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Understanding Challenges Related to Technologies in the IoT Field

Understanding Challenges Related to Technologies in the IoT Field

 

The Internet of Things (IoT) indicates the use of connected devices and systems to leverage data gathered by embedded sensors in machines and/or other physical objects. For consumers, the IoT has the potential to deliver solutions that dramatically improve energy efficiency, security, health, education and many other aspects of daily life. For enterprises, IoT can underpin solutions that improve decision-making and productivity in manufacturing, retail, agriculture and other sectors.

 

The number of connected devices to the internet is increasing each year at an alarming rate. As there are a lot of emerging applications and evolving technologies in the field of IoT, the challenge is to increase with these growing trends in applications and technologies.

Studies shows that the IoT fields is facing a lot of challenges. From bandwidth and battery problems in small devices, power disrupts related to the devices and configurations to Data Security, Data Control & Access, no uniform standard/structure, and Large Volume of Data produced.

 

Data Security

Data security in terms of IoT is defined as a necessity to ensure availability and continuity of a certain application and to avoid potential operational failures and interruptions with internet connected devices. As we increasingly connect devices to the Internet, new opportunities to exploit potential security vulnerabilities grow.  The threats here could come in different levels such as at the device level, network or system/application levels. They also come in a variety of ways such as using random attacks such as Distributed Denial of Service (DDoS) and malicious software. Different devices such as sensors, RFID tags, Cameras, or network services (WSN,Bluetooth) could be vulnerable to such attacks which in turn can be used as botnets. Home appliances such as refrigerator, TVs can also be used as botnets to attack this and similar devices. Thus companies must ensure that IoT devices and related data services are secure from vulnerabilities, especially as this technology is becoming more pervasive and integrated into our daily lives.

 
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Data Control & Access/Privacy

It is known that IoT applications produce large volume of data in a faster rate from different devices and these smart devices collect and process personal information. But knowing what risks these devices have, how the data is produced and used, who owns and controls it and who has access to it are some privacy questions that one need to ask while getting the services of these devices. It is obvious that the data that is produced from these devices face privacy concerns from the users. The concerns most of the times could come in two forms, first where personal information about the individual is controlled, identified, and the owner does not know who access it or to whom it is known. Secondly, the individuals’ physical location can be traced and be known his/her whereabouts, hence violating privacy. This shows that privacy is one of the basic challenges in the IoT field as is anywhere in the IT field and companies must overcome it with the help of GDPR regulations.

 

No Uniform Standards/Structures

IoT is comprised of different components such as hardware devices, sensors and applications. These different components are manufactured and developed by different industries. When these components designed to be used in IoT solutions, they need to exchange data. Problems arise while trying to communicate because the standard used in one product is not used in the other and it creates communication or data exchange problems which may delay the expansion of IoT products. The problem is not only in the design of devices, but also in the internet protocols used today. The absence of uniform standard/structure for different technologies used in IoT is one challenge for the field.

 

Large Volumes of Data Produced

This is another challenge in IoT, i.e the data produced from various sensor and mobile devices is heterogeneous, continuous, very large and fast. These produced data need to be processed instantly before it is expired. Managing these kinds of data is against the capacity of traditional databases. As the number of connected devices is expected to increase in the future, the data produced from these devices is going to increase exponentially and a good analytic platform and storage systems are needed.

 

The Internet of Things involves a complex and evolving set of technological, social, and policy considerations. IOT is happening now, and there is a need to address its challenges and maximize its benefits while reducing its risks.

Corporate Survival : The Rules of Innovation

The Rules of Innovation

 

Nowadays, in high-tech industry, innovation has an important role in the process of developing successful products and services. Innovation has always been described as the creation of revolutionary ideas in the technology and business areas where the main objective is to improve the existing products or to develop new products or services that will offer the company a good position in the market.

 

In order to achieve success in the innovation process, companies must focus on aspects that need more attention. Some companies have effective diagnostics about their innovation activities. These diagnostics provide starting points for innovation projects and help to separate the symptoms of their problems and help to identify the causes of them. A sense of satisfaction can appear because the organization is not focusing on checking and monitoring the innovation process.

