5 facts about the internet of things
The Internet of Things (IoT) is rapidly becoming an integral part of our daily lives, as well as to the business world. With IoT technology evolving at a rapid pace, it presents an opportunity for organizations to leverage data from connected devices that can revolutionize business processes and practices. This article will examine the impact of the IoT on the financial industry and nonprofits and explore the Top 10 things that broke the Internet in 2016.
Financial Asset Data Management and the IoT
The financial industry handles vast amounts of data, and with the emergence of IoT technology, financial institutions can do more with data than ever before. IoT sensors and devices collect data from various sources and send it to cloud-based analytics platforms, where data scientists can analyze the data to identify trends and make recommendations.
IoT technology enables organizations to monitor assets in real-time, such as inventory, equipment, and property. The data collected can help identify inefficiencies in the system and make recommendations for changes to improve workflow, asset utilization, and cost savings. IoT also provides opportunities for new revenues, creating additional products and services.
Abstract
IoT technology has revolutionized the way we interact with the world around us. It opens up a world of opportunities for businesses to leverage data to streamline processes, cut costs, and provide new products and services. With IoT technology becoming more accessible, businesses must stay at the forefront of this trend to remain competitive and reap the rewards offered by IoT.
Introduction
The Internet of Things represents a huge opportunity for the financial industry to improve asset management, enhance customer experience, and increase revenue. The financial industry is ideally suited to benefit from the IoT technology, given the vast amounts of data they generate and process on a daily basis.
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IoT technology allows financial institutions to track their assets in real-time providing granular data about the location, status, and performance of assets. These insights can be used to automate workflows and provide efficient allocation of resources, resulting in cost savings that directly impact the bottom line.
IoT sensors connected to banking ATMs, for example, can provide real-time feedback allowing predictive maintenance, identifying performance bottlenecks, and help reduce operating costs. This level of insight also benefits the customer experiencing faster, more reliable, and consistent ATM services. Automatic alerts and maintenance scheduling also reduce downtime and increase customer satisfaction.
In financial trading, IoT technology provides insight into financial transactions and investments offering real-time data analysis enabling investors to make fast decisions. Predictive capabilities can alert banks and investors about fraud, reducing the risk of fraudulent activities and minimizing losses. Additionally, IoT is helping investors to identify and capitalize on opportunities that they might have overlooked previously.
When it comes to insurance, IoT is providing insurers with unique insights that enable proper assessment of risks, reduce claim investigation costs, and streamline the claims process. Wearable devices and health trackers record raw data for personal health, from which insurers can draw insights to determine if customers are maintaining healthy lifestyles or managing chronic health conditions. Additionally, insurers can reduce fraudulent claims when they can use IoT technologies to provide accurate indications of claim assessment and payout processes.
Conclusion
The Internet of Things will continue to revolutionize business processes, and it’s clear that the financial industry is well-suited to benefit from this revolution. With IoT, financial institutions can gain insights that would not be available through traditional methods, enabling them to streamline processes, cut costs, and offer new products and services.
Top 10 Things that Broke the Internet in 2016
In 2016, the Internet experienced some of the weirdest and most significant happenings of all time. The following are the top 10 stupendous and craziest moments that broke the Internet:
Abstract
The Internet of Things is rapidly growing and expanding to all corners of the world. However, it’s not just the IoT that’s breaking the Internet anymore. In 2016, a myriad of events and situations took the world by storm, causing a ripple of conversations that dominated the Internet for days on end.
Introduction
The internet has always been a place of firsts, and every year there is always something that causes the Internet to break. 2016 was no different, and it was full of crazy and bizarre moments that had people talking. Here are ten of the most significant and mind-boggling phenomena of the year.
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1. Pokemon Go
Pokemon Go was one of the most significant phenomena of the year as the game became an overnight global sensation, attracting millions of players worldwide. The mobile augmented reality game took the world by storm, quickly becoming the most downloaded app and sparking pop culture discussions and debates.
2. Brexit Vote
The 2016 Brexit vote is another event that broke the internet, with millions of people taking to social media to express their opinions and vent frustrations. The sudden and uncertain financial impact caused by the vote fueled endless discussions, which seemed to dominate every aspect of social media and news sites globally.
3. Trump’s Election Victory
Another significant event that broke the Internet in 2016 was the election of Donald Trump as the new President of the USA. The controversial and polarizing political campaign, combined with surprise election results, was a cause for disbelief and resulted in heated conversations across the globe, causing a firestorm on social media.
4. Beyonce’s Lemonade Album
Released in April 2016, Beyonce’s sixth album, Lemonade, was an instant sensation. It contained lyrics about infidelity and suspicion regarding her husband, Jay-Z, fueling rumors of marital strife. The album sparked heated debates on social media, with the #BeyHive community coming to her defense.
5. Kim Kardashian’s Paris Robbery
In October 2016, Kim Kardashian faced a traumatic robbery in Paris, where she was held at gunpoint and robbed of jewelry worth millions of dollars. The incidence caused a frenzy on social media, with people expressing their sympathy while others made jokes about the incident.
6. Hamilton Cast Incident
Alexander Hamilton Musical cast member, Brandon Victor Dixon, made a statement during a curtain call following a performance to Vice President-elect Mike Pence about their hope that he and President-elect Donald Trump would work on behalf of all Americans. The incident generated controversy on social media, igniting debates on freedom and artistic expression.
7. The Mannequin Challenge
The year 2016 was also known for the Mannequin Challenge, which became an instant viral sensation through social media. Participants created videos of themselves pretending to be mannequins, and it rapidly became a popular internet meme.
8. Harambe
The killing of Harambe, a gorilla at Cincinnati zoo, became an instant online sensation sparking ethical debates about the zoo’s handling of the situation. In contrast, Harambe became a meme within social media jokes.
9. Ken Bone
The second presidential debate between Donald Trump and Hillary Clinton produced a breakout star, Ken Bone. Ken became an overnight sensation, with his red sweater and memorable question to the candidates. He was soon the subject of countless memes, and his fame skyrocketed overnight.
10. Chewbacca Mom
Candace Payne became an immediate viral sensation with her Chewbacca mom video going viral within hours of her posting on Facebook. The video has since been viewed over 160 million times and led to interviews with mainstream media.
Conclusion
2016 was a year of mind-boggling events and moments, and the Internet played host to them all, dominating social media with endless debates, opinions, and evocative conversations. From popular memes to political upsets, the Internet showed its capability in breaking barriers and bridging the gap between countries, opinions, and culture.
In conclusion, as the Internet continues to grow, it’s clear that we will have more of these kinds of phenomena that will break the Internet in the years to come. Whether the world is ready or not, we must brace ourselves for the unpredictable, absurd, entertaining, and interesting moments on the net that will astound and delight us all.
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