Big Data in Retail

Big Data refers to the massive volume of structured and unstructured data that businesses collect from various sources, including customer transactions, website activity, and social media interactions. Retailers are leveraging Big Data to gain actionable insights that drive better decision-making.

Applications of Big Data in Retail:

• Predictive Analytics for Demand Forecasting:
  Big Data enables retailers to analyze past sales trends, seasonal demand, and external factors like weather and holidays to accurately predict future demand. This ensures optimal inventory levels and minimizes stockouts or overstocking.
• Personalization and Customer Segmentation:
  Retailers use data to understand customer preferences and behaviors, creating highly personalized shopping experiences. For instance, Amazon’s recommendation engine, powered by Big Data, accounts for nearly 35% of its total sales.
• Inventory Optimization and Supply Chain Efficiency:
  Real-time data analysis helps retailers track inventory, reduce waste, and streamline supply chains. Walmart, for example, uses Big Data analytics to optimize its supply chain and reduce delivery times.

By leveraging Big Data, retailers can respond proactively to market trends and customer needs, ensuring they stay ahead of the competition.

AI Revolutionizing Retail

Artificial Intelligence is another game-changing technology that is revolutionizing the retail industry. With its ability to process vast amounts of data and make intelligent decisions, AI is reshaping how retailers engage with customers and optimize operations.

Applications of AI in Retail:

• Chatbots for Customer Service:
  AI-powered chatbots provide 24/7 assistance, answering customer queries, suggesting products, and even resolving complaints. Sephora’s chatbot, for example, offers beauty advice and product recommendations, enhancing customer satisfaction.
• AI-Driven Product Recommendations:
  By analyzing customer browsing and purchase history, AI algorithms suggest products that align with individual preferences. This personalization boosts sales and customer loyalty.
• Dynamic Pricing Strategies:
  AI enables retailers to implement dynamic pricing by analyzing competitor prices, demand, and market conditions in real-time. This ensures competitive pricing without sacrificing profitability.
• Visual Search and Virtual Try-Ons:
  AI-driven visual search tools allow customers to upload images of desired products and find similar items instantly. Additionally, virtual try-on features, such as those offered by L’Oréal, enable customers to test products virtually, bridging the gap between online and in-store shopping.

AI not only enhances the customer experience but also empowers retailers to operate more efficiently and profitably.

IoT Transforming Retail Experiences

The Internet of Things (IoT) connects physical devices to the internet, enabling seamless communication and data sharing. In the retail sector, IoT is creating smarter stores and more engaging customer experiences.

Applications of IoT in Retail:

• Smart Shelves and Automated Inventory Management:
  IoT-enabled smart shelves use sensors to track inventory levels in real-time, automatically notifying staff when restocking is needed. This reduces manual errors and ensures shelves are always stocked.
• Beacons for Personalized In-Store Experiences:
  Beacons are small IoT devices that send personalized offers and notifications to customers’ smartphones as they move through a store. For instance, Macy’s uses beacons to deliver location-based promotions, enhancing in-store engagement.
• Connected Devices for Seamless Checkout:
  IoT-powered systems like Amazon Go’s “Just Walk Out” technology allow customers to shop without waiting in checkout lines. Sensors track items picked by customers and automatically charge their accounts, making the process hassle-free.

IoT not only streamlines operations but also bridges the gap between digital and physical retail experiences, ensuring a unified journey for customers.

Benefits of Integrating Big Data, AI, and IoT

When combined, Big Data, AI, and IoT create a powerful ecosystem that drives significant benefits for retailers:

• Enhanced Customer Experience: Personalization, seamless shopping, and real-time engagement foster customer loyalty and satisfaction.
• Improved Operational Efficiency: Automation reduces costs, minimizes errors, and optimizes resource utilization.
• Real-Time Insights: Retailers can make data-driven decisions quickly, staying agile in a competitive market.
• Competitive Advantage: Early adopters of these technologies can differentiate themselves and capture greater market share.

Challenges in Adopting These Technologies

While the potential benefits are immense, the integration of Big Data, AI, and IoT comes with its own set of challenges:

• Data Privacy and Security Concerns: The collection and use of vast amounts of customer data raise privacy and security issues that must be addressed with robust safeguards.
• Integration with Existing Systems: Many retailers face difficulties in integrating new technologies with legacy systems.
• High Implementation Costs: Deploying these advanced technologies requires significant investment, which may be a barrier for smaller retailers.
• Employee Training and Expertise: Retail staff need training to effectively use these technologies, creating an additional layer of complexity.

The Future of Retail Technology

The next wave of retail technology is poised to take the industry even further:

• Metaverse Shopping: Virtual stores within the metaverse will provide immersive shopping experiences, allowing customers to browse and purchase products in a virtual world.
• Augmented Reality (AR): AR will enhance both online and in-store shopping by allowing customers to visualize products in real-world settings.
• 5G Technology: The widespread adoption of 5G will enable faster and more reliable IoT connectivity, enhancing real-time applications.
• Sustainability Solutions: Technology will also play a crucial role in creating sustainable retail practices, from energy-efficient stores to AI-optimized supply chains that reduce waste.

The future of retail is a blend of physical and digital, powered by advanced technologies that cater to evolving consumer demands.

Conclusion

The convergence of Big Data, AI, and IoT is driving a retail revolution, creating smarter, more efficient, and customer-centric experiences. Retailers who embrace these technologies will not only thrive in this competitive landscape but also set new standards for the industry.

