AMITY UNIVERSITY, NOIDA

AMITY BUSINESS SCHOOL

APPLICATIONS OF DISRUPTIVE TECHNOLOGIES IN BUSINESS

(CSIT648)

IOT AND SMART APPLICATION DISRUPTIONS

SUBMITTED TO:
Dr. Anita Vinaik

SUBMITTED BY:
Ankit Kumar Varun - 43
Shagun Roy -64
Risha Singh-03
Pranshul Agarwal-73
Yadagani Avinash-440621A01

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 TABLE OF CONTENT

S.no Topic Page no.

1 Abstract 3

2 Introduction of IOT 4

3 Future factor concepts 5

4 Brownfield IOT 7

5 Smart objects 7

6 Smart application 8

7 Four aspects in business to master IOT 10

8 Value creation from big data and serialization 12

application of IOT in industry (home management,

eHealth, banks, retail sector)

9 Conclusion 15

10 Reference 16

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 1. ABSTRACT

Over the past decade, business applications have evolving significantly- from web to mobile
to multi-channel apps. With each new wave came new use cases that simply weren’t possible
due to previous technical limitations.
By 2020, World information is doubling every month. The rapid rise of the Internet of Things
(IoT), big data, and device getting to know is fundamentally redefining packages as we
recognize them. Smart Apps is a revolutionary system that uses gadget mastering algorithms
and predictive analytics to acquire massive quantities of records from sensors and different
sources, making these statistics realistic for users and enhancing the experience. Unlike their
predecessors they are:

Intelligent – Smart Apps makes use of analytics, machine studying and artificial intelligence
offerings to make suggestions and forecasts that manual customers and matters to make the
first-rate preference.

Contextual – Smart apps are personalised with personal, sensor and location information,
integrated into your technique, and available on any channel /devices.

Proactive – Smart apps take benefit of push notifications, chatbots, and messaging offerings
to actively interact with customers and offer them with clever tips on what to do and while.

The Internet of Things (IoT) is a new paradigm that transforms traditional life into excessive-
tech existence. Smart cities, clever houses, pollutants manipulate, energy financial savings,
clever transportation, and clever industries are differences with IoT. Many critical studies and
studies were completed to improve generation via IoT. However, many challenges and issues
still want to be addressed to unlock the total potential of IoT. These demanding situations and
issues should be regarded from diverse factors of the IoT, inclusive of programs, demanding
situations, technology, and social and environmental impacts.

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 2. INTRODUCTION TO IOT

The Internet of Things (IoT) is the network of physical objects—devices, instruments,

vehicles, buildings and other items embedded with electronics, circuits, software, sensors and
network connectivity that enables these objects to collect and exchange data. The Internet of
Things The potential to remotely detect and manage gadgets thru your current community
infrastructure creates a possibility to integrate the physical world without delay into laptop-
based structures, growing efficiency and accuracy.
IoT can interact without human intervention. Some preliminary applications of IoT have
already been evolved in the healthcare, transportation and automotive industries. IoT era
continues to be in its infancy. However, there are many new trends in the integration of
sensors and items on the Internet. The improvement of IoT includes many problems, together
with infrastructure, communications, interfaces, protocols and standards.

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 3. FUTURE FACTOR CONCEPTS

 Edge Computing

Edge computing, simply put, is the ability for Things (meters and sensors) To examine the
records at the source, rather than surely sending it to the internet or the cloud. IoT devices
collect huge amounts of information, and the process of transmitting, storing, and showing
that information in a useful layout is expensive. Edge computing is not a centralized cloud
device, but too many IoT gadgets to distribute the evaluation of this massive quantity of
statistics. This allows faster, extra exact evaluation and decreases costs associated with
transferring, storing, and processing facts inside the cloud.

The impact of area computing at the IoT is immeasurable. Not handiest does it reduce the
price of enforcing IoT solutions, but it also creates fairly personalized analytical conditions.
All buildings work a little differently. Edge computing allows IoT carriers to "teach" gadgets
and "analyse" the info of their environment, rather than seeking to centrally create rules that
follow to a wide variety of building structures.

 Complexity

Edge computing is coming soon, but there are already several ways to distinguish your
answer in state-of-the-art cloud-based environment. Millions of information points are worse
than vain for building operators. Screening for raw statistics is time-ingesting, difficult, and
exacerbates the inertia of technology adoption. Data is handiest as accurate as the statistics it
produces. When a supplier designs analytical software to discover related anomalies, there
are some simple consequences, however most of them are complex and difficult.

 Conversions

Another aspect to bear in mind when growing an IoT method is how the data generated by
using the meters and sensors is transformed into meaningful records for the operator.

