5G is the fifth-generation of wireless broadband technology and is poised to revolutionize the networking industry by providing an unimaginable level of innovation. The first commercial launches of 5G products and services are rolling out this year and the recent Ericsson Mobility Report estimates that by 2023 there will be 1 billion 5G subscriptions, accounting for approximately 20% of all mobile data traffic.
Much has been written about the impact of technology on insurance, this most traditional of industries. Artificial intelligence (AI), connected cars, drones and the Internet of Things (IoT) are all becoming integral to the insurance and automotive industries.
The most eye-catching capabilities of the Internet of Things (IoT) tend to grab the most attention, like technology that reads a driver’s brain waves to deliver a more responsive ride. But when it comes to the IoT, lack of flash doesn’t mean lack of impact. Consider “IoT-enabled maintenance.”
The emergence of blockchain cloud technology is no surprise. Blockchain distributed ledger solutions for secure transactional processing, the Internet of Things (IoT) and a number of other applications are ripe for major cloud brokers to provide a variety of Blockchain-as-a-Service (BaaS) offerings. But what is a blockchain cloud in relation to other types of cloud platforms?
There is one thing that many consider as the backbone of a smart city and we should discuss first – the Internet of Things (IoT). It refers to a huge network of things which are connected to the internet. Along with the wide availability of high-speed internet access and the growing number of Wi-Fi-enabled devices and sensors, IoT technology has become increasingly sophisticated, allowing connected things not only to link to the internet but also talk to each other.
The same characteristics that make blockchain essential for cryptocurrencies are what make it so valuable for the IoT. Blockchain gives users confidence that sensitive and valuable data can fly around global networks and remain completely safe and unalterable. Blockchain enables trust. And it can be more efficient with interconnection.
The dynamic and interactive characteristics of these technologies demand more elasticity than today’s legacy backbone networks can deliver, as well as more flexible, agile and cost-effective low-latency and high-bandwidth connections to handle the digital deluge. In fact, the Global Interconnection Index predicts that by 2020, digital business will require over 5,000 terabits of Interconnection Bandwidth capacity to privately exchange data between businesses, outpacing the overall global growth of IP traffic, the internet and MPLS networks.
The recent rise of artificial intelligence (AI)/machine learning (ML) in the cloud — and related capabilities such as predictive analytics — has started to push DevOps organizations to explore the implementation of a new data analysis model that relies on mathematical algorithms.
Data exchanges are where IoT-generated data sets are combined and then refined through data analytics, and all this information takes on real value. These exchanges are places where organizations partner to identify patterns and draw conclusions about the information or see ways they can monetize the data.
Together, telematics and IoT technologies are changing the entire landscape of the commercial transportation industry, as well as every industry that is reliant on its vehicles to do business.