By Shantanu Kaushik
The world has witnessed a massive growth in the number of mobile devices and mobile technology, igniting a transformation in the digital world. Today, a successful practice is defined by its synonymity with current trends and technology. This article discusses smart devices based on the Internet of Things (IoT) and how the Alibaba Cloud IoT platform enables IoT-based smart device usage with organizations.
A report from McKinsey states, “Sensors and ubiquitous connectivity, combined with data and analytics, open up new opportunities to innovate products and services and to increase the efficiency of operations. This digitization of the physical world — or Internet of Things (IoT) — creates new value for our clients and for their customers.”
Automation is the most preferred method of attaining seamless workflow, as it cuts the requirement of human intervention to complete tasks. Smart devices can provide automation to organizations currently undergoing digital transformation. It can also help organizations that want to take another leap towards becoming Autonomous Digital Enterprises. We will talk more about Autonomous Digital Enterprise (ADE) in another article.
Smart devices use the Internet of Things (I-T) platform to utilize the power of the Internet for connecting and sharing information with other devices. The Internet is the perfect form of a wide area network to enable a connection between these devices from and to practically anywhere. These smart devices present a highly viable form of communication and process management system that enables these devices to automate an entire system. Microchips, sensors, controllers, and connection agents grant these devices the necessary means to execute the assigned tasks efficiently.
Alibaba Cloud IoT has provided organizations on their digital transformation journey a perfect excuse to adopt this refined form of automation that does not require a unique network resource or a dedicated team to operate. It only requires an Internet connection, a smart device, underlying Alibaba Cloud edge nodes, and proper O&M.
Buttercup Spices (and other organizations with a working supply chain and product distribution network) can leverage this highly productive scenario to enable automation at different levels of their business processes. Some of these processes can include:
The Alibaba Cloud IoT platform enables organizations to set up stable communication between smart devices and the IoT Platform. The Alibaba Cloud IoT platform works with globally deployed edge nodes. Devices from around the world can communicate with the IoT platform without any hassle and with low latency.
The Alibaba Cloud IoT platform features superb security measures that help establish secured access for individual devices and provides secure communication between devices and the IoT platform. The Alibaba Cloud IoT platform features remarkable data storage and processing capabilities to enable organizations to use APIs, SDKs, and other Alibaba Cloud services seamlessly.
The Alibaba Cloud IoT platform is highly customizable and can bridge device communication gaps with ease. Organizations undergoing digital transformation can adopt this platform to deep root the IoT solution within their infrastructure practice to make better use of IoT tech and smart devices throughout their solution. Alibaba Cloud IoT also features a rules engine that enables rapid data collection, storage, and application development to suit the organization’s requirements.
The McKinsey report also mentions, “The Internet of Things presents an enormous opportunity to transform the way we live and do business. McKinsey’s Global Institute predicts IoT will have an economic impact of between $4 trillion and $11 trillion by 2025.”
IDC's Customer Insights & Analysis group states, "Although the current pandemic forced many organizations to pause some innovative IoT deployments, IoT will be a key 'return to growth' accelerator with selected use cases being safe bets for end users to focus on in order to reach a new level of automation, remote everywhere experience, and hyper-connectivity."
Organizations have to manage how they allocate funds to different segments of workflow within their organization’s digital transformation journey. Not to forget, these organizations also continue to operate while undergoing digital transformation, making the whole practice an added workload. It all depends on the strategy you formulated before embarking on your digital transformation journey.
A new update to the International Data Corporation (IDC) Worldwide Internet of Things Spending Guide shows IoT spending growing 8.2% year over year to $742 billion in 2020 down from 14.9% growth forecast in the November 2019 release. Nevertheless, IDC expects global IoT spending will return to double-digit growth rates in 2021 and achieve a compound annual growth rate (CAGR) of 11.3% over the 2020-2024 forecast period.
The pandemic might have slowed things down in 2020, but organizations worldwide are now rapidly progressing towards their digital transformation initiatives and adopting IoT as one of the primary initiatives to infuse smart and intelligent solutions within their practice.
Buttercup Spices set up 16 satellite offices across Southeast Asia. Alibaba Cloud edge nodes were available in all these regions, and availability zones were set up to achieve IoT-based smart devices there. These devices helped the organization with their smart supply chain and production chain to optimize the entire process from raw material sourcing to customer feedback collection.
The Alibaba Cloud IoT Platform has tremendous potential, as it adopts multi-data center deployment to eliminate failure dependency and guarantees 99.9% service availability. The Alibaba Cloud IoT Platform can detect and locate faults and troubleshoot them within minutes.
When it comes to security, the Alibaba Cloud IoT platform supports three levels of the Multi-Level Protection Scheme (MLPS) 2.0 to protect device data. With MLPS 2.0, you can:
Buttercup Spices is currently undergoing digital transformation has enabled the true potential of digital transformation using technological resources and industry leadership by Alibaba Cloud.
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