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Along with the Internet of Things (IoT) came an array of demands, most of us are only now beginning to understand. Power supply, monitoring of IoT infrastructures, data transmission protocols and formats are a few of those. Keep yourself informed on how the IoT Monitoring world is evolving and what news are relevant.
The Internet of Things – IoT for short – emerged as a buzzword in 2015 (at the latest), subsequently becoming increasingly popular (and – admittedly – some people can’t hear it anymore). However, the core behind the term is a functioning technology that is indispensable in both the private and business sectors.Revenue on the Internet of Things market will amount to around €1,177 million in the current year 2022. Revenue is now even expected to show an annual growth rate of over 9% between 2022 and 2027, resulting in a projected market volume of nearly €1,900 million in 2027. In many branches of the economy, IoT will unfold its disruptive character in the coming years.
Today, many industrial assets are not connected, nor is the volume of operational data they generate used intelligently to guide decisions. On the other hand, the industrial sector is being called upon to decarbonize and aim for sustainability of operations, while still meeting the familiar targets of performance, safety, and cost reduction. Would it be possible to reduce or even eliminate this mismatch, i.e. use the untapped potential of industrial assets to make them more sustainable?What a recent ABB survey revealed is that there is a clear understanding among respondents that business performance and sustainability should go hand in hand, i.e. in the current global scenario
The share of the world’s population exposed to flood risks has increased by almost a quarter since 2000. And by 2030, millions will suffer the consequences of the advance of flooding due to climate and demographic changes, according to a study that analyzed satellite images and found that the growth rate of flooding is much higher than predicted by computer models.With more citizens at risk every year, solutions that can provide real-time data and analysis have become critical to be able to act early and save lives and property. According to the NEEF, much of the coastal area of the United States, to name but one country, is likely to be threatened by more than 30 days of flooding each year.However, one example of how to protect against flooding comes from a US mountain town, with predominantly dense forest cover and flood plains. Cary, North Carolina, with a population of about 175,000, has embraced Internet of Things (IoT) technology to detect potential flooding. It is quickly becoming one of the smartest cities in the United States.
With the advancement of the Internet of Things (IoT), which is already permeating several industries such as manufacturing, transportation, and retail, the concern is also growing: how to ensure that IoT devices are secure and free of vulnerabilities, so they do not become an easy target for cybercriminals seeking to hack them to launch DDoS attacks. Security is precisely one of the main factors that have hindered the wider deployment of IoT devices on a large scale.Another problem with current IoT networks is scalability. Centralized authentication and authorization systems for IoT devices will become a bottleneck as more and more IoT sensors and equipment are networked.So why not give these devices an identity that can be efficiently validated and verified throughout their lifecycle to avoid crises arising from lack of security and scalability? And who can do that? The answer is blockchain.
