Category Archives: Internet of Things

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The Future of Indoor GPS Part 1: Top Indoor Positioning Technologies

GPS can help you get from A to B, but what can it do to enhance your indoor retail experience?  Over the next several entries, the Mystic Media Blog will endeavor on a five-part deep dive into the top indoor location technologies and how they will help form the retail experience of the future.

GPS has become ingrained in our everyday lives. Zoomers will never know of a world without GPS, the world of Mapquest and just plain old maps.

While Google Maps, Waze, and Apple Maps can take you from your home to your favorite retailer, finding your way around large stores remains difficult. As a business owner, you want to make the act of navigating the store as easy as possible so that your customers have a positive experience finding what they want. Indoor GPS can solve that problem.

In the past five years, indoor positioning has blown up. The global market for indoor location technology is project to hit $40.99 billion by 2022, a significant increase from $5.22 billion in 2016. That’s a compound annual growth rate of 42%. With $2.4 billion anticipated in annual spending on beacons and asset tracking by the end of 2020, IPS or Indoor Positioning Systems are here to stay.

Here are the top IPS technologies in use today:

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BLE 5.1 BEACONS

Bluetooth Low Energy Beacons are tiny battery powered devices that can connect to bluetooth-enabled devices like smartphones.

When it comes to indoor positioning, the more precise the positioning, the larger the investment required to achieve it. Bluetooth Low Energy beacons have become a technology stack because they require relatively inexpensive hardware to achieve an accuracy of up to 1-3 meters. BLE 5.1 beacons have improved upon that, providing 1-10 centimeters of accuracy with minimal lag.

BLE is extremely power efficient and cost-effective, draining a phone’s battery by less than 1% when connected, and can be used within WiFi access points or lighting infrastructure. Since they infrequently require maintenance, they are often used in high-traffic venues.

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ULTRA-WIDEBAND (UWB)

Ultra-wideband (UWB) is a radio technology utilizing low power consumption for a high-bandwidth connection. UWB has extremely precise locating abilities, dialing in to locate objects within one centimeter.

In September 2019, Apple announced the iPhone 11 includes a “U1” chip with UWB technology; however, UWB technology is currently not widely available. Many consider it to be the future of indoor positioning technology, but the lack of existing infrastructure will likely delay mass adoption. Regardless, for applications like warehouse tracking where ultra-precise positioning is required, UWB is an ideal solution.

RFID

RFID TAGS

RFID stands for Radio Frequency Identification. RFID is a simple technology with a tag and a reader. The reader extracts data from the tag using radio-frequency electromagnetic field and identifies the object the tag is attached to.

Although RFID is often used in combination with other technologies for more precise indoor location, the market for RFID is gradually increasing. It’s currently slated for growth in the apparel and shoes space, with great potential in other markets such as healthcare and automotive.

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AR-BASED NAVIGATION

Indoor navigation utilizing Augmented Reality technologies can do more than just help you navigate a store, it can totally revolutionize the retail experience.  AR can create virtual paths and arrows to help navigate the store. For businesses, AR can improve internal processes by making it easier for staff to navigate offices and warehouses.

This technology is enabled by placing visual markers which can be scanned by the users using their mobile device’s camera. The phone will then guide the user through the retail experience and can be customized to help them find what they need.

In May 2019, the number of AR-enabled devices around the world reached 1.05 billion. Apple and Google are actively working on improving ARKit and ARCore, their AR software development frameworks. Beyond simply helping customers and staff navigate stores, AR will pave the way for personalized shopping experiences unlike any we’ve seen before.

CONCLUSION

While BLE Beacons are currently the leader in the marketplace, many technologies are competing to pioneer the most advanced and accurate indoor location technologies. Given the countless applications, the future is looking bright for indoor location applications! Tune in next week when we take a deep dive into BLE 5.1 beacons.

Wireless communication network concept. IoT(Internet of Things). ICT(Information Communication Technology).

A Smarter World Part 4: Securing the Smart City and the Technology Within

In the last installment of our blog series on smart cities, we examined how smart transportation will make for a more efficient society. This week, we’ll examine how urban security stands to evolve with the implementation of smart technology.

Smart security in the modern era is a controversial issue for informed citizens. Many science fiction stories have dramatized the evolution of technology, and how every advance increases the danger of reaching a totalitarian state—particularly when it comes to surveillance. However, as a society, it would be foolish to refrain from using the technical power afforded to us to protect our cities.

