Recent events have highlighted the growing need for enhanced cybersecurity.
It’s not uncommon to drive about any major city at night and see many buildings illuminated despite the fact that the workers went home hours earlier. Likewise, manufacturing plants the world over often have equipment unnecessarily consuming energy during idle periods. Power plants create and store energy everyday and use energy distribution grids to distribute energy to users, but are they doing it “smartly?”
With rising concerns about global warming, this immense waste of energy undoubtedly hurts the environment, but it also hurts business. Offices, manufacturing plants, commercial spaces and power grids all stand to benefit financially from better and “smarter” energy management.
How IoT Reduces Energy Usage for Businesses and Manufacturing
In his article, “Report: Lofty Energy Management Goals Far Ahead of Reality,” (Panoramic Power, August 5, 2015) Jon Rabinowitz points out that most companies receive data on their energy usage only at the end of each billing cycle, which is usually a month at a time. By incorporating Internet of Things (IoT) technology, energy consumption data will be available in real-time, and energy-reducing measures can be implemented as soon as a problem gets detected (rather than waiting until the end of the month). Integrating smart devices through IoT technology will provide greater visibility into energy usage and help both industrial and commercial enterprises save energy, and as a result, save money.
Starting with simple, smart and low cost sensors, like User to User Information (UUI) and Feature Driven Development (FDD) devices, businesses can reduce energy usage and cost by dimming lights, turning off unnecessary equipment and improving the use the cooling/heating apparatus. Software that collects and correlates granular usage data, performs analytics and then converges information to increase efficiency will make manufacturing plants “smarter,” and thus more cost-effective.
Local and remote sensors that detect points of inefficiency quickly and perform triage to decrease waste will also reduce the need for maintenance as constant monitoring will detect small issues before they become big problems. Continuous optimization through 24/7 monitoring will assure that energy is not wasted during slow periods in between high-usage spans, while maximizing the use of energy-demanding equipment at critical times.
Specific Use Cases – Energy Production and Management
- General Electric’s Asset Performance Management software connects disparate data sources in power plants, enabling data analytics to guide energy usage and to increase efficiency (“10 Real-Life Examples of IoT Powering the Future of Energy,” Internet of Business, Freddie Roberts, Oct. 7, 2016).
- Duke Energy, a Florida-based electric power holding company, has developed a self-healing grid that automatically reconfigures itself when power goes out. Using digital smart sensors at sub stations and on power lines, the system automatically detects, isolates and reroutes power in the most efficient way when problems occur (Roberts).
- Pacific Gas & Electric Company is testing drones as a means to monitor and evaluate electric infrastructure systems in hard-to-reach areas. The ease of access will allow more frequent and consistent monitoring and drastically reduce the amount of methane leaks and other unwanted disruptions. (Roberts).
Energy Saving in the Auto Sector
Nissan (manufacturer of the world’s best-selling electric car, the Leaf) and ENEL (Europe’s second largest power company) have teamed to develop an innovative vehicle-to-grid (V2G) system that creates mobile energy hubs, which also integrates the electric cars and the power grid. The system allows Leaf owners to charge at low-demand, cheap-tariff periods, while allowing owners to use the energy stored in the car’s battery to power their home during peak periods, or when power goes out. Owners can store excess energy, or return it to the grid, making the entire system more efficient for everyone (“Nissan and ENEL to test first Grid Integrated Vehicles in Denmark,” Copenhagen Capacity, December 11, 2015).
As evidenced by these specific use cases, IoT technology is making energy-intensive systems in power generation and in manufacturing far more efficient. It’s good for the environment, but it’s also good for business. Intelligent implementation of energy saving technology stands to benefit every business, from small commercial enterprises to the largest power producing utility companies in the world. It’s time to make the move to smarter energy usage, for both the environment and for your bottom line.
Originally published on the Unified Inbox blog
About the Author
Richard Meyers is a former high school teacher in the SF Bay Area who has studied business and technology at Stanford and UC-Berkeley. He has a single-digit handicap in golf and is passionate about cooking, wine and rock-n-roll.
- Newborn babies are given wristbands, allowing a wireless network to locate them at any time.
- They have installed wireless sensors in refrigerators, freezers and laboratories to ensure that blood samples, medications and other materials are kept at the proper temperatures.
- Hospital has more than 600 infusion pumps which are IoT enabled. BMC staff members can now dispense and change medications automatically through the wireless network, rather than having to physically touch each pump to load it up or make changes.
