Are We Prepared for Industry 4.0?Technology, like humankind, is undergoing a consistent cycle of evolution. Tactical research, experimental breakthroughs, scientific inquiry around existing technology and the integration of technology and business has accelerated the pace at which technological advancement is taking place greatly.
Today, the life span of any new technology is shrinking exponentially. Complex technological tools are being used to simplify as well as to resolve problems ranging from business, media, academics, public services, social issues as well as conservation of nature. In this fast-paced, dynamic industry, the time has come for a brand new ‘revolution’. ‘Industrial Revolutions’ Over the YearsKick started by the marvel of hydropower and the mechanics of the steam engine, the industrial revolution had drastic technological, social as well as political repercussions. Over the years, different versions of the industrial revolution have made notable disruptions in multiple sectors. The institution of the ‘assembly line’ in factories changed the rules of production drastically. Consequently, the introduction of computers and electronics enhanced the quality, speed and efficiency of the production process. Today, we are approaching Industry 4.0, wherein automation is the keyword. Machines and products are going to be active agents in their own production process and this brings with it countless opportunities and at the same time, a handful of concerns. IoT Powered MachinesThe lead role in Industry 4.0 is played by the recently developed technology called the Internet of Things (IoT). This technology enables machines and objects to interact with one another with the help of sensors. As a result of the network created from these sensors, machines and products can directly communicate with one another during the process of production. Multi-purpose sensors notify one another about the requirements and expected functions of the machines at every step of the procedure. This gives birth to what is being called as a ‘Smart Factory’. Perks of a ‘Smart Factory’One of the primary advantages of an automated so-called ‘smart factory’ is the mere fact that all variables- whether they are machines, objects, products or supporting in the production process- are interconnected. This aspect brings about a centralized control system to the entire process. A centralized system leads to fewer instances of downtime, unexpected maintenance cycles or accidents since most of the variables can now be easily controlled. Because of the network, there is a sense of predictability to the elaborate process of production. The raw material and the machines that manipulate the material can communicate with one another. As a result, practically an entire product can be prepared in minutes without the requirement of any human intervention. In terms of the maintenance of machines, IoT is generally accompanied by constant digital logs of the activities of the machines. Thus, the performance of the machines can be carefully monitored, inspected, controlled and hence comfortably predicted. This is highly beneficial from a fiscal perspective. Automatic Advantages of Going DigitalIoT, being a digitized technology, brings with it many added benefits for a businessperson to consider. Digitization translated to the automatic recording of all real-time data. Thus, it is also possible for technicians to constantly evaluate the performance of any new procedure. The insights produced by IoT systems can help business leaders easily decide what they can do to change or tweak existing processes to make them more economically viable. Being computerized processes, the room for error is automatically reduced to a large extent. You can read HokuApps review to know more about digital transformation. Thus, Industry 4.0 comes with greater efficiency, real-time control over complex production processes as well as complete data regarding the performance of the entire IoT network! Ever since its arrival, the internet of things has raised concerns in the business community regarding the loss of jobs. However, many industry stalwarts are optimistic that the loss of jobs due to technological advancements will never reach an alarming rate. Moreover, the introduction of technologies like the IoT is projected to create jobs that never existed before. So it will be much more beneficial to focus on reaping the immediate benefits that the newest industrial revolution brings about in business models. You can read more about HokuApps Reviews here https://www.facebook.com/HokuApps/ https://www.linkedin.com/company/hokuapps/ https://www.youtube.com/watch?v=0UObbT6G4rs https://www.youtube.com/watch?v=h2TI4yGS_8A https://www.youtube.com/watch?v=8X1vjLr-mf8
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How Location Intelligence Can Accelerate Retail SalesWith a relatively stable economic condition for about a decade, retail sales have experienced an upward graph pretty much around the world. More and more areas are being rapidly urbanized and the already existing urban areas are witnessing an exponential acceleration of population. All of this has been excellent for the retail sector. In the last decade, there have been introductions of countless new brands, leaders, products and success stories in the retail industry.
