As organizations continue to adopt IoT technology, ensuring secure access to a private network becomes particularly difficult. Network access control systems, however, protect network data by requiring user authentication and authorization before every request.
These systems also proactively address security breaches, though many also integrate with anti-virus or malware systems that organizations already use.
A predictive maintenance model uses sensors and IoT technology to monitor the condition of equipment and predict when it will need repairs or replacements. This equipment may be anything from personal cars to large factory machines.
The machine learning programs used to run these models tend to take either the regression approach or the classification approach. Regression produces more accurate results but relies on more data; classification best predicts equipment failure within a set time period.
Product performance forecasting predicts future sales volumes—at what price, during which time, and in which market. It enables businesses to make informed decisions in both the short term and the long term. Nowadays, companies rely on machine learning software for product performance forecasting as these programs continuously improve, providing businesses with faster and more reliable estimates all the time.
Property value and mortgage value assessment is the estimation of the future value of a particular asset for purchase, insurance, and more.
Unlike most other purchases, real estate tends to rise in value over time. This rise is influenced by economic and social trends, environmental conditions, and on governmental controls and regulations. These large-scale trends directly affect the general demand for property ownership, the scarcity of property for purchase, the utility of the property for potential owners, and the ease at which property rights can be transferred.
Smart building technology arms a building’s component systems with the ability to communicate with each other and with management. Security systems, plumbing, electricity, waste management, temperature control, and more work exchange data constantly in order to improve the comfort and safety of people living or working inside the buildings.
Smart building technology works for both residential and commercial buildings.
Smart factory technology allows factory sensors to communicate with each other, with employee mobile devices, and with management's software platform. This enables employees to monitor equipment 24/7 and receive immediate alerts whenever there is a problem. The technology also enables the equipment itself to automatically adjust operations in order to keep the factory running smoothly.