By: Vishal Barapatre, Group CTO and Co-Founder, In2IT Technologies
In order to derive Machine-to-Machine (M2M) based IT solutions for businesses, it becomes imperative for enterprises to stay up to the mark with evolving advancements in technology. At present, machine learning, artificial intelligence, big data analytics, hybrid cloud and Internet of Things, among others have together made it possible for enterprises to increase operational productivity and efficiency while minimizing cost production.
According to a recent market research report by Markets and Markets, global Machine-to-Machine (M2M) Connections Market is expected to reach $35.16 Billion by 2020, at a CAGR of 11.57%, that itself shows positive signs for Indian economic growth. Moreover, the global M2M industry size is expected to grow to around 200 billion U.S. dollars in revenue by 2020, according to Strategy Analytics.
Reliable and efficient solutions
With developments in technology infrastructure, talented manpower base of enterprises has become more empowered as it increases the efficiency and performance of employees at work to a huge extent. Data Analytics and Data Science have paved new ways to analysing structured and unstructured forms of big data while providing statistics and useful information after examining data and deriving conclusions from the same with the help of advanced analytics software and systems.
Machine-to-Machine solutions are highly reliable and agile in terms of accuracy and speed, as it supports interconnection and communication between different machines and devices, and also between machines and manpower.
Drives innovation at workplace
M2M technologies are developing automation, business intelligence and intelligent data intensive applications and thus provide best enterprise-class solutions. Machine learning and AI solutions can automate many tasks that enable HR leaders and managers to leverage the prowess of big data in business operations. It further creates an environment at workplace which promotes creativity to drive innovation while ensuring rapid delivery of high quality services to the customers. Moreover, creating such kind of environment is very beneficial as it allows enterprises to look at enhanced operational efficiency while ensuring safety across all platforms. The idea is to eliminate the repetitive tasks, and consequently allow the talented manpower to focus on more stimulating, specialized and demanding qualitative tasks, thus enabling them to apply their skills and knowledge to the task at hand.
The IoT revolves around increased machine-to-machine communication. At present, business leaders streamline their operations while leveraging automated tools and solutions that are propelling new levels of intelligence. This is the reason why the demands of a machine-to-machine (M2M) environment are increasing rapidly as it accelerates industry innovation.
Enables faster decision making process
During the past few years, Indian economy has witnessed a remarkable transition as we are moving from digitization to digitalization by leveraging digitized data and processes. M2M technologies further provide highly automated solutions for businesses that enables a faster decision making process at all levels and streamlined business models.
Machine Learning is used to create flexible multi-dimensional decision processes, and alert to attacker behaviors and rare cyber-attacks. The time is here to create a digital workplace with highly skilled technical workforce and best technology infrastructure while moving beyond boundaries.