At Charter Global, we specialize in delivering innovative technology solutions tailored to the retail sector. From implementing AI-driven analytics to designing IoT-enabled smart stores, our expertise helps retailers discover their full potential.

Contact us today to explore how our solutions can transform your retail business and position you as a leader in the future of retail.

The post The Future of Retail: How Big Data, AI, and IoT are Creating Change appeared first on Charter Global.

In the retail sector, IoT has emerged as a transformative technology with the potential to revolutionize the shopping experience. By connecting physical objects within a retail environment, IoT enables retailers to gather valuable data, automate processes, and provide personalized services to customers. We will explore this in detail in our blog..

Benefits of IoT in Retail

Enhanced Customer Experience

• Personalized Shopping Experiences: IoT-powered technologies like beacons and mobile apps can track customers’ movements within a store, enabling retailers to deliver personalized offers, recommendations, and notifications based on their preferences and purchase history.
• Improved In-Store Navigation: Interactive maps and wayfinding solutions can guide customers to specific products or departments, reducing confusion and improving their overall shopping experience.
• Real-Time Product Information: Smart shelves equipped with sensors can display product information, pricing, and availability in real-time, eliminating the need for customers to search for a store associate.
• Interactive Displays: Digital signage and interactive displays can engage customers with interactive content, such as product demos, virtual try-ons, and personalized recommendations.

Increased Operational Efficiency

• Inventory Management and Optimization: IoT-enabled sensors can track inventory levels in real-time, preventing stockouts and overstocking. This helps retailers optimize their inventory management processes and reduce costs.
• Supply Chain Visibility: IoT devices can monitor the movement of products through the supply chain, providing real-time visibility into inventory levels, transportation status, and potential disruptions.
• Energy Management: Smart sensors can monitor energy consumption in various areas of the store, helping retailers identify areas for energy efficiency improvements and reduce their environmental impact.
• Predictive Maintenance: IoT-enabled sensors can monitor the condition of equipment and predict potential failures, allowing retailers to schedule maintenance proactively and avoid costly downtime.

Data-Driven Insights

• Customer Behavior Analysis: By collecting and analyzing data from IoT devices, retailers can gain valuable insights into customer behavior, preferences, and shopping patterns. This information can be used to optimize store layouts, product placement, and marketing campaigns.
• Sales and Marketing Optimization: IoT-powered analytics can help retailers identify peak sales times, popular products, and customer demographics. This information can be used to optimize marketing efforts and allocate resources effectively.
• Fraud Prevention: IoT devices can detect anomalies in customer behavior and identify potential fraudulent activities, helping retailers protect their business and customers from losses.

By leveraging these benefits, IoT is transforming the retail industry and creating a more efficient, personalized, and engaging shopping experience for both retailers and consumers.

IoT Applications in Retail

Smart Shelves

• Real-time inventory tracking: Smart shelves equipped with sensors can monitor product levels in real-time, ensuring that shelves are always stocked and preventing stockouts or overstocking.
• Price updates: Prices can be automatically updated on smart shelves based on promotions, discounts, or changes in market conditions.
• Product recommendations: Smart shelves can use data on customer purchases and preferences to suggest complementary or related products, enhancing the shopping experience.

Digital Signage

• Targeted advertising: Digital signage can display personalized advertisements based on customer demographics, purchase history, or current location within the store.
• Interactive displays: Interactive displays can engage customers with games, quizzes, or product demonstrations, making the shopping experience more fun and engaging.
• Customer engagement: Digital signage can be used to provide information about store events, promotions, or new products, increasing customer engagement and loyalty.

Beacon Technology

• Indoor navigation: Beacons can be used to provide indoor navigation, guiding customers to specific products or departments within the store.
• Personalized offers: Retailers can send targeted offers and promotions to customers’ smartphones based on their location within the store and their shopping history.
• Customer analytics: Beacons can track customer movements within the store, providing valuable insights into customer behavior and preferences.

RFID and NFC

• Inventory management: RFID and NFC tags can be used to track products throughout the supply chain, from manufacturing to the retail store.
• Payment processing: NFC technology can be used for contactless payments, making the checkout process faster and more convenient for customers.
• Loss prevention: RFID tags can be used to detect shoplifting and prevent losses for retailers.

Smart Fitting Rooms

• Virtual try-on: Smart fitting rooms can use augmented reality technology to allow customers to virtually try on clothes without having to physically put them on.
• Product recommendations: Smart fitting rooms can suggest complementary products based on the customer’s selected outfit.
• Personalized assistance: Smart fitting rooms can provide personalized assistance to customers, such as recommending the right size or suggesting alternative styles.

Smart Lockers

• Convenient pickup and return: Smart lockers can be used for convenient pickup and return of online orders, eliminating the need for customers to wait in line or schedule a delivery.
• Enhanced security: Smart lockers can provide a secure and convenient way for customers to store their belongings while shopping.

Smart Vending Machines

• Personalized offers: Smart vending machines can use data on customer preferences to offer personalized products and discounts.
• Inventory management: Smart vending machines can automatically restock themselves based on inventory levels, ensuring that they are always well-stocked.

Smart Parking Solutions

• Real-time parking availability: Smart parking solutions can provide real-time information on available parking spaces, helping customers find parking quickly and easily.
• Automated payment: Smart parking solutions can enable automated payment for parking, eliminating the need for customers to pay at a meter or kiosk.

