Ways to Protect IoT Devices

IoT Device Security
IoT Devices Protection

Internet of things devices are great creations that bring organization and simplicity in our lives. However, you have to secure these in the right way. Fortunately, there are some easy steps to take to ensure IoT device security.

Secure Your Wireless Router

Firstly, confirm that the Wi-Fi equipment unit is secure. Otherwise, it can be exposed to many security threats. So confirm that you are not using the settings that came with your router. Rather than the default settings, it requires a unique and strong password, which is not easily guessable. You will also wish to enable WPA2 encryption, plus turn off remote access software and hardware to make it virtually impossible for hackers to access your devices.

Have Unique Passwords for All Devices

Every single device needs both a unique password and username. If they get access to a device, which you might consider insignificant (such as a connected machine for making coffee) hackers can access everything on your network.

Continue to Update Your Devices

There is no better way to be sure that firmware and software of your devices are not vulnerable than to keep them updated. Software companies release updates to help fix issues or plug holes in security. Therefore even if getting the notification is a tad annoying, you should not ignore updates when these become available. You should install them immediately (or confirm that your IoT products are configured to update in an automatic way).

Disconnect Unused Devices

If you feel that you have not been using a connected device, like ‘smart fork’ for instance, that much, disconnect it. Turning devices from online to offline when you are not using these, can help reduce the ‘attack surface’. The term ‘attack surface’ refers to the total of the various points where the hacker can attempt to input or extract data.

Avoid Dumping Your Old Devices

If you are not using a gadget and choose to dump it, then do not just throw it into the recycle bin. You should not chuck desktop computers, mobiles and laptops in it anyhow, and IoT gadgets are also no exception. Hackers can discover smart things in rubbish containers and can learn information regarding you. Old smart bulbs can also reveal plenty of personal information when these are infiltrated.

So, check your device manufacturer website for ways to remove your data from it. Be sure to follow any kind of procedure they suggest before dumping your old IoT devices.

Top Five Applications of IoT in Retail Businesses

Internet of things devices
Applications of IoT

IoT has been a game-changing technology across all industries. As per Statista data, the total number of internet of things devices in the world will reach just above 30 billion by next year. Most adopters consider IoT vital to their company’s success, so these devices are likely to exceed 75 billion in six years.

Whether connecting existing or new devices, retail businesses are finding many reasons to adopt IoT. So in what way are they using it to drive retail business results? Here, we will list the best IoT usage scenarios for retail businesses.

Making Retail Supply Chain As Good As Possible

The capability to track goods in all parts of the retail supply chain is a big differentiator in all segments. This accounts for most use cases of IoT in retail in this list. Real-time and transparent data concerning shipping status, shipping location, conditions, delays etc., helps businesses keep goods on the shelf and keep their customers satisfied.

Some of the advantages of IoT solutions are shipping traceability and transparency, immediate insights, plus automated warehouse processes.

Managing Stock

It can be tricky, time-consuming and costly to track levels of inventory and keep goods in stock. So retail businesses turn to this technology to optimize their inventory. This accounts for the second-most use cases here.

IoT can identify the location of goods immediately as well as track and send notifications on inventory that accumulate in fitting rooms. It can scan for gaps in display shelves and for product locations, and send notifications on mislabeled or misplaced goods.

Keep Staff and Shoppers Safe

Keeping employees and customers safe is an additional priority for retail businesses. Security and surveillance account for third-most used cases of IoT in this segment. IoT security and surveillance solutions monitor for any suspicious behavior, potential safety hazard and person of interest, sending notifications when any issue is detected.

Preventing Loss of Products

Retail businesses reportedly have an average stock reduction of 1.38% this year. Unsurprisingly, loss prevention makes up the fourth-most uses cases. It is possible for IoT to prevent loss of goods by keeping un-purchased items from going out and detecting missed products at checkout.

Reducing Energy Consumption

As retailers look to cut down energy usage expenses and reduce their total emissions, they are turning to this technology. For 40% of retail businesses, a top cause for embracing IoT is energy optimization.

