Читать книгу Machine Learning Paradigm for Internet of Things Applications - Группа авторов - Страница 46

IoT applications can lead to maximizing, innovating, and transforming customer and business process items.

 Optimization: IoT aims to minimize costs while maximizing effective utilization of assets during business processes.

 Innovation: IoT applications help to create diversified products/services, improve operations, and ultimately better service for customers.

 Transformation: By allowing disruptive business models, IoT is blurring industry boundaries; telematics, for example, covers both the transportation industry and the insurance sector.

In particular, IoT is supposed to add value to enterprise processes and to push value eneration to the next level for industrial applications.

 IoT is potentially Industry 4.0’s most critical element in terms of Digital automation of industrial processes and structures.

 Diverse technologies related to this are evolving, including quality sensors, more stable, efficient networks, high performance computing, robots, artificial intelligence, and computational technologies and increased reality.

 In the manufacturing and automotor sectors, IoT demand growth will be powered mainly by linked units with transport and logistics as the major part of the industry-specific IoT sales. The largest volume of IoT adoption is anticipated in industrial and automotive sectors. Built linking units are projected to be around 0.7 billion in both sectors by 2020.

 While the number of industrial facilities projected to rise by over 2× between 0.32 and 0.68 billion in 2014, 37× will increase from 0.02 billion in 2014 to 0.74 trillion in 2020 for the automobile market.

 The car industry is expected to see the highest level of revenue growth up to 303 billion dollars by 2020. Transportation and logistics, on the other hand, are expected to increase IoT revenue for the industry.

The Indian IoT ecosystem has a selection of around 120 participants, including hardware vendors, device vendors, network operators, and device integrators.

 IoT provides players with prospects across the supply chain with application vendors aiming to capture 50% of the IoT market in India.

 Technology providers concentrate on both vertical and horizontal applications, including commercial and industrial IoT solutions. In addition to appealing to a broad portion of customers, they seek to deliver tailored solutions to the niche consumer community.