These are just a few examples of how IoT is being used to transform the retail industry. As technology continues to advance, we can expect to see even more innovative and exciting applications of IoT in retail.

Challenges and Considerations

While IoT offers numerous benefits to the retail industry, there are also several challenges and considerations that must be addressed:

• Data Security and Privacy: Retailers must implement robust security measures to protect customer data and comply with data privacy regulations.
• Cost and Implementation: Implementing IoT solutions can be costly, requiring significant investments in hardware, software, and integration.
• Scalability and Maintenance: IoT systems must be scalable to accommodate growth and changes in business needs, and they require ongoing maintenance and updates.
• Interoperability: Ensuring compatibility between different IoT devices and systems can be challenging, as there may be variations in standards and protocols.
• Technical Expertise: Retailers may need to hire or train staff with specialized technical expertise to manage and maintain IoT systems.

Despite these challenges, the potential benefits of IoT in retail are significant. By addressing these challenges and leveraging the opportunities that IoT presents, retailers can create more efficient, personalized, and engaging shopping experiences for their customers.

Future Trends of IoT in Retail

As IoT technology continues to evolve, we can expect to see even more innovative and exciting applications in the retail industry. Some of the future trends include:

• AI and Machine Learning: AI and machine learning can be used to analyze customer data and predict future trends, allowing retailers to optimize their operations and marketing strategies.
• Augmented Reality (AR) and Virtual Reality (VR): AR and VR can provide immersive shopping experiences, allowing customers to try on products virtually or visualize how they would look in their home.
• Edge Computing: Edge computing can enable real-time data processing and analysis at the edge of the network, reducing latency and improving the responsiveness of IoT applications.
• Blockchain: Blockchain technology can be used to secure supply chains, track product authenticity, and improve transparency for consumers.

By embracing these future trends, retailers can stay ahead of the curve and continue to provide innovative shopping experiences for their customers.

Conclusion

In conclusion, IoT is transforming the retail industry by providing new opportunities for enhanced customer experiences, increased operational efficiency, and data-driven insights.

However, it is important to address the challenges and considerations associated with IoT implementation, such as data security, cost, and scalability. By carefully planning and executing IoT initiatives, retailers can reap the benefits of this transformative technology and stay competitive in today’s rapidly evolving retail landscape.

Charter Global can play a pivotal role in helping retailers leverage the power of IoT. Our expertise in technology integration, data analytics, and security can ensure a seamless and secure implementation of IoT solutions.

Here’s how Charter Global can assist:

• Technology Integration: We can help integrate IoT devices and systems with existing retail infrastructure, ensuring compatibility and optimal performance.
• Data Analytics: Our data analytics capabilities can help retailers extract valuable insights from IoT data, optimizing operations, improving customer experiences, and driving sales.
• Cybersecurity: We can implement robust security measures to protect sensitive customer data and prevent cyber threats.
• IoT Consulting: Our experts can provide guidance on selecting the right IoT solutions, developing a roadmap for implementation, and addressing potential challenges.

The post IoT in Retail: Revolutionizing the Shopping Experience appeared first on Charter Global.

But what impact is IoT having on modern enterprises? 

Easy To Be a Part of The Globalization Movement 

IoT enables tech-facilitated interactions, accelerating digital transformation, a trend that’s becoming ubiquitous across various sectors. 

In today’s marketplace, companies are finding themselves propelled toward digital adaptability, and operational resilience is seen as a focal hallmark of success. Ongoing investments in this domain are yielding groundbreaking IoT solutions, paving the way for growth opportunities. It’s noted that a significant 83% of businesses leveraging IoT technology for their processes see a substantial enhancement in their productivity.

Owing to the extensive benefits of IoT, businesses globally are increasingly investing in this technology. By 2025, businesses are poised to invest upwards of $15 trillion in IoT, signalling its broad acceptance across various industries such as apparel production, healthcare, and urban governance. This investment underscores the recognition of the considerable benefits IoT devices can offer to their operational frameworks.  

What Are The Key Benefits Of The Iot For Business? 

IoT enables businesses to incorporate innovative approaches into their daily activities. Thanks to the rapid development of IoT technology in recent years, identifying growth prospects and sustaining a competitive edge has become more straightforward. 

IoT helps businesses reduce costs 

By improving operations in areas like production, manufacturing, and supply chain management, this cutting-edge technology minimizes downtime and conserves financial resources. Below are ways businesses leverage IoT for success: 

• Operational centers can forecast machinery productivity and determine ideal maintenance schedules. 
• Utilizing sensors and analyzing energy usage patterns, companies can decrease electricity use, leading to lower operational expenses. 

IoT boosts productivity and profit  

Automation led by IoT significantly contributes to heightened workforce productivity. This involves eliminating or minimizing repetitive tasks and making sure that the resources and machinery are efficiently utilized.  

IoT opens new business opportunities 

By integrating advanced data analytics with tailored hardware and software facilitated by IoT, businesses gain innovative insights that foster growth. For instance, the healthcare industry utilizes IoT to meticulously track patient recuperation trends, while the retail sector employs IoT to analyze purchasing behaviours across various demographics. Insurance companies adjust premiums based on driving habits. Such distinctive opportunities are discoverable in numerous fields, potentially encouraging partnerships between two or three industries to enhance income and efficiency. 