What Are The Features Of IoT?

Internet Of Things
Internet Of Things Features

Internet of Things or IoT is an interrelated system of people, computing devices and digital machines which are provided unique identifiers to transfer data across networks.

IoT is used in asset management, supply chain and inventory management, data center management, fleet management, surveillance and security monitoring, mobile device management, retail, healthcare, and building management. Some of the salient features of IoT include:

Open and Independent

The Internet of things is considered to be open and independent. IoT helps its users to connect to various platforms. When you can connect to various platforms with unique identifiers, why get stuck with specific architecture, set of enterprise applications, development configurations, sensors, protocols or controllers. companies should make sure that their platforms are free from the problem of vendor lock-in.

Distributed Architecture

To understand the real value of the internet of things, you require an elastic distributed architecture that shrinks dynamically. Your platforms should have the intelligence to run in thin edge devices. They should also be able to run advanced analytics and key responses. In addition to all this, they should be able to modify and manage models, edge apps and analytics.

Market-Leading

The platform should have high recognition among top analysts and should have a lot of satisfied customers. These make them trustworthy and give confirmation that the platform has achieved real success.

Rebrandable

It is important to have a platform, which will be able to develop an app from pre-packed solutions for private instances and multi-tenants. By this, platforms will be able to offer internet of things to their customers without any interruptions.

Modular and Future-Proof

IoT platforms should be able to connect to any sensor, network, machine or device over any network. They should offer development choices that are flexible with the platform as a service (PaaS), edge, hybrid or software as a service (SaaS). The platforms should be low-code and should have solutions for API management, machine learning, portfolio management, enterprise integration, predictive analytics, and business process. Flexibility allows you to quickly update IoT and improve the scale and growth of platforms.

Strategic Partnership

Make sure that your platform provider has partnerships across hardware providers, Sls, technology providers and VARs. These partners help us to customize and build various vertical requirements.

Design-Time Tooling and Free Methodology

Access to portfolio management tools like a resource library supports processes, work packages and practices which help you to plan, manage and model your information technology (IT) and operational technology (OT) assets.

What is in Store for IoT and How to Be Ready for the Future?

Because of the arrival of more and more high-end connected devices, we are on the brink of a fresh period of enterprise productivity. Experts forecast that over half of fresh businesses will operate on IoT by next year, which will make these more automated than before and will save these millions in enhanced productivity. However, with promises such as these being talked about, several managers ask: in what can the internet of things help my company work smarter?

There are many ways in which it can help accomplish your goals, but a question to ask those businesses that already use IoT is this: Are You Prepared?

What Is Going To Happen In the IoT Industry?

As per an estimate by International Data Corporation, spending on IoT will reach up to about $1.2 trillion three years from now. With that in mind, it is predicted that $6 billion or so will go to the making the internet of things solutions, including software development, system integration, device hardware, data storage, connectivity and security. Those investments are also expected to produce $13 trillion six years from today.

Right through this development phase, platforms that allow you to see incoming data, as well as to exercise the ability to manage digital technologies, will keep being the glue which holds IoT together. These platforms enable the internet of things to achieve the transformation potential of it, allowing businesses to manage their devices, analyze data and automate their workflows.

Concerns over Data Security Will Cause Regulation to Happen

There has been an increase in the number of IoT devices, and this has meant that privacy and security concerns are also increasing across the world. Last year, the EU (European Union) put GDPR into practice. General Data Protection Regulation has caused similar privacy and security initiatives in many countries. These procedures will keep helping to protect the user data and regulate the way companies and marketers can harness IoT devices as this market evolves. If you do not know, IoT is an evolving market.

5G Will Increase the Extent of Internet of Things Possibilities

With fifth-generation internet connection, the mix of responsiveness, reach and speed could just unlock the complete capabilities of growing and developing technologies. This will offer a significant boost to autonomous cars, virtual reality, drones and IoT.

The Forbes magazine predicts 5G to officially be an internet of things enabler in the years to come, which will help innovators get the tools that they require to solve previous issues and create conveniences.

