How IoT Works In Industry 4.0

The world is at the cusp of the greatest of all, the fourth Industrial revolution!

Initiating with water and steam to mechanize production in the first, and now coming up with the master fusion of industrialization and IoT ( Internet of things ) in the fourth one.

BUT  WILL THE WORLD STILL DWELL ON ITS LEGACY OR IS IT PREPARED TO WITNESS A VASTLY DIFFERENT FUTURE?

The advent of IoT in industrialization is going to make the globe communicate, literally!

Internet of things is defined to be the ‘intelligent connectivity of smart devices’ by which objects can sense and communicate with one another. This enables us to evaluate and change the decisions about the physical world. The emerging industrial IoT is taking every step towards the reconfiguration of industry. The intent of this joint initiative is to encompass a framework for a particular strategy so as to achieve a milestone with substantial funding from both the public and private sources.

WATCH YOUR SMART FACTORIES COMMUNICATE FASTER THAN THE SPEED OF LIGHT

  • FASTER DECISIONS ARE COMING YOUR WAY –

The payoff for the industrialists will be better and faster decisions. The word ‘smart’ defines digital connectivity! When two or more devices are connected to one another, the data that they generate can be very conveniently transmitted further to any software application. The application acts as a helping hand to provide information to the individuals for use. Every step taken in the process is to be evaluated in reference to the decisions it will lead to economically and physically. Hence, leading to the establishment of Smart factories

  • TOOLS ARE NOT JUST TOOLS, THEY ARE SYSTEMS

In the world of industrial IoT, every tool has a system installed called the CYBER PHYSICAL SYSTEM (CPS). The CPS  integrates sensing, controls, computation, and networking into our physical tools by the medium of the internet. This allows us to measure the comprehensive performance of our device very precisely. The next advantage is Energy Management in the factory. The power consumed by all the devices can be measured and controlled conveniently bringing in effectiveness, efficiency, and optimization in the business.

  • THE TWO PILLARS OF IoT – CLOUD COMPUTING AND BIG DATA

Migrating to the cloud is always a great idea since its capacity to store and process data is unlimited. Also, it is generally more economical and flexible than any on-site alternative available. Other than this the industrial environment has massive data streams flowing to and from connected systems. Big data gathers and grants access to these data streams generated by the factory.

  • SMART FACTORIES LEADING US TO SMART CITIES

Have the water running, roads unblocked, and the people happy; there you are in a Smart City! IoT is here to change the entire concept of urban living. The industrial IoT is constantly working towards the reduction of costs, improvised communications, and enhanced services.

IoT holds the potential of providing real-time access to information, consumption, and demand & supply. Henceforth, boosting the macro productivity of the country.

BEFORE YOU GET SET AND GO, MARK THAT YOUR INDUSTRIAL IoT JOURNEY HAS CHALLENGES TOO!

  • Security & Privacy – Is my data for my eyes only?

Security has always been one prime concern of the people. Now that as many industrial users can access all the internet connected devices, the cyber threats are real, growing and global. Your data is not just yours anymore.

  • Interoperability – The Devil of the Throne 4.0

In an interconnected system, all the components work jointly and have to communicate with one another; even if they are working in different backgrounds and in different languages. Thus, the lack of common software and data formats will complicate the entire Industrial process and the co-working environment of the industry will be hampered.

*Industrial IoT is here to connect a billion of smart devices and tools to one another digitally in the coming decade,  making industrialization a play like never before. It is here to bring in opportunities fused with innovation. This revolution is the beginning of a newer and smarter world!

5 New Facts From Qlik Qonnections’19

“Big Data is just Data”

Wish to learn new skills? Want to connect with smart people? Get blaze trails? Are you living and breathing the data? Or are you starting out the big data process? Qonnections is the place to be, has insight has the knowledge and the inspiration that you won’t find anywhere else!

Qlik is the leading data analytics platform and the pioneer of user-driven business intelligence. Its portfolio of cloud-based and on-premise solutions meets customers’ growing needs from reporting and self-service visual analysis to guided, embedded and custom analytics, regardless of where data is located.

With this listing out to you the five initiations at Qlik Qonnections 2019!

1. Qlik Associative Big Data Index

The QABDI (in short) is a product for handling Big Data and follows the approach of ‘taking Qlik to the Data rather than bringing Data to Qlik’. Deployable on Qlik Cloud Services/ Private or Public Cloud or On-Prem in Script, ODAG, and Live (in the roadmap) Mode in a Dockerized Environment, it helps create an in-memory index on Big Data for fast analytics on Qlik Sense visualization layer. Available as yet only for Parquet files as source dataset.

