Global IoT spending to break $1 trillion by 2023 – fuelled by solid consumer and commercial adoption

IDC’s latest Worldwide Semiannual Internet of Things (IoT) Spending Guide predicts the global spending on the IoT will surpass the $1 trillion (£790bn) mark in 2022 and will reach $1.1 trillion (£869b) in 2023, at a CAGR of 12.6% on a year-over-year basis.

Carrie MacGillivray, group VP of IoT, 5G, and mobility at IDC, said: “Spending on IoT deployments continues with good momentum and is...

By IoT News, 14 June 2019, 0 comments. Categories: Data & Analytics, Development, IoT.

Survey: Most consumers view IoT as the “wave of the future” - albeit with security fears

US-based Metova has announced the results of its second annual survey explaining latest consumer trends and the sentiment of more than 1,000 consumers on IoT and connected home technologies – with many viewing it as the ‘wave of the future’ but having concerns over privacy and connected devices.

Among the surveyed consumers, less than 25% of respondents thought that they have a better understanding of the...

By IoT News, 13 June 2019, 0 comments. Categories: Data & Analytics, IoT, Security.

Why the enterprise IoT journey is a long and complex one – and how LoRaWAN fits into it

Let’s get one thing clear straight away: building up the Internet of Things (IoT) in the enterprise is complicated. It simply has to be a long, complex journey if one is to ever get it right, from a connectivity and a cultural perspective.

Jaap Groot (left), vice chair of the LoRa Alliance in Europe, has had enough experience in the industry to spot...

By James Bourne, 12 June 2019, 0 comments. Categories: Data & Analytics, Enterprise, IoT, Standards.

Seven things you need to know about IIoT in manufacturing – and its powerful influence

  • Global spending on IIoT platforms for manufacturing is predicted to grow from $1.67 billion in 2018 to $12.44bn in 2024, attaining a 40% compound annual growth rate (CAGR) in seven years
  • IIoT platforms are beginning to replace MES and related applications, including production maintenance, quality, and inventory management, which are a mix of information technology (IT) and operations technology (OT) technologies
  • Connected IoT technologies are enabling a new era of smart, connected products that often expand on the long-proven platforms of everyday products.

By Louis Columbus, 10 June 2019, 0 comments. Categories: Data & Analytics, Enterprise, IIoT, IoT, Manufacturing.

World Economic Forum launches global councils across IoT, blockchain, AI and more to ‘restore trust’ in tech

The World Economic Forum (WEF) has launched six Global Fourth Industrial Revolution Councils to help policymakers and businesses strike the right balance between enabling emerging technologies and effectively alleviating social risks in order to benefit the society.

The Councils - which will bring more than 200 leaders together from the public and private sectors, civil society and academia from across the world - will cover...

By IoT News, 04 June 2019, 0 comments. Categories: AI, Data & Analytics, IoT, Standards.

Why Industry 4.0's potential needs to be proven on the shop floor

  • 99% of mid-market manufacturing executives are familiar with Industry 4.0, yet only 5% are currently implementing or have implemented an Industry 4.0 strategy
  • Investing in upgrading existing machinery, replacing fully depreciated machines with next-generation smart, connected production equipment, and adopting real-time monitoring including Manufacturing Execution Systems (MES) are manufacturers’ top three priorities based on interviews with them
  • Mid-market manufacturers getting the most value out of Industry 4.0 excel at orchestrating a variety of technologies to find new ways...

By Louis Columbus, 31 May 2019, 0 comments. Categories: Data & Analytics, Enterprise, IIoT, IoT.

Zigbee Alliance’s new initiative aims to improve interoperability between IoT devices

The Zigbee Alliance has publicly announced the All Hubs Initiative, a new offering with an aim to improve interoperability between IoT devices and major consumer and commercial platforms.

The All Hubs Initiative will make it feasible for developers to easily develop, deploy, and sell smart home and IoT products across ecosystems. The result of this effort is a set of features at the application and network layers of Zigbee, which...

By IoT News, 30 May 2019, 0 comments. Categories: Data & Analytics, IoT, Standards.

School’s IoT network teaches students about climate change

A secondary school in Sheffield has created an IoT network to educate students about both the emerging technology and climate change.

Smart cities have the potential to help monitor things such as pollution and improve residents’ quality of life. It’s hoped the experience will help students in using IoT technologies in later life while instilling the need to reduce our environmental impact as a species.

The school’s IoT network was set up by the David and Jane Richards Family Foundation, a...

By Ryan Daws, 29 May 2019, 0 comments. Categories: Data & Analytics, IoT, Smart Cities.

Enterprises need to assess their IoT footprint, argues Zscaler

San Jose-based IT security firm Zscaler’s latest study has found that more than a thousand organisations around the world have more than one IoT device transferring data from the network to the internet through the company’s proprietary cloud platform.

The study, titled “IoT in the Enterprise: An Analysis of Traffic and Threats” and which analysed 56 million IoT device transactions to explore the...

By IoT News, 24 May 2019, 0 comments. Categories: Data & Analytics, Enterprise, IIoT, Security.