- Data security & lack of standard security policy
- Hospital’s internal system integration with IoT data
- Further changes and improvements in IoT hardware
Only then we will be able to know that AI is helping us like Iron Man's Jarvis or planning to eradicate us like Terminator!!
The widespread use of the Internet of Things (IoT) is systematically impacting worldwide growth in online transactions, and research from Gartner underscores that this trend shows no signs of waning.
This compounding growth in connected devices and their use in online transactions has created new challenges for merchants trying to stay compliant with a complex web of global ecommerce regulations that vary by country and state.
As merchants bear the burden of regulatory compliance, they need to be able to quickly adapt to changes to ensure competitive advantage and sustained success.
Take the popular “driver for hire” company Uber. A few years ago in India, Uber’s largest market behind the U.S., the government closed a loophole in a 2009 law. The amended law required two-step authentication (with verification codes sent via text or email) for any “card not present” transaction. In other words, the ease of the Uber app’s payment system was now illegal for the sake of added consumer protection.
This not only put the company at risk of noncompliance in India, but the change could have shut down the company’s operations in India altogether. Even though Uber acted quickly and updated its app, consider the potential negative consequences had it not been able to pivot: heavy fines, potential lawsuits or, even worse, allowing an opportunistic competitor to strategically enter the region. The ability to nimbly pivot when facing unexpected changes is what has, in part, given industry leaders like Uber market dominance.
This past November, the EU introduced legislation banning unjustified geo-blocking between European member states to boost ecommerce across the region.
Geo-blocking is a discriminatory practice preventing customers from making online purchases outside of their resident nation. With the new legislation, a consumer in France, for instance, can purchase goods off a German ecommerce site instead of being re-routed to the French site, where prices may be higher.
This measure was made to promote – rather than restrict – commerce in the EU , forbidding traders from blocking or limiting customer access to their online interface based on nationality or place of residence. And while the new legislation provides a tremendous advantage for the consumer, it forces merchants to adjust how they’d previously done business. Opening up the market, merchants not only lost their price discrimination leverage, but also had to ensure they updated their payment processing and other systems to avoid business disruption and remain compliant. Ultimately, those that are flexible enough to address these requirements will thrive over less nimble competitors.
One thing is certain for merchants: as consumers buy more online, merchants need to prepare for the unexpected. The previous examples just scratch the surface when it comes to adjusting for new ecommerce regulations. Many questions remain unanswered when it comes to commerce and consumer protection, namely:
- Will products enabled with automated subscription services (think Tide detergent ordering replenishment pods) have a required notification period before an order is placed?
- Will a consumer’s electronic signature be required before an order is authorized, as in the Uber example above?
- Does information that is collected and related to health and wellness, such as fitness tracker/health band data, fall under the protection of additional medical regulations like HIPAA (in the United States)?
How merchants navigate this murky regulatory landscape is critical. Each new regulation can reset the competitive playing field, making flexibility a company’s most important asset.
Companies have every reason to be opportunistic as regulations shift and new opportunities arise. The trick is to put your company in a position to turn the inevitable complexity of global commerce compliance into a competitive advantage – something that may be giving merchants headaches now, but will be well worth the pain once the groundwork has been laid.
We have now entered an era with a new virtual revolution, particularly, the Internet of things (IoT). The virtual revolution marks the starting of information age. We use the Internet almost every day. The net has turned out to be one of established ways for us to work together, to share our lives with others, to shop, to teach, to research, and to learn. However the next wave of the Internet isn't about people. it's far about things, honestly?
All about IoT
IoT is defined as the network of physical objects that can be accessed through the Internet. These objects contain embedded various technology to interact with internal states or the external environment.
IoT is characterized as "the figuring frameworks of sensors and actuators associated by systems, where the processing frameworks can screen or deal with the status and actions of connected objects and machines, and the connected sensors can likewise screen the characteristic world, individuals, and creatures." The center of IoT is not just about interfacing things to the Internet. It is about how to generate and use the big data from the things to make new values for individuals, and about how we empower new trades of significant worth between them. In other words, when objects can sense and communicate, IoT has its knowledge to change how and where choices are made, and who makes them, and to pick up a superior esteem, solution or service.