IoT helps with optimal asset allocation and data tracking 

IoT facilitates the utilization of assets and effective tracking through the interconnectedness of devices. By embedding sensors and smart technology into physical objects, IoT enables real-time data collection and communication. This connected ecosystem allows businesses to monitor and manage their assets efficiently, leading to improved operational efficiency, timely maintenance and informed decision-making. This results in enhanced productivity, cost savings and a more streamlined approach to asset management across various industries. 

IoT creates a secure environment 

IoT enhances security standards through interconnected devices that monitor and safeguard premises effectively. Smart sensors, cameras and other IoT-enabled devices collaborate to create a comprehensive security ecosystem. These devices can detect and respond to various physical threats in real-time, such as unauthorized access, suspicious activities, or environmental hazards. Through advanced analytics and automation, IoT systems can trigger immediate alerts and initiate preventive measures. Access control systems, integrated with IoT, allow for dynamic adjustments to permissions and authentication protocols, enhancing the security of restricted areas.  

How Can Modern Businesses Employ IoT? 

1. Smart retail solutions: Businesses can embed IoT devices in retail spaces to enhance customer experiences. With smart shelves, a retail business can automatically track inventory, sending real-time updates to prevent going out of stock. With the ability to personalize marketing messages and promotions based on customer preferences and location within the store, a retail company can build strong connections with their target audience.

2. Connected workspace for employee productivity: IoT allows you to create a connected workspace using IoT devices to enhance employee productivity and well-being. Smart office solutions can include occupancy sensors to optimize space utilization, smart lighting systems that adjust based on natural light and occupancy and climate control systems that adapt to individual preferences.

3. Supply chain visibility: IoT is an essential tool in the supply chain sector. It can be employed to achieve end-to-end visibility by using sensors and tracking devices on shipments to monitor the location, condition and status of goods in transit. This enhances logistics management, reduces delays and improves overall supply chain efficiency while also providing real-time data to customers.

What Is Charter Global’s Role? 

Charter Global’s IoT offering is designed with creativity, adaptability, and a focus on security. Whether your organization aims to merge traditional systems with contemporary networks or connect various devices to enterprise and cloud environments, we’re equipped to facilitate your IoT implementation. Our team of skilled IoT specialists is ready to guide you in selecting the most effective IoT strategies to enhance operational productivity. 

The post The Role of the Internet of Things (IoT) in Modern Businesses appeared first on Charter Global.

Manufacturing isn’t only the undisputed leader within the Industrial Internet, but it leads all the industries, including the buyer IoT space within the broader IoT reality. According to the International Data Corporation (IDC) in 2017, the manufacturing industry spent a total of $178 Billion in 2016 on IoT, which is reportedly the second-largest vertical market.

The manufacturing industry could be a leader within the IoT by enabling manufacturers to undertake digital transformations from multiple perspectives: efficiency, automation, customer focus, competitive benefits, and therefore the advantages offered by using data throughout the manufacturing value chain and leveraging new revenue streams, which is a key aspect of digital transformation in manufacturing.

In the APeJ region (the Asia Pacific excluding Japan), a third (1/3) of all IoT spending (hardware, software, services, and connectivity combined) will behave been manufactured in 2020. In other regions, manufacturing occupies the primary place but it has spent a much smaller percentage on IoT. In the US, for example, the manufacturing industry only spent about 15 percent on IoT. Clearly, there are many opportunities to be realized within the future Industrial Internet markets.

As we all know, manufacturing is a highly complex industry, which covers many sorts of products, operations, processes activities, components, machines, people, partners, information systems, etc. Let’s examine the manufacturing or industrial production stage of raw materials: They are purchased, logistical transported, warehoused, cataloged, inventoried, and processed or reformatted to be utilized or to build other new products. This is the front-end supply-chain for the manufacturer.

After the new products are produced, they may be shipped to another location for finalizing product or packaging the product. Subsequently, the final new product is purchased, logistically transported, warehoused, categorized, and inventoried before they are stocked onto the shelves of a retail establishment. This is the supply chain for the retail market. It’s clear to see there is an enormous market interconnection. In fact, 66% of the Producing Pioneers state that IoT is the most critical element for competitive advancement for the future of the manufacturing industry!

Implementing the Industrial Internet of Things (IIoT) is key to a successful manufacturing industry by utilizing an integrated approach, which supports technologies like Data Analytics, Cloud-based interfaces, APIs, etc. To make your manufacturing company become more competitive and successful in 2021, contact our expert consultants at Charter Global, Inc.

Posted by Charter Global Inc. on November 09th, 2020.

The post Internet of Things (IoT): Merits and Patterns appeared first on Charter Global.

1. Big Data Convergence:

Internet-of-Things (IoT) is changing the way we live and conduct business exponentially, generating a huge amount of data in the process. Big data platforms, for example, are usually made for supporting the demands of large-scale storage and for performing investigative work.

Interestingly, Internet-of-Things (IoT) and big data have a lot in common. Smart devices, for example, are now being designed specifically for the purpose of digesting massive amounts of system and user-generated data. The cloud has proven instrumental in meeting analytic and storage requirements in the realm of big data. Moving forward, the junction between IoT and big data will definitely be a trend on the rise.