 

A long list of good habits and key successes behind an innovation could be listed but a list that long may not efficiently help because a decision must eventually be made in order to get things started. As a result, the management board must define the most important rules that all CEOs and senior management teams should follow to be successful in innovation. Here below are the seven innovation rules by Robert Shelton and Tony Davila:

 

  1. Exert strong leadership on innovation strategies and portfolio decisions.
  2. Integrate innovation into the company’s basic business mentality.
  3. Align the amount and type of innovation to the company’s business.
  4. Manage the natural tension between creativity and value capture.
  5. Neutralize organizational antibodies.
  6. Recognize that the basic unit (or fundamental building block) of innovation is a network that includes people and knowledge both inside and outside the organization.
  7. Create the right metrics and rewards for innovation.

 

Exert strong leadership on the innovation strategy and portfolio decision

One of the most important skills for a CEO or senior management to drive the company to success is to have strong leadership. A good management from the CEO and a clear direction from the top provides the company with a clear and robust strategy to achieve their targets, obtain a better position in the market over its competitors and drive its teams to the highest level of innovation performance.

 

Integrate innovation into the company’s basic business mentality

To keep growing, the company needs to have innovation as a necessary aspect in the business mentality. Innovation is not a magic stick that you pull out like a magician on special occasions; it must be an integral part of the way a company operates every day. It requires resources and experience that exist in in different parts of the organization. It is common for organizations to cooperate with each other to achieve common targets. Internal and external collaboration is one of essential requirement of innovation.

 

Align the amount and type of innovation to the company’s business

A winning strategy’s goal is to win, and innovation is an important element in the long-term success. Innovation mayor may not be the key to success for your overall business strategy, therefore you have to establish the types and amounts of innovation needed to support the business strategy. A company should decide what is more useful in terms of innovation strategy; it is the responsibility of the CEO or senior management team to make decisions depending upon its competitors, the external market, the internal company condition and other parameters, which will determine the success of the organization.

 

Manage the natural tension between creativity and value capture

Innovation is a business management that includes a large amount of creativity to find new ways of doing things and transform creative and abstract concepts into commercial realities. These two elements are the base of innovation; the problem is that they do not coexist easily. For many managers, integrating the creativity aspects in the management processes is a hard challenge but not impossible

 

Neutralize organizational antibodies

Innovation necessitates change, and change is seen as a threat. We all know very well that it is difficult to change the habits or processes usually used by successful organizations, but it’s important to mention that with innovation, the process management that was useful for the company in the past might not be as beneficial for the current needs of the market. Thus, it is necessary that the companies are open to change.

 

Recognize that the basic unit (or fundamental building block) of innovation is a network that includes people and knowledge both inside and outside the organization

The principal section of innovation is the network that the company has inside, like R&D, marketing or manufacturing and the network that the company has outside such as the customers, suppliers or partners. To have a successful innovation process, company must develop and maintain well these networks as they are a core competency of innovation.

 

Create the right metrics and rewards for innovation

Sometimes, the organization structures do not support the innovation environment. You will never achieve the level of innovation that you need if people do not have the proper rewards. The solution is that the company needs systems that will provide rewards to promote the innovation inside the organization, integrating them with the innovation strategy.

 

Source

  • ROBERT’S RULES OF INNOVATION – A 10-Step Program for Corporate Survival `
  • Making Innovation Work – How to Manage It, Measure It, and Profit from It – Tony Davila Marc J. Epstein Robert Shelton

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IT ASSETS – How To Deal With Complexity In Large-Scale Complex IT Systems

 

IT ASSETS management

IT ecosystems are extremely complex and true transparency often look like a myth rather than a realizable state. There is no way around the basic cataloguing and inventorying of all IT assets. But most organizations are still unprepared or at least under prepared for large scale complex IT projects and it leaves a negative impact on enterprise IT organizations because they have to face a deluge of efficiency, cost constraint and compliance issues every day.

 

To satisfy consumer by delivering on the top business services requires also on the top IT assets that comprise those business services. Laptops, servers, routers, databases, applications are a few examples of those variety of building bocks that comprise the corporate infrastructure. All of them are connectedand relate to each other and are in charge to supportt the people, processes and transactions that power a company’s business.

 

Having all those components in good shape can impact companies in a very positive way, they can not only benefit from more efficient administration but also from cost savings. When it comes to cybersecurity and new IT initiatives such as edge computing, a clear view of IT assets can be very helpful in decision making.

