and technical support.
Our approach is structured around the emergence of an IoT Ecosystem which has given rise to an asset value chain comprising of connections of things,data, process and people.
Our Offerings : Our Define , Build and Run Offering and IoT solutions cater to organizations at different IoT adoption levels.
Define : Plan your IoT program customized to your business needs.We define the right IoT landscape for you to kick start your IoT journey.A structured approach is taken to understand your business needs and solutions, accelerating your time to market with low risk.
Build : Implement your IoT program with secure ecosystem based solutions.
As part of Build we offer off the shelf capabilities , solution frameworks and acceleration suites that allow rapid development and deployment of production version application.
IoTize Assets : Enabling devices to sense , communicate network and produce information and secure communications between devices and cloud.
IoT Data Platform : Enabling secure data ingestion ,management and syndication. Enabling multi tenant application and analytics platform and enabling exploratory data science.
Apps and Analytics : Enable customer defined business application or micro service, Enterprise Integration and Enable Analytical models to generate business insights.
Run : State of the art IT /OT support services to realize value of IoT We ensure smooth running of IoT in your company via integrated operations platform , enterprise information , process management and IoT platform support services.
IoT Value Proposition - Business Benefits :
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IoT solutions is a key digital transformation driver of Customer Experiences , Business Models and Operational Processes for your business. The IoT solutions transforms customer experiences in huge , tangible ways , thereby increasing attraction , satisfaction and retention by way of gaining greater quicker insights , delivering high quality support , creating new offerings and target marketing efforts.
- IoT Solutions can enable simplification of your operations , saving costs and focusing on innovation rather than repetition. Its ways IoT transforms operational processes are by streamlining your processes , enabling your workers , managing your performance , increase your compliance.
- IoT solutions is the best ultimate force multiplier is in its potential to transform your business models to achieve higher revenues and RoI. The ways IoT transforms business models is obtained by globalizing your operations , collaborating in your ecosystems , creating new businesses and offering new business models.
BigSun IoT Implementation roadmap in 5 phases of maturity is as follows :
BigSun can help implement IoT Solutions in phases, starting with enabling device connectivity. Once your devices are connected, you can start monitoring and managing them. After you have gained confidence, you can leverage the device data for business innovation and collaboration.
- Connect
- Monitor
- Control
- Collaborate
- Transform
BigSun Technologies can help you at each stage of your IoT journey with a structured approach , leveraging our IoT products, IoT solutions and IoT services.
Major Steps to IoT Project Implementation :
Discovery Phase : What does IoT mean to your business ?
- Assess the Impact of IoT
- Idenitify IoT opportunities
- Prepare a Business Case
- Prioritize IoY Opportunities.
Proof Phase : What is the best way to proceed ? What should be done ?
- Build a Proof of Concept (POC / Pilot )
- Establish Fixed Time / Budget for Quick Validation
- Obtain Customer Feedback.
Launch Phase : How do you build , deploy and market IOT a Success :
- Expand POC /Pilot Scope for Minimum Value Proposition (MVP ) Solution
- Architect MVP for scales, reliability ,security.
- Achieve fast time to market by leveraging scalable platforms and API’s.
- Incorporate DevOps with customer success management.
Accelerate Phase : How do you re-imagine business and markets ?
- Expand into the next IoT opportunity
- Move up the value chain in sync with organization maturity transformation
- Delivery new services and customer experience
- Deliver new business models
- Build a data-driven business
- Expand the partner ecosystem
Talk to us today !
For how to launch an IoT Solution with our contextual commerce service for your organization.