Internet of Things is a technology to connect devices embedded in various s computing systems to the internet for data exchange. The devices can be managed and controlled remotely when the devices and objects can represent themselves digitally. IoT characteristic of connectivity helps to capture data from multiple platforms or places. This elevated the efficiency of data, ensure higher degree of safety and IoT security.
IoT is a transformational force that can help companies improve performance through IoT analytics and IoT Security to deliver a better and comparatively ideal results. Businesses in utilities, oil & gas, insurance, manufacturing, transportation, infrastructure and retail sectors can reap the competitive advantages of IoT such as making decisions meticulously, aided by the torrent of interactional and transactional data at their disposal.
The Internet of Things is all about connecting ordinary items to the Internet. WOS uses IoT devices to collect the data and store all the data collected on the most reliable technology known as “Blockchain”.
Artificial Intelligence (AI)
AI (artificial intelligence) is the simulation of human intelligence processes by machines, especially computer systems. These processes include learning (the acquisition of information and rules for using the information), reasoning (using the rules to reach approximate or definite conclusions) and self-correction. Particular applications of AI include expert systems, speech recognition and machine vision.
WOS uses AI to analyse data with the aim of finding anomalies, patterns and correlations within large data sets to predict outcomes and provide the most accurate data pattern of a consumer.
Blockchain technology is not a company, nor is it an app, but rather an entirely new way of documenting data on the internet. The information recorded on the blockchain can take on any form, whether it be denoting a transfer of money. The advantages of blockchain as of below:
Distributed Database: Due to the nature of the decentralized digital ledger (blocks), in the worst case that WOS was hacked (despite stringent security procedures and auditing), data would be surely recorded in multiple locations and therefore protect
Transparency: Publishing the smart contracts will enable independent verification of the anonymized customer balances. This can be matched against vaulting provider published data to confirm the accuracy.
Irreversibility of Records: One of the biggest strength of blockchain is that all the records are irreversible. Technically, no one can change any of the record without other realising it, the only way to alter the records is to control more than 50% of the nodes in the network, and within the time periods before the next block is created.
Programmability: By utilising the Ethereum network, we are able to pre-program the smart contract, the network can run by itself, without any third-party interference and prevent any third-party tempering.
Peer-to-Peer Transmission: Our current business activities are based on an online to offline centralized economy where we are the sole owner of the business. While we named ourselves as World of Sharing (WOS) which implied that our business should be implied by a sharing economy, in which that will be our future plan for WOS
We may own much less and share much more.
And if we do, It will all be down to BIG DATA.
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The sharing economy, also known as collaborative consumption or the peer economy, bringing these peer-to-peer interactions online has imbued these interactions with heftier economic impact. Online platforms that allow these users to interact have the capability of tapping into a massive audience.
WOS is creating a community of sharing economy around the globe to understand their lifestyle and behaviour by using THREE CUTTING-EDGE TECHNOLOGIES. When resources are mobilized, every single consumer pays less for what they desire.
Challenges of Big Data
High Operational Cost
Data-related management technologies and architectures require huge resource support.
Lack of Manpower
Multi-faceted talents are needed to cope with the comprehensive control of mathematics, statistics, data analysis and other aspects.
Low Reliability and Quality
Inefficient handling of raw and funneled data sets collected
Numerous trials and fixings are needed to get the required data.
Data being hacked and/or leaked
Overview of WOS Tech
Internet of Things
WOS platform provides a streamlined and efficiency project fundraising solution, which saves time, effort and deliver higher returns to the BIG DATA genration facility developers.
Malaysia's first unmanned clothing rental platform. Smart devices to further enhance the shopping experience.
Sensor can analyze the driver's condition, collect data such as driving records . OBD can also diagnose vehicle performance and analyze driving patterns.
CO + WORKING SPACE
Booking through the online platform. The workspace utilize face recognition, blockchain and IoT to drive devices.
A one-stop solution platform that can beapplied in different industries for reservation, booking and ticket purchase to make our life easier.
Hiring team/Self-funded research and development begins