Insurance Benefits For Smart Home Technology: European Trends

Insurance Benefits For Smart Home Technology: European Trends – The future Internet of Things and edge computing can revolutionize the way production and processes are organized and monitored in strategic value chains.

Along with artificial intelligence (AI) and big data, the Internet of Things (IoT) is at the heart of the digitization of the global economy. Data collected from sensors can be tracked and sent back for immediate action, information or response to another connected object hundreds of miles away. As processing moves to the edge, we can avoid unnecessary communication and storage costs while applying machine learning and artificial intelligence to identify data patterns that affect physical or business processes.

Insurance Benefits For Smart Home Technology: European Trends

Given the exponential growth of connected devices and systems, data processing and analytics are driving the digitization of our economy, society and environment. As devices become increasingly intelligent to collect data, process and communicate information, and enable real-time operations, the IoT is at the heart of this digital transformation, combining devices, data, computing power and connectivity.

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IoT creates a smart environment using digital technologies to optimize our lives. By 2025, more than 41 billion IoT (International Data Corporation) devices are expected to be deployed. This will lead to exponential data growth and push computing and data analysis to the edge.

Edge computing is based on multi-layered technology that enables control and automation of connected IoT devices. It is a logical evolution of the dominant cloud computing model that avoids transferring mission-critical data to the cloud, supporting resiliency, real-time operation and security, privacy and protection. At the same time, it reduces energy consumption and our CO2 footprint. In edge computing, processing moves from a centralized point closer to (or even to) the IoT device itself: the “edge” or periphery of the network.

Next-generation IoT research, innovation and deployment will require powerful edge computing power to support Europe’s digital autonomy in future ICT systems. This will be achieved by creating a computing continuum – from a cluster of remote devices to the cloud – and involves the development of a smart platform with the participation of major European players.

In September 2020, the Next Generation Internet of Things (NGIOT) project held a cloud-to-edge IoT workshop to discuss the next-generation IoT strategy, which addressed the technological challenges and competitive implications for European stakeholders in light of their role. in the data economy.

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In March 2021, the Commission’s Fireside Chat workshop brought together a small number of experts from sectors such as aviation, agriculture, automotive, construction, home and industrial automation to develop a European strategy for the future of IoT and edge computing with a market window of over 5 years

There was general agreement, even among competitors, about the need for IoT and edge computing platforms and robust orchestration mechanisms to support the next phase of digitization. Industry players welcomed the Commission’s initiative to support research activities within Horizon Europe, combining joint activities on key digital technologies and smart networks and services; Partnership in Artificial Intelligence, Data and Robotics; and implementation-driven initiatives in industry-specific data rooms and cloud frontier aggregation.

In April 2021, following the Fireside Chat, the NGIoT & Edge Computing Strategy Forum, organized by the Commission together with the EU-IoT project, brought together technology experts from different digital and vertical fields to exchange views on priorities, challenges and opportunities ahead.

The forum also formulated a common strategic vision for the next generation of IoT and (remote) edge computing in Europe. It welcomed more than 30 speakers and 300 attendees across 14 plenary sessions on ecosystems and system alliances, integration platforms, reliability and visionary concepts, sparking insightful discussions throughout the event.

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Horizon Europe: Building on the success of Horizon 2020, Horizon Europe will allocate more than 150 million euros to research and innovation in 2021-22 “Leading Global Data and Computing: Cloud to Edge to IoT for European Data”, and supports the trend of the advantage in the development and implementation of components Next generation computer, systems and platforms. This will enable the transition to the high power computing continuum at the far frontier in an energy efficient and reliable manner.