Here are the top applications for smart security in the smart cities of the future:

Surveillance

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Surveillance has been a political point of contention and paranoia since the Watergate scandal in the early 1970s. Whistleblower Edward Snowden became a martyr or traitor depending on your point of view when he exposed vast surveillance powers used by the NSA. As technology has rapidly evolved, the potential for governments to abuse their technological power has evolved with it.

Camera technology has evolved to the point where everyone has a tiny camera on them at all time via their phones. While monitoring entire cities with surveillance feeds is feasible, the amount of manpower necessary to monitor the footage and act in a timely manner rendered this mass surveillance ineffective. However, deep learning-driven AI video analytics tools can analyze real-time footage and identify anomalies, such as foreboding indicators of violence, and notify nearby law enforcement instantly.

In China, police forces use smart devices allied to a private broadband network to discover crimes. Huawei’s eLTE system allows officers to swap incident details securely and coordinate responses between central command and local patrols. In Shanghai, sophisticated security systems have seen crime rates drop by 30% and the amount of time for police to arrive at crime scenes drop to 3 minutes.

In Boston, to curb gun violence, the Boston police force has deployed an IoT sensor-based gunfire detection system that notifies officers to crime scenes within seconds.

Disaster Prevention

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One of the major applications of IoT-based security system involves disaster prevention and effective use of smart communication and alert systems.

When disasters strike, governments require a streamlined method of coordinating strategy, accessing data, and managing a skilled workforce to enact the response. IoT devices and smart alert systems work together to sense impending disasters and give advance warning to the public about evacuations and security lockdown alerts.

Cybersecurity

The more smart applications present in city infrastructure, the more a city becomes susceptible to cyber attack. Unsecured devices, gateways, and networks each represent a potential vulnerability for a data breach. The average cost of a data breach according to IBM and the Poneman Institute is estimated at $3.86 million dollars. Thus, one of the major components of securing the smart city is the ramping up of cybersecurity to prevent hacking.

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The Industrial Internet Consortium are helping establish frameworks across technologies to safely accelerate the Industrial Internet of Things (IIot) for transformational outcomes. GlobalSign works to move secure IoT deployments forward on a world-wide basis.

One of the first and most important steps toward cybersecurity is adopting standards and recommended guidelines to help address the smart city challenges of today. The Cybersecurity Framework is a voluntary framework consisting of standards, guidelines, and best practices to manage cybersecurity-related risk published by the National Institute of Standards and Technology (NIST), a non-regulatory agency in the US Department of Commerce. Gartner projects that 50% of U.S. businesses, critical infrastructure operators, and countries around the globe will use the framework as they develop and deploy smart city technology.

Conclusion

The Smart City will yield a technological revolution, begetting a bevy of potential applications in different fields, and with every application comes potential for hacker exploitation. Deployment of new technologies will require not only data standardization, but new security standardizations to ensure that these vulnerabilities are protected from cybersecurity threats. However, don’t expect cybersecurity to slow the evolution of the smart city too much as it’s expected to grow into a $135 billion dollar industry by 2021 according to TechRepublic.

This concludes our blog series on Smart Cities, we hope you enjoyed and learned from it! In case you missed it, check out our past entries for a full picture of the future of smart cities:

A Smarter World Part 1: How the Future of Smart Cities Will Change the World

A Smarter World Part 2: How Smart Infrastructure Will Reshape Your City

A Smarter World Part 3: How Smart Transportation Will Accelerate Your Business

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A Smarter World Part 3: How Smart Transportation Will Accelerate Your Business

In the last installment of our blog series on smart cities, we examined how smart infrastructure will revolutionize smart cities. This week, we will examine the many applications which will soon revolutionize smart transportation.

A smarter world means a faster, more efficient and environmentally-friendly world. And perhaps the biggest increase in efficiency and productivity will be driven by the many ways in which AI can optimize the amount of time it takes to get where you’re going.

Here are the top applications in smart transportation coming to a city near you:

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AUTONOMOUS VEHICLES

Some say autonomous vehicles are headed to market by 2020. Others say it could take decades before they are on the road. One thing is for certain, they represent a major technological advancement for smart transportation. Autonomous cars will communicate with each other to avoid accidents and contain state-of-the-art sensors to help keep you and your vehicle safe from harm.

Although autonomous vehicles are arguably the largest technological advancement on the horizon, they will also benefit greatly from a variety of smart transportation applications that will accelerate navigating your local metropolis.

