Before landing your spaceship at IoT enabled e-commerce land, first, understand what is IoT. IoT or Internet of things is a technology which allows data sharing between connected devices over the internet. When this concept is used for the transaction, it is known as E-commerce.
The first thing comes to mind, Is online shopping is a type of E-commerce? Yes, it is. But how its all started. Let’s have a look….
Back in time: Invention, Innovation or mistake
We are talking about history, how the existence of IoT marked into the real life. A person named Phil Brandenberger of Philadelphia was the first human to use a credit card for shopping. It was about 25 years ago when he wants to buy Sting’s “Ten Summoners’ Tales” which cost him around $12.48.
During that time, the moment was known as “true” E-commerce.
After that time, the technology has grown rapidly and now, if we figure out the statistics of retails, it is rising around 23% per year. The lifestyle of today’s generation depends on online shopping, online friendship through social media, e-business, online games etc. It shows the buzz of online internet things, where converting these connected gadgets into a profitable business is the primary concern of an organization. So, IoT with E-commerce has provided a connected platform to the retailers.
Let’s come to the main agenda of this article, How IoT has brought evolution in the field of E-commerce marketing.
IoT helps e-commerce vendors to maintain the inventory record with the use of IoT enabled sensors. It assists in real-time data gathering and analysis while setting up the new goal to accomplish a task. It captures every critical detail of the product without any human hindrance. IoT reduced those factors which may dissatisfy the consumer such as product availability, product expiry dates, batch Id and many more related aspects by generating a prior notification related to the product. In case of product shortage, IoT informs the administration before stock becomes empty by automatically creating an order.
IoT helps to optimize the overall productivity of e-commerce business. It also reduces the probability for over-stock in the warehouses. IoT sensors monitor numerous factors which may affect the quality of product such as temperature, heat etc. It covers a number of the question as well which are arising in your mind right now such as how the order will reach into the warehouse, what are the inventory levels, pick -up timing etcetera. For instance, if we take an example of Amazon, which is the biggest giant in the e-commerce market, uses IoT installed robots which take care of picking, packing and many other jobs which ensure the effectiveness of the product. Amazon in their warehouses uses drones facility to pick up and deliver products.
The primary concern while buying a product online is its condition which means it shouldn’t be broken, delivery timing and quality. This problem is sorted by the IoT sensors which track the product from the very beginning until it is delivered. In Between the process, through GPS(global positioning system) and RFID(Radio Frequency Identification) tag, it ensures the quality of the product, the shortest route such that package arrives on time, misplacement and many more.
This term Dash button may be new for some of us. It is a device which is an IoT enabled operated on the battery and is used for a domestic purpose to acknowledge the order management. Amazon invented dash buttons, it is full of creativeness and innovation. Only by pressing the button it informs the supplier about the shortage of product and gets it delivered.
IoT helps the retailer to make a different identity in front of your consumer. Through this technology, a retailer enables the consumer to present their views regarding the product. It helps them to improve their product quality which ultimately makes them well-known among customers.
IoT targets your specific customers for personalized advertisement. It recognizes the shopping pattern through online browsing which in result help the business retailer to sell their product to the targeted customer. IoT is used by Walmart to track the popular product on social media.
More to go….
IoT has brought a revolution in the field of digital marketing. In this journey, IoT carries E-commerce to the next level as a partner. There are many success stories available which represent the bonding of IoT and e-commerce. We all have heard about Amazon, Facebook, Alibaba, eBay and many more. The next big question which arises is why they are so much successful? The answer is simple, They use IoT and other advanced technologies such as artificial intelligence, machine learning, big data etc., in such a way as no one thought before. Continuous improvement, creativeness, and customer-centric (3C’s) will be the key factors behind a huge revenue. An enormous amount of data is generated through these platforms every day. These companies leverage the use of machine learning and big data analytics to analyze the collected data for pattern recognition, decision making, prediction and many more useful operations to attract more qualified leads and maintain a prosperous relationship among customers. Hadoop is one such big data analytics framework used for analyzing this information. To become the part of this flow, you can join the Hadoop Training program available over the internet.
IoT had made a significant impact on E-commerce businesses. Its smart gadgets such as sensors, actuators etc., make the businesses to go at the peak concerning capitalization and revenues.
IoT improves the quality management, data hierarchy, tracking, planning, analysis and many other critical factors which play an essential role in organizational success. There are other countless factors as well which help the business retailers and other sectors to grow and earn. IoT will help around 70% of the retailer from all over the world to improve their customer relations which will enhance their image in the market and make them stand and spread globally. It shows that the businesses related to E-commerce will be the future of the digital market.
Now, it depends on us how we use IoT and make best possible profits from the market. Possibilities of innovation with technology is countless. So, use it precisely and efficiently. This article may have given you at least some insight about IoT and E-commerce and how they are related. If not, then read it twice.