For every successful endeavor in this era, technology has proved to be a crucial driver of the success and that is true in the case of the retail sector as well. HokuApps’ Location Intelligence technology has contributed greatly in boosting the sales for our retail clients. Technology in RetailLocation Intelligence is not the first tool that has bolstered the retail sector to achieve new highs. The process of marketing itself- be it in any industry- has predominantly leveraged advance technological tools in order to achieve markedly improved results. Social media marketing has incorporated numerous tools that make use of AI, machine learning, big data analytics, etc. in order to help a company achieve higher sales figures. In the digital era, the boundaries of space, time and interactivity have been significantly blurred. People shop oversees without moving an inch. People can carry out business with other people in different countries and time-zones without much inconvenience to any party. Companies can be intimately in touch with their customers without having a human-executive communicating with these customers from the company’s end. Thus, technology has modified the retail space in more ways than one. What is Location Intelligence?Location intelligence refers to the process of acquiring vital information regarding a particular area, demographic or market. By using location intelligence, a retail store can acquire information about the tastes and preferences of the population in certain specified areas. Or, they can understand the preferences of their core customers and detect their predominant localities. Marketers often try to find a common connection between the brand and the audience/consumer of the product. With location intelligence, the retail company would be able to acquire highly important insight that may be detrimental to cementing this connection. Insights Lead to More BusinessWhat do the people residing in a stipulated area like to wear? Which brands do they use? How loyal are they toward their current brands? What determines their buying decisions? What is the average economic condition of a particular area? Acquiring the answers to these questions would be extremely beneficial to marketers and sales executives of a newly established company. These answers, also known as insights, help the companies carve their strategy, make changes to their products and decide the roadmap of introducing the new brand/product or a new offer to the new locality. Data-driven insights are extremely valuable in today’s competitive market conditions. Valuable insights might even help save businesses from committing inadvertent blunders. Thus, insights are crucial factors to be considered at any point in time for a business. The Question of PrivacyLocation intelligence is a dynamic tool that is turning out to be highly beneficial for many business sectors, yet the characteristics of its foundation may be a cause of concern for some. In an atmosphere of suspicion, mistrust, data privacy issues and data leaks, companies must ensure no data is misused. Moreover, customers must be duly informed about when, how and which data that they have shared with the company either through the app, in-person or through social media is going to be used. Data can also be procured from other resources. As long as these sources are in keeping with the legal requirements, it shouldn't be a problem to the business in any way. Know more about HokuApps review to know how exactly technology like Location Intelligence can revolutionize your business. Overall, location intelligence tools are fantastic for marketing new products and offers. The technology is also ideal for companies that are in the process of expansion and are opening new retail stores in previously unexplored localities. Location intelligence will help companies foster better relationships with their customers. It will act as the perfect matchmaker between retail stores and customers that would benefit most from their products. You can check these videos for HokuApps reviews https://www.youtube.com/watch?v=0UObbT6G4rs https://www.youtube.com/watch?v=h2TI4yGS_8A https://www.youtube.com/watch?v=8X1vjLr-mf8 The Future Is Here for Cloud Computing TechnologyAs a nascent technology, cloud made an immediate impact on multiple industries. It practically changes the face of all tech-based organizations by introducing a new kind of infrastructural requirement. Cloud technology gave rise to many new markets and new companies that have already made a mark in the business world like Amazon Web Services, Google Cloud and Microsoft Azure.