2. Data Processing with Edge Computing:

Albeit a powerful force, weaker elements in IoT are evident in the addition of devices behind the firewall of the network. While Securing the devices may be easy, securing the IoT itself proves a trickier phenomenon. Thus, security measures must exist between the network connection and the software applications linking to the devices.

Perhaps the most notable benefits of IoT are it’s cost-effectiveness and efficiency, especially in the data processing. Rapid-fire data processing is prominent in most smart devices, re self-driving vehicles and intelligent traffic-lights (aptly coined, “smart lights”). Edge computing has been proposed as a potential solution, gaining immense popularity.

Edge computing usually outperforms the cloud when it comes to speed and cost. Faster processing translates to lower latency, which is one of the premium benefits of edge computing. Data processing with edge computing will see an uptake in IoT trends in the near future, for certain.

3. Auto-ML (Machine Learning) for Data Security:

In present days, developers are tasked with finding newer methods in which people can share data securely by the use of block-chain-like technologies. Many industrial companies are learning how to trust and accept the forecast of machine learning models (otherwise known as “predictive analytics”) and will acclimatize their operations for preventing the downtime by model outputs.

Machine learning model training will likely become a highly automated process. Industrial companies, in particular, will increase the large capital assets, particularly in cloud computing, in the near future.

4. Internet-of-Things (IoT) – Massive Growth Coming:

When it comes to data analytics, IoT is perhaps the most promising technology to date.  Smart devices ingest more data and information about the devices and users, and by 2020, it is expected that IoT devices will exceed 31 billion. Today, we see IoT devices as the major part of reporting and tracking.

IoT services are capable of the extraction, storage, and analysis of massive data stores. When coupled with other ground-breaking technologies, like Artificial Intelligence (AI), for example, the essential data can be appropriately measured, filtered and categorized.  IoT service trends will most definitely see an increase in the amount of “work” smart devices are doing. What’s more, they will serve to assist data scientists and technicians in providing powerful, insightful suggestions.

5. Better Data Analytics:

Chances are, you’ve heard some of the hype and clamor surrounding artificial intelligence in modern business practices. The merger of IoT and AI has seen many recent developments, as the two can be used interdependently to provide e a centralized decision-making tool for all types and sizes of businesses.

AI and machine learning are systems that can easily identify trends, patterns, and unique behaviors otherwise invisible to the naked human eye. Better data analytics and the need to safeguard this said data are two major reasons for the rise of this trend. By collecting insights from this data, we could even suggest it be rendered to help us make better decisions in our personal lives. The sheer intelligence, thoughtfulness and self-learning capabilities make this a hugely popular trend to look out for in the near future.

6. Smart Cities to Become Mainstream:

When it comes to data collection, many states have adopted a more technological approach – replacing or improving upon antiquated infrastructure; integrating sensors to reap data that proves invaluable for the purpose of urban planning and development. Prepare yourself for the integration of IoT into just about every sidewalk, crosswalk, highway, and byway, as data collection becomes less of a convenience and more of an evolutionary imperative for American progress.

Cities both nationwide and globally will become pioneers for the great data exchanges affording accessibility and empowering evidence for better decision-making. Ultimately, the digestion and dissemination of this unique, all-telling data will provide a fundamental platform for both private and public organizations and the citizens under their watch.

IoT integration for the sake of developing “responsive cities” can accomplish goals such as lessening traffic congestion, unlocking sustainable development and improving safety precautions.

7. Personalization of the Retail Experience:

With IoT, the efficiency of supply chain and information systems management has grown by leaps and bounds with respect to retail. Sensors and other smart beacon technologies are being used to tailor shopping experiences with ease, speed, and accuracy like never before.

In the not-so-distant future,  IoT trends can be used to monitor, gauge, track, and personalize your investment portfolio – making unique, custom trade recommendations based on your data insights.  Or, imagine getting notified immediately when a highly-sought-after product from your favorite shop is discounted via push notification which when expanded, offers an indoor map of your favorite shop – leading you to the exact product you desire.

The value of this trend ensures the better integration of personalized retail experiences which ultimately can bring upon a new era of shopping as we know it.

The post Internet-of-Things (IoT) Trends appeared first on Charter Global.

Yet, IoT exists as a result of the availability of a central platform on which these devices can operate. Enter: Android. But, why has Android become the major driving force behind IoT? According to IoT market trends, most smart devices run on Google’s operating system, Android. Most people are familiar with smartphones, and subsequently familiar with the Android operating system. It is currently the world’s leading mobile device operating system edging out iOS. As of 2013, Android smart phones had outsold Apple’s iPhones 4 to 1.

Smartphones were only the beginning. The expanding demand for interconnected devices and Android is leading the charge as tech companies battle for the top. As such, the world of IoT is seemingly being curated specifically for Android.  Outlined below are three reasons why Android is at the forefront of IoT:

Android is a universal front end from which developers can work

Android has risen quickly as a software platform mostly because Google (the company behind it) chose to give it away to developers and device makers. The Linux-based software is open source, therefore allowing just about anyone to use its source code and therefore customize it for use in just about any gadget they can imagine. The number of devices that rely on Android as an operating system today are numerous. With such a large number of devices run on Android it is easy to see how Android acts as a front end for IoT. It is easy and cheap to develop devices for IoT making them even more affordable for consumers.

Apps drive IoT

A gadget is just a gadget. However, with the right app to and software to help it run and perform different tasks, it becomes much more. Apps are what make it possible to use IoT devices. Android is currently the world’s largest app platform. As of December 2016, Google Playstore was reported to host more than 2.6 million apps. It is not surprising that Android drives the IoT movement.

