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All Blog Posts Tagged 'IOT' (17)

5 Challenges of IoT Software Development You Might Encounter

Imagine you are sitting at your home and your entire house is connected to Google Home. You ask Google to dim the lights, turn on the tv, shut the windows, pull out your favourite throw cover, put up your favourite movie and finally order your favourite snacks. Or imagine you are managing your day-to-day schedule over your phone by just giving voice commands to your “intelligent assistant.” Sounds…

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Added by Emily Williamson on September 25, 2019 at 12:20am — No Comments

19 AI & IOT Use Cases in Banking Industry

"AI will be the most defining technology for the banking industry."

-Ravi Narayanan, HDFC Bank

Such a comment, coming from an organization (HDFC) which has taken a gigantic leap in adopting conversational banking in the form Eva, India’s first AI bank agent, isn’t surprising. However, make no mistake, AI is being accepted globally as the new UI for banks to interact with their customers. Industry thought leaders increasingly agree that…

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Added by Mahesh Kumar CV on May 4, 2019 at 10:00am — No Comments

Applied AI in Aviation

Global trends like fuel price fluctuations, geopolitical events and government regulations have a huge impact on the airline industry. In an industry at the mercy of unpredictable trends, it is all the more important for companies to gather, analyze and apply data intelligently to all business processes.

Some key use cases where AI will provide tons of value in the aviation industry are as follows:

1. Optimizing MRO via Preventive Maintenance

 Material…

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Added by Mahesh Kumar CV on May 4, 2019 at 10:00am — No Comments

13 Applied Artificial Intelligence & Internet of Things Industrial Use Cases in Retail Industry

"We used computer vision, deep learning algorithms and sensor fusion, much like you’d find in self-driving cars. We call it -Just Walk Out’ technology"

-Amazon

Much to the surprise of everyone in the retail industry, Amazon launched a new format of stores called "Amazon Go." The most interesting feature of these stores is that shoppers will not have to check out at a counter with a clerk or even with an automated kiosk. Shoppers simply have to swipe into the store with an app,…

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Added by Mahesh Kumar CV on May 4, 2019 at 9:00am — No Comments

The Role of Artificial Intelligence in Manufacturing: 15 High Impact AI Use Cases

According to the World Economic Forum, the global manufacturing sector could be one of the sectors most influenced by the latest technological trends like AI, machine learning and IoT - collectively termed Industry 4.0 - with great potential for disruption and transformation if these technologies are employed intelligently.

While AI has proven to be one of the most broadly disruptive technologies of the digital revolution, it best maximizes its potential when deployed in conjunction…

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Added by Mahesh Kumar CV on February 25, 2019 at 10:30am — No Comments

Using Blockchain Technology to Secure the Internet of Things (IoT)

Blockchain, which is a form of a decentralized digital ledger technology, has gained enormous attention in the recent years, precisely, since 2004. In fact, it has disrupted how major industries operate both locally and internationally.

Blockchain and security,…

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Added by Stevan McGrath on September 25, 2018 at 8:30pm — No Comments

Narrowband IoT Market – New Standardized Cellular Technology Optimized to Enable the Internet of Things

Narrowband IoT (NB-IOT) is a Low Power Wide Area Network (LPWAN) radio technology standard developed to permit a various services and devices to be connected using telecommunications bands. Narrowband Internet of things is a narrowband radio technology designed…

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Added by Alisha Wilson on March 1, 2018 at 2:00am — No Comments

The #1 IOT Challenge: Use Case Identification, Validation and Prioritization

You can’t get to the “What” and the “Why” by focusing on the “How”

In the gold rush to “monetize” IOT, organizations are frantically installing sensors on everything that moves (and some things that should not move), hoping that someone in the business will figure out a way to get financial value out of the resulting data[1].…

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Added by Bill Schmarzo on October 8, 2017 at 1:00pm — No Comments

5 Steps to Building a Big Data Business Strategy

“The problem is that, in many cases, big data is not used well. Companies are better at collecting data – about their customers, about their products, about competitors – than analyzing that data and designing strategy around it.”  

How can this still be the case? I mean after 5+ years of experience with Big Data, have we not learned a darn thing? We get the following observation from no less than the Harvard Business School:

The new…

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Added by Bill Schmarzo on September 26, 2017 at 6:30am — No Comments

Design Thinking: Future-proof Yourself from AI

It’s all over for us humans. It may not have been “The Matrix”[1], but the machines look like they are finally poised to take our jobs. Machines powered by artificial intelligence and machine learning process data faster, aren’t hindered by stupid human biases, don’t waste time with gossip on social media and don’t demand raises or more days…

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Added by Bill Schmarzo on August 31, 2017 at 1:00pm — No Comments

Autonomous to Smart: Importance of Artificial Intelligence

On Saturday February 11, 2017, my daughter and her friend were driving from a basketball game in Chico back to our home in Palo Alto. Unfortunately, due to several days of heavier than normal rains, the Oroville Dam spillway broke and flooded many of the roads between Chico and Palo Alto. My daughter’s smartphone mapping application wasn’t aware of the sudden danger, and proceeded to send her into the heart of the flooding (see Figure 1).…

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Added by Bill Schmarzo on July 22, 2017 at 2:00pm — No Comments

Me, Myself and Digital Twins

It’s hard to get into the world of the Internet of Things (IOT) without eventually talking about Digital Twins. I was first exposed to the concept of Digital Twins when working with GE. Great concept. But are Digital Twins only relevant to physical machines such as wind turbines, jet engines, and locomotives? What can we learn about the concept of digital twins that we can apply more broadly – to other physical entities (like contracts and agreements) and even humans?…

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Added by Bill Schmarzo on July 10, 2017 at 6:30pm — 2 Comments

The Future Is Intelligent Apps

I have seen the future! Of course, I seem to say that every other month (maybe that’s because the future keeps changing?), but this is a good one. The future is a collision between big data (and data science) and application development that will yield a world of “intelligent apps.” These “intelligent apps” combine customer, product and operational insights (uncovered with predictive and prescriptive analytics) with modern application development tools and user-centric design to create a…

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Added by Bill Schmarzo on March 9, 2017 at 10:30am — No Comments

Why Oxytocin, Dophamine & Adrenalin are key to creating engaging Data Products ?

Human behaviors, rituals & habits are the outcome of complex interplay of the environment and experiences they have been exposed to. These definitely play a big role in shaping our product interaction experience. All of us have intuitively understood the importance of "cognitive resonance" in the first 8 seconds we interact with a product and how that experience has subsequently shaped our outlook to our product. As…

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Added by derick.jose on November 27, 2016 at 10:00pm — 1 Comment

Why Data Scientists create poor Data Products ? ( And 5 things that can be done to change this )

As the consumer and industrial world gets massively digitized Data products are being baked into critical processes at a very high rate. These data products distill signals from massive torrent of human generated and machine generated data to drive a front line action . At this point we wanted to distinguish between 2 types of data products which we have seen in the market place

  1. Consumer Data…
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Added by derick.jose on November 9, 2014 at 1:30pm — 2 Comments

22 Non Statistical Questions for a Statistician

We have always believed that when the world of business collides with the world of math, magic unfolds. As these 2 worlds collide, it also presents a set of unique challenges - bridging the semantic language gap between business and math. Modelling complex business outcomes using math requires an interdisciplinary team consisting of business folks, data folks and math folks. While doing so business folks are always at a loss because a language chasm exists. Math folks love their ”geek…
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Added by derick.jose on June 17, 2014 at 2:00am — No Comments

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