The Lock and Key System and Why You Should Choose the High-Tech Version
Locks and bolts are reliable and simple security systems that can be easily installed in homes and in commercial establishments. These systems have been used for thousands of years since the early beginnings of human civilization.
Modern-day security threats, however, have become increasingly sophisticated. Some thieves are highly skilled in opening locks of various forms, including combination type locks. This is why high-tech security systems are necessary for homes and business establishments for better security and protection.
History of the lock and key system
The most ancient lock and the key device were discovered in an archaeological site in Nineveh, the capital of the ancient Assyrian Empire. The Egyptians developed a wooden pin lock device that had the basic mechanisms of modern pin and tumbler metal locks.
The Egyptian pin lock system had a bolt and door fixture, which could be opened using a customized key. The pins within the lock were lifted out drilled holes within the bolt when the key was inserted. This allowed the bolt to move while the key was inserted.
Meanwhile, the oldest type of lock device in Europe is the warded lock. It was the most common lock design in Europe from the Early Medieval to Renaissance period. Purely metal locks were developed in Europe from around the year 870 to year 900. English craftsmen were credited for developing these locks.
Robert Barron perfected the design of the lever tumbler lock in 1778. The lock had a set of lever mechanisms that prevented the movement of the bolt if the key was not inserted. The double-acting lever mechanism required the lever to be lifted to a specific height by a key specifically customized for the lock.
Jeremiah Chubb made significant improvements on the lever tumbler lock starting in 1818. He designed locks that had multiple levers that needed to be precisely aligned to allow the bolt to move. Later designs involved spring-loaded pins that also prevented the bolt from moving. The keyless combination lock is a modification of this design.
High-tech modern locks
Classic lock designs are still used today with some modifications.
Many types of high-tech modern locks are actually a result of the convergence among the mechanical, electronic and digital types. The basic lock and bolt design are maintained but some electronic and digital components have been added. For instance, some high-tech locks require biometric keys like fingerprints to be opened.
High-tech locks can range from small padlocks to complex vault locks or blast door locks. The key components are modified to have multiple authentication requirements. These are also programmable and customizable depending on the user.
One of the simplest forms of electronic lock system is the PIN number system that requires the user to enter a pre-programmed PIN on a keypad. This system is also oftentimes integrated with an alarm system that will be triggered if the PIN is entered incorrectly in three successive attempts.
Electronic locks and alarm systems may also be connected to a phone line that can alert the local police. You may also be alerted via your mobile devices through SMS or the internet.
Here are some of the reasons why you should choose electronic and digital lock systems:
1. Added layers of protection
Using digital lock systems will provide your house or establishment additional protection.
Unlike ordinary mechanical locks that can be opened by skilled lock pickers using simple DIY tools, electronic or digital locks are more sophisticated. They require higher skills and more sophisticated instruments to hack.
If the electronic lock system has an alarm, it would provide another layer of protection that could deter would-be thieves.
A simple 4-digit PIN-enabled lock system has thousands of permutations/combinations, 10,000 possibilities to be exact. Most systems are programmed to allow only a maximum of three attempts before the alarm is activated.
2. Convenience of use
Simple mechanical locks need exact key configurations to be opened. The key to a lock needs to be duplicated to allow other members of a family or an establishment to have access. So if you have multiple doors in your house or workplace, you will need multiple keys and multiple duplicates.
Electronic lock systems may only need one master PIN code that can be memorized by authorized persons. On the other hand, the individual fingerprints of authorized persons can be used as keys. Biometric keys are more convenient than physical keys which can be easily duplicated or lost.
3. Flexibility of access
PIN codes, passwords, and biometric parameters can be programmed into the digital lock and key systems. Multiple users can be granted access without needing to bring physical keys. On the other hand, electronic key cards may also be required for employees to serve as their IDs and monitor their attendance.
Digital lock systems may also be programmed to provide multi-tiered security authorization. For instance, some employees of a bank may only have limited access to the bank vault.
4. Easy integration with other systems
You may easily integrate a digital lock and key system with existing systems. In many instances, you do not even need to remove the standard mechanical locks. Alarms, biometric sensors, cameras, apps, and mobile devices can be connected to electronic or digital locks.
It would be possible to remotely lock or unlock doors using your mobile device even if you are hundreds of kilometers away. Depending on your security provider, you may use a special app for this purpose. This way, you can allow guests to enter your house or establishment even if you have not yet arrived. You may simply need to enter the necessary PIN codes via your mobile smartphone.
5. Long-term cost-effectiveness
Considering the various features and benefits of using an electronic lock and key systems, you will be able to save money in the long run.