Use cases :
Discovery in the data lake.

Issue billions of transaction details, want to allow users to do the basic selection on larger volumes with near real-time support.
Solution: A basic selection based analytical applications to deliver value from a cloud-based data lake.

Enhancement to existing qlik sense environment.

Can’t satisfy all use cases as development time doesn’t match SLA’s and the volume is growing.
Solution: Allows users to drill into details with Hadoop lake.

2. Gain Greater Insights Into Your Production With Machinery Sensor Data.

The session showcased how Qlik has been deployed as a Smart Manufacturing solution to alert the Preventive Maintenance and malfunctioning of machinery in a Paper Printing Factory with data from IoT devices collected every second into a database and refreshed in the Qlik Dashboard every minute.

Another use case was Retail Footfall Analysis to classify customers as ‘Dwellers’ and ‘Passerbys’ by capturing the cameras data and integrating with POS and CRM data.

3. Secrets of Qlik Architect

The Qlik Sense architecture consists of one or more nodes. Each node runs some or all of the software services that perform specific roles in a Qlik Sense site. You can distribute services across nodes for better performance and scalability. The architecture is flexible enough to suit the needs of most organizations and can vary from small, single-server sites to large, multi-server installations.

A multi-node, distributed architecture offers the most flexibility, consisting of multiple nodes that together form a scalable and high-performance site. You define a central node as the main point of control.

4. Getting Started with Qlik Core

Qlik Core caters to the customers’ embedding needs from simple to complex using the platform’s core to allow embedding in devices, thereby pushing analytics at the edge in IoT environments.

Qlik offers QDT Components, OSS Github, Ionic, and PreSales Github to speed up the development. A sample development using Qlik Core, with the integration of OpenWeather data, ingested into Qlik Engine using Enigma.js and visualization using HighCharts.

5. Qlik with Attunity

In a world increasingly reliant on predictive analytics and artificial intelligence, seamlessly moving data in real-time across multiple cloud environments and data lakes has become a business-critical issue. With Attunity, Qlik will provide customers with an expanded enterprise data management solution to transform their raw data into a governed, analytics-aware information resource.
“Attunity strength in real-time data delivery across complex cloud environments will uniquely position Qlik to help customers lead with data and align their enterprise analytics strategy,”
Attunity provides cross-platform data streaming capabilities to support a shift to cloud and real-time analytics. This acquisition further differentiates Qlik by providing an expanded breadth of enterprise data management capabilities and adds an experienced team of data professionals. Consistent with Qlik’s vision for 3rd generation business intelligence, a strong data management strategy creates the foundation for an enterprise analytics strategy that drives insights and transforms organizations.

Do you really know your customers?

Your business has been growing at a steady rate. Your sales reps are able to close deals and you’re pretty much satisfied with the way things are running.

But are you certain this growth will prevail year on year?

With more and more competitors entering the market, delivering a customized and consistent experience to your customer is the only solution to retaining them.

You ask how?

The technology landscape at most growing NBFCs comprises of a system developed in-house on a database (like Oracle) for handling processes like Customer Onboarding, Loan Disbursement and Money Transfer while other process like HR and Finance are managed on ERP.

With the proliferation of data from multiple sources such as social media, mobile application usage and clickstream data, it has become imperative to integrate internal channels with external sources to get a 720 degree view of the customer, and allow it to delve into each customer’s interaction sequences, needs and current life events to serve them better and benefit from actionable insights in their operations.

Imagine This

This whole story, from its beginning to its end, illustrates what can be done when a bank or NBFC has comprehensive visibility into their full relationship with their customers. Too many companies have increased costs from flying blind in seemingly routine, every day customer interactions.

Treating all customers as equal doesn’t work so businesses have a choice:

Take control of the problem or leave these decisions to simple chance?

Data is your biggest asset, leverage it.

After the complete implementation, the MDM can be leveraged in a variety of ways to drive its value and maximise the RoI:

– Achieve better, faster analytics and insights by identifying conflicting or redundant customer information across enterprise applications in less time

– Reduce the time and effort needed for data stewardship by improving the accuracy of automated merging processes – Accelerate ROI from growth-based initiatives like mergers and acquisitions by making it easier to integrate master data from new sources

– Simplify and automate accurate regulatory compliance reporting with more trusted visibility into business-critical master data

Get in touch with us at analytics@teamcomputers.com to brainstorm on how to start your MDM journey.