From smart wearable devices and smart home devices to smart cities and vehicles, IoT is spreading fast as tech companies prepare to leverage the advancement of this technology, says Andrew Amann, CEO and co-founder of NineTwoThree Venture Studio. Were just beginning to scratch the surface of IoT, a technology whose potential capabilities include the possibility of reviving dead objects and enhancing their usability by connecting them over a network.

By easing the process of collecting and securing critical data and facilitating its intelligent processing in real-time, IoT has strengthened different sectors with smart products. However, some IoT initiatives face various challenges that organizations must address before creating impactful products. This article digs deep into the best practices and considerations companies should address as they implement this new technology to enhance compliance and user acceptance.

The increasing adoption of IoT to reduce costs and enhance operational efficiency is among the factors behind the growth of the enterprise IoT market. According to a Future Market Insights reportOpens a new window of January 2023, the enterprise IoT market could expand at a compound annual growth rate (CAGR) of 13% between 2023 and 2033: from $595.4 in 2023 to exceed $2021.19 billion in 2033. Moreover, theres an observed continuous trend toward automation in most industries, further propelling the markets growth.

The increased penetration of enterprise IoT in smart homes and smart cities and the introduction of IoT-enabled automation in transport, manufacturing, and agriculture are expected to drive market growth further. The rise of big data analytics and organizations out to leverage IoT technology is also increasing focus on the ongoing digital transformation. Most importantly, the proliferation of Industry 4.0 and the adoption of technologies such as big data, artificial intelligence (AI), and machine learning (ML) is expected to drive growth further and make IoT an attractive investment opportunity for organizations that are keen on tapping into the nascent market.

See More: Are IoT Connectivity Providers Ready for the $1 IoT?

The IoT can positively impact any business that wants to dump the traditional way of doing stuff and adopt digital strategies to help them retain a competitive edge. The following software development practices will help your companys IoT initiatives thrive.

Programmable infrastructure as code enables you to automate a companys operational practices to achieve optimal service delivery. Implementing smart procedures via code development leads to automated processes and flexible operations, making it imperative for software developers to carefully select their IoT strategies to drive positive change. This requires a technological architecture that integrates the numerous aspects of workflow.

A good foundation helps you achieve a more favorable environment for a better IoT platform. An agile method is a subtle approach to implementing IoT to address the challenges of connecting culture and technology. This approach includes breaking down your IoT strategies into bite-sized, manageable projects in short-time schedules. Agility enables you to stick to a blueprint while moving until you achieve the final product while safeguarding the viability of ideas, meaning you can better control potential hazards and create enough space for dealing with errors when they arise.

The incredible trend of enterprise IoT adoption points to a situation where it will soon occupy all areas of human life and set in motion new trends leading to a total lifestyle change. As the number of interconnected devices continues rising, designers must predict future demand and ensure that highly scalable software becomes the rule rather than the exception.

Establishing the highest levels of cybersecurity to ensure data protection establishes customer confidentiality. Establishing IoT security can be a complex software development process but omitting this stage will doom all your plans if third parties can infiltrate your network. Introducing multi-level security systems and using cloud servers are among a few ways to guarantee security for smart devices having authentication and identity management properties.

Having learned about the potential of IoT to transform business by combining automation, mobility, and data analytics trends and changing how they collect information and data, many companies are trying hard to place themselves in a position where they can take advantage of the ongoing transformation. IoT enables enterprises to increase productivity while reducing operational costs by introducing intelligent sensors, embedded systems, communication technologies, and internet protocols. To successfully implement the initial stages of IoT, which includes mobile, device-to-device (D2D), and machine-to-machine (M2M) technologies, you need to hire an expert to help enhance your experience.

According to Smart Homes Global Market Report 2023Opens a new window , the smart home market powered by IoT devices and appliances is expected to reach $205 billion by 2026. Since were just beginning the digital transformation, one can only imagine the tremendous opportunities available by connecting devices to the cloud and its potential to transform just about every application in our homes and industries.

A McKinsey reportOpens a new window estimated that the value of IoT could be worth $5.5 trillion to $12.6 trillion by 2030. IoT-powered solutions cover a wide area of individual, business, and commercial applications with uncountable use cases that can monitor, connect and control billions of devices in entertainment, network connectivity, health, and fitness.