Under Horizon Europe Cluster 4 Destination 3, the Commission has selected a group of next-generation meta-operating systems projects to deliver value in key industrial and social applications such as buildings, automotive, agriculture and energy, all of which will require more computing power. The advantage in the near future receives 64 million euros in EU funding and aims to build a European IoT and peripheral ecosystem, 6 research and innovation activities – ICOS, FluiDOS, NEMO, NebulOus, eros and NEPHELE – and 3 coordination and support activities – OpenContinuum, Unlock-CEI and HiPEAC will support the emergence of such an open ecosystem by publishing open calls on the new web portal, specifically targeting mid-sized companies, SMEs and start-ups. The cluster was announced at the Future European Platforms for IoT and Edge meeting at Dublin IoT Week in June 2022. The cluster will launch on September 1, while Unlock-CEI and HiPEAC will launch on June 1 and December 1 respectively.

In other program areas, such as Cluster 2: Culture, Creativity and an Inclusive Society, IoT is seen as an important enabler to achieve the UN’s Sustainable Development Goals and the European Green Deal’s goals. For example, industrial digitization opens up opportunities for remote monitoring of air and water pollution, optimization of The use of energy and natural resources, and how responsible actions are carried out in the aforementioned vertical sectors.

Digital Europe: In addition to Horizon Europe, the Commission’s Digital Europe program (DIGITAL) will provide data and cloud services to businesses, citizens and public administrators in the EU with the aim of creating a common European data space in different vertical sectors such as agriculture, mobility and energy, which is complemented by a reliable cloud infrastructure and energy efficient. In April 2021, the Open DEI project published a position paper highlighting the importance of such data spaces for creating the future data economy through sovereign data exchange not only within, but also across sectors.

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DIGITAL will also maintain existing Artificial Intelligence Test and Experiment Facilities (TEFs) in areas such as health and mobility and subsidize European Digital Innovation Hubs to accelerate the digitization of SMEs and help European companies become more competitive in the digital age.

These new initiatives build on the successes of Horizon 2020. The Digitization of European Industry (DEI) prioritizes ecosystem building, platform interoperability, technology integration, standardization and validation through large-scale pilot projects and TEFs. It focuses on the following key sectors: agriculture, energy, manufacturing, mobility, healthcare and intelligent companies.

The EU supports the development of the industrial IoT platforms needed to integrate key digital technologies into real applications, processes, products and services. As an addition to the various political initiatives, the Commission allocated approximately DKK 400 million. EUR through its Horizon 2020 program to build platforms and large-scale piloting in the specific DEI area. Some of these projects have already been completed or are nearing completion, while others have just started and will continue until 2023.

The Alliance for IoT and Edge Computing Innovation (AIOTI) was initiated by the Commission to support the creation of an industry-led European IoT ecosystem. To better understand this ecosystem, a June 2019 study explored the landscape of physical and virtual clusters of companies, research organizations, and academics working to develop and commercialize IoT technologies and applications.

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The Advanced Research and Technology Association for the Embedded Intelligent Systems Industry (ARTEMIS-IA) represents the European industry members, SMEs, universities and research institutes in the Electronic Components & Systems for European Leadership Joint Undertaking (ECSEL-JU). ARTEMIS-IA promotes the research and innovation interests of its members to the Commission as well as to the governments of the participating countries.

Today, the Commission welcomes the delivery of two key deliverables by Alliance members: the updated Cloud Edge Industrial Strategic Roadmap and the Cloud Platform Requirements for the Aerospace, Security and Defense sector.

The Commission welcomes the political agreement reached this week between the European Parliament and the Council of the European Union on the European data protection law proposed by the Commission in February 2022.

Landscape report on energy and flexibility data modeling and interactions between the energy, mobility and building sectors

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This report provides a brief overview of current interoperability and data exchange standards that accelerate optimal system integration of cost-effective distributed renewable energy sources.

The EU is actively working with industry, organizations and academia to exploit the potential of the Internet of Things in Europe and beyond.

The Commission has signed several large-scale innovation pilot projects to promote the digitization of industry, including the health sector.

In recent years, the Commission has launched several large-scale pilot projects (LSPs) to promote the digitization of industry in Europe and abroad.

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The EU’s political agenda for the Digital Decade sets our digital transformation target of 10,000 climate neutral nodes as one goal. This means that the cloud, the edge and the Internet of Things play a big role.

Research on Internet of Things (IoT) clusters in Europe provides more insight

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