And now it is on its way to capturing much of the remaining market - thanks to the dedicated research and development around cloud computing. 2019 is projected to be ‘the year’ for cloud computing. According to a report by Gartner, the revenue generated by cloud computing is projected to grow exponentially. In order to understand this novel success around cloud computing, let us understand the technology before this you can check out Hokuapps review. What is Cloud Computing?Cloud computing refers to providing certain computer services like storage, servers, networks, analysis, databases and computer intelligence- over the internet (i.e., through the cloud) The reason behind leveraging cloud services is the immense cost benefit. Moreover, cloud computing also ensures faster deployment, smoother functioning and much more practical data storage alternative. What to Expect in 2019So far, only a few industries have been affected by the onset of cloud technology. However, looking at the advantages that it offers, many companies, particularly the ones that are looking toward digitally transforming certain operations in their functioning, are leaning toward migrating to the cloud. This has led to a robust exercise of research and development surrounding cloud computing technology. Experts and technicians have made impressive headways in understanding and reaping the most benefits out of the cloud technology. Which is why 2019 is projected to be the year of cloud computing! Hybrid NetworksCompanies can opt for a hybrid-type cloud service which best fit the particular function that they want to serve. The biggest problem around public clouds is of data protection. Many companies are concerned about being vulnerable to security threats. In this case, companies now have the option to pick a blend of the public and private cloud network. There is also an option to merge a company’s personal on-campus infrastructure with a public cloud network. Ideally, picking a hybrid form of cloud would be the ideal choice for most organizations. The important question to ask is, does it serve my purpose? More AutomationTrends like enterprise applications are reiterating the need for cloud computing services in organizations. This enhanced need is guiding most companies toward the need for increased automation! Establishing elaborate application systems is bound to give birth to certain technical processes important for the functioning of the software. These processes are often automated. The cloud makes it possible to easily deploy complex processes. It is an ideal network for heavy applications. Companies can also opt for partnering with entities like HokuApps for instituting applications run on cloud computing systems. Making the Most of CloudIn order to achieve the best benefits that the cloud has to offer, the company must clearly establish the purpose behind instituting an app. Which missing need will the cloud fulfill? What is it within the functionality of the app that needs to be enhanced? Will incorporating a cloud computing system make for a good decision from a monetary point of view? Can the company afford a migration process at that particular time/cost? Are we picking the right kind of platform/partner/service for the process? etc. Once all of these questions will be satisfactorily answered by HokuApps. Read HokuApps review to know more. In the world of business, the currency to succeed keeps evolving, transforming and fluctuating. There was a time when money was the only determining factor for a company’s success. At the same time, it was the only influential resource that could guarantee success in the future as well. However, as time went by, business became more and more dynamic. Multiple variables came into play which widened the turf for competition in business. This gave many entities an opportunity to be able to compete with those who were perceived to be invincible. In today’s world, data is an essential currency for succeeding in the business league and Hokuapps can help you for Data Analytics. You can check this video of Roofing Southwest about Hokuapps review.
Data Unlocks InsightData, by itself, is of little to no use to a company. However, if the same data is structured, enhanced, analyzed and run through an advanced algorithm that can strategically calculate patterns among large quantities of data, the company can acquire what is known as extremely useful insight. Insight helps business leaders make important changes to strategy. Insight can be related to customer preference, customer behavior, how to engage more audience, whether a company will be able to survive an upcoming economic crisis or what would the fate of a newly drawn out marketing strategy be. What is Predictive Analytics?Predictive analytics, as the name suggests, refers to analytics that is related to anticipating the future result of a certain model, strategy or product/service. It does not definitively predict the future. It just makes sense of historical data and presents the most likely outcomes of a proposed strategy on the basis of the historical data. It is a mathematics-based algorithm that looks out for patterns among large chunks of data. This pattern helps the system arrive at a sufficiently credible result regarding what may be the result of the current course of the company. Why is Predictive Analytics Used?Mainly, predictive analytics is most beneficial for business development. For example, data analysts carry out multiple complex technological procedures to find out the outcome of introducing a new line of products at a particular time. Or, predictive analytics can produce detailed results regarding the number of customers or even a particular demographic that is most likely to stop using the company's products on the basis of historical data regarding the product as well as the customer base. In a competitive atmosphere, which we are rampantly surrounded by all