One common problem with the purely mechanical lock and key system is losing the key. This can be avoided by eliminating the need for physical keys. You will not need to have multiple duplicates of keys for various rooms in a house or work establishment.
The advantages of using an electronic lock and key system truly outweigh those of older lock and key versions and types. Hence, it is the better choice when it comes to ensuring the safety and security of your home and/or business establishment.
Network Olympus: Why Use It?
IT Staff in Different Offices Can Monitor
If your IT team is spread out through multiple locations, who are responsible for helping monitor the network performance, the remote access enables for the staff in other cities, branches, countries, or offices to check the network performance – even if the software is installed on the headquarters.
This means that if the device is down at a remote location, a network expert can help you troubleshoot the issue without getting involved. And, he doesn’t have to ask you what you’re viewing on your end – he can see updated metrics and network maps himself.
Remain Mobile Without Neglect
Having the ability to access the network remotely means that your team doesn’t have to be on the site constantly. If you have to work from the local coffee shop or home, the remote access allows you to see the device status on your mobile device or laptop.
Mobile network monitoring helps users keep their network data, so they don’t have to risk outages due to lack of access.
Access Levels Are Managed For Better Security
Some network administrators might not like the idea of remote access due to the remote security threats lying behind it. One way to keep the network secure is through encrypted authentication and by making sure each user logs in with the same method.
Another form of protection against security issues is its ability to customize your user access. Most of Network Olympus remote monitoring tools will help you give access to the user or admin level to certain dashboards or maps. Managing the access to your users will help you keep the connection fully secure.
Also, get a tool that will consistently update and give patches to any security holes that surface. Although security threats are common, having good tools to notify your users once a patch has been released. This allows you to take advantage of improved security measures as much as possible.
With The Right Connectivity, You’ll Always Find Access
Network Olympus gives users more access due to its remote capabilities. As long as you’re on the network due to a point to point or VPN connectivity, you’ll be able to utilize and manage the connected devices within the network. Regardless of where they or you are located.
By giving more remote monitoring capabilities for you and your IT team, you’ll have enough flexibility to handle what the modern work world requires. And you can gain peace of mind that no matter where you’re at, you can see the network at a glance, whether it spans from a country, world, or city.
Basically, Network Olympus can be used to help you utilize your network. Not only does it have multiple features to help monitor your goods, but also helps keep your team on track. Thus, try to utilize it so you can keep your IT team running efficiently.
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For-Profit Or Fun: Why Some A Crypto Trading Bot
Wall Street is in an uproar. Papers are flying; curse words are being hurled, financial portfolios are in disarray and have been for the past year because of one word: crypto.
What has happened? What changed?
Well, in the past year, a lot. I’m not talking just the earth-shattering, meteoric rise and fall of bitcoin as a $20,000+ asset that has made billionaires. I’m not talking about the billions in ICO fundraising that has left some in the blockchain in the community very wealthy, nor the assets lost by foolish investors.
I’m talking about the perplexing case of what exactly cryptocurrency can do for the average layman. For those without thousands laying around who got in late or those that were too afraid to take the leap, it begs the question: What is the opportunity that remains?
There is a market for cryptocurrency development services. There is also a market for marketing for blockchain companies. Within cryptocurrency as subject, there are dozens upon dozens of opportunities to still profit even as it falls harder than ever before.
One that has many’s attention is that of the cryptocurrency trading bot.
Much like forex, stocks, and a flurry of other bots that have been developed to isolate and profit from signals that exist in the market, cryptocurrency has proven no different.
Cryptocurrency bots operate on a trading algorithm set by its developer whom should be or is working with a trader. These traders often boast about their profits, and that they have systemized some form of reliability by isolating trends/criteria that lead to profitable trades.
The Market & its Infancy
While there are definitely plenty of bots that are successful, there is one drawback to creating a cryptocurrency bot that trades. The market even with its current fervor is still in its infancy. It is totally new to the manipulations that we have seen happen by governments, social influence, and random freak occurrences.
There are so many factors that tie into pricing that its hard to predict what will make a bot trade successfully. One one hand, a bot that trades based on analyzing or at least compiling news/trend data, and then offering the ability to select what to trade based on could potentially work. The difficulty is in sifting through the fake news and what is actually relevant.
News sources naturally sensationalize, but the problem doesn’t only lie there. Communities like Reddit and telegram are usually far ahead of any development within cryptocurrency.
So unless a bot takes into consideration mentions of particular cryptocurrencies and any words that can help it judge the context, it’d be harder for it to adapt to little more than buying and sell order fluctuations.
Technical analysis is still being worked out, but some have made strides and are certainly profiting regularly, such as Ian Balina and other associates.
That said, a systemized approach of any kind will need to have its kinks worked out, so only time will tell how successful it would be to create a crypto trading bot.