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Internet of things in the operating world  

Updated: Jun 10, 2019

The operating world is changing very rapidly. The Internet of things changes the way operational and business processes are carried out. Like the "ordinary" Internet that connects people to each other through a global computer network, the Internet of things connects electronic products and components such as sensors, vehicles, smart products and more on the network infrastructure, and requires a smart system like the Infor EAM system that receives the information from all equipment, The information and generate business activity from it.

For example, a sensor in a generator that detects an abnormal temperature of the engine - automatically activates maintenance personnel; A sensor that detects that the waste bin is full will send an evacuation order to the garbage pickup truck. There are many civilian and security applications on the subject.

A British entrepreneur named Kevin Ashton coined the term "Internet of Things" in 1999, referring to a global network of radio-frequency identification (RFID) related objects, and since then, many of the smartphones that connect Network and stream sensor information.

Prominent examples are mobile phones that contain motion sensors, location, temperature, and fitness clocks that transmit a pulse and a number of steps. Sensors that connect to any electrical, electronic or mechanical device and enable real-time monitoring and control.

Touch any organization in the world

The forecast is that by 2020 there will be 200 billion devices connected to the Internet. The market value of computing and services solutions is estimated at between $ 600 billion and $ 10 trillion. Why is there such a gap in assessments? Since it is difficult to estimate a market that is so broad that it touches all aspects of life. The only real consensus is that it will be huge and touches every organization in the world.

When examining the impact of the Internet on business, the online sensor field is even more extensive and has significant economic implications. Analysis of sensor data can improve energy efficiency, detect and prevent future malfunctions, control the performance of equipment and employees, and upgrade customer service.

According to a survey conducted by Infor, global manufacturers have already begun to take advantage of the Internet's advantages. 10% of the manufacturers already have an Internet project of things, 22% are running a pilot or a project is planned for the coming year, and 38% are examining the potential of this technology. Full survey results here.

Therefore, at the Inforum 2016 conference in New York, Infor announced an integrative solution for the industry, combining data collection and analysis, integrating them into organizational systems to realize the business potential and the opportunities inherent in this information.

GIV Solutions customers in the municipal, hotel and energy sectors are already taking advantage of the Internet's everyday capabilities by using industry-specific applications. Examples of utilization of technology capabilities can be found in improving energy efficiency in the world of building management and water corporations. Administrative control over contractors' vehicles and city vehicles, which results in a significant increase in efficiency and improvement in service to the city's residents.

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