IoT for an intuitive, Cashless economy 物联网是一种直觉，无现金的经济体

Communication is the life support for IoT devices. As these smart devices communicate between each other, they can make contextual decisions for the users, based on their own learning. Contextual decisions with financial terms are in best interest of the transacting user

Internet of Things, fondly called IoT, is the word of mouth of every technology evangelist these days. IoT is typically a maze of “smart” devices which are independently connected to the internet as well as with each by means of this IoT network. These smart devices may include Alarm clocks, refrigerators, fitness trackers, home security solutions and even wearable tattoos for  controlling mobile devices – anything and everything which can hook up to a network and communicate with other devices.
The Universe of Connected Devices to Rise Hugely This communication is the life support equipment for IoT – as these smart devices barter data from others to provide contextual and insightful solutions for the users. While a Gartner Report forecasts that the number of devices aligned with IoT will increase to 26 billion by 2020, adding a global economic value of nearly $1.9 trillion, IDC stands on a more optimistic side by estimating that the “Universe of Things” will lead to sales of $9 trillion worth of intelligent devices.
Contextual ad Efficient Machine Data Necessary for Modern Banking Businesses The recent stroke of demonetization, which has impacted Indians greatly (although in some instance gravely) has spurred the inclination towards cashless modes of payment, an adoption which is likely to contribute to the growth of IoT in the financial sector. IoT-enabled transactions have higher efficiency and take place at warp speed. This translates to better collection and contextualization of user data, better transactions directly online or using mobile devices.
Machine-to-Machine interactions in IoT-empowered devices allow collection and transfer of large volumes of user-specific information using various sensors, which will also enable banks and financial institutions to track behaviour and expectations of consumers. Subsequently, this will leverage a personalized support experience to the customers, with insightful and contextual advice.

Banks can also use this contextual information for creation of intuitive customer rewards and opportunities for cross-selling.

IoT in Finance Inviting Global IT Leaders
IT enterprises are lunging with full force. Samsung has initiated partnerships with the likes of Bank of America and U.S. Bank to enable integration of their new Iris scanner into banking apps on mobile. Google seems to be developing an Operating System for IoT ecosystems, while Microsoft is focusing on developments in the area of Cloud. IBM is engaged in almost everything and recently made news by developing Hyperledger, an open-source protocol for blockchain.
Predictive Analysis and Information of Connected Devices Capable of Making Decisions in Best Interest
What this means for consumers is that they can use this learning from Banks to receive highest returns on their investments as well as enable instant, intuitive and automated decision of finances. Val Srinivas, Banking & Securities Research Leader, Deloitte Services LP used his blog post to illustrate an example. Take for instance that your investment account reads and processes data from multiple devices in your personal space, including (let’s say) a heart-rate monitor. In the event of any health calamity or risk, your account may rebalance to reduce your downside exposure or transfer funds into more liquid holdings to facilitate the requirement of cash. This is very much possible using today’s technology.

Cyberthreats to become smarter and difficult to isolate
Besides painting a harmonious picture of the consumer data, the IoT devices will need to be backed by strong cybersecurity infrastructure. Resilience comes as a challenge as Enterprises are likely to be less confident in terms of security in the coming year and cyber threats will become more intelligent, and difficult to detect and isolate. Extra layers of security will be required to deal with vulnerability, irrespective of whether the user data is on the network or the cloud. But, despite security concerns, analytics companies like Capgemini are in favour of a positive impact of IoT on our financial engagements, especially benefiting investment, insurance, and healthcare sectors.

通信是物联网设备的生命支持。当这些智能设备彼此之间进行通信时，他们可以基于他们自己的学习为用户做出上下文决策。具有财务条款的上下文决策符合交易用户的最佳利益

如今，物联网（IoT）被称为物联网（IoT），是每一位技术传播者的口口相传。物联网通常是“智能”设备的迷宫，它们通过该物联网网络独立连接到互联网以及每个设备。这些智能设备可能包括闹钟，冰箱，健身追踪器，家庭安全解决方案甚至可穿戴的纹身，用于控制移动设备 - 任何可以连接到网络并与其他设备通信的东西。
连接设备的宇宙崛起巨大这种通信是物联网的生命支持设备 - 因为这些智能设备可以交换来自其他设备的数据，为用户提供上下文和富有洞察力的解决方案。虽然Gartner报告预测到2020年与物联网保持一致的设备数量将增加到260亿，增加近1.9万亿美元的全球经济价值，IDC通过估计“物联网”将导致更加乐观的一面销售价值9万亿美元的智能设备。
现代银行业务所需的上下文广告高效机器数据最近中断了对印度人的影响很大（虽然在某些情况下严重影响）推动了无现金支付模式的倾向，这种采用可能有助于物联网的发展在金融部门。启用物联网的交易具有更高的效率并且以经线速度发生。这转化为更好的用户数据收集和背景化，更好的直接在线交易或使用移动设备。
物联网授权设备中的机器到机器交互允许使用各种传感器收集和传输大量用户特定信息，这也将使银行和金融机构能够跟踪消费者的行为和期望。随后，这将通过富有洞察力和背景的建议，为客户提供个性化的支持体验。

银行还可以使用此上下文信息来创建直观的客户奖励和交叉销售机会。

金融中的物联网邀请全球IT领导者
IT企业正在全力以赴。三星已经与美国银行和美国银行等公司建立了合作伙伴关系，以便将新的Iris扫描仪集成到移动银行应用程序中。谷歌似乎正在开发物联网生态系统的操作系统，而微软则专注于云领域的发展。 IBM通过开发Hyperledger（一种区块链的开源协议）从事几乎所有事情并最近发布了新闻。

能够做出最佳利益决策的连接设备的预测分析和信息
这对消费者来说意味着他们可以利用银行的这种学习来获得最高的投资回报，并实现即时，直观和自动化的财务决策。 Deloitte Services LP的银行和证券研究负责人Val Srinivas用他的博客文章来举例说明。例如，您的投资账户从您的个人空间中的多个设备读取和处理数据，包括（比方说）心率监视器。如果发生任何健康问题或风险，您的账户可能会重新平衡，以减少您的下行风险或将资金转移到更多流动资产中，以方便现金需求。使用当今的技术非常有可能。

网络威胁变得更聪明，更难以隔离除了描绘消费者数据的和谐画面外，物联网设备还需要强大的网络安全基础设施支持。弹性带来了挑战，因为企业在未来一年的安全性方面可能不那么自信，网络威胁将变得更加智能，难以检测和隔离。无论用户数据是在网络还是云上，都需要额外的安全层来处理漏洞。但是，尽管存在安全问题，像Capgemini这样的分析公司仍然赞成物联网对我们的金融业务的积极影响，特别是对投资，保险和医疗保健行业的好处。