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The Advantages of Cellular IoT

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Cellular IoT Options
Illustration: © IoT For All

IoT developers and the businesses that support them have a vested interest in using the best network connectivity option available (both from the developer experience and expense angles). For many, WiFi is an obvious choice when high bandwidth is a requirement. While for others building stationary solutions with easy access to wired Ethernet, that connection method is equally a given.

The rest of us, though, may actively implement IoT solutions that:

  • are in-motion or occasionally mobile,
  • are deployed globally,
  • require a redundant offsite network gateway,
  • or need a reliable and secure connection.

Building on top of decades of global infrastructure, cellular should be a top consideration when it comes to picking the best IoT network connectivity option. This blog post demystifys cellular. The rest of the blog series takes a critical look at four key topics related to wireless IoT, including:

  • Demystifying Cellular IoT?
  • The Advantages of Cellular IoT (that’s this one!)
  • Common Applications for Cellular IoT (coming soon!)
  • Cellular IoT Network and Infrastructure Redundancy (coming soon!)

Cellular IoT Benefits

The advantages of cellular connectivity with IoT are extensive:

  • Coverage: Cellular networks are ubiquitous, mature, and reliable.
  • Global Reach: There is no other network technology with the reach of cellular.
  • Security: SIM-based authentication and utilization of VPN tunnels makes cellular the most secure option.
  • Installation: Works out-of-the-box without requiring local installation or technical expertise.
  • Low/No power: Cellular modules can consume ~8mA of power and networks are still available in the case of a power outage.

When it comes to security, coverage, and usability, it’s hard to compete with cellular.

Global Cellular Coverage

For global IoT deployments, cellular connectivity is widely considered the most logical and reliable connection option. There is no need to build new infrastructure nor add additional network gateways to support remote deployments. You’re simply connecting to the cell towers that are already in place.

Cellular roaming is another consideration. Are you providing a solution that may either be deployed to an unknown spot in the world or move between regions? As cellular IoT projects move from location to location, your cellular provider must have agreements with partner carriers to facilitate seamless connectivity across regions without changing SIMs.

Cellular Security

Since cellular networks use SIM cards for authentication, it’s exceedingly difficult to spoof the identity of a device. Let’s compare this to WiFi. When connected to a public WiFi network, devices share the connection with all other devices on the network. If any individual device has a security concern, all devices are at-risk. Cellular keeps every device separate from every other device, ensuring the security of the data being transmitted.

Cellular Reliability

Due to the importance of cellular connections today, cellular IoT protocols can take advantage of existing performance characteristics. Cellular operates in licensed bands, which dictate the performance and reliability of communication. Cellular also provides a known number of connections per tower, which are actively managed behind the scenes, thus providing guarantees on service and reliability.

Low Power Consumption

Historically, a significant limitation for cellular adoption has been power consumption and battery life (or lack thereof!). Modern cellular protocols make it possible for cellular IoT modules to save power when not in use and transmit relatively small amounts of data with minimal power usage.

Both LTE-M and NB-IoT are designed to offer years of operation from a battery-driven power source. Since data throughput is limited (but often more than enough for relaying sensor data), simpler signal modulation schemes and less complex radio modems are needed, leading to diminished power requirements. Advances in wake/sleep modes on modern hardware only contribute to these benefits.

Summary

The advantages of cellular IoT are clear. Unmatched global coverage, embedded device security, “it just works” installation, and exceedingly low power requirements make it an obvious choice for the IoT.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://www.iotforall.com/the-advantages-of-cellular-iot

AR/VR

Siemens, Dow partner on process manufacturing digital twin testbed

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All the sessions from Transform 2021 are available on-demand now. Watch now.


Siemens and Dow have created a testbed to help bring digital transformation to chemical process manufacturing. This will allow frontline chemical process workers to help inform the development of digital twins for process manufacturing.

The two industrial system and chemical industry giants hope to inspire new approaches to applications and the digitization of workflows in an industry that may otherwise be left behind by the rapid pace of technology innovation.

The effort demonstrates how digital threads can be woven across processes. It will also make it easy for Dow’s digitalization team to bring in frontline workers from across their facility to glean ideas about identifying and implementing new digital twin-powered workflows, Siemens chemical industry manager Iiro Esko told VentureBeat.