Fundamental to the estimation of IoT is in actuality the Internet of smart things (smart IoT). Supported by intelligent optimization, smart IoT can increase productivity of work and enhance quality of lives for people. Let us take “cities” — the engines of global economic growth — as an example. Smart cities have the potential to dramatically improve the lives of everyone. In intelligent transportation systems (ITS), smart IoT can not only monitor the status of the transportation, but also optimize traffic signal controls to solve traffic congestion and provide the travelers with better routes and appropriate transportation information, etc. Combining IoT and machine learning (ML) can also make our roads safer. Profits by smart IoT have been shown also in health-care, logistics, environment, smart home, in the aspects of better quality, energy conservation, efficiency increase, and so on.
Smart IoT remains in its infancy now in terms of the technology development and the effect on our global economy system and our daily lives. Maximum IoT statistics aren't used presently within the era of big data. Maximum IoT has no intelligence inside the generation of artificial intelligence (AI). IoT which might be used these days are on the whole for anomaly detection and control, as opposed to optimization and prediction. Given the brilliant anticipated increase of the Internet over the following 10 years, it is considered one of vital challenges and possibilities for us to invent and practice in real-global programs on a way to make the IoT smarter to generate the greatest value.
Analytics has taken world by storm & It it the powerhouse for all the digital transformation happening in every industry.
A few weeks ago, when I returned from the MWC and I wrote about “The wandering souls Network”, I wondered if it would not have been better for my career if I had specialized in a very specific area instead of being a generalist. I think there are decisions in our life that in spite every of us can analyse many times, the final decision will be always the same, because each person is the way he is.
“I define myself today as “A Generalist specialized in Internet of Things (IoT)”
Although the rest of this article can possibly be applied to all White Collar professionals, I'm going to focus on how will affect your decision of being an IoT specialist or an IoT generalist in a futuristic world dominate maybe by Robots.
Defining IoT Generalist and IoT Specialist
Before start examining the pros and cons of becoming an IoT generalist or a IoT specialist in this competitive and unfair world, it’s important to understand the distinction of these two approaches and how they relate to our future career path.
The Merriam-Webster dictionary’s simple definition of a generalist states a generalist is “a person who knows something about a lot of subjects”. A specialist is defined as “a person who has special knowledge and skill relating to a particular job, area of study”.
An IoT Generalist is a professional that understand a bit of everything. The IoT Generalist can speak about new business models enabled by IoT, the value of ecosystems, all kind of networks connectivity, protocols, sensors, devices, Gateways, Architecture, Cloud Platforms, Edge Analytics or Predictive Maintenance. And of course, he must be up to date of standards and security. Such a professional should be able to present to C-Level but also to maintain an intelligent conversation with different technical people. A value added of an IoT Generalist is his/her social network reputation, industry expertise recognition and strategic relationship with IoT/IIOT vendors, Telcos, Analyst, System Integrators.
Being an IoT generalist also require a skill-set of project management, effective communication and good people skills.
Do you have anyone in mind?
An IoT Specialist is a professional that is a subject matter expert in at least one of the core IoT tracks. Since the IoT is very complex even though we try to simplify it with concepts such as IoT in a Box, an IoT Specialist should offer at least expertise in one of the following 6 distinct tracks:
- IoT Devices (IoT Hardware Engineer or IoT SW Embedded Engineer)
- IoT Connectivity (5G, LTE, NB-IOT, 3GLoRA, SigFox, WiFI, Bluetooth) (IoT Telco Engineer)
- IoT Platforms (IoT Architects)
- IoT Edge/Cloud Analytics (IoT Data Scientists)
- IoT Enterprise Integration (IoT Business Process)
- IoT Development and DevOps. Take a look “IoT Skills For Developers”
Do you have anyone in mind?
But possibly to survive the future era of robots, it may matter little to be an IoT Generalist or Specialist and you will need a mix of a (someone who starts out as a generalist, but also has in-depth knowledge over a particular area) or specializing-generalist (someone who is specialized in a particular field, but also has a broader understanding of other aspects of the business) as Lev Kaye, the founder and CEO of CredSpark, wrote.
Remember that moving between both extremes can be extremely difficult once a career path has been embarked upon, so the mix is always good to have. There is, of course, opportunity to move between general and special IoT roles. But the more experience a professional gain in one area or the other, the more difficult it becomes to make a transition, at least without suffering from a dramatic salary loss.
Advantages and Disadvantages of being an IoT Generalists vs an IoT Specialist
There are benefits and downsides to both career routes. In the following table I have included some upsides and downsides of becoming an IoT generalist versus becoming an IoT specialist.
