Why the fight over IoT data is just getting started

A quick dive into the world of the IoT reveals the true value of its data, and shows that this new industry is only just getting started.

As the social and financial buzz around the IoT continues to grow, many savvy executives and eager entrepreneurs alike are chasing IoT investment opportunities with high expectations. In this investing frenzy, few things have garnered more attention that IoT data and its business applications, and for good reason. In big data, investors from all over the world have found their next digital gold mine.

So how exactly is the fight for control over lucrative IoT data playing out, and who are its biggest movers and shakers? How can companies small and large alike benefit from IoT data, and is this valuable resource really worth all of the hubbub it ceaselessly generates? A quick dive into the world of the IoT reveals the true value of its data, and shows that this new industry is only just getting started.

The heart of the IoT

While the very name of the Internet of Things implies that it’s value stems from the “things” – those handheld gadgets and innumerable digital devices and sensors which physically make up the IoT – the reality is that it’s data which is driving the IoT’s astounding cultural and financial impact. Wise investors realize that the physical devices which give the IoT form are only its physical body, while the data that runs through these devices acts as the vital blood and nutrients which powers and gives life to it.

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Article Credit:Network World

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Big Data: Insights Or Illusions?

What is Big Data? When infused with human understanding it can lead to powerful new insights. On the other hand it can be a “truth machine that you can’t challenge because it’s big data,” cementing and intensifying the toxic assumptions in a company. .

Christian Madsbjerg:  We did a really cool thing lately with computer science people and anthropologists, which are not groups that normally hang out so much together. But they found a common interest, which was science, really, but here we looked at fraud. So fraud, credit card fraud, is one of those topics that scares the hell out of every bank executive. And very little fraud is really detected. So what we did was we infiltrated fraud networks in Queens and in Boston to challenge a big bank on whether they really knew that much. And what we did was we lived with the fraudsters for awhile, and we learned how their business works. How they got into it. We understood what the practices are, who they work with, how they get rid of their stuff and so on. We found 50 hypotheses about their behavior that could then be tracked in the big data sets, but that the banks hadn’t even considered. They hadn’t even thought about it. I’ll give you a couple of examples. We found that they would buy Nike sneakers or trainers, but they would buy the same shoe in many different sizes.

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Article Credit:Forbes

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Big data capability requires teamwork

It goes without saying how important innovation and technology is. Just look at how Chief Executive Carrie Lam Cheng Yuet-ngor highlighted this sector in her maiden policy address.

I must emphasize, innovation and technology takes long and hard work. In particular, persistent efforts have to be made in developing data resources, which lie at the root of innovation.

When discussing with the business sector, I often hear that cross-department coordination is the biggest problem in data integration.

My suggestion is, there must be a mutual beneficial system to incentivize staff. I also like to remind others that it will only get harder if companies don’t build up their data ability now, and it will also get much costlier.

Gartner has released the top 10 strategic technology trends for 2018, among which it pointed out that artificial intelligence (AI) and machine learning would expand into almost every aspect, underpinning the digital platform and set the stage for business innovation over the next five years.

In fact, AI has already become part of the infrastructure of numerous companies. New technology is emerging fast. Other than data preparation, integration, algorithm, training methodology selection and model creation, technologies about constant risk evaluation is particularly important.

AI is also driving advances for new intelligent things, data assimilation, edging computing, self learning, etc.

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Article Credit:Ejinsight

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Why Space Data Is The New Big Data?

Space Data is about to get big. Thanks to the growing sophistication and falling cost of satellites, more businesses than ever are looking to the “final frontier” for insights which can be put to use here on Earth.

That’s the conclusion of a report that has just been published by Sparks & Honey. The trend forecasters surveyed thought leaders from around the globe on what the billions of dollars’ worth of private investment pouring into space projects would mean for industry on this planet.

They found that thanks to the ever-growing number of increasingly affordable satellite services, new uses for “space data” are opening up across many industries. In farming, satellite data can be used to monitor factors which influence crop yield. In real estate, areas prone to flooding or sinkholes can be more accurately identified, impacting property developments and prices. In retail, foot traffic around shopping centers can be monitored in real-time, giving an increased overview of how customers behave.

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Article Credit:Forbes

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Leading Québec hardware retailer begins their digital transformation with SAP and Beyond Technologies

ONTRÉAL, Oct. 17, 2017 (GLOBE NEWSWIRE) — Canac—one of Québec’s leading hardware and construction material retail chains—chose SAP Retail and Beyond Technologies for their digital transformation journey. Since 1981, Canac has demonstrated their extensive retail knowledge with 25 stores across Québec with a consistent growth in revenue and profitability.

In the past years, Canac recognized that the development and expansion of their offering placed a heavy strain on their current ERP system, which could no longer support it.

With this in mind, Canac launched their ERP selection process, looking for a long-term solution that could scale as they grow. As part of the selection process, Canac considered the following challenges encountered with their current solution:

  • Lack of scalability and flexibility to support their current and future growth
  • Overly customized solution that became increasingly difficult to evolve
  • Lack of data integration, limiting the communication and collaboration between departments
  • Inability to adapt to a digital omnichannel retail environment

In addition, Canac needed a solution that would greatly improve the in-store customer experience, both at the client service counter and at the point of sales.