He said the testbed effort is being orchestrated as part of MxD, a manufacturing incubator that allows manufacturers and technology providers to showcase innovative technologies.

Analog processes go digital

In most businesses, process automation refers to streamlining the handoffs between different digital workflows. But in the chemical industry, processes are typically built on top of analog methods and workflows that have remained relatively untouched for the last 30 years.

In the industrial context, process automation characterizes most products produced in a continuous stream, instead of in individual units. This includes basic chemicals, plastics, pesticides, fertilizers, medicine, soaps, paper, and beverages.

The testbed is intended to demonstrate ways to improve factory control and integrated modular automation and to adopt augmented reality and digital twins for quicker access to safety manuals, maintenance forms, and other resources to boost productivity. Some methods also have uses in R&D and compliance.

To prove out methods, the testbed incorporates a variety of state-of-the-art industrial IoT hardware. This includes sensors; automation controllers; networking, power distribution, and power monitoring equipment; and drives and motors.

Birthing new digital twins

The Siemens/Dow testbed is a big part of Siemens’ strategy for promoting digital twins across industries. The company has dedicated significant investment to coordinating digital twin efforts across industries as diverse as aerospace, electronics, transportation, manufacturing, and medicine.

Digital twin uptake may lag unless the value of digital twins is demonstrated in a way that shows how companies can use digital threads to connect previously disconnected workflows. Today, many of these use cases are conceptual prototypes, but testbeds that demonstrate some basic workflows to frontline workers could open ongoing opportunities for improvement down the road.

Dow frontline workers will visit MxD to see for themselves which elements of a digital twin deliver the most value, Esko said.

“We’re talking about field technicians, site engineers, third-party service providers, maintenance managers, reliability engineers, process automation groups, process operators, and plant managers,” he added.

Siemens’ manufacturing testbed work suggests a strategy for inspiring digital transformation beyond IT into a wider range of industries and real-world processes. In some ways, this follows in the footsteps of the Centers of Excellence (COE) concept companies have been implementing to drive digital process automation technologies such as RPA and process mining. In these cases, companies coordinate activities through a single center that helps showcase success to inspire other use cases across the company.

VentureBeat

VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:

  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more

Become a member

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://venturebeat.com/2021/07/28/siemens-dow-partner-on-process-manufacturing-digital-twin-testbed/

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AR/VR

Siemens, Dow partner on process manufacturing digital twin testbed

Published

on

All the sessions from Transform 2021 are available on-demand now. Watch now.


Siemens and Dow have created a testbed to help bring digital transformation to chemical process manufacturing. This will allow frontline chemical process workers to help inform the development of digital twins for process manufacturing.

The two industrial system and chemical industry giants hope to inspire new approaches to applications and the digitization of workflows in an industry that may otherwise be left behind by the rapid pace of technology innovation.

The effort demonstrates how digital threads can be woven across processes. It will also make it easy for Dow’s digitalization team to bring in frontline workers from across their facility to glean ideas about identifying and implementing new digital twin-powered workflows, Siemens chemical industry manager Iiro Esko told VentureBeat.

He said the testbed effort is being orchestrated as part of MxD, a manufacturing incubator that allows manufacturers and technology providers to showcase innovative technologies.

Analog processes go digital

In most businesses, process automation refers to streamlining the handoffs between different digital workflows. But in the chemical industry, processes are typically built on top of analog methods and workflows that have remained relatively untouched for the last 30 years.

In the industrial context, process automation characterizes most products produced in a continuous stream, instead of in individual units. This includes basic chemicals, plastics, pesticides, fertilizers, medicine, soaps, paper, and beverages.

The testbed is intended to demonstrate ways to improve factory control and integrated modular automation and to adopt augmented reality and digital twins for quicker access to safety manuals, maintenance forms, and other resources to boost productivity. Some methods also have uses in R&D and compliance.

To prove out methods, the testbed incorporates a variety of state-of-the-art industrial IoT hardware. This includes sensors; automation controllers; networking, power distribution, and power monitoring equipment; and drives and motors.

Birthing new digital twins

The Siemens/Dow testbed is a big part of Siemens’ strategy for promoting digital twins across industries. The company has dedicated significant investment to coordinating digital twin efforts across industries as diverse as aerospace, electronics, transportation, manufacturing, and medicine.