IoT is being built on Java

Many IoT devices are being built on Java. It therefore makes sense that Android is driving the IOT market. Android allows for Java to be applied in a way that makes sense as opposed to the use of embedded JAVA which requires dedicated devices.

To understand the application of Android in IoT, we must understand the IoT ecosystem and Android’s role in it. The following facets represent the composition of the Android IoT Ecosystem

→ The sensor

Sensors detect physical properties such as temperature and generate digital signals. Many hardware vendors rely on specific domains such as Linux, Android and Windows. The popularity and availability of Android makes it an easy winner in this area. The fact that Android is open source and can be tweaked for use in any device makes it a popular choice for device makers.

→ Data Transfer

There must be a component that supports the transfer of data from the sensor. The two simplest options available for this are MQTT and XMPP. Android supports both of these open source implementations. The libraries can be used on Windows, Linux and Android.

→ Device

There must a device or processor with an operating system that supports the components of the IoT ecosystem. This ought to be a small and portable device that doesn’t consume too much power but can provide continuous connectivity. In many cases, inexpensive Android devices are chosen for this. Android devices meet the requirements to support a wide variety of sensors. There are also various tutorials available to assist developers.

→ Program

There must be a program that receives the data and stores it. This could take the form a standard Linux Server. This server receives the data, decodes it and processes it. The data can be used for subsequent analysis. There is no doubt that Android is the major driving force behind IoT devices. 

The post 3 Reasons Android and Internet of Things (IoT) Partner Well Together appeared first on Charter Global.

As the 5G mobile network becomes more mainstream, various industries are capitalizing on the value of wireless connectivity with respect to the market in smart devices and the Internet of Things (IoT). The challenge lies, perhaps, in redeveloping, redesigning, and restructuring services and products so as to leverage the superior capabilities of a 5G network.

With that said, there’s no shortage of IoT platforms and IoT devices used by people everyday around the world. Let’s take a look at 5 industries where 5G and IoT will likely dominate in the near future:

1. Self-driving Cars:

Sensors on self-driving cars generate a large amount of data – measuring temperatures, traffic conditions, driving patterns, driver behavior, GPS coordinates, etc. Producing and assimilating such quantity of data consumes lot of energy. To provide optimum services, such cars are also heavily reliant on real-time transmission of information (Tesla, anyone?)

High speed connectivity and low latency allows intelligent cars to constantly collect all sorts of data, including fragile, time-sensitive information. Complex algorithms work autonomously, keeping track of the working condition of the car; while conceptualizing improvements for future designs.

2. Healthcare:

The medical field will also see improvements in their services as all sorts of medical devices become IoT enabled. Rural areas and other similar remote locations without proper healthcare facilities will hugely benefit from IoT connectivity.

With such low latency, world class healthcare services like surgeries performed remotely become a possibility.

3. Logistics:

5G connectivity will make it possible for sophisticated IoT tracking sensors that could transform logistics operations from end to end. High speeds and low latency help gather real-time data more efficiently; tactfully accumulating a wide variety of data – at all points within a supply chain and for a very long period of time.

A consumer would have access to detailed information like where the fish she just bought was caught, what temperature was it stored in during transportation and when was it delivered to the retailer.

4. Smart Cities:

5G will enable wider applications in smart city initiatives from water and waste management, traffic monitoring to enhanced healthcare facilities. Smart Cities will enjoy the benefits of the new generation network as more and more sensors make their way into city infrastructure.

In addition to handling massive amounts of data, 5G integrates various, intelligent systems.

This network allows for constant communication between one another, bringing the vision of a truly connected city closer.

5. Retail:

IoT for Retail will see a positive impact from the coming of 5G as they attempt to shape customer engagement and experiences through mobile phones. Better connectivity and larger number of devices connected to the network will allow them to interact with shoppers faster with improved digital signage. New and innovative ways of customer engagement that incorporate Augmented Reality and Virtual Reality will become more popular. Retailers will be able to enhance the shopping experience by driving omnichannel retail practices more effectively.

5G and IoT together will also help in bringing every item on the shelf to the internet by creating digital twins for them. If the number of hardware connected devices is expected to be in the billions, the potential for ordinary consumer products with digital twins to be a part of the new Internet of Things is considerably more.

Unlike hardware devices, consumer products won’t have internet connectivity – but they will be able to send and receive information based on event-based interactions with consumers and other entities through scanning, RFID readers, NFC taps and more; ushering in the era of smart products.

Summary

The current wireless infrastructure is not up to the task of managing so many products on the network, but 5G will make it possible. Smart Packaging and Digital Labels will transform the way retailers manage inventory and track logistics as well as provide a hotbed of innovation to use them as a means to creatively interact with consumers.

4G is inadequate for handling the data load from the ever-increasing number of sensors and connected devices coming online, limiting what IoT can truly achieve. With its high data speed, low latency, more flexibility, low energy consumption, cost-effectiveness and ability to withstand a far greater number of devices, the 5G is the perfect enabler for Internet of Things.

We are looking at a future where not just mobiles, computers and tablets are linked to the internet, but a whole array of everyday objects, grocery products, and city assets. This presents new business opportunities for the emergence of organizations providing services and apps to manage complex IoT ecosystems and convert data into smart insights. 5G will play a significant part in transforming not just how we communicate, but businesses and society as a whole as well.

