Google's strategic move into selling own branded Mobile phones is another step in the merging of "Software plus Hardware" that Apple, Microsoft, Amazon and recently Facebook have realized at the making of the "Internet of Things" Era. This is the critical issue of not just providing the software and operating system but increasing the value in the devices that become the Interface to the Customer: the smart phone, the smart tablet/laptop of Microsoft Surface, the Smart Speaker of Amazon Echo and Alexa, and the Facebook Oculus Rift and Microsoft Hololens that are the new foundations of Natural Language speech recognition services and the VR Virtual Reality and AR Augmented Reality breaking now and into 2017 and onward. Google's long-term market is changing, the advertising revenue from search engines while still strong is now seeing new ways to search via speech or Virtual image recognition and virtual interaction Google has been late to realizing perhaps the shift to software hardware is where the Internet of Things may be shaping the market with the Connected Home, Connected Car and Connected Work through these devices. It's all about "market marking" beyond just the big cloud data centers and big data analytics to how to build out the edge of the cloud network with all these potentially billions of connected sensors and devices. If the Mobile phone is becoming the "remote control to this world" and platforms the "fabric of social networks and connected experiences" then Google like others is rushing to get into this space with stronger software and hardware offerings
With so many industries seeing the potential for artificial intelligence (AI) applications come to fruition, we will need highly trained workers to fill what is likely to be a rising demand for such skills. In fact, the number of LinkedIn members adding these skills to their profiles saw a 190 percent increase between 2015 and 2017. Software and IT services saw incredible growth in the past two years, but education, hardware and networking, finance, and manufacturing saw increases as well. In fact, AI is one of the top four specific technological advances (along with ubiquitous high-speed mobile internet, widespread adoption of big data analytics, and cloud technology) set to positively affect business in the 2018-2022 period. Machine learning and augmented and virtual reality are poised to likewise receive considerable business investment.
Even in its nascent form today, IoT is changing the way we interact with our physical environment and how we learn from it too. Besides bringing us Internet-enabled light bulbs and self-driving cars, the IoT will bring to the physical world the kind of behavioral modeling and analytics that have been embedded in the digital world for years. Businesses are already able to apply lessons from the data they gather from IoT-enabled sensors to their own operations, and early adopters stand to reap rewards from this data approach, using it to guide development of next-generation consumer devices and even open up entirely new market segments. Analysts predict there will be somewhere between 20 billion and 30 billion digitally connected devices by 2020, equating to a multi-trillion-dollar economic impact. Fueling much of that growth will be data--so much, in fact, that the torrent of data generated by the IoT will make big data look like a trickle in comparison.
As an industrial automation and information company, Avid Solutions would like to respond to the allegations of unpreparedness for the Industrial Internet of Things (IIoT) in a recent Automation World column from Stephanie Neil, "The IIoT Integrators Are Coming." In particular, we would like to refute the statement that industrial control system integrators as a whole "are not particularly IIoT-savvy." This might be true for other system integrators, but this certainly is not true for Avid Solutions. Our company has a dedicated team focused on smart manufacturing solutions that include smart connected products, cloud solutions, Big Data and machine learning. We are gearing up to fully support this industry as our customers demand the solutions.
Computing was some pretty exciting stuff for those of us back in the 80s who still remember the first time we booted up our 386DX. While nobody could really say what the advantages of the "DX" were, better at math or something, we still ponied up the extra $200 USD to pick up that 386DX 16Mhz along with a Super VGA graphics card, then hooked that bad boy up to CompuServe via our lightning fast 14,400 baud U.S. Robotics "Sportster" modem. That was well before Al Gore created the Internet, and a lot has changed since then. So are we, so let's go through and define some of these terms and what they mean for investors. "The Cloud" – The idea here is that instead of purchasing applications then installing them onto a computer, you lease the applications on demand and access them over the internet.