Digital twin uptake may lag unless the value of digital twins is demonstrated in a way that shows how companies can use digital threads to connect previously disconnected workflows. Today, many of these use cases are conceptual prototypes, but testbeds that demonstrate some basic workflows to frontline workers could open ongoing opportunities for improvement down the road.

Dow frontline workers will visit MxD to see for themselves which elements of a digital twin deliver the most value, Esko said.

“We’re talking about field technicians, site engineers, third-party service providers, maintenance managers, reliability engineers, process automation groups, process operators, and plant managers,” he added.

Siemens’ manufacturing testbed work suggests a strategy for inspiring digital transformation beyond IT into a wider range of industries and real-world processes. In some ways, this follows in the footsteps of the Centers of Excellence (COE) concept companies have been implementing to drive digital process automation technologies such as RPA and process mining. In these cases, companies coordinate activities through a single center that helps showcase success to inspire other use cases across the company.

VentureBeat

VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:

  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more

Become a member

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://venturebeat.com/2021/07/28/siemens-dow-partner-on-process-manufacturing-digital-twin-testbed/

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IOT

Cold Chain Monitoring Efficiency with IoT

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Cold Chain supply
Illustration: © IoT For All

Many people refer to the “Cold Chain” primarily as the delivery of goods and the environment in which they were transported. They even tend to focus mostly on only one attribute: Temperature. There is much more information to collect for cold chain monitoring other than temperature.

Temperature questions include:

  • Were the goods properly cooled during their journey?
  • Was the temperature low enough but not too low to damage the goods?
  • Were the goods un/loaded quickly enough without interruptions of the cold chain?

Buy or Don’t Buy

These are all crucial questions, and we should definitely continue asking them. However, what about the remaining information that might influence the buy or don’t buy a consumer’s decision? These questions include:

  • When were the goods produced or picked?
  • Were the goods specially treated to be sustainable in case of a long journey?
  • Where are the goods coming from and what path did they take to arrive here?
  • How long were the goods stored and at what locations?

Efficient Operations

How about the information, which focuses on the business side to ensure efficient and economical operations?

Information Efficiency
How were the goods picked? Is this process in combination with all other steps reducing the shelf time of the goods?
Where are the goods packaged / transported / handled as defined throughout the whole journey? Are we able to dynamically adjust to changes along the journey?
Who is transporting/storing the goods? When something happens, who will be responsible? What additional insurance is required to cover specific corner cases?
What is the final destination and when should the goods arrive there? How can we bundle multiple deliveries into one and optimize our delivery routes?

There is so much more information to collect than just temperature. On the one hand, information enriched and shared with consumers increases confidence in the product itself. On the other hand, information that highlights underperforming processes (such as delivery routes) enables companies to create new and better ways of monetization.

Recording and Managing

Recording and managing all attributes from the complete cold chain (end to end) is not an easy venture. The data must be provided by multiple independent companies, recorded by dozens of employees, and on top of that, also monitored, summarized, and reported by a dedicated team.

With the masses of goods shipped and delivered daily across the globe, recording all the mentioned data traditionally creates a monumental task that is everything but economical and efficient. Therefore, it is often neglected because it’s cheaper and easier to order a replacement part instead of investigating hours to determine where the process has failed.

But it does not need to be like that. Modern IoT sensors can provide all of the mentioned benefits including full insight into every single process of the whole cold chain (end to end) with a fraction of the usual efforts and cost!

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.iotforall.com/cold-chain-monitoring-efficiency-with-iot

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Artificial Intelligence

Digital banking market: Top trends boosting the industry growth through 2026

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Digital banking market: Top trends boosting the industry growth through 2026

Global digital banking market has witnessed significant boost in recent years, thanks to the various technological advancements happening in the banking sector. Banking institutions are using technologies and devices like Artificial Intelligence (AI) and Internet of Things (IoT) to not only improve the products and services offered by them but to enhance the overall customer experience as well.

The COVID-19 pandemic played a pivotal role in increasing the use of digital banking solutions among customers across the world as several governments had imposed movement restrictions and lockdowns. This forced many people to turn to online banking channels to conduct their daily transactions. The pandemic posed a challenge for the banks and financial institutions as well because they had to think of creative ways to use the digital medium. 