Unfortunately, many operators at the site do no longer have the context of the unit of measure
that IoT devices capture. For instance, equipment overall performance is generally measured
in kilowatts (kW), a unit of energy demand, however few operators can let you know the
baseline demand for equipment.

Technology assessment is typically carried out inside the C suite, but technology
implementation is completed in the subject. Owners and operators ought to bear in mind the
prevailing expertise base and compare the era in phrases of who will use it.

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  Range of Applicability

One of the most interesting factors of the IoT is the type of technological applications. While
device performance must awareness on unique assets kinds, other forms of IoT devices can
be widely and inexpensively deployed. Owners and operators need to prioritize platforms that
provide a wide range of statistics entry, especially whilst outlining new techniques for IoT.

 Network Effect

Google changed into no longer the first search engine. However, they flocked to the provider
because they developed an amazing algorithm. A distinctive records factor is brought for
each new question. This facts point is used to further enhance the algorithm and appeal to
greater users. At this factor, the employer has created unsurpassed information advantages
over different Internet seek companies.

IoT platforms for industrial actual estate could paintings too. Solutions that implement the
important thing factors cited in this article will entice extra owners and homes. Each new
constructing is brought to an aggregated dataset and may be used to further refine the
platform's analytics capabilities to attract greater customers and in the end create unsurpassed
information benefits.

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 4. BROWNFIELD IOT

To say that implementing brownfield IoT technologies is challenging would be an

understatement. Within an increasingly diversified IoT landscape, however, finding
actionable IoT brownfield solutions gets all the more interesting. Services such as Record
Evolution IoT development studio—our IoT platform that acts as an end-to-end enabler
integrating an app development studio with a device management suite—allow IoT devices to
seamlessly connect, bringing forth their functionality and power within a heterogeneous
landscape.

The platform allows you to connect legacy devices coming from different vendors as well as
devices belonging to different generations. Our aim has been to facilitate communication
between both intra-gen and cross-vendor devices. Further, our purpose is to anticipate next-
gen advancements and make our platform ready to accommodate future products. On the
platform, you have a device management studio where you create and connect individual IoT
devices or device groups, re-group your existing IoT devices, or generate different group
levels where a device can belong to several classification groups simultaneously.

At Record Evolution, we have developed an IoT platform that facilitates brownfield IoT
development and supports the coexistence of different devices within highly heterogeneous
environments. The platform is flexible and adaptable, allowing the connection of components
at different levels across brownfield IoT technologies. The platform has built-in infrastructure
for custom app development, an array of integrated development tools, cloud services, and
APIs. Developers can now focus on the essentials, that is, on their app creation and device
management efforts.

5. SMARTS OBJECTS

The concept of smart in IoT is used for physical objects that are active, digital, networked,
can operate to some extent autonomously, reconfigurable and has local control of the
resources. The smart objects need energy, data storage, etc.

A smart object is an object that enhances the interaction with other smart objects as well as
with people also. The world of IoT is the network of interconnected heterogeneous objects
(such as smart devices, smart objects, sensors, actuators, RFID, embedded computers, etc.)
uniquely addressable and based on standard communication protocols.

In a day-to-day life, people have a lot of objects with internet or wireless or wired connection.
Such as:

o Smartphone

o Tablets

o TV computer

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These objects can be interconnected among them and facilitate our daily life (smart home,
smart cities) no matter the situation, localization, accessibility to a sensor, size, scenario or
the risk of danger.

Smart objects are utilized widely to transform the physical environment around us to a digital
world using the Internet of things (IoT) technologies.

A smart object carries blocks of application logic that make sense for their local situation and
interact with human users. A smart object sense, log, and interpret the occurrence within
themselves and the environment, and intercommunicate with each other and exchange
information with people.

The work of smart object has focused on technical aspects (such as software infrastructure,
hardware platforms, etc.) and application scenarios. Application areas range from supply-
chain management and enterprise applications (home and hospital) to healthcare and
industrial workplace support. As for human interface aspects of smart-object technologies are
just beginning to receive attention from the environment.

6. SMART APPLICATIONS

Smart applications are those applications that incorporate data-driven, actionable insights into
the user experience. Insights are delivered in context as features in applications that enable
users to more efficiently complete a desired task or action. They often take the form of
recommendations, estimates, and suggested next actions. Smart applications can be
consumer-facing or employee-facing. In some cases, the “user” is not a human, but a machine
or system. In these cases, smart applications automate business and operational processes
based on data-driven insights.

For example, retail smart applications make product recommendations based on analysis of
customer buying behaviour while logistics applications provide data-driven estimates of

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delivery times of goods and products. Healthcare smart applications offer possible patient
diagnosis and treatment recommendations to clinicians based on analyses of patient and
research data.

Why Smart Applications Matter?