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SMART ROADS

What if we could turn roads into a true digital network, giving real-time traffic updates, supporting autonomous car technology, and providing true connectivity between vehicles and smart cities?

That’s the question tech start-up Integrated Roadways intends to answer. Integrated Roadways develops fiber-connected smart pavement outfitted with a vast amount of sensors, routers, and antennae that send information to data centers along the highway. They recently inked a 5 year deal to test out patented fiber-connected pavement in Colorado.

Smart Roads represent a major advancement in creating vehicle-to-infrastructure (V2I) connectivity. With 37,133 deaths from motor vehicles on American roads in 2017, the combination of AI applications in smart roads and autonomous cars could revolutionize vehicular transport and create a safer, faster world.

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SMART TRAFFIC LIGHTS

The vehicle-to-infrastructure connectivity spans beyond the roads and into the traffic light. Idling cars generate an estimated 30 million tons of carbon dioxide. Traffic jams can make it harder for first responders to reach emergencies. Rapid Flow proposes that the answer may be their AI-based adaptive traffic management system called Surtrac.

Surtrac uses a decentralized network of smart traffic lights equipped with cameras, radar, and other sensors to manage traffic flows. Surtrac’s sensors identify approaching vehicles, calculate their speed and trajectory, and adjust a traffic signal’s timing schedule as needed.

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SMART PUBLIC TRANSIT

There are a variety of smart applications which are revolutionizing public transportation.

In Singapore, hundreds of cameras and sensors citywide analyze traffic congestion and crowd density, enabling government officials to reroute buses at rush hour, reducing the risk of traffic jams. In Indianapolis, the electric Red Line bus service runs a 13 mile path that travels within a quarter of a mile of roughly 150,000 jobs.

One of the major disruptors which has seen rapid adoption in the smart public transport are electric scooter sharing services like Bird and Lime. Electric scooters fill in the public transportation gap for people looking to go 1-3 miles without having to walk or take a taxi. Electric scooters have seen adoption in Los Angeles, San Francisco, Salt Lake City, Brooklyn, and more cities around the globe.

CONCLUSION

Smart cities will have a host of revolutionary applications working in unison and communicating through smart infrastructure with municipalities to ensure maximum efficiency and safety when it comes to transportation. In our next installment of our series on smart cities, we’ll examine how smart security will help keep city-dwellers safe.

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A Smarter World Part 2: How Smart Infrastructure Will Reshape Your City

Imagine a city that monitors its own health, identifies potential fail points using AI algorithms, and autonomously takes action to prevent future disasters.

This is the smart-city of the future. In our first installment of our blog series on Smart Cities, we ran through an overview of how Smart Cities will change our world. In this second entry of our blog on smart cities, we’ll examine perhaps the biggest building block necessary to create a smart city: smart infrastructure.

The construction of a smart city begins with developing a vast, city-wide IoT system, embedding sensors and actuators into the infrastructure of the city to create a network of smart things. The sensors and actuators collect data and send it to field gateways which preprocess and filter data before transmitting it through a cloud gateway to a Data Lake. The Data Lake stores a vast amount of data in its raw state. Gradually, data is extracted for meaningful insights and sent to the Big Data warehouse where it’s structured. From here, monitoring and basic analytics will occur to determine potential fail points and preventative measures.

Check out the breakdown below:

Breakdown

As you can see, it all begins with the construction of smart infrastructure that can collect data. Here are some of the big applications in the smart infrastructure space:

STRUCTURAL HEALTH

One of the major applications of smart infrastructure will be monitoring key data points in major structures, such as the vibrations and material conditions of buildings, bridges, historical monuments, roads, etc.

Cultivating data will initiate basic analysis and preventative measures, but as we gather more and more data, AI and machine learning algorithms will learn from vast statistical analysis and be able to analyze historical sensor data to identify trends and create predictive models to prevent future disasters from happening with unprecedented accuracy.

Learn more about how Acellant is building the future of structure health monitoring.

ENVIRONMENTAL APPLICATIONS

There are a multitude of potentially environmental applications for smart infrastructure designed to optimize city activities for environmental health. For example, embedding street lights with intelligent and weather adaptive lighting will reduce the amount of energy necessary to keep roads alight.

Air pollution monitoring will help control CO2 emissions of factories and monitor the pollution emitted by cars. Ultimately, earthquake early detection can help monitor distributed control in specific places of tremors.

