The Internet of Things (IoT) connects objects, data and processes by means of sensors into one single, digital ecosystem. Everyday objects such as smartphones, watches, clothes, refrigerators, coffee machines and cars communicate with each other and become what is dubbed “smart” these days. According to experts, more than 26 billion everyday objects, will interact with each other by 2020. That is why the IoT is widely seen as one of the main drivers of the next digital revolution.

Digitalization in progress

It is no exaggeration to say that the IoT will revolutionize all relevant fields of living in the near future. Whether state, company, city administration or individual households – they all gain intelligence through the Internet of Things. Rigid value chains are being replaced by dynamic value networks. Digital transformation has influenced humankind for years and many areas of our lives have become more efficient and comfortable as a result. IoT makes it possible to automate entire end-to-end processes. Devices are able to capture, collect and exchange data. Data, that can be processed and used for various purposes.

Making good use of the Internet of Things

Even though IoT-gadgets will foreseeably have a massive impact on consumers, at the present time it is mainly used by companies and cities. By using the possibilities of the IoT, they gain data-based insights, trigger automated actions and create new, innovative services in order to achieve process, cost and resource optimization.

For example, several cities have equipped their garbage containers with sensors, which display the filling levels of the containers to the authorities, so that the route planning of the cleaning cycles can be optimized. With the aid of smart parking systems, cities are able to decrease search traffic and reduce environmental pollution as an added benefit. Cities also use intelligent lightening systems in order to ensure energy efficiency. And facility managers rely on IoT-solutions to optimize the building’s management and safety by using automated locking systems or sensors to effectively manage the stream of people in a building.

IoT-solutions and sensors are also used by manufacturers to make sure that every link of the manufacturing chain is operating at its best. Failures and defects within the process can be detected at an early stage, so that downtimes can be reduced and profitability increased. Retailers can manage their stocks more efficiently and track their assets with real-time data on temperature and location. That way, theft, loss and damage of expensive assets can be prevented.

To make it work, it must be easy

Wherever IoT and intelligent devices are deployed, an enormous amount of data is aggregated and needs to be managed to make good use of it. It is crucial to have an intermediate platform which acts as a central link for all devices and data, connecting smart devices with applications.

The IoT-platform processes the collected data from sensors and devices, evaluates it and passes it on to relevant systems or triggers follow-up actions. By acting as a central hub, IoT-platforms are the technical and economical basis of every performing IoT-ecosystem. The nerve system, so to speak.

Becausenew, smart devices are constantly flooding the market, it is important that the IoT-platform allows simple integration of all kinds of different devices from various manufacturers. The platform should also be able to manage diverse connectivity technologies from different carriers. It is also essential for the success of IoT-projects that the IoT-platform can be connected to an existing IT infrastructure, so that the data can be transmitted easily and defined actions can be prompted.

Hivemind AG was founded in 2017 by a group of developers to achieve exactly that: engineering an open IoT-ecosystem to accelerate digital transformation by empowering customers to manage data, devices and connectivity from various carriers. It adapts to the abundance of different services by facilitating integration and enabling device connectivity. And by doing so, it tackles the difficulty of scaling, one of the biggest obstacles in pushing digitalization forward.



Author Vikram Bhatnagar, CEO Akenza AG

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