The internet did a lot to democratize marketplaces and extract substantial efficiencies from ongoing operations. Requiring only a minimal investment, anyone potentially could create a successful business, especially if they leveraged large distribution channels, such as Amazon or eBay. Yet for all the technological advances, many businesses still suffer from relatively high operating expenses due to the analog nature of existing infrastructure—a sensor can generate an alert that a pipe is leaking, but a maintenance worker has to do the rest. Entering such a traditional marketplace, with its high barriers to entry, would normally be fraught with risk.
In 2008, a secretive inventor—or group of inventors—named Satoshi Nakamoto created the cryptocurrency Bitcoin and its underlying blockchain (or alt-chain) technology. Blockchain is a peer-to-peer distributed ledger system in which transactions are recorded but cannot be copied. This methodology that remedies many of the drawbacks of traditional internet networks as a blockchain is essentially a self-auditing ecosystem that reconciles transactions every ten minutes in groups known as blocks.
A Roundtable Webinar Discussion
Featuring Neo and IoT experts
March 29, 2017
Monitor, Control, and Manage your Organization’s Devices all from a Simple Interface
AerPort, Neo’s IoT connectivity management platform, puts you in complete control of your organization’s IoT network and devices. With AerPort, you can monitor and make changes to your SIM cards, set up custom alerts, run detailed reports, and detect and troubleshoot any network or device issues all from a single, easy-to-use interface.
Google made more than $89 billion dollars in revenue in 2016, Amazon $136 billion. These companies (and others) revolutionized their industries by taking an existing platform (the web) and maximizing its marketing potential. Such fantastic opportunities exist again thanks to IoT. Now you can take a basic IoT infrastructure and maximize its value via up-selling and cross-selling to consumers. Much like web technologies, IoT-driven marketing treats each user as unique and delivers a personalized experience that both increases sales and enhances loyalty over the long term.
Don’t let its cute-sounding name or common uses fool you, Bluetooth is a serious technology for Internet of Things applications. Developed by Ericsson in 1994, Bluetooth uses short-wavelength UHF waves between 2402 and 2480 MHz. Widely known as the best wireless transmission technology for audio, and the ubiquitous solution for hands-free calling in automobiles, Bluetooth is making waves in consumer and business IoT where device-to-device communication needs to be fast, easy, and wireless. Bluetooth won’t support every IoT need, but the sheer number of Bluetooth-enabled devices on the market and the ease of programming Bluetooth compatible applications makes it an important technology to familiarize yourself with as your business implements IoT solutions.
Wi-Fi is all around us these days because of its use in businesses, schools, offices, hospitals, and even smart cities from Paris to El Paso providing Wi-Fi internet access to citizens and tourists. Wi-Fi data, much like that sent via walkie-talkies or cell phones, is transmitted and received by radio waves. Wi-Fi is also one of the critical building blocks in broadening the scope of the Internet of Things (IoT) because Wi-Fi can connect smaller devices to a larger network. IoT requires a layered system of information, forming a data chain starting with IoT tracking devices, ending with databases where the data can be interpreted.
Using the Internet of Things to enhance your and your customers’ experience is more accessible than ever before, whether your company is a tech-savvy startup or a respected, established enterprise. There is no reason only large companies should benefit from the monitoring and analytical capabilities of IoT. With a smart budget and a cohesive business vision, your small business can benefit from the research and development that has already been put into IoT technologies.
Are you a new Neo customer? You may be wondering how to understand the monthly bill you receive for Neo’s self-serve IoT connectivity. It’s pretty simple, but it’s also worth taking a careful look at each line-item to make sure you know what each charge is. So let’s review.
In the Internet of Things world, the flashy projects get a lot of attention. Fleet management that keeps millions of trucks truckin’ across the country, smart grid applications that power cities more efficiently – these may be the IoT’s big wins, but just as important are the small, but essential services that the Internet of Things is bringing to everyday lives. Such as monitored pillboxes for seniors and people with chronic conditions.