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WASTE MANAGEMENT

Boston is well-known as one of the top college cities in the United States. Every fall, over 160,000 college students from MIT, Harvard, Northeastern, BU, BC, Berklee School of Music, and more move in to their new living spaces, causing undue stress on the city’s waste management administration. ANALYZE BOSTON, the city’s open data portal, provided key data points such as housing rentals, trash volume and pick-up frequency, enabling a project called TRASH CITY to reroute waste management routes during this trying time.

CONCLUSION

Projects like Trash City show the many ways in which we can optimize city operations by analyzing data effectively. As smart infrastructure enables the collection of more and more data, projects like TRASH CITY will become more efficient and more effective.

Of course, the biggest application of Smart Infrastructure will be the many ways in which it will change how you get from A to B. Next week, we’ll focus in on smart transportation and how it will reshape metropolitan transportation.

Smart Cities

A Smarter World Part 1: How the Future of Smart Cities Will Change the World

Are you ready for smart cities of the future?  Over the next few weeks, we will be endeavoring on a series of blogs exploring what the big players are developing for smart cities and how they will shape our world.

When the world becomes smart, life will begin to look a lot more like THE JETSONS!

When the world becomes smart, life will begin to look a lot more like THE JETSONS!

Our cities will become smart when they are like living organisms: actively gathering data from various sources and processing it to generate intelligence to drive responsive action. IoT, 5G, and AI will all work together to enable the cities of the future. IoT devices with embedded sensors will gather vast amounts of data, transmit it via high-speed 5G networks, and process it in the cloud through AI-driven algorithms designed to come up with preventative action. From smart traffic to smart flooding control, the problems smart cities can potentially solve are endless.

Imagine a world where bridges are monitored by hundreds of tiny sensors that send information about the amount of pressure on different pressure points. The data from those sensors instantly transmits via high-speed internet networks to the cloud where an AI-driven algorithm calculates potential breaking points and dispatches a solution in seconds.

That is where we are headed—and we’re headed there sooner than you think. Two-thirds of cities globally are investing in smart city technology and spending is projected to reach $135 billion by 2021. Here are the three of the top applications leading the charge in the Smart Cities space.

Smart Infrastructure

SMART INFRASTRUCTURE

As our opening description of smart bridges implies, smart infrastructure will soon become a part of our daily lives. In New Zealand, installed sensors monitor water quality and issue real-time warnings to help swimmers know where it’s safe to swim.

In order to enable smart functionality, sensors will need to be embedded throughout the city to gather vital information in different forms. In order to process the abundance of data, high-volume data storage and high-speed communications powered by high-bandwidth technologies like 5G will all need to become the norm before smart infrastructure can receive mass adoption.

Stay tuned for our next blog where we’ll get more in-depth on the future of smart infrastructure.

Smart Cars

SMART TRANSPORTATION

From smart parking meters to smart traffic lights, from autonomous cars to scooters and electric car sharing services, transportation is in the midst of a technological revolution and many advanced applications are just on the cusp of realization.

Smart parking meters will soon make finding a parking space in the city and paying for it easy.  In the UK, local councils can now release parking data in the same format, solving one of the major obstacles facing smart cities: Data Standardization (more on that later).

Autonomous cars, powered by AI, IoT, and 5G, will interact with the smart roads on which they are driving, reducing traffic and accidents dramatically.

While there is a debate about the long-term effectiveness of electric motorized scooters as a mode of transportation, they’ve become very popular in major US cities like San Francisco, Oakland, Los Angeles, Salt Lake City and are soon to come in Brooklyn.

With the New York Subway system in shambles, it seems inevitable the biggest city in the world will receive a state-of-the-art smart technology to drastically improve public transit.

Surveillance State

SMART SECURITY

The more you look at potential applications for smart security, the more it feels like you are looking at the dystopian future of the novel 1984.

Potential applications include AI-enabled crowd monitoring to prevent potential threats. Digital cameras like Go-Pros have shrunk the size of surveillance equipment to smaller than an apple. Drones are available at a consumer level as well. While security cameras can be placed plentifully throughout a city, one major issue is cultivating the manpower required to analyze all of the footage being gathered for potential threats. AI-driven algorithms to analyze footage for threats will enable municipalities to analyze threats and respond accordingly.

However, policy has not caught up with technology. The unique ethical quandaries brought up by smart security and surveillance will play out litigiously and dictate to what degree smart security will become a part of the cities of the future.