Forbes noted that, “Manufacturers will [also] expand and redevelop their factories and warehouses to support 5G networking, infrastructure, and security to create new 5G products and remake and reimagine old ones.”

Because of this extent of development, you will have to make sure that your business has a solid strategy for adoption to make an internet of things ecosystem, which will work securely and efficiently.

Connected Business Intelligence Will Thrive

Of late, the process of investing money in the connecting of artificial intelligence and IoT has been considerable. Microsoft recently announced their vision for both Intelligent Edge computing and Intelligence Cloud computing. Together, these provide a comprehensive solution which will allow devices to do AI tasks locally, yet stay internet-connected for management functions and to provide real-time insights. This creates a beneficial framework for discovering solutions to daily business problems and inefficiencies.

When IoT evolves, we will likely start seeing the state of affairs for this technology develop considerably beyond conventional use cases that we see nowadays. This could mean intelligent buildings, smart cities, and intelligent task management, helping the workforce to be more productive and society be much more efficient than before. Therefore, we will keep seeing companies focus a lot more on storage requirements and safeguarding as they make good use of every benefit of IoT.

Tips to Help Make Your Business Ready For an Internet of Things Future

The future looks promising for IoT, but businesses should implement preparatory measures to make the maximum use of this technology, and remain safe in doing that. Below are some things you will have to think about when you implement IoT devices.

Appointing Specialists to Interpret Business-Related Data

IoT sensors offer a limitless flow of information, which could give businesses insights into the way to make efficiencies better. It is important to be able to convert this data into normal language to get the maximum benefits through it.

However, it is a huge task to organize large amounts of information derived out of IoT devices. Companies should have data managers and analysts on staff who are tasked with interpreting the data to respond to and take strategic calls based on that data.

Preparing for Data Storage Requirements

IoT devices often gather lots of data, so you will have to find an appropriate storage location for everything it collects. Investing in your local storage system is an option. The other option is to rely on a cloud data storage provider. The latter is likely to be a cost-effective option than the former.

The Ways in Which IoT is Radically Changing Business

IoT is a network of interconnected devices and objects, which are equipped with the capability to automatically transfer data through internet network. Items like smart thermostats, smart lighting, smart TVs, and smart wearable devices are the internet of things devices. Aside from people, businesses also see plenty of scope for applications of this technology. Some of which are discussed below.

Productivity

It is possible to control IoT devices to make efficiency better, which then positively affects your business productivity. Residents can switch on their microwave oven when coming to home or access the items in their smart refrigerator with their mobile device. Likewise, organizations can run important processes and pieces of equipment in a more efficient way using IoT.

Improved Remote Work

Ongoing technological growth makes it possible to work flexibly and remotely. With the internet of things technology in place, you need not be physically present at your business place to manage work. It is possible to control more tasks remotely, so you can provide workers with greater flexibility.

Fewer Mistakes

When the manual input of information and data is reduced, the possibility of human errors will come down. This can help reduce costs related to a lost good, reduce customer care required, and help mitigate shipment issues.

Enhanced Customer Experience

In many cases, the technology makes it possible to streamline customer interactions. It enables some companies to provide payment facilities, which involve customers just exiting the shop with their products and being invoiced. The invoiced amount will go from their account tied to the cashier-less store.

Storage and Inventory Solutions

It is possible to install IoT devices and software at warehouses and storage units to help businesses handle stock changes effectively. Some have even used IoT to help track individual containers.

Better Customer Information

If there is an internet of things device at a person’s house, it is possible to gather the data related to its usage. This data collection can bring about better insight, plus it can help you innovate and market in an effective manner.

Reduce Downtime

The technology can minimize downtime associated with certain manufacturing problems. When technologies such as AR headsets, smart goggles or tablets converge with the internet of things, troubleshooting issues would be much easier.

Greater Safety

For a few industries, this technology offers better safety in operations and processes. This can pertain to everything from production tools to businesses that use autonomous vehicles for customer transport.