“The good news is that IoT job market is likely going to require both”
Age does matter - Which path is right for you?
If you are at the start of your career, you are probably pondering which route you should take: IoT Generalist or IoT Specialist
When you start, selling yourself as an IoT generalist could be complicate to justify in a job interview, so will be better become a subject matter expert and then progressively move into a specializing-generalist
My Opinion: If you are under 30 you need to stay on top of your areas of IoT expertise and be willing to move when your expertise becomes a commodity or obsolete. This requires vigilance and the willingness to move with industry trends. You must be aware of disruptive trends in IoT technologies. Take into account that in the future, the IoT Specialists will be also under threat from software and robots.
But if you have already passed the barrier of 45 years and suddenly you want to use your background and experience to sell yourself as an IoT Generalist, remember that you have 6 months to demonstrate your added value (most of the time you will be required for selling) or you will be fired without any leniency.
My Opinion: As an IoT Generalist over 45 you will find harder and harder to get hired. You need to be creative and become at least in spirit an entrepreneur. You must continue creating your own brand and reputation and extending your network with key people in the industry. Opportunities for IoT Generalist will not be forever but they must fight project by project. It would not hurt to start specializing in any of the IoT tracks.
And Enterprise size matters too. What are you looking for?
Governments insist to sell us the importance of entrepreneurs for the well-being and sustainable development of countries and encourage us to create startups. Of course, there is no work for life except for Government employees. And it is known that the big multinationals are rewarded in stock market by the number of employees that are fired out each quarter.
Even so, startups are possibly the only way out for IoT Specialist under 25 or IoT Generalist over 45.
- · If you are an IoT Generalist over 45, find a job in IoT startups will be a chimera, except as Sales roles. Launching your own startup with other partners can be a better option.
- · If you are an IoT Specialist under 25 you can try to convince other colleagues to create a Startup and enter in the dynamic of find investors, win awards and pray for a stroke of luck. If you decide to work in an existing startup to get experience and you are not a Founder or Co-Founder, you must be prepared to be exploited, and then move to a Big company.
SMB (Small and Medium Enterprises)
IoT Generalists add value specially to medium to big international companies. Knowing the details about the complex ecosystem and can handle a vast array of technical concerns is becoming critical for SMBs. There is little need for IoT specialist as there are not enough technical needs in any one specific area to warrant a full-time staff member dedicating themselves to them.
This does not mean that if you are an IoT Specialist you should not try to work for a SMB. Other consideration like industry knowledge, proximity or quality of life will compensate the promises of more money and relevance in Big International companies.
- · IoT Generalist over 45 are typically more valued in smaller organizations. Small organizations typically cannot afford to hire a lot of IoT specialists. You will be more valued in smaller organizations who need their employees to wear a lot of hats. In a SMB the transition to a generalizing-specialist will be natural-
- · If you are an IoT Specialist under 25 and you do not pursue the fame of being a number in a Big international company, you can enjoy more in a SMB because you will have more probability to become more quickly a specializing-generalist.
Big International companies / Top IoT companies
Here we must separate into two types of companies: Top IoT companies including Big IT and OT vendors and End Customers.
There are many lists of Top IoT companies. Almost always these lists include the habitual suspects, and as usual they have notable absences and without forget that the ranks leave much to be desired. But at least such type of list provide the names of companies that either IoT Specialists of IoT Generalists should be searching for a job.
End Customer will need help from both IoT Generalist and IoT Specialist, the question is when and who are them?
- · The desire of an IoT Generalist over 45, that used to work on Big Companies, is return to a Top IoT Company or Big Enterprise. Although it would seem easy, it is by no means a road of roses. You must create your own strong personal brand and be a well-known and influencer of the industry.
- · If you are an IoT Specialist under 25 with experience in startups you will be hunted soon for one of IoT Top vendor. Do not let yourself be blinded by the name of the company, but the project and the future importance of IoT within it.
Looking beyond 2025, the begin of the era of robots
Not because I attend the MWC that specifically caused me to think back on the changes that will occur in the IoT job landscape, it was this conference in addition to the many other IoT events that I attended over the past years that make me think how IoT professionals will be living the strong gravitational rift as we approach to 2025 and beyond.
Unemployment is one of the main problems in today consumer owned society. The unemployment is especially cruel to young people in search of their first job. But also for those who have passed the barrier of 45 (IF $your age is >45 THEN "sorry you are overqualified”).