CONCLUSION

We can see what the future may look like, but how we’ll get there remains a mystery. Before smart technologies can receive mass adoption, legislation will need to be passed by both local and national governments. In addition, as the UK Parking Meter issue shows, data standardization will be another major obstacle for smart technology manufacturers. When governments on both a local and a national level an get on the same page with regard to how to execute smart city technology and legislation, the possibilities for Smart Cities will be endless.

Stay tuned next week for our deep dive into the future applications of Smart Infrastructure!

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How Wearable Smart Clothing Will Revolutionize Health, Fitness, and Fashion

Wearables are in a nascent stage since coming into vogue through the advent of Samsung Galaxy Gear in 2013 and the Apple Watch in 2015. Smartwatches and fitness devices like Fitbit continue to reign supreme and help us make our lives more efficient while tracking vital health data and improving our workouts.

The next generation of wearables will be able to cultivate even more data and transmit that information to health professionals with the help of 5G. Machine learning algorithms will help predict potential health issues based on the data gathered. In order to cultivate this data, we predict that wearable clothes fitted with sensors will rise in popularity, yielding ground-breaking applications in Fitness, Healthcare, Emergency Services, and Fashion.

FITNESS

The release of Fitbit in 2009 marked the first consumer-grade wearable focused on activity tracking, precipitating the advent of the smartwatch by four years. Since then, Fitbit has designed and released a line of products focusing on activity tracking, including the Fitbit Versa, a health and fitness smartwatch, and the Fitbit Ace, an activity tracker for children 8+.

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Fitbit isn’t the only major player in the wearables game. Nadi X Yoga Pants use built-in haptic vibrations to encourage wearers to move and hold positions.

Sensoria’s second generation connected socks use textile pressure sensors to track the pressure put on the user’s foot when running and inform the user when it senses too much pressure on a particular body part to prevent injury. They also track time, cadence, pace, speed, and distance.

The Thin Ice smart vest cools your body using thermo receptors, activating the bodies brown fat pathways which effectively burns white fat (bad fat).

OMsignal’s OmBra measures heart rate and breathing rhythm in addition to time, distance, cadence pace, and impact for runners.

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The Athos Core is perhaps the most thorough and expansive application in smart clothes today. Athos Core collects data from a line of clothing embedded with micro-EMG sensors and analyzes it to help improve your workout. Athos shirts can evaluate electrical activity produced by your muscles to track the exertion of major upper-body muscle groups (pecs, bis, tris, delts, lats, and traps).

HEALTHCARE AND EMERGENCY SERVICES

As cited in our last blog on 5G and healthcare, 86% of doctors say wearables increase patient engagement with their own health.

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The second generation Owlet Smart Sock is a smart-sock made for babies which uses pulse oximetry technology to monitor heart rate and sleep patterns.

Siren Smartsocks are designed to prevent diabetics from suffering from foot injuries. They have microsensors designed to continuously monitor temperature for inflammation and alert users through their smartphone app.

As wearable clothes become more popular, applications will automatically contact emergency services when the wearer’s health shows major warning signs.

Invisiwear offers wearable smart jewelry and other accessories with a panic button which gives the option to share your location with loved ones and 9-1-1.

The iBeat Heart Watch monitors health and notifies your loved ones and an EMT team in emergency situations.

FASHION

“Fashion tech” is gradually earning adoption.

On a mass consumer level, Levi’s teamed up with Google’s Project Jacquard to offer a smart trucker jacket designed for urban cyclists. Conducive yarn makes it easy for the user to tap, swipe, or hold the sleeve to fulfill simple tasks like changing music tracks, block or answer calls, or access navigation information.

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A London-based design firm THE UNSEEN created a line of luxury accessories including a backpack, phone case, scarf, and more which respond to air pressure, body temperature, wind, sunlight, and touch to change colors.

THE FUTURE OF WEARABLE CLOTHES

Recently, NBA commissioner Adam Silver unveiled the future of the NBA Jersey: a line of smart jerseys that allow you to customize the name and number on the jersey.

There’s no doubt that the future of wearable clothes is still unveiling itself to us as 5G receives mass adoption and programmers continue to uncover potential applications of machine learning. What is clear at this point is that wearable clothes will help make the human race smarter, stronger, healthier, and more efficient.

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How 5G Will Enable the Next Generation of Healthcare

In the past month, we’ve explored 5G, or fifth generation cellular technology, and how 5G will shape the future. In this piece, we’ll spotlight the many ways in which 5G will revolutionize the healthcare industry.

