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For example, a Deloitte report states that by implementing an IIOT solution integrating data from multiple internal and external sources (such as work management system, control center, pipeline attributes, risk scores, inline inspection findings, planned assessments, and leak history), thousands of miles of pipes can be monitored in real-time.
The PSA Certified program seeks to address and reduce fragmentation in the IoT product manufacturing and development sectors. It supports the creation of system-on-chips (SoCs) that incorporate a PSA Root of Trust (PSA-RoT), a security component accessible to software platforms and original equipment manufacturers (OEMs).
As the rapid development of IoT technology, more and more industries will be equipped with sensors and monitors. The emergence of modern manufacturing changes the appearances of factories. IoT system helps managers to monitor and control the production process by collecting, tracking and transferring data. Data is powerful.
In this application space, these IoT devices are both interconnected via converged technology edge IoT platforms and or via "cloud" based applications. Embedded Systems are also included in the sphere of operational technology (e.g. smart instrumentation), along with a large subset of scientific data acquisition, control, and computing devices.
Example of risk assessment: A NASA model showing areas at high risk from impact for the International Space Station. Risk management is the identification, evaluation, and prioritization of risks, [1] followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. [2]
IoT intelligence can be offered at three levels: IoT devices, Edge/Fog nodes, and cloud computing. [135] The need for intelligent control and decision at each level depends on the time sensitiveness of the IoT application. For example, an autonomous vehicle's camera needs to make real-time obstacle detection to avoid an accident. This fast ...
Wearables can for example monitor heart-related metrics, location-based systems like security technologies, or smart thermostats can generate important data of your house. They can use this information to improve risk assessment and risk management, reduce asymmetric information, and ultimately reduce costs.
Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events. [1] [2] The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences. [1] [3]
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