 

With digital technology creating a more connected world, the lack of insight into who, how, where, and which IT resources are used in the enterprise for certain work process can be dangerous for companies. Even IT Asset Management (ITAM) tools are often in short supply and unable to identify specific hardware and software associated with their networks. Having a track on the updates, security check and availability of all devices is very important.

 

Measure Data Centre Downtime

 

Data quality fuels company performance and quality data is the heart of an organization and as their performance goes, so go the performance of applications and the business as a whole. It must be accessible across all departments of a company, i.e. from procurement to financial management to IT Services Management (ITSM) and ITAM, including Continuous Diagnostics and Mitigation (CDM).

In order to have that functional data, companies must give a great attention at the performance of their datacentres. Downtime and slow system performance can result in significant lost revenue, lower productivity, and increased support costs if not resolved quickly.  According to Business Insider, a single minute of downtime costs a data center over $8,000.

 

Ready for Edge Computing

 

With edge computing and IoT, the bar for IT management has also moved up. Edge computing uses devices, edge gateways, and edge servers to run software locally. MarketsandMarkets estimates that spending on edge computing will reach $ 6.7 billion by 2022, with an annual growth rate of 35.4%. The main reason of this growth is:

 

         wide range of applications in different industries

         Growing load on the cloud infrastructure

         increase in the number of intelligent applications

 

Not surprisingly, from real-time data analysis and enhanced application performance to much lower operating costs and scheduled downtime, there are plenty of reasons why organizations need edge computing on its technology road map starting in 2019.

 

Edge Computing promises to drive the next wave of customer experience innovation. Therefore, services must be available even faster and more widely available when and wherever customers wish. Organizations will notice an increase in the number of edge devices and asset types. Businesses should be able to control the data descriptions of individual virtual and physical edge devices in order to obtain a realistic picture of all IT assets and their use.

 

Strategy for IT asset visibility

 

IT Asset Management is a key element in a comprehensive service management strategy. Due to an unpredictable economic climate, organizations are more focused than ever on getting the maximum value out of their IT assets, traditionally understood to be hardware and software. A good strategy for visibility over IT assets should cover the following areas:

 

 

Transparency is the basic requirement of IT security. Companies must have continuous insight and overview of which hardware and software needs to be updated and where security patches are missing. This includes proactively removing and replacing end-of-life IT resources – well before they expire.

 

    • Control IT asset costs

 

In a period when IT is continually charged to do more with less, often asset cost is the main focus. Organizations must keep an eye on whether an asset is installed, but unused (and wasted), and replace it with some other useful asset.

 

    • Simplify manufacturer audits

 

License management is the key. The transparency of IT assets in the enterprise ensures that the compliance with the use, the costs as well as the respective license agreements is completely fulfilled. On this basis, audits of software providers are also losing their horror and companies can minimize the risk of late payments or fines.

 

    • Safe decisions in procurement

 

An all-inclusive view of current IT resources sheds light on which solutions are actually needed – also for the future. So equipped, contracts and audits can be better negotiated, and the IT asset can be well planned, which prepares companies best for future requirements.

 

Managing IT resources poses the greatest threat to the unknown. While knowing what IT assets are in use and how they are configured may seem like mundane issues, it is vital to both the financial health of the IT organization and its operational performance. A poor IT asset transparency drives companies to spend too much on unused software licenses, it also creates the breeding ground for shadow IT.

 

 An asset management system is an important, foundational piece of the overall systems necessary to manage IT infrastructure. Without a good asset management system, the organization will waste time and resources managing inventory, buying unnecessary equipment and software, and maintaining license compliance for software.

With a functioning asset management system, the organization can expect to reduce the total cost of ownership for IT infrastructure and provide a solid foundation for the operational system necessary to keep the infrastructure operating efficiently.

API Management: Apply the Power of APIs to Business Challenges

Apply the Power of APIs to Business Challenges

The report “API Management Market” shows the potential of APIs economical growth.The API management market is estimated to grow from USD 606.8 Million in 2016 to USD 2,665.3 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 34.4%. Major growth drivers of this market are:

 

  • Increasing demand for private and public APIs
  • Growing popularity of Web APIs
  • Growing number of mobile devices

 

What is an API?