Many smaller and lesser-known banks had to go digital in order to retain their existing customer base and increase their presence in different nations across the globe. Retail shopping saw a boost in its online sales as more customers preferred online shopping platforms. This gave smaller businesses an opportunity to widen their customer base and expand in different areas. People who were already in the field of digital business were flourishing during the pandemic.

The trends that will boost the development of global digital banking industry are given below:

Online investment banking activities will rise in Asia Pacific:

Asia Pacific digital banking market will exceed valuation of nearly $8 billion by 2026. The digital investment banking segment is expected to grow at more than 10% CAGR through 2026. This is because the region is witnessing rapid internet penetration which has made more financial products and services easily available for a wide range of customers.

Investment banking has become much easier today as compared to a few years ago as people then would solely rely on the suggestions of their brokers and then take important investment decisions. However, that is not the case today as people are increasingly participating and learning the tricks of the stock exchange on their own, thanks to millions of online investment platforms available. E-trading has played an important role in saving time, money and energy of several investors as the stock markets can be accessed with the help of smartphones.

Mobile payments will benefit APAC digital banking market:

Developing countries in APAC region are witnessing heavy adoption of NFC and POS terminals because of the rapid digitization happening in these nations. Banking services in these economies are taking the digital route to not just increase the customer base but to expand their business as well. High-end gadgets like tablets and smartphones are experiencing rapid rise in their demand among consumers in India, Indonesia, Philippines and Malaysia, leading to the introduction of mobile wallets. 

These wallets are a digitized version of physical wallets and perform functions like making payments and cash withdrawals. Mobile wallets provide security to the cash stored unlike physical ones. The increase in use of mobile wallets has compelled retail shops to get themselves integrated with online payment platforms to accept mobile payments. All these factors will create a positive impact on digital banking market size in Asia Pacific region.

Strategic alliances to innovate digital baking products:

Several companies that are a part of digital banking market in Asia Pacific are getting into strategic alliances with other fintech firms. They aim to create innovative products and services to serve banking customers in a better manner. In January 2019, Western Union announced its partnership with Kakaobank of Korea Corporation to launch Western Union money transfer services in an app created by Kakaobank. This partnership was quite beneficial for the customers of Kakaobank as they were able to send and receive money with the help of this app, thereby enhancing their overall experience.

Digital corporate banking services will gain momentum in Europe:

Digital banking market size in Europe is expected to surpass $2 billion by 2026. Corporate banking segment is estimated to grow at nearly 5% CAGR during the forecast period of 2020-2026. One of the major reasons for this is the increasing need among customers to reduce the high number of formalities and complexities involved in the banking sector. Conventional banks often have many portals and rivals, thereby making life difficult for corporate customers who want to maintain different accounts for their business.

This is where digital banking solutions are useful as they provide an online dashboard that has complete information in a consolidated format. This helps the corporate customers in viewing the history of their transactions and even provide financial projections of their cash position in the form of graphs.

Canada will see higher demand for digital banking services:

Canada digital banking market is expected to show exponential progress during the forecast period of 2020-2026. The country has been quick to adopt some of the most advanced banking technologies to improve their financial infrastructure. There are a large number of customers today that are using digital banking platforms to complete their daily transactions. 

The Canadian Imperial Bank of Commerce, in August 2020, announced its plan to use the CRM platform of Salesforce to improve the overall experience of customers. The bank aims to provide end-to-end digitization services and advanced analytics to encourage customers to use digital banking services.

Increasing use of retail baking in North America:

Financial apps on mobile devices are experiencing an incredible surge in demand among consumers in North America. This is because they provide ease in doing transactions. People can now receive all kinds of information related to their financial transactions on their smartphones and tablets. This has prompted financial institutions to make changes in their functions and make them more suitable for online banking operations. It has resulted in improved experience for customers and has benefited the banks as well.

Some of the top financial institutions providing digital banking services across the world are Intellect Design Arena Ltd., The Bank of New York Mellon Corporation, CREALOGIX AG, ebankIT, Fidor Solutions AG, TATA Consultancy Services Limited and many others.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.fintechnews.org/digital-banking-market-top-trends-boosting-the-industry-growth-through-2026/

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