DATA TRANSMISSION

Many medical machines like MRIs and other imaging machines generate very large files that must then be sent to specialists for review. When operating on a network with low bandwidth, the transmission can take a long time or not send successfully. This means patients must wait even longer for treatment, inhibiting the efficiency of healthcare providers. 5G networks will vastly surpass current network speeds, enabling healthcare providers to quickly and reliably transport huge data files, allowing patients and doctors to get results fast.

EXPANDING TELEMEDICINE

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A study by Market Research Future showed that the future of telemedicine is bright—an annual growth rate of 16.5% is expected from 2017 to 2023. 5G is among the primary reasons for that level of growth. In order to support the real-time high-quality video necessary for telemedicine to be effective, hospitals and healthcare providers will need 5G networks that can reliably provide high-speed connections. Telemedicine will result in higher quality healthcare in rural areas and increased access to specialists around the world. Additionally, 5G will enable growth in AR, adding a new dimension to the quality of telemedicine.

REMOTE MONITORING AND WEARABLES

It’s no secret that 5G will enable incredible innovation in the IoT space. One of the ways in which IoT will enable more personalized healthcare involves wearables. According to Anthem, 86% of doctors say wearables increase patient engagement with their own health and wearables are expected to reduce hospital costs by 16% in the next five years.

Wearables like Fitbit track health information that can be vital for doctors to monitor patient health and offer preventative care. While the impact may initially be negligible, as technology advances and more applications for gathering data through wearables emerge, 5G will enable the high-speed, low-latency, data-intensive transfers necessary to take health-focused wearables to the next level. Doctors with increased access to patient information and data will be able to monitor and ultimately predict potential risks to patient health and enact preventative measures to get ahead of health issues.

Companies like CommandWear are creating wearable technology that helps save lives by enabling first responders to be more efficient and more conveniently communicate with their teams.

ARTIFICIAL INTELLIGENCE

In the future, artificial intelligence will analyze data to determine potential diagnoses and help determine the best treatment for a patient. The large amounts of data needed for real-time rapid machine learning requires ultra-reliable and high-bandwidth networks—the type of networks only 5G can offer.

One potential use case for AI in healthcare will be Health Management Systems. Picture a system that combines the Internet of Things with cloud computing and big data technology to fully exploit health status change information. Through data-mining, potential diseases can be screened and alarmed in advance. Health Management Systems will gradually receive mass adoption as 5G enables the data-transmission speeds necessary for machine learning to operate in the cloud and develop algorithms to predict future outcomes.

MAJOR PLAYERS

Right now, the major players who serve to benefit from 5G are the telecom companies developing technology that will enable mass adoption. Companies like Huawei Technologies, Nokia, Ericsson, Qualcomm, Verizon, AT&T, and Cisco Systems are investing massive sums of money into research and development and patenting various technologies, some of which will no doubt become the cornerstones of the future of healthcare.

Qualcomm recently hosted a contest to create a tricoder—a real life device based on a machine in the Star Trek TV movie franchise. Tricoders are portable medical devices that would enable patients to diagnose 13 conditions and continuously monitor five vital signs.

For a full list of major players in the 5G game, check out this awesome list from GreyB.

CONCLUSION

With human lives at stake, healthcare is the sector in which 5G could have the most transformative impact on our society. As the Qualcomm Tricoder contest shows, we are gradually building toward the society previously only dreamed about in sci-fi fiction–and 5G will help pave the way.

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How 5G Will Inspire a Technological Revolution

In our last blog 5G: Exploring the Fifth Generation of Cellular Mobile Communications, we explored an overview of what 5G is and when it will be rolling out in your city.

Now, it is time for the fun stuff! 5G will change the way we interact with technology on a daily basis. Here’s a rundown of some of the revelatory applications enabled by 5G which will shape the future of our world:

THE INTERNET OF THINGS

Via Toxsl Technologies

Via Toxsl Technologies

In 2016, we wrote about how the Internet of Things will eventually enable smart-worlds. 5G is necessary in order to facilitate those changes. Most of the biggest innovations enabled by 5G are related to the Internet of Things. The world currently has sensors that are embedded in devices and objects and can communicate with each other, but they require a great deal of resources and quickly deplete LTE’s data capacity. 5G will give these sensors the ability to transmit data at speeds necessary to operate more efficiently. It will save lives by enabling smart bridges to communicate with cities and municipalities about when they require maintenance, among many other potential applications.