The post Let’s Take a Look at 5 Industries Where 5G and IoT Will Likely Dominate In The Near Future appeared first on Charter Global.

The standard definition of IoT describes a broad understanding of the connectedness of IoT devices, but it fails to properly define which ‘things’ actually are IoT devices.

IoT is a giant network of connected things and people, all of which collect and share data about the way they are used and about the environment around them.

How does it work?

IoT enables Big Data. The ‘Internet of Things’ basically works through M2M (Machine to Machine) communication, in which physical objects or ‘Things’ function by interacting with each other.

The Internet of Things (IoT) consists of all the web-enabled devices that collect, send, and act on data they acquire from their surrounding environments using embedded sensors, processors and communication hardware.

These “connected” or “smart” devices can sometimes talk to other related devices and act on the information they get from one another. Experience the Internet of Things.

Importance of IoT

In general IoT promotes a heightened level of awareness about our world and a platform to monitor the reactions to changing conditions. And, like the advent of the Internet itself, IoT enables a broad range of applications from the micro to the macro, and from the trivial to the critical.

Since we’re focusing here on why IoT is important, let’s turn our attention to the “macro” and the “critical” first, and look at some provocative ideas that are already in development across the globe.

The Internet of Things is growing rapidly, and it’s forecast that by 2020 it could include between 30 billion and 75 billion things ranging from smart bands, toys, and photo frames to medical devices, earthquake sensors, and airplanes.

Charter Global IoT Solutions

Charter Global works collaboratively with IT teams and technology partners to build IoT into your business model.

We provide skilled resources and expertise to build your strategy, implement, and deliver your IoT solution with optimal performance.

The post Internet of Things (IoT) Trends in 2019 appeared first on Charter Global.

The Internet of Things (IoT)  introduces a complex combination of hardware and software that work together flawlessly in a wide variety of environments and, in many cases, with no human interaction whatsoever.

This variation and complexity puts a significant strain on the skills of  an inernet of Things Software Development team, so it’s important to avoid leaving out these three components in your IoT strategy.

1) Cross-Platform Considerations:

The internet today is largely decentralized. Many devices work together in concert for a variety of purposes. For example, edge computing uses the Internet of Things (IoT) devices as a means of more evenly distributing the computational load. To understand, consider cloud computing briefly.

Cloud computing networks multiple servers together. If one computer could process a terabyte of data in an hour, two could do it in thirty minutes, three could do it in fifteen, four could do it in seven and a half, five could do it in half that time, and as you increase available networked servers, the time continues to reduce until a terabyte can essentially be processed in real time.

Amazon has a cloud computing server array which puts more than a million servers to the task of creating a cloud array. But you don’t need that many to spread out the load of data processing. Many businesses use IoT devices as a means of facilitating what’s known as an “edge” network.

An edge network substitutes IoT tech for servers to the same effect or that of whatever a business using such solutions requires. This technique has expanded such that the web itself is, essentially decentralized. Accordingly, IoT software development today seeks to keep pace with this trend.

2) Comprehensive Understanding of IoT Companies:

Internet of Thing software development companies must answer an increasing demand for decentralized solutions which have compatibility across the board. Smartphones, tablets, laptops, smart cars, smart homes—there are many “smart” IoT devices. Not all of them have been designed with software or hardware that is in agreement.

Accordingly, internet of things software developers are increasingly seeking to develop programs which facilitate cross-platform utility. But there are always bugs. Even the most well-designed program will have hidden errors in code, or coming from how that code interfaces with other programming languages. Beta testing is key, but that’s not enough.

3) Performance Monitoring Solutions:

The performance of your program must be gauged continuously, and issues addressed as soon as they manifest. Cloud computing facilitates various design tools that provide solutions, and there are also APM options out there worth considering.

Programs which gauge the effectiveness of other software necessarily have their own coding, and as a result, associated strengths and weaknesses. What this means is that varying startups are carving a notable niche in the market through the facilitation of IoT solutions. Some IoT software solutions pertain to interface between different devices and platforms, some IoT applications have to do with monitoring.

There are additionally organizational protocols and security solutions which have a root in the cloud, and help facilitate IoT options across the world. Other considerations for businesses either looking to branch into IoT, or more securely establish themselves, include a number of surprising trends.

4) Research on Trends and Opportunity:

Blockchain technology may become more relevant as cryptocurrency comes to dominate the market. Internet of Things software development teams are expected to consider security and connectivity simultaneously. IoT data has reached a level of integrity that has become vastly commercialized. One of the most important applications of IoT technology now involves manufacturing, which has some surprising modern innovation.

“Smart” manufacturing uses cloud computing and edge computing techniques as outlined earlier in this writing to help monitor and optimize production. For example, a given machine may be fitted with an IoT device at an operational “bottleneck”. Vehicles have “check engine” lights connected to an internal CPU. When something goes awry, a service indicator appears which helps a mechanic know what to fix.

IoT devices use similar technology in a way which allows those running manufacturing operations to maximize equipment utility, fixing problems before they knock a device out of commission, and helping regularly scheduled maintenance to become more efficient.

There’s a lot of software needs here, and many startups focused on facilitating them. Internet of Things software development will only get more complex as new ideas evolve. The industry is wide open, and likely to continue becoming more integral as technology advances.