While most people are accustomed to typical IoT applications like smart home devices such as Google Assistant and Amazons Alexa, there are plenty of IoT-powered devices designed for businesses and enterprises. They include applications in:

See More: The State of IoT Edge Devices and the Case for IoT Security Updates

Consumer-facing IoT applications have grown tremendously through the increased adoption of smart homes and associated devices. There are already improved adoption rates in agriculture, fleet management, warehouse management, and improved healthcare outcomes, among many others. The commercial and industrial segments that lagged for a while are already catching up.The proliferation of startups investing in creating unique IoT apps for different industries is the clearest sign yet that IoT applications are the future of the Internet of Things. The future of IoT is just starting and brings promising opportunities for enterprises to grow and evolve. The future of IoT for enterprises looks bright as new technologies and access to previously unavailable data continue. This remains an exciting industry, and as we anticipate a massive shift in how things are done, IoT will be the backbone of the transformation.

What IoT transformations do you predict for the years to come? Share with us on FacebookOpens a new window , TwitterOpens a new window , and LinkedInOpens a new window . Wed love to hear your thoughts on this!

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The Top Five Ways IoT Is Transforming Enterprise Software - Spiceworks News and Insights

Authorities were investigating Signature Banks work ahead of its shut down on Sunday, according to a Bloomberg report.

The report said that the Justice Departments offices in Manhattan and Washington were investigating whether the bank took enough measures to detect possible money laundering schemes orchestrated by clients, according to people familiar with the matter. Two other people told Bloomberg that the Securities and Exchange Commission (SEC) was also looking into the institution.

Signature Bank was seized by The New York Department of Financial Serviceson Sunday to protect depositors after its customers withdrew billions from the bank after the Silicon Valley Bank collapsed on Friday. The bank had $89 billion in deposits end of last year, according to the department, but more than $79 billion of those deposits were not insured by the Federal Deposit Insurance Corporation (FDIC), The New York Times reported.

The FDIC only insures up to $250,000 per customer account if a bank fails.

The FDIC and the SEC declined to confirm the report to The Hill, but a SEC spokesperson pointed to SEC Chair Gary Genslers statement on Sunday about current market events.

In times of increased volatility and uncertainty, we at the SEC are particularly focused on monitoring for market stability and identifying and prosecuting any form of misconduct that might threaten investors, capital formation, or the markets more broadly, he said. Without speaking to any individual entity or person, we will investigate and bring enforcement actions if we find violations of the federal securities laws.

The pair of bank closures over the weekend has raised concerns in the banking industry, and has prompted some lawmakers to call for reform. Sen. Elizabeth Warren (D-Mass.) and Rep. Katie Porter (D-Calif.) introduced a bill to repeal rollbacks in banking regulations that was enacted during the Trump administration.

If enacted, the bill would put banks with at least $50 billion in assets back under strict Federal Reserve oversight and make them subject to Dodd-Frank Act stress tests. This would reverse at the Trump-era banking regulation rollback that raised the limit to $250 billion that exempted dozens of banks including Silicon Valley Bank and Signature Bank from the strictest federal oversight.

For the latest news, weather, sports, and streaming video, head to The Hill.

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Signature Bank had criminal investigation looming before it collapsed: report - AOL

Generally speaking, there are three basic types of cloud services:

The most widely recognized type of cloud service is known as software as a service, or SaaS. This broad category encompasses a variety of services, such as file storage and backup, web-based email, and project management tools.

Examples of SaaS cloud service providers include Dropbox, G Suite, Microsoft Office 365, and Slack. In each of these applications, users can access, share, store, and secure information in the cloud.

Infrastructure as a service, or IaaS, provides the infrastructure that many cloud service providers need to manage SaaS toolsbut dont want to maintain themselves. It serves as the complete datacenter framework, eliminating the need for resource-intensive, on-site installations.

Examples of IaaS are Amazon Web Services (AWS), Microsoft Azure and Google Compute Engine. These providers maintain all storage servers and networking hardware, and may also offer load balancing, application firewalls, and more. Many well-known SaaS providers run on IaaS platforms.

The cloud service model known as platform as a service, or PaaS, serves as a web-based environment where developers can build cloud apps. PaaS provides a database, operating system and programming language that organizations can use to develop cloud-based software, without having to maintain the underlying elements.

Many IaaS vendors, including the examples listed above, also offer PaaS capabilities.

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What is a Cloud Service? Cloud Services Solutions - Citrix

You can extend your storage capacity on Bare Metal Cloud any time with our flexible storage as a service options. Choose between S3 API-Compatible Object Storage Service or Network Storage to access additional resources at flexible prices.

Store massive amounts of digital content without performance penalties. Object Storage Service is a secure and highly scalable option for data-intensive workloads, allowing you to cost-effectively manage large amounts of data. The service stores your data as objects in buckets that can hold massive amounts of such related objects. Metadata and unique identifiers make it possible to search and index the object with increased performance, while you interact with it through the industry-standard S3 API.