 Smart applications operationalize insights

No matter how effective your data science capabilities, data-driven insights hold no value if
they can’t be operationalized and acted upon. Smart applications surface insights in context to
users and systems, so they can take corresponding actions.

 Personalize the customer experience

Today’s customer expects to be treated as an individual by the companies or organizations
she interacts with, regardless of industry. By surfacing tailored insights, smart applications
personalize the user experience, leading to higher customer loyalty and reduced customer
churn.

 Optimize customer interactions

Smart applications that deliver tailored insights enable enterprises to nudge customers and
users to take specific actions that lead to desired outcomes in support of both tactical and
strategic business goals.

 Improve operational efficiency

Machine-to-machine IoT smart applications coupled with event-driven architectures allow
enterprises to improve efficiency by intelligently automating operational processes based on
real-time insights.

 Enable new business models

Smart applications help enterprises in traditional industries, such as retail, financial services
and transportation, develop new business models based on software, data, and predictive
insights.

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 7. FOUR ASPECTS IN BUSINESS TO MASTER IOT

Although a great deal of smart-enabled technology is geared towards personal use, businesses
also benefit greatly from this innovation. It’s a way to remain in communication while
sharing information with any employee almost instantly.

 Data Collection

One of the most prominent methods in which companies use smart technology is to collect
data for manufactured products. Knowing how your target consumer utilizes a specific piece
of merchandise can open the doors to a wide scope of analytics for future improvements of
those goods.

For example, a smart-enabled golf club could record swing power and impact resistance in
order to formulate a new way to build a driver.

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  Information Sharing with Customers

Almost three out of four consumers say that customer support is the driving factor of doing
business with any company. Since smart technology can accumulate a wide scope of
information and present it in an easy-to-read platform, the data is quite beneficial for target
consumers.
An example of this is how some farming equipment companies share crop planting and
ploughing information with tractor customers. This offers a layer of customer service by
helping the individual beyond the simple purchase of the product.

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  Greener Way to Do Business

Approximately 90 percent of consumers consider eco-friendliness as a factor when making

purchases. The Internet of Things includes methods in which to conduct a greener business.
Moving to a paperless system for documents is only the beginning of eco-friendliness of the
workplace.

Some experts point out that many IoT tools play into reducing the waste and consumption of
fuels while enhancing energy efficiency in the business dynamic. A greener way to do
business is not only good for the environment, it can also save the business money in a
myriad of ways. Office supplies, energy star compliant electronics and even the use of
personal smartphones for work could save the organization a great deal of money over time.

 Enhancing Business Travel

Due to the mass collection of data, planning out travel arrangements has never been easier.
Apps can inform travellers of flight delays and traffic as systems analyse everything from
weather to movement on the freeways. Some systems in city garages can also determine
parking before you get to the structure.

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 8. VALUE CREATION FROM BIG DATA AND SERIALIZATION
APPLICATION OF IOT IN INDUSTRY (HOME MANAGEMENT,
EHEALTH, BANKS, RETAIL SECTOR)

The Internet of Things and Big Data have unfolded the digital revolution to all sectors of the
financial system. With the Internet of Things (IoT) and the data gathered, we are on the dawn
of a brand-new digital revolution. When #BigData helps groups understand patron behaviour
and expectations, linked objects make contributions to the procedure.

Three aspects of the digital revolution in particular are shaking up technology, industry and
the economy with profound social consequences: “the decrease of computing and
telecommunication costs, which are gradually becoming cheap resources and easily
accessible to everyone, IOT evolutions leading into an era of continuous and never-ended
innovation and the desire to create something outside the box, a new economic mechanisms
which in particular enables the development of activities with increasing returns that redefine
the competitive rules of the game”.

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All sectors are getting into the digital age via threatening the death of agencies that do not
evolve. Companies are considering their function on this new paradigm, rethinking their
enterprise models, growing new aggressive benefits (some from the previous era are partly
out of date) and implementing new visions.

IT has been widely adopted by organization and the Internet has allowed firms to produce
and offer virtual goods, such as software, services and data. OEMs have discovered the value