After evaluating several solutions, Canac decided to select SAP and Beyond Technologies. With Beyond Technologies’ established credibility in the Québec retail market and SAP’s feature-rich and future-proof solutions, it was a natural fit.

One of the key points in our decision was Beyond’s skills to build a service desk counter application proof of concept in a very short period of time. Being able to preview the actual customer experience so far ahead of time was extremely valuable and demonstrated the robustness and flexibility of SAP”, says Marc Langlois CPA, CA, Financial Controller and IT Director at Canac.

Canac saw great value in our ability to define a clear and concise roadmap for their retail business. The company was also looking for a solution that would adapt to their changing business requirements without depending on the software vendor. We clearly demonstrated the benefits of client autonomy during hands-on workshops, which reinforced their decision of working with our team”, says Leonardo De Araujo, CTO at Beyond Technologies.

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Dell EMC’s Azure Stack Hardware Gets PowerEdge Upgrade

Dell EMC is giving its Azure Stack hybrid cloud solution a hefty upgrade, courtesy of the company’s latest PowerEdge servers.

First unveiled at the inaugural Microsoft Ignite conference in 2015, Azure Stack is a software and converged hardware bundles offered by select server manufacturers. It provides infrastructure and platform as a service functionality, essentially enabling organizations to run their own private Azure clouds within their data centers.

Using the same management and development tools as the Azure public cloud, the product enables customers that are well-versed on Microsoft’s technology to establish private and hybrid cloud computing environments quickly and with relative ease.

During this September’s Microsoft Insight conference, Dell announced it had begun shipping its Dell EMC Cloud for Microsoft Azure Stack to early support customers. Now, the company is taking the wraps off a major upgrade powered by its new, high-performance 14th generation PowerEdge servers.

“Compared to the previous generations, they feature improved price for performance and increased capacity—supporting more than up to 2.5 times the workload density for typical workloads. This increase in capacity enables customers to support more workloads in less physical space,” a Dell EMC spokesperson told eWEEK in email remarks.

Buyers can expect more of practically everything (CPU cores, memory, Solid State Drive cache and hard drive capacity) by stepping up to the newer systems.

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Article Credit:Eweek

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Technology Analytical Instruments Manufacturer Selects Bridgeline Digital for International B2B eCommerce Solution

BURLINGTON, Mass., Oct. 19, 2017 (GLOBE NEWSWIRE) — Bridgeline Digital, Inc. (NASDAQ:BLIN), a provider in cloud-based Web Content Management, eCommerce and Marketing Automation services announced today that a leading European technology analytical instruments company partnered with Bridgeline Digital to build a B2B International Commerce Solution powered by the Bridgeline Product Suite. This engagement is valued over $600,000 and includes a 3-year SaaS licensing agreement in addition to professional services.

The customer is a leader in the laboratory instrumentation market and provides solutions in more than 150 countries. This solution will provide the customer and several of its affiliate brands that manufacture water quality and flow monitoring instruments serving the water, wastewater, industrial, food & beverage, environmental and chemical sectors.

Bridgeline will provide a unified, multi-language, eCommerce implementation to accommodate the B2B channel while providing a more modern, intuitive and engaging customer experience. The solution includes deploying a multi-site framework to empower marketers to manage multiple affiliate brands in an efficient and automated manner. In addition, the solution offers a unified eCommerce experience for presenting a shared product catalog across brands with dynamic product search and filtering capabilities, a sophisticated shopping cart and robust order handling in addition to B2B customer account management with integration with back-office ERP and CRM platforms.

This engagement will address a number of current business challenges including General Data Protection Regulation (GDPR) compliance in Europe, inability to properly cross-sell between affiliate brands, lack of standardization across the multi-brand digital properties and inefficiencies in maintaining and updating these digital properties. Bridgeline’s Product Suite will be powering a modern, responsive, standardized and scalable solution to support the organization’s current and future growth needs.

“Bridgeline Digital is very excited to provide a comprehensive solution to manage the online customer experience and global eCommerce while streamlining operational efficiencies and driving incremental revenue for the organization,” says Ari Kahn, President & CEO of Bridgeline Digital. “This implementation adds to Bridgeline’s continued success in the industrial manufacturing sector and our ability to expand our services to meet the growing needs of customers,” added Mr. Kahn.

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Government seals SAP contract

The federal government has signed up global tech giant SAP to aid its quest to cut IT procurement costs, saying that the new agreement will cut down duplication.

Under the deal, which comes into effect immediately for all existing and new SAP contracts, government agencies purchasing SAP products or services will now follow a single licensing pathway.

SAP, along with IBM and Oracle, is a major provider of solutions across the government, having secured close to $2.5 billion worth of contracts since 2005.

The federal government is currently in talks to secure whole-of-government arrangements with IBM and Oracle. It also has a volume sourcing arrangement with Microsoft In place, which has generated savings of more than $200 million since coming into operation in 2008.

Assistant Minister for Digital Transformation Angus Taylor said the agreement was another step

toward simplifying IT procurement.

“The SAP agreement will deliver savings through reduced duplication and administrative burden for departments,” Assistant Minister Taylor said.

“Government is driving hard to reduce costs so that it can invest in innovative new solutions. We

know that a co-ordinated approach to ICT procurement works.”

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Article Credit:The Australian

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