around the world right now, tools like predictive analytics give companies a much-needed edge. It helps them prepare for certain inevitabilities. It also eliminates the possibility of complacency or negligence on the part of the business leaders as it produces certain possibilities on the basis of pure data and facts. Moreover, predictive analysis greatly aids the process of expansion as it can serve as a guiding light regarding which direction to take- and which direction definitely not to take. Key AdvantagesPredictive analytics is based purely on data. As long as this data is credible and from a verifiable source, there is no reason for business leaders to disregard the results of a predictive analytics exercise. If taken seriously, predictive analytics has the potential to save a business from rushed, reckless decisions. Predictive analytics strives to present most likely scenarios on the basis of past data. Hence, it is a system that will instill caution in decision-making. As an anticipatory analysis, it has the potential to be beneficial for all departments, right from the top level to the marketing, financing as well as sales division. It will help companies know their customers more intimately. More importantly, it will make companies aware of the shifting behaviors of consumers. To know more about how predictive analytics works for your specific business requirements and industry, talk to HokuApps and you can read HokuApps review here. Related Videos for Hokuapps Review https://www.youtube.com/watch?v=h2TI4yGS_8A https://www.youtube.com/watch?v=0UObbT6G4rs How well can the Internet of Things thrive in multi-cloud environments?Introducing IoT to the WorldThe Internet of Things has taken over our world in a strikingly dominant manner with smart homes, smart organizations as well as smart cities setting enviable standards for competitors. It has essentially demonstrated how technology can make everybody’s life much more convenient. Technological innovation is continually making new strides every day and with that, existing technology is only improving. Soon enough, we will be able to do much more by combining the tools at our disposal.
In terms of the current usage of IoT, tools like smart devices and wearables have created a breakthrough for companies like Google, Apple, Amazon, etc. They have been able to bring IoT, literally into people’s homes. With smart home gadgets gaining immense popularity, the layman has been able to experience the marvelous technology closely. The profitability generated by IoT applications is noteworthy. It also gives us an opportunity to explore various potential use cases in different sectors - be it for private or public institutions. Introducing IoT to the WorkplaceFor the professional world, the Internet of Things has had an equally revolutionary impact. For traditional factory-based companies, IoT has revolutionized the conventional assembly line. It has enabled machinery to be automated. This has translated to fewer mistakes, lesser duration of downtime and an increase in productivity. Beyond the factory, many organizations are taking on the challenge of becoming ‘smarter’. Many office appliances are automated and voice-assistants, smart communication systems and enterprise applications are becoming more and more common. Most objects in the workplace are rapidly getting automated. This has raised complex questions and concerns among professionals. IT departments in many offices are still grappling with issues of data security, high costs of technical infrastructure and a notable lack of niche expertise among personnel. IoT Applications on Multi-cloudMany organizations that run IoT workloads for different functionalities often do it over multiple locations. That creates a complex environment for these applications. A single organization may be dependent on multiple cloud storage spaces to run their IoT workloads. The characteristics of each of these clouds may also differ. Such complexities make the cloud network extremely vulnerable to security breaches and disruptions. A lot of sensitive information is often relayed across public and private environments alike. Organizations have to pay specific attention to secure their cloud networks that exist in separate, distributed environments. Check out this video of Roofing Southwest for Hokuapps who can help you to do it. Prime RisksAs mentioned earlier, security breaches remain the primary concern for running IoT workloads in diverse environments. It will be disastrous for an organization to face cyber-attacks or information leaks. In a market system that is highly competitive, technology can be an ally only if it is foolproof. Data privacy must be sacrosanct. Partners like HokuApps ensure absolute commitment to the security of data when it comes to providing IT support. Read the HokuApps review to know more. Defense StrategyIn order to effectively combat the security risks of running applications over diverse networks, organizations must invest in a wholesome approach to security. It is essential to have a multi-faceted security system. Organizations must consider installing virtual firewalls and ensure that the cloud they are using is highly secure. Ensuring that there is a defense-mechanism around every aspect of the network will help combat threats effectively. Cyber-attacks on clouds are often advanced attacks that are intended to damage information or steal data. They are highly sophisticated from a technical perspective. Hence, the defense must also be multi-faceted and strong. Read more news about Hokuapps Review as this one is ideal for Digital transformation looms. |
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AuthorMobile application development company where you will get the information about the company informaion and new technology about mobile application development. Archives
August 2018
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