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these innovations can offer, in terms of complementary services such as providing customers
with maintenance services, software updates and unique payment plans. This trend is known
as Servitization, when products and services are integrated to create and deliver value in use,
to differentiate themselves and to increase the customer engagement with new innovations.
Neely (2008) mentions three reasons why manufacturing firms should servitize; to lock out
competitors, lock in customers and to increase the level of differentiation.
Important drivers for servitization is to satisfy customer needs by offering services to
improve their business cases, to enhance firm performance and to achieve competitive
advantages. The processes and structures of OEMs are changing due to the adoption of
servitization since new principles and processes need to be established to fit the servitized
business. Servitization is usually accompanied by digitalization, a process of using digital
technologies. Through digitalization, firms can increase their revenue and deliver new smart
and connected products to their customers. In order for firms to successfully perform the
transition of being an OEM to being a product and service company, their business strategy
has to be adopted and redesigned completely. The business model has to reflect these changes
since selling services can be vastly different from selling products and can by itself be a
considerable competitive advantage. Firms are starting to realize the importance of business
model innovation since the margins on products are decreasing due to globalization and
overcapacity.
IoT systems encompass a large quantity of devices and sensors that talk with each different.
With the substantial growth and expansion of IoT networks, the number of those sensors and
gadgets is growing hastily. These gadgets communicate with each different and transfer
massive quantities of records over the Internet. This record is so large that it's miles
transmitted each second, that's why it's miles categorised as massive data. The persevered
growth of IoT-based totally networks raises complicated problems along with records series
and control, garage and processing, and analytics.
The IoT big data framework for clever buildings can be very beneficial in addressing a few
smart constructing problems, inclusive of oxygen degree control, risky smoke / gases, and
luminosity measurements. Such frameworks can gather statistics from sensors hooked up in
buildings and perform facts analysis for choice making. In addition, cyber-bodily systems
based on IoT with information analysis and expertise acquisition technologies may be used to
enhance industrial manufacturing. Traffic congestion is a primary hassle in clever towns.
Real-time visitors’ data can be accrued via IoT gadgets and sensors installed in visitors signs,
and this facts can be analysed via IoT-based totally visitors management systems. In fitness
analysis, the IoT sensor utilized by the patient produces a whole lot of records approximately
the affected person's fitness each 2nd. This huge quantity of information should be integrated
into a unmarried database and processed in actual time to make correct and speedy selections.
Big Data era is the perfect solution for this activity.
IoT and massive information analytics also can assist remodel conventional strategies utilized
in production into current processes. Discovery devices use a huge data approach to generate
statistics that can be analysed and can be useful for a spread of decision-making tasks.
Additionally, cloud computing and analytics will let you construct and shop power at the
same time as reducing fees and increasing customer pleasure.
IoT gadgets generate large amounts of streaming facts that ought to be effectively saved and
similarly analysed to make actual-time choices. Deep gaining knowledge of may be very
effective at processing such big amounts of statistics and might provide very correct

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outcomes. Therefore, the mixture of IoT, large information analytics and deep getting to
know is very vital for the development of a high-tech society.
9. CONCLUSION

In the past few years, The IoT is growing rapidly and lots of recognition technologies are
being proposed. IoT is the next net trend. Everything available is sensible. IoT research has a
wide range. In the coming years, many new technologies will emerge to be able to take us to
a whole new degree of smart international. The future of IoT may be very brilliant.
Everything from payments to vehicles is hooked up to provide a higher lifestyle.
With these clever experiences already exploding in the client area, organizations are
confronted with the urgency to seize up with this technology and start creating value earlier
than their competition. Organizations that postpone adoption and cannot take benefit of the
wave of commercial enterprise with IoT and algorithms are at a aggressive downside or
vulnerable to being outmoded because of virtual disruption over the next 5 years.

Not simplest do those new developments pose existential threats, they're additionally one in
all the biggest business opportunities in a long time. By 2018, greater than 1/2 of the sector's
largest businesses will compete the usage of advanced analytics and proprietary algorithms,
main to industry-wide disruption and the formation of recent organizations that upload
enormous fee, according to Gartner.

Healthcare, energy, agriculture, even the design of cities, can all be disrupted by IoT
technology. IoT (the Internet of Things) is a system of connecting and communicating
devices. This includes machines, sensors, objects, and more, that can all interact with each
other by sending large amounts of data in real time. The goal of these smart devices is to
communicate and do their jobs without human intervention, like normal devices need today.

This allows people to work smarter and harder on problems that are more important, while
leaving the more tedious tasks to these smart devices. Keeping it simple, IoT systems work by
using three main components: sensors, gateways (edge devices), and actuators, with some
devices acting as both sensors and actuators. Sensors are the devices responsible for collecting
and sending data, which can be in the form of temperature sensors, motion sensors, pressure
sensors, etc.
Recent improvements in IoT have attracted the eye of researchers and developers round the
world. IoT builders and researchers are running collectively to scale the era to scale and
advantage society at the highest possible degree. However, improvements can best be made if
the diverse troubles and shortcomings of present-day technical procedures are taken into
consideration. This studies article supplied some issues and demanding situations that IoT
builders need to do not forget while growing progressed fashions. It additionally looks at key
IoT software areas that IoT developers and researchers are worried in. IoT not only affords
offerings, but additionally produces large amounts of information. Therefore, we also talk the
significance of big facts analytics that can provide accurate decisions that can be used to
broaden improved IoT systems.

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