H2: FUTURE OF RFID
As the cost of technology decreases, the prevalence of RFID increases. The decline in hardware and infrastructure costs combined with the increase in read ranges and accuracy and an increase in performance in demanding environments have made RFID more and more appealing to businesses. These RFID systems are now also increasingly becoming easier to integrate into existing systems.
With rapid breakthroughs in active real time locating systems, both Wi-Fi and non-Wi-Fi based, the ROI from RFID has never been higher, more immediate, and available to more industries. All across the world, Radio Frequency Identification is helping businesses improve their processes and increase their efficiency.
H2: INTERNET OF THINGS
The Internet of Things (IoT) is in simple terms, everything that is connected to the internet. It is used to describe objects that talk to each other from smartphones to other devices and wearable gadgets. Once these devices are integrated with automated systems, information can be gathered, analysed and tasks and actions can be created. Basically the IoT allows for devices to communicate across a range of networking types.
H2: BIG DATA
Big data is a broad term that refers to large volumes of data that businesses of all kinds are inundated with daily. The reason this data is important is because it can be analysed and used to gain insight into the business and behaviour of customers and users. Big data is so large and complex that it can not be stored or processed efficiently.
The New York Stock exchange and social media sites like Facebook are examples of Big Data. The New York Stock Exchange generates one terabyte of new trade per day while it is believed that 500 terabytes of new data is added to the Facebook data bases per day.
Big data comes in three different forms, namely structured, unstructured and semi-structured. Structured data can be stored, accessed and processed in form of fixed format while unstructured data has an unknown form. Semi-structured data can contain both forms of data.
Data sets grow in size in part because they are constantly being gathered by the many information-sensing mobile devices, aerials (remote sensing), software logs, cameras, microphones, radio-frequency identification(RFID) readers, and wireless sensor networks. The intake of data is never ending. The world's technological per-capita capacity to store information has roughly doubled every 40 months since the 1980s. In 2012, every day 2.5 exabytes of data were created.
The challenge for large enterprises is determining who owns or is responsible for big data initiatives that are found throughout the entire organization.
H2: Industrial Revolution
The Industrial revolution 4.0 refers to the Industrial Revolution that has its focus on automation, machine learning and real-time data. This revolution combines production and operations with smart technologies, machine learning and big data to create a connected environment for the manufacturing and supply chain management industries.
THe Industrial Revolution 4.0 is all about using technology more efficiently and effectively in improving manufacturing. This introduction of technology revolutionises the way businesses conduct themselves and ultimately how they grow.