Technology

5 Ways IoT Has Affected The Business Industry

Image by Tumisu from Pixabay  The advancement in technology has positively affected the business industry. IoT technology is one of those positive effects of technology on the business industry as with. woocommerce smart coupons.  These days, IoT adds value to a business exponentially, by promptly making decisions as a result of very fast analysis of mammoth amounts of data. IoT which is also known as the internet of things is a number of interconnected devices.  IoT is a network of interconnected devices and appliances such as a tablet, cars, thermostats, refrigerators, etc. These devices are connected by software, sensors, actuators, and connectivity that enable them to connect and exchange data. IoT has made the concept of smart homes possible. With the internet of things, you can use your personal tablet to operate your refrigerator, television, switch your power off or on, close your doors, etc.  All these are possible because these devices and appliances are interconnected by software and the internet. The internet of things has greatly transformed the business industry by making the notion of smart business a huge possibility as it is also used in the business industry.  Its introduction to the business industry is a plus as the IoT has…

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Technology

How AI in The IoT Customer Journey Enhances CX

Image by John Hain from Pixabay The advancement in automation which saw the birth of AI and machine learning is radically transforming the customer journey. Brands are capitalizing on this advancement to engage customers and prospects, with the ultimate aim of enhancing CX (customer experience).  The Cisco Visual Networking Index: Forecast and Trends, 2017–2022 White Paper, estimates that there will be 28.5 billion IoT devices by 2022, up from 18 billion in 2017, and these IoT devices can promptly make decisions as a result of very fast analysis of mammoth amounts of data. With these figures as a yardstick, your brand should be focused on how to ensure that your digital, marketing team, sales, R&D, and customer service are prepped for this unprecedented transformation. IoT Agenda reports that the IBM Institute for Business Value in a study, titled “The AI-Enhanced Customer Experience,” said that 74% of respondents were of the view that AI will drastically impact their initial perspective of CX. To achieve this, however, you require a broad outlook and a cohesive approach in the use of AI in augmenting CX at large.  Your aim will be defeated if you ordinarily focus your attention on one IoT device or…

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Business

Differentiating Between Lean Manufacturing And Six Sigma

Image by Tumisu from Pixabay  In the business world, of late, you can witness a debate going on – Lean manufacturing Vs Six Sigma – which one is the best to opt to achieve your business goals. Many people have strong opinions about both methods. However, both methods share the same goal that is cutting costs and eliminating waste. But, they use different approaches to achieve this common goal. Lean manufacturing is a systematic and well-calculated way of eliminating waste and creating flow in the production process through the adoption of lean principles. On the other hand, Six-Sigma is a set of techniques that focuses on reducing the rate of errors. What is Lean Manufacturing? Lean manufacturing technology is not new. This technology was first introduced by Henry Ford. He wanted to keep the production standards very high so that each step falls naturally into the next one, thereby reducing the waste gradually. Then another automobile giant Toyota implemented this process and founded the Toyota Production System (TPS), which became one of the most efficient systems in the world. The biggest difference between Lean and Six Sigma is that they analyze the cause of waste differently.  Lean demonstrates seven types of wastes that…

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Technology

As Edge Computing Gains Steam, We Must Balance Benefits With Security Risks

The overriding premise behind setting up a business is to make handsome ROI and this occasions cutting unnecessary costs. Edge computing comes on this basis to shift focus more to the source of data as a way of improving response times and saving bandwidth. Since you have to move closer to the source of data, there is always a high probability of jettisoning your otherwise well-articulated security measures. What most businesses fail to put into consideration is the absolute need to balance the accruable benefits with the potent security risks. If you are involved in the ongoing back and forth between centralized and decentralized IT, you must have begun to see the limitations of a centralized IT. You probably have also started questioning the rationale behind having hundreds or thousands of industry-standard servers running a host of applications in consolidated data centers.  This is not helped by having new types of workloads and distributed computing. If you sum up all of these with the fast pace of IoT, you definitely have a good cause for the observable rise in edge computing. The new realization now is that processing at the edge brings compute closer to data accumulation and hence the…

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Business, Technology

How to Best Safeguard Your Customers’ Data From Cyberattackers

Your customer is the best asset you have and should be roundly protected from any form of harm. With the unceasing onslaught by cyberattackers on governments, businesses, and individuals, the least you can do is to go to any length to ensure that your customers’ data are safeguarded. A quick recap of some very ugly incidents in 2019, will bring to the front-burner why safeguarding your customers’ data must be your uppermost priority. In May, a surveillance contractor for US Customs and Border Protection suffered a breach, and hackers stole photos of travelers and license plates related to about 100,000 people.  A destructive strain of ransomware called LockerGoga has specifically been victimizing industrial and manufac­turing firms. As if that is not enough, in March, a research report from the threat intelligence firm Kaspersky, says that computer maker Asus disclosed a supply chain attack sometime in the second half of 2018 that had compromised the company’s Live Update tool to push malware to almost 1 million customers. We can go on and on as this is just the tip of the iceberg. The important thing to note here is that it’s now more necessary than ever to put serious measures in…

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Technology

Backdoor Encryption, An assault on Privacy

Facebook has certainly had its fair share of problems over the years, right from the Cambridge Analytica scandals to a host of other privacy issue related problems, which led to a lot of people deleting their accounts from the platform. Now that they have come up with a beautiful one, the end-to-end encryption that everybody should applaud, it’s a huge surprise that there is a concerted effort to stab privacy in the back through backdoor encryption. Salvos have been coming from all corners at end-to-end encryption. The surprising aspect of the whole thing is that these reactions are coming from largely unexpected quarters, that is those you thought would be very happy to fight cybercrime to a standstill.  The U.S. Attorney General William Barr in a reaction to the technology world says, “If the cops and Feds can’t read people’s encrypted messages, you will install backdoors for us, regardless of the security hit.” FBI head honcho Christopher Wray is not left out in the call for a backdoor, saying that the cops and Feds should be able to spy on end-to-end encrypted chats and the like. Also noteworthy is the fact that UK home secretary Priti Patel, US attorney general…

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