When I wrote “Your job will be in our special metal hands” I imagined a near future in which companies will use Recruitment Robots to search, identify, select and manage candidates and employees more efficiently. Although it is crucial you follow your heart and your passion when making the decision you should consider the requirements of future employers will be robots.
If today, what matters is knowing a little of everything in the Internet of Things, an IoT Generalist, cross-trained and energetic. Fast forward a few years, and the IoT profession will took a different turn. IoT Specialists must emerge, particularly in larger organizations. IoT Specialist should also be aware of the way IoT jobs will change. Several traditional IoT specialist jobs today will be facing the threat of automatization and will not have an easy time beyond 2025.
THE BOTTOM LINE
When deciding between IoT generalist and IoT specialist career paths, you need to carefully consider the type of person you are. Ultimately, the advantages and disadvantages of either path depend on your personality and drive. If you work hard towards achieving your career goals, you can do so as an IoT specialist and as an IoT generalist and remember you need to be passionate and your attitude will matter today and beyond 2025.
IoT Specialist or IoT Generalist? Choose your own destiny.
Thanks for your Comments and Likes
The Internet of Things (IoT) is a technology that extends digital connectivity to devices and sensors in homes, businesses, vehicles and potentially almost anywhere. This advance enables virtually any device to transmit its data, to which analytics can then be applied to facilitate monitoring and a range of operational functions. IoT can deliver value in several ways. It can provide organizations with more complete data about their operations, which helps them improve efficiencies and so reduce costs. It also can deliver a competitive advantage by enabling them to reduce the elapsed time between an event occurring and operational responses, actions taken or decisions made in response to it.
IoT utilizes what Ventana Research calls operational intelligence, a discipline that has evolved from the capture and analysis of data from instrumentation and machine-to-machine interactions of many types. We define operational intelligence as a set of event-centered information and analysis processes operating across an organization that deliver information to enable effective actions and optimal decisions.
The evolution of operational intelligence and its manifestation in IoT is encouraging companies to revisit their priorities and spending for information and other digital technologies. Ventana Research undertook benchmark research on The Internet of Things to determine the attitudes, requirements and future plans of organizations that use IoT and operational intelligence systems and to identify their best practices. We set out to examine both the commonalities and the qualities specific to major industry sectors and across sizes of organizations. We considered how organizations manage IoT, issues they encounter in the process and how their use of it and related technology is evolving.
While the Internet of Things may still be a novelty to many consumers, organizations participating in our research are well aware of its applications and implications. Four out of five (81%) said IoT is important to their future operations. Majorities said the use of IoT is very important to speed the flow of information and improve the responsiveness of individuals within business processes (61%) and to speed the flow of information to customers or consumers (58%).
The most common uses of IoT are associated with customers (as in sensors on products, by 43%), employees (in wearable technology, 35%) and sensors on devices in the supply chain (31%). At this point, however, more organizations are able to capture IT events (such as a network or system security breach, 59%) than business events (such as a customer contact, 45%). As organizations find more business uses, IoT and operational intelligence will become even more mainstream, and the research indicates that this will occur. Within two years, 95 percent of organizations said they expect to be capturing IT events and 92 percent to be capturing business events.
The research also finds that the intentions of organizations to embrace IoT and use operational intelligence often outpace their current capabilities. For example, many can capture data but face challenges in using it. More than two-thirds (68%) said they are satisfied or somewhat satisfied with their organization’s ability to capture and correlate data from events. After that, managing and using it become more complicated. Nearly one-third (31% each) reported difficulties with inadequate data or in managing external data. About half (48%) said they spend the most time reviewing event data for quality and consistency issues, which suggests a lack of standardization across the data sources that are collected.
Furthermore, most organizations are not ready to derive maximum value from IoT. The processes most commonly implemented, each by approximately half of organizations, are performing root-cause analysis, defining measurements and metrics, and monitoring and correlating activities or events. While these processes are necessary, they are only the first step in improving performance. Fewer have advanced to the point of automating processes, which will be necessary to make full use of the coming deluge of IoT data. For example, only about two in five use data from events to trigger automated processes such as predictive maintenance (38%) or automatic assignment of thresholds for alerts (39%).
This research overall finds strong momentum behind the emergence of the Internet of Things, but it also is clear that many organizations have not caught up to the trend. IoT is here, and its impact on business will only increase; almost all companies can benefit from paying attention to it. We encourage you to use this research to help educate and guide your organization through its IoT journey.
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