From Prediction to Action: The Many Gamstop Applications of the IoT

Gamstop applications of the IoT are essential to learning in 2022

From smart cities and wearables to healthcare and industry: the Internet of Things or IoT has conquered many domains in recent years. The basis is quite simple: by capturing information such as temperature, location, vibrations, etc. from 'smart' devices or sensors, new insights are created, which in turn can lead to useful actions. Also in production environments, the possibilities are almost endless.

The gaming industry is one of the industries most likely to benefit from new technologies, especially the Internet of Things. For gaming companies and Internet casinos, the Internet of Things can overlap with other technologies such as artificial intelligence, virtual reality, augmented reality, and big data. Additionally, these technologies will help gaming companies comply with legal requirements. For example, many avant-garde gamstop online casinos are now using chatbot technology to receive users' messages and solve problems they may encounter, and the Internet of Things is a technology that has received great attention in recent years and has found its place in many industries related to virtual gambling such as currency trading and mining cryptocurrency. In fact, this technology has evolved from a theoretical thing into a system that has a tremendous impact on many industries.

According to studies, the number of devices supporting the Internet of Things technology is expected to reach 41 billion devices in 2027. This number can include smartphones, computers, watches, cameras, and other smart devices. Moreover, various car manufacturers have invested more than $100 billion in IoT technology.

Great, isn't it? But what exactly is the Internet of Things, and how can this technology be used in the online gambling industry?

IoT on the production floor

An Industrial IoT platform (IIoT platform) bridges the gap between OT (operational technology) and IT (information technology) on the production floor. The platform consists of hardware components, such as sensors and edge devices, and software components.

IIoT platforms are agile: that is, they can be deployed immediately and expanded further later. In addition, they are configurable and allow different workloads.

What can IIoT do for you?

IIoT platforms, and the insights they generate from data, allow you to make rapid progress on several fronts:

• Support operators and frontline workers with easy-to-use apps that provide visibility into parts status and location so they can plan dynamically.
• Improve the customer experience through personalized production and meet the demand for higher traceability.
• Break the walls between OT and IT once and for all and create a true 'agile factory'.
• Strengthen supply chain thanks to new insights and accurate predictions based on (real-time) data.
• Take full advantage of innovation, both with regard to new products and (digital) services.

IIoT as a springboard to the factory of the future

You do not build the factory of the future overnight. There are different phases: from connecting all separate data sources and embracing predictive analytics to fully cognitively optimizing all processes. Each of those phases requires an increasing level of data and digital maturity.

Fortunately, you do not have to go through those phases in one go. In fact, a phased approach is highly recommended. Some tips and best practices:

• Start with a pilot project that immediately generates value. Keep it small and simple, and pick a challenge that everyone struggles with. This way you immediately experience what IIoT can mean.
• Work agile. This approach not only allows you to invest gradually but also ensures that you learn from the first experiences.

1. Think about the architecture from the start. Is it safe? Scalable? Trustworthy? Future proof? Important: avoid vendor lock-in, where you become dependent on one provider for all further extensions and support.

Cloud and IIoT: the (Azure) sky is the limit!

At OQuila, we fully embrace the cloud in our IIoT solutions. Why? Because we firmly believe that the cloud is the only way to be future-oriented as a production company. For example, cloud technology offers the flexibility and speed needed to meet rising customer expectations and a rapidly changing world.

Investing in a cloud platform is, therefore, more than a technological decision: it is a business strategy. That is why we at OQuila resolutely opt for Microsoft Azure. This proven technology meets all security and compliance requirements and offers flexibility, scalability, and performance that no on-premise solution can match.

Manufacturing Execution System vs. IIoT

Before IoT, there was the Manufacturing Execution System (MES) to optimize the coordination and execution of production environments. Over time, however, MES solutions have evolved into complex, monolithic systems, which are often extremely expensive to purchase and maintain.

Although an IIoT solution is functionally similar to an MES, the approach is fundamentally different. For example, with IIoT there is no 'one-size-fits-all' central system, but a collection of services, each of which takes on a specific task. Together, these services form a whole that is greater than the sum of its parts. In addition, each service can be individually customized – resulting in lower costs – and IIoT systems adopt an agile approach – which ensures faster time-to-value.

Are you considering purchasing a KNIFE? Be sure to check whether IIoT is better suited to the specific needs, challenges, and objectives of your company. And even if you already have an MES in use, a parallel IIoT system can offer many benefits in the long term.

How is IoT applied to online gambling?

There are five industries most likely to depend on IoT technology, in whole or in part, and they are:

• Manufacturing
• Transportation
• Utilities
• Consumer electronics and cars
• Healthcare
• Gaming industry

Although it has not yet been used in the online casino industry, this technology is expected to enter the industry soon. IoT technology can allow players to play with other players in a real non gamstop casino, or connect users who are playing remotely in one virtual location. In the era of COVID-19 and its future offspring, this technology will have particularly prominent potential!

Moreover, the use of this technology can also be reflected in the data analysis as it will accurately analyze the data collected from individual players allowing them a greater level of customization. Players can also roll the reels or bet on their favourite sports while they cook dinner or do their laundry using the same smartphone. By the way, the smartphone plays the role of a maestro in the uses of the Internet of Things. Game highlights can also be viewed via the voice personal assistant, and payments and withdrawals can be made via voice commands!