In the debate on digitization, which has been going on for years, APIs offer a concrete opportunity for many companies to expand their own business at a manageable expense.  Modern APIs are flexible ways of projecting your capabilities to an audience outside of your own team. If done right, APIs enables enterprises to quickly reform the legacy architectures, add value to existing IT assets, and creates new product opportunities or revenue streams.

 

In other words, an API is a communication channel to an application, built with set of customs and protocols that makes a website’s data digestible for a computer. Through it, a computer can view and edit data, just like a person can by loading pages and submitting forms. Depending on their needs, APIs can be used internally, with partners, or made available to the general public.

Making data easier to work with is good because it means people can write software to automate tedious and labor-intensive tasks. What might take a human hours to accomplish can take a computer seconds through an API.  Therefore, sophisticated API management makes it possible to successfully build up coverage and additional business – without having a direct, direct connection to the new target groups.

 

How An API Is Used

When two systems (websites, desktops, smartphones) link up through an API, we say they are “integrated.” In an integration, we have 2 sides, each side have a name. 1stone is the server that provides the API, a program running on the serve. It may be part of the same program that handles web traffic, or it can be a separate one, sitting, waiting for others to ask it for data.

 

The 2ndside is the “client.” This is a separate program that knows what data is available through the API and can manipulate it, typically at the request of a user. A great example is a smartphone app that syncs with a website. When you push the refresh button of your app, it talks to a server via an API and fetches the newest info. The same goes for the websites that are integrated. When one site pulls in data from the other, the site providing the data is acting as the server, and the site fetching the data is the client.

 

APIs Enable Businesses

APIs have emerged as a key element of tech modernization at many businesses. Banks and insurersand also companies such as UBER, eBay, PayPal and Amazon, are using the growth driver API management for a long time. For many, they are the key competitive advantage or even thebusiness foundation. With their ability to link systems and data, they play a crucial role in making IT systems more responsive and adaptable.

 

APIs are programming interfaces that companies use to make information or entire business processes accessible to outsiders. Properly implemented, they significantly reduce the technological and organizational entry barriers for communicating and establishing new business-to-business relationships. Technical interfaces and automated processes simplify what hitherto hierarchically organized sales structures have handled. This is particularly interesting for small and medium-sized businesses that do not have it.

 

Successful API management

The introduction of APIs is often reduced to the use of middleware with different technical features. However, if you want to successfully establish APIs, you need to be fully involved with API Management. It requires profound organizational and technical adjustments, both in IT and in specialist areas. A successful API management architecture is built on three functional components:

 

  • The Management Portal
  • The Developer Portal
  • The API Gateway

 

  • Management Portal

The Management Portal is the hub of internal API managementthat allows administrators to define APIs, deploy APIs, and promote APIs through the environments. Authorization management determines which content users can see and use to what extent. In this way, contractual relationships can be made simpler – they can be partially standardized and automated.

 

  • Developer Portal

 

The developer portal is the face of your API program, providing everything that internal, partner, and third party developers need. Via this portal, App Developers are able to connect with the resources necessary to learn about the enterprise’s APIs and collaborate with peers and with the enterprise.

 

  • API Gateway

Is to secure and mediate the traffic between clients and backends, and between a company’s APIs and the developers, customers, partners, and employees who use the APIs

 

 

APIs is becoming, more than ever again, a requirement for building digital businesses. They enable companies to quickly develop new approaches to serving the needs of a varied mix of users with a whole new set of expectations. Therefore, companies must think of them as central to the application development process and key to competing in the digital economy.

With the new requirements of the digital world, customer- centric IT organizations, and the ever-present need to connect disparate internal systems, managing APIs and API-driven businesses becomes increasingly challenging, companies must ensure developers and partners to be productive and manage, secure, and mediate their API traffic in a best possible way.

 

Sources:

  • The API Management Playbook – CA Technologies
  • The Definitive Guide to API Management – apigee
  • API Management Market by Solution (API Portal, API Gateway, API Analytics, Administration), Service (Training and Consulting, Integration, Support and Maintenance), Deployment Type, Organization Size, Industry and Region – Global Forecast to 2021 – MarketsandMarkets
  • Image – CA Technologies

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