April 15, 2024

Technopreneurship: A vision of edge computing by IoT-based startups

Curiosity: Entrepreneurship has been the fundamental center for the development of economic activities responsible for wealth creation, job creation and economic development. In a world characterized by a volatile, uncertain, complex and ambiguous business environment, Covid19 accelerated new technology-based companies. This was the result of creating a lean startup that planned to distance itself, exploit synergy in an online world, while optimizing resources and capabilities. The period witnessed the emergence of tech-savvy entrepreneurs and CEOs, thus taking advantage of technological innovation. The world witnessed how these budding new-age technopreneurs and CEOs implemented an efficient start-up approach, capitalizing and exploiting business creation opportunities. Mr. CEO, are you catching up?

Here emerged an entry for acceleration areas in artificial intelligence and edge computing that became one of the buzzwords as an intrinsic combination. The author found this creative combination integrated into a third-level technological combination called the Internet of Things (IoT). Fascinated by its rapid emergence and adaptability, the curiosity was to explore the domain of technopreneurship, the foresight of edge computing by IoT-based startups.

The uniqueness of this combination has been able to generate viable businesses, implementing IoT at different levels. It has been disruptive in nature, while startups have been able to further develop the application program interface (API). This has resulted in the creation of unified systems that are applicable to most sectors involving activities such as smart car license plate management, smart ID cards, biometrics, voice recognition, video streams, smart sensors, simulation , autonomous robots, nanotechnology, drones and many others. . How prepared are you as a forward-thinking entrepreneur?

Trip

As we enter the digital age and accelerate the revolutionary progress made by artificial intelligence, we are witnessing the immense contribution this technology is making to human lives. Around the world, the CEO agenda is reinforcing the wave, compared to what electricity contributed to human growth, artificial intelligence will too! At the same time, few intellectuals are of the opinion that this advancement and application by technopreneurs can pose a threat to humans and, at the same time, few are of the opinion that it is about to transform most areas, be it business quality, analytics , etc. These technologies are likely to impact Chatbots after the initial success of Google Assistant (GA), Microsoft Cortana (MC), Amazon Alexa (AA), Apple Siri (AS), and Samsung Bixby. Without a doubt, this has added and made the service environment more flexible. This is the new age industrial revolution on a very high scale. Look around and stealth your observation base for strong and weak signals.

So what does IoT do? Interestingly, in the digital world we live in, we can witness the eye of the machine in the form of an ‘IoT’ camera. They capture and transmit video signals to a cloud-based server. The collected videos are further processed on the cloud server by motion detection software. There is a significant load on the server involved in managing, storing and transferring clips at a contemporary pace. This is where intelligent systems come into play. New-age edge computing handles difficult permutations and combinations for sensor calculations. Therefore, the capture cameras can use the internal computer to implement and use the motion detection software tool and revert the video to the cloud according to the requirements. Thus, the intelligent system helps in managing the cloud server, storing the main footage without succumbing to overload.

Genesis

If we do a little mining and remember, in the initial stages, computers, as heavy machines, were interconnected in the form of servers, perhaps called local servers. These internal servers were called “data centers” and provided an intermittent flow of storage data. These local systems were connected through a local area network. For the common man’s understanding, computing took place at the edge of the network within the local area network. In today’s language, all computers, processors, IoT devices, routers, and LANs are generally considered an edge, which is geographically connected through the Internet to establish communication over a large area through cloud servers. These cloud servers are considered a data collection repository that can be evaluated and managed remotely over a seamless Internet that demands high bandwidth and incurs a large fixed cost. At this point, new companies have emerged that have ventured into edge computing, minimizing data transfer and its latency. At the same time, the challenge of keeping data centralized. Currently, according to technology estimates, the computing advantage is much faster compared to cloud computing.

In this volatile, uncertain, complex and ambiguous business environment, especially during the Covid-19 pandemic, the digital revolution was tested and reached its lowest point. Technological entrepreneurship experienced a sharp increase and entrepreneurs in the technological field exploited their synergies by contemplating problems with visible opportunities. Those who had foresight began to take advantage of this natural flood of opportunities, while others succumbed. New age entrepreneurs saw immense demand and its application in government institutions, academia, corporate world, etc., those who had very huge daily data handling in terms of video stream management, voice recognition and implementation of smart car license plates. , using smart identity cards, biometrics, autonomous robots, smart sensors, simulation, nanotechnology, drones, etc. This has been a disruption for these IoT-based startups offering models that will reshape the industry. Mr. CEO, do you know?

We strive in areas that IoT-based startups likely see as application outlets for edge computing. Airports (traffic) need continuous monitoring for security threats. Includes thermal scanning, disinfection and passport database mapping. Management of government buildings, RTO, passport office, ministries, public transport offices, army offices, which must be protected. Universities and educational institutions need to track student attendance, etc. Railway stations are very similar to airports and where there is mass and rapid transportation. Hospitals and commercial complexes are also under the scanner. Established shopping malls and hotels have taken the initiative to obtain important data on foot drops, although the integrity of the data is now a burning issue. Similarly, housing societies, supermarkets, cinemas and even drone surveillance have started integrating this technology. The list of applications increases every day and technopreneurs are exploiting these market-based opportunities through their forward thinking, their ability to visualize the future. We are about to witness an explosion of technopreneurship-based startups, led by new-age entrepreneurs who are forward-thinking in integrating edge computing with IoT. The future is much broader, let’s witness this transition.


Written by Dr. Manoj Joshi.

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