AUTONOMOUS VEHICLES

Via Seeking Alpha

Via Seeking Alpha

The world is at a cross-roads when it comes to autonomous vehicles. The demand is here, but in order to justify legislation, autonomous cars must be ostensibly fool-proof. 5G will enable the speed necessary for autonomous vehicles to communicate with other vehicles on the road, saving lives in the process. According to Joy Laskar, CTO of Maja Systems, self-driving cars of the future will generate an estimated two petabits of data—that’s two-million gigabits! When dealing with automotive vehicles, people’s lives will be dependent on the transmission of data. Put it simply, until 5G receives a mass roll-out, it’s unlikely that autonomous cars will become the primary vehicles on the road.

HEALTHCARE

Via Fortinet

Via Fortinet

Imagine remote diagnoses that enable people worldwide to have access to expert doctors. Imagine robot-assisted surgery that is more precise and cost-effective. Imagine 5G-powered Augmented Reality applications allowing physical therapists and patients to communicate remotely.

These are just a few of the innovations that 5G will enable within the healthcare space. 5G will eventually enable much more precise and efficient hospitals. It will give patients more personal care. Consulting firm IHS Markit reported that “5G-enabled” output between 2020 and 2035 will total at $12.3 trillion. Of that amount, roughly $1.1 trillion will encompass sales enablement in healthcare.

VIRTUAL REALITY AND AUGMENTED REALITY

Via Upload VR

Via Upload VR

Experts within the VR and AR industry believe 5G will unlock the full potential of VR and AR technology. 5G will enable VR devices to offload intensive computational work to the cloud, making VR devices smaller and increasing the fidelity of VR experiences. AR displays in autonomous cars will likely become the norm. 5G will enable VR live streaming of sporting events, creating a revolutionarily immersive viewing experience. As with autonomous cars, we will not see the full potential of VR until 5G receives mass adoption.

TAKEAWAYS

5G will permanently change the global economy. 5G will generate new revenue, facilitate new growth, and accelerate innovations beyond our wildest dreams. Dr. David Teece wrote that 5G will put mobile technology at the center of a global economy characterized by the Internet of Things turning into a true general-purpose technology. While each evolution of the cellular generation has brought amazing advancements to society, 5G promises to bring the most radical breakthroughs of any of previous generations. Ready or not, 5G is about to bring interconnectivity to a whole new level.

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How the Revolutionary Mechanics of Blockchain Technology Could Serve Your Business

In the last entry in our cryptocurrency series, we explored how to secure your cryptocurrency with the right wallet. This week, we’ll take a look at the mechanics of the Blockchain across industries.

While the debate over whether Bitcoin will become the dominant cryptocurrency is far from over, the mechanics behind Bitcoin are unquestionably revolutionary. Blockchain technology has the potential to disrupt more than just currency, but industries ranging from healthcare to Wall Street.

The Blockchain is a secure ledger database shared by all parties participating in an established, distributed network of computers. The Blockchain decentralizes the process of validating transactions, allocating the duties to computers throughout the network.

Blockchain is revolutionary because it eliminates the need for a central authority, allowing for a real-time ledger that is not dependent on a single entity governing the transactions.

Imagine if in order to make changes to a text document, you had to email a colleague who would then update the document on Microsoft Word and send the updated file out to all relevant parties on the team. The updating of information would quickly become an inefficient process that is heavily dependent on the central entity (the colleague). Blockchain posits a workflow that is more like Google Docs in that it allows updates to be made in real time and shared across the network instantly without the need of a central authority. Blockchain enacts this principle by relying on computers within the network to independently validate transactions through cryptography. Thus, the validity of the ledger is determined by the many objective computers on the network rather than a single powerful entity.

The idea of decentralization can also be applied to WhatsApp, the popular messaging app that revolutionized texting and cut the cost of transactions globally. WhatsApp cut out the central authority of phone carrier companies by building the same functionality on a decentralized network (the Internet).

If you’re still confused about Blockchain, check out this awesome video by Wired breaking it down in 2 minutes:

Blockchain has already found usages in many different industries.

  • SMART CONTRACTS

Smart contracts are coded contracts embedded with the terms of an agreement. They are a method for businesses and individuals to exchange money, property, materials, or anything of value in a transparent way that avoids the services of a middleman (such as a lawyer). Smart contracts not only define the rules of an agreement, they automatically enforce the obligations provided in the terms of the contract.

Smart contracts have revolutionized the supply chain and threaten to eliminate the use of lawyers for enforcing contracts. Smart contracts and blockchain ensure data security that could also lead to the transferring of voting to an online system, potentially increasing voter turnout significantly.

