IoE – Boosting operational efficiencies, productivity, and reducing overall costs
IoT (Internet of Things) is a network of physical objects, devices, vehicles, buildings and other items which are embedded with electronics, software, sensors, and most importantly, connectivity, which enables these objects to collect and exchange data. It is just a matter of time as IoT becomes all-encompassing to make a natural transition to Internet of Everything a.k.a. IoE.
Needless to say, the consumer segment of IoE looks very impressive. But how are other industries responding to this trend? Cisco predicts that IoE will create $14.4 trillion of ‘Value at Stake’ for companies and industries by 2022. So the number says it all. Which means industries that are looking at connected and smarter devices for automation, innovative production, and acute maintenance will get a pie of the estimated $14.4 trillion in terms of productivity and operational efficiencies. Fair deal!
What powers them all? Or rather what makes machines smarter?
Thanks to the emergence of dynamic sensors and processors with high compute efficiencies. Technology frontrunners such as Intel, NVidia, Qualcomm, etc. are competing among themselves with the best in breed applications processors like Atom, Terga, Snapdragon, etc., which are capable of disrupting all the conventional notions of connected industrial systems. Some of their featured characteristics include:
- Superior performance
- Energy efficiency for longer battery life
- Rich multimedia support
- Advanced heterogeneous computing and multitasking
- Brilliant graphics support, and
- Smaller/customizable form factors