5) Regular Assessment and Updates:

There’s a lot of software needs here, and many startups focused on facilitating them. Internet of Things software development will only get more complex as new ideas evolve. The industry is wide open, and likely to continue becoming more integral as technology advances.

With all the aspects considered, it is very obvious that IoT is as of now, the biggest revolution in the technology industry! The arrival of IoT happened at the most accurate time. When the users were looking for some technology to increase their convenience.

The acceptance and engagement of Internet of Things in software industry have seen a rise, and overall, the technology of IoT is not only benefiting the users but is simultaneously benefiting the businesses and software developers as well.

The post Don’t Leave these 5 Things Out of Your IoT Game Plan appeared first on Charter Global.

The 5G network will especially help establish the future of the Internet of Things as an indispensable part of our world, by laying the foundation for unleashing its full potential. According to a survey, 20.4 billion connected devices in the world by 2020, a number that will continue to rise. Current wireless infrastructure just does not have the capacity to accommodate so many devices and ensure exchange of information without minor lags.

Think about the benefits of 5g in machine type communications. As it stands, cellular networks can’t really keep up with the constant evolution of technology. Data analytics show that wi fi, without 5g deployment, is straining mobile networks – especially with an increased usage of iot applications, artificial intelligence, and iot product.

5G promises a more IoT friendly ecosystem, with vast improvements over the current capabilities of the 4G. Not only will it allow extremely fast data speeds, such as to render 4G as sluggish, 5G also means latency of a mere 1 millisecond. It means, one can download an HD film in seconds. Compared to the 4G LTE, it will be able to embrace up to 100 times more connected devices per unit area.

So how does it help expand the IoT platform? The idea behind IoT is to have multiple connected devices gathering data in real time over a particular period. However, the continuous exchange of data puts a strain on the network and the battery life of the devices. The new wireless network will see a 90% reduction in network energy usage, with up to 10 years worth of battery life for low power IoT devices.

It’s a long way to when 5G becomes mainstream, but businesses need to start now with developing and re imagining services and products to leverage 5G’s superior capabilities.

Take a look at 5 industries where 5G and IoT will likely dominate in the near future:

1. Self-driving Cars:

Sensors on self-driving cars generate a large amount of data, measuring temperature, traffic conditions, weather, GPS location etc. Producing and assimilating such quantity of data eats up a lot of energy. Such cars are also heavily reliant on real time transmission of information to provide optimum services.

high speed connectivity and low latency allows intelligent cars to constantly collect all sorts of data, including time-critical data. Complex algorithms can work on to autonomously keep track of the working condition of the car and improve future designs.

2. Healthcare:

The medical field will also see improvements in their services as all sorts of medical devices become IoT enabled. Rural areas and other similar remote locations without proper healthcare facilities will hugely benefit from IoT connectivity. With such low latency, world class healthcare services like surgeries performed remotely become a possibility.

3. Logistics:

5G connectivity will make it possible for sophisticated IoT tracking sensors that could transform logistics operations from end to end. High speeds and low latency help gather real-time data more efficiently; tactfully accumulating a wide variety of data – at all points within a supply chain and for a very long period of time.

A consumer would have access to detailed information like where the fish she just bought was caught, what temperature was it stored in during transportation and when was it delivered to the retailer.

4. Smart Cities:

5G will enable wider applications in smart city initiatives from water and waste management, traffic monitoring to enhanced healthcare facilities. Smart Cities will enjoy the benefits of the new generation network as more and more sensors make their way into city infrastructure. In addition to handling massive amounts of data, 5G integrates various, intelligent systems. This network allows for constant communication between one another, bringing the vision of a truly connected city closer.

5. Retail:

IoT for Retail will see a positive impact from the coming of 5G as they attempt to shape customer engagement and experiences through mobile phones. Better connectivity and larger number of devices connected to the network will allow them to interact with shoppers faster with improved digital signage. New and innovative ways of customer engagement that incorporate Augmented Reality and Virtual Reality will become more popular. Retailers will be able to enhance the shopping experience by driving omnichannel retail practices more effectively.

5G and IoT together will also help in bringing every item on the shelf to the internet by creating digital twins for them. If the number of hardware connected devices is expected to be in the billions, the potential for ordinary consumer products with digital twins to be a part of the new Internet of Things is considerably more.

Unlike hardware devices, consumer products won’t have internet connectivity – but they will be able to send and receive information based on event-based interactions with consumers and other entities through scanning, RFID readers, NFC taps and more; ushering in the era of smart products.

The current wireless infrastructure is not up to the task of managing so many products on the network, but 5G will make it possible. Smart Packaging and Digital Labels will transform the way retailers manage inventory and track logistics as well as provide a hotbed of innovation to use them as a means to creatively interact with consumers.

4G is inadequate for handling the data load from the ever-increasing number of sensors and connected devices coming online, limiting what IoT can truly achieve. With its high data speed, low latency, more flexibility, low energy consumption, cost-effectiveness and ability to withstand a far greater number of devices, the 5G is the perfect enabler for Internet of Things.

We are looking at a future where not just mobiles, computers and tablets are linked to the internet, but a whole array of everyday objects, grocery products, and city assets. This presents new business opportunities for the emergence of organizations providing services and apps to manage complex IoT ecosystems and convert data into smart insights. 5G will play a significant part in transforming not just how we communicate, but businesses and society as a whole as well.

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