As an alternative storage-as-a-service option, Network Storage is an easy-to-attach solution that can meet advanced needs. As an out-of-the-box solution that can be added via the Bare Metal Cloud portal within minutes, it ensures consistent performance and can be scaled easily to support higher volumes of storage. You can use this high-capacity system to manage terabytes of archival data, backups, and extensive databases without performance penalties.

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Bare Metal Cloud Servers | Award-Winning Provider - phoenixNAP

Imagine how convenient it would be for you to get access to all your companys essential data & files on the move. This is made possible with the technology of cloud computing and its provider of the best cloud services for small businesses. In todays digital age, having cloud services for any company is inevitable. But the usability and requirement of using cloud services differ from large enterprises to small businesses. So it becomes highly essential to choose suitable yet best cloud services for small businesses as well as large companies.

In todays post, we will be highlighting some of the best cloud computing solutions for small businesses. Along with it, we will also explain the basic concept of cloud services and why small businesses should utilize & implement cloud services for their data backup system effectively.

So lets get on with the details.

Back in the day, we used to store all our important files and data on hard drives. It was when no cloud services or smartphones were available. We used to do all that with the help of a USB port. But today with the availability of cloud services everywhere, we get to choose from a wide range of options for the storage of databases, files, records, and servers.

Now we can safely protect all of that without needing to store them in our personal storage drives. The services are also cost-effective and provide its user with a number of essential features that we dont really get when we manually store them ourselves.

On top of that, one can get complete accessibility of their files, records, sharing of data, and more from anywhere they want. This makes the collaboration process in real-time among team members easier than ever. As the whole team can work on the same files at the very same time without facing any issues.

So in simple words, Cloud service is one kind of digital service that allows users to have dedicated fixed storage to store data for any type of business small or big in a safe secured place. It lets users access client data that it store in their remote server space.

The maintenance and ownership of this cloud storage are with the cloud hosting company whereas the user simply owns the space that they bought to store their data in it. There will be no limit to a users accessibility to their stored client data providing secured access designated for them by the cloud service providers. The data however could be in multiple or many servers that are in the data center of the cloud hosting company.

There are different types of cloud services for small business that include:

The best cloud services for small businesses can manage a number of essential company-related tasks that include file storage as well as web hosting.

Nowadays the service and benefits of cloud solutions are not limited to large enterprises only. On a more adverse term, the technology of the cloud is equally suitable for small to medium-sized businesses. Cloud services boost productivity saving time and money for businesses. It even improves team collaboration creating scope for promoting innovative ideas. As your business grows you are able to scale up your

So here are some of the top reasons why a small business should activate the service of the cloud solutions.

Apart from the above benefits, reliable Cloud service ensures small businesses cut down on the staffs workload when they dont need to employ employees to update & install applications, manage emails & file servers or run & maintain backups anymore. You will be able to save hardware space as there will be no need for software updates on your network server.

More essentially, you no longer need to store any file, backup data, and software installations file that fills up the space of your personal computer and server. Above all, as the online cloud storage providers regularly update their applications, therefore it saves time as you dont have to update them yourself anymore. The cloud service providers that are listed to discuss below are already very popular names in the ever so crowded realm of cloud storage solutions list.

Once you have signed up for the Microsoft Azure cloud service platform you get to run virtual desktops & applications with its storage and backup system based in the cloud. Moreover, it is a cloud computing platform vastly designed to offer organizations built-in migration tools. This means businesses are able to migrate Windows server & Remote Desktop Services (RDS) to various other devices.

As a hybrid cloud service provides it has the immense ability to integrate and manage your environments. It supports almost all the popular platforms like iPhone, Android, Windows phone apps along with its web service. The solution is suitable for all types of business setup starting from small or medium-sized organizations. It also provides customer support through online, tutorials, knowledge-based documentation.

One can easily have security, scalability, and analytics even while the company is growing. Not to mention its multi-layer security and data backup facility that its user get to have from day one of its use. Keep all your files safe even after giving employees access to data. Truly a solid cloud service for every type of business model.

With 5 TB cloud backup storage at an impressive price of just $13.90 for the first year, the IDrive is indeed a solution with one of the better online backup services for small businesses. To launch the full application, one can easily click on the IDrives notification area to access its settings and manage other backup schedules.

During the transmission and while at rest on the server, the data in it remains totally encrypted until you restore it from the client-end. In terms of backing up your file, it lets you select files and documents from common user folders like documents, music, pictures, and so on. In the case of restoring the backup file, from the dropdown menu, the user is able to select the original backup device to move files directly to the PC.

Using the checkboxes, its settings provide the option to restore them in a folder structure. There is also the option for, syncing, individual devices, and sharing preferences. The user can also share any files easily via email by signing up for an IDrive account.