  • HEALTHCARE

Within the healthcare industry, Blockchain has the potential to revolutionize data sharing between healthcare providers, resulting in more effective treatments and an overall improved ability for healthcare organizations to offer efficient care. A study from IBM showed that 56% of healthcare executives have a plan to implement a commercial blockchain solution by 2020.

  • SUPPLY CHAIN

Both within the Healthcare industry and elsewhere, blockchain is redefining supply chain management. Blockchain can provide a distributed ledger that tracks the transfer of goods and raw materials across wide-ranging geographical locations and stages. The public availability of the ledger makes it possible to trace the origin of the product down to the raw material used. For this reason, blockchain has also been applied to track organic produce supply chains.

The boon of the Internet of Things and smart objects means that blockchain technology can be extended to process data and manage smart contracts between individuals and their smart devices or even smart homes. Imagine a world where your refrigerator automatically orders eggs when it senses you are running low based on your egg eating habits. This world will be facilitated by a smart contract run on Blockchain technology embedded in an IoT device.

CONCLUSION

While the first blockchain was created for Bitcoin, applications for blockchain are constantly being implemented across industries. As Harvard Business Review smartly points out, the question in most industries is not whether blockchain will influence them, but when.

Many different cryptocurrencies are utilizing variations on Blockchain technology in order to process transactions—some of which are doing so in a more efficient manner than Bitcoin. Next week, we’ll explore the top cryptocurrencies on the market right now and which ones your business should accept.

Artificial

The Real Power of Artificial Intelligence

Technological innovations expand the possibilities of our world, but they can also shake-up society in a disorienting manner. Periods of major technological advancement are often marked by alienation. While our generation has seen the boon of the Internet, the path to a new world may be paved with Artificial Intelligence.

WHAT IS ARTIFICIAL INTELLIGENCE

Artificial intelligence is defined as the development of computer systems to perform tasks that normally require human intelligence, including speech recognition, visual perception, and decision-making. As recently as a decade ago, artificial intelligence evoked the image of robots, but AI is software not hardware. For app developers, the modern-day realization of artificial intelligence takes on a more amorphous form. AI is on all of your favorite platforms, matching the names and faces of your friends. It’s planning the playlist when you hit shuffle on Apple Music. It’s curating the best Twitter content from you based on data-driven logic that is often too complex even for the humans who programmed the AI to decipher.

MACHINE LEARNING

Currently, Machine Learning is the primary means of achieving artificial intelligence. Machine Learning is the ability for a machine to continuously improve its performance without humans having to explain exactly how to accomplish all of the tasks it has been given. Web and Software programmers create algorithms capable of recognizing patterns in data imperceptible to the human eye and alter their behavior based on them.

For example, Google’s autonomous cars view the road through a camera that streams the footage to a database that centralizes the information of all cars. In other words, when one car learns something—like an image or a flaw in the system—then all the cars learn it.

For the past 50 years, computer programming has focused on codifying existing knowledge and procedures and embedding them in machines. Now, computers can learn from examples to generate knowledge. Thus, Artificial Intelligence has already permanently disrupted the standard flow of knowledge from human to computer and vice versa.

PERCEPTION AND COGNITION

Machine learning has enabled the two biggest advances in artificial intelligence:  perception and cognition. Perception is the ability to sense, while cognition is the ability to reason. In a machine’s case, perception refers to the ability to detect objects without being explicitly told and cognition refers to the ability to identify patterns to form new knowledge.

Perception allows machines to understand aspects of the world in which they are situated and lays the groundwork for their ability to interact with the world. Advancements in voice recognition have been some of the most useful. In 2007, despite its incredibly limited functionality, Siri was an anomaly that immediately generated comparisons to HAL, the Artificial Intelligence in 2001: A Space Odyssey. 10 years later, the fact that iOS 11 enables Siri to translate French, German, Italian, Mandarin and Spanish is a passing story in our media lifecycle.

Image recognition has also advanced dramatically. Facebook and iOS both can recognize your friends’ faces and help you tag them appropriately. Vision systems (like the ones used in autonomous cars) formerly made a mistake when identifying a pedestrian once in every 30 frames. Today, the same systems err less than once in 30 million frames.

EXPANSION

AI has already made become a staple of mainstream technology products. Across every industry, decision-making executives are looking to capitalize on what AI can do for their business. No doubt whoever answers those questions first will have a major edge on their competitors.

Next week, we will explore the impact of AI on the Digital Marketing industry in the next installment of our blog series on AI.