Moreover, one can download any file, by digging into any folders or choosing a computer from the Backup tab. The solution also has a mobile app allowing you to backup anything from the ease of your mobile device. With the backup speed being on the higher side, IDrive is truly a fully-featured online drive for any business setup.

This is the most popular cloud service that almost all common people use. This free cloud service has the potential to become the backbone of any small business. With its fully-featured cloud-based document, presentation, spreadsheet, forms, and drawing tool, it is the most favorite cloud service for all and not just for small businesses. A comprehensive online drive to be able to access anything from anywhere. This means your files go wherever you go.

Right now, this is probably the most favorite place for anyone needing to store & share their photos, documents, files, recordings, videos, and more. All you will need is the login to your Google account and you will be able to access your files from any device you want. You will love how smartly you can share the important files simply by sharing an invite link in order to collaborate with your team member better.

Instead of using Gmail to send email attachments all the time, you can simply use Google drive. So sharing and working on your files with multiple people at the same time has never been easier and faster.

Note: Although most of the cloud services from Google were free all these years, from coming June 1, 2021, Google has announced that its users will no longer be able to enjoy its free Google photos storage service and will only be able to use their dedicated 15 GB of free storage to save their photos and videos.

If anyone feels the need to extend its storage for its cloud service then they will have to opt-in for the Google drive premium plan.

Another really popular cloud storage service that can be used to store and share data and files in the cloud at ease. Dropbox application can be termed as an ideal platform for managing, retrieving, and storing your files that can be accessed from anywhere. It has a unique option of being able to share files even with non-Dropbox users. Once you get signed up with a Dropbox account, you automatically get free storage of 2 GB. It is easy to use, as you can simply connect yourself to the internet and you are all set to access this tool.

The cloud service provider is also said to be an ideal platform for storing and backing up all your essential information. This means if for any mishaps, you lose your data on your computer, you will easily be able to get back everything as it was before. The tools ensure complete security of your data as it encrypts your files when they are moving to and from the cloud storage.

Working from your mobile or tablet is easier than ever, as you get to access files and work on them anytime you want. Even if you dont have an internet connection, its user can also access the files or folders that you have marked to automatically sync offline.

Collaboration with team members is also easier than ever, as the collaborators with a Dropbox account can work simultaneously on shared files. Backing up your files is also hassle-free, as the user can simply drag & drop the file or folder that they want to backup to the Dropbox folder on your desktop.

Also retrieving your accidentally deleted files can be difficult in many cloud services but not in the case of Dropbox, as you can get lost files back with a single click.

For people who work on multiple systems every day and want to back up everything in one place, SpiderOak can be really helpful as it allows backup from unlimited machines. It is quite well-known for its high-end military-grade security. The user can rest assured about their data being safe due to its strong encryption and zero-knowledge policy. As the data is saved in their in-house server and not in any third-party server, therefore, not even the company has access to the user data. It also provides access to these servers only to a limited number of authorized operators.

All the data and files on SpiderOak are backed up through desktop apps. A user can either use their free storage or 2 GB or opt for any of its cost-effective paid plans. The solution comes with two-level of backup, basic level & advanced level. And a user looking for more control over how their data and files are backed up should go for advanced level backup in it.

Another exciting feature that this innovative cloud service provider offers is its de-duplication option. This means the system will automatically detect any duplicate file on your desktop in advance, and it will not back it up again while it locally syncs it with the system, refraining it from creating the duplicate file again.

Its highest selling point was always the security and privacy that it provides to its users protecting their sensitive information. Although one of its negative points can be termed for it only having a desktop app and not any web app. Although its mobile app is available for use on Android & iOS.

Apart from these popular & reliable cloud services for small businesses, there are also web cloud-based project management solutions, like Trello, Asana, etc. that enable the user to manage a project among teams in a more flexible, visual & organized way. And in case you are looking for a solid yet self-hosted project management tool that is incredibly useful, versatile, and super easy to use then WP Project Manager is the solution for you.

Just like the immense advantages of employing the service of the cloud for small businesses, there are also a number of drawbacks and limitations to it too. So it is always better you address all those setbacks and assess the suitability of all those cloud services carefully along with understanding your company requirements before you actually decide to get any of the cloud services that we mentioned above.

Each cloud service provider is entitled to provide different features and functionalities. Some will be cheaper in price with optimum features, whereas others will be rich in features & user-friendliness. So you got to know and assess beforehand what you want from your cloud service provider for your small business. And based on that you should pick the best cloud services for your small business.

But to be honest, when it comes to choosing the best cloud services for small businesses, the most significant thing that you should consider is the measure and steps that it takes to protect your personal & sensitive information.

Which cloud services or solutions do you use to keep your data and records safe for your small business? Share your experience with us in the comments below.

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What Are The Best Cloud Services for Small Business (2022) - WordPress ERP