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SensorUp has rolled out what is claimed to be the first IoT platform based on Open Geospatial Consortium SensorThings API, allowing IoT companies and developers to formulate standards-compliant IoT products and services.

Standards-compliance is a key feature in the IoT as it ensures exchange of data between disparate sensors. There are several use cases that benefit from such integration. For instance, a fitness band can be connected to a calorie intake app while municipalities located...

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Cypress Semiconductor has announced the acquisition of Broadcom’s IoT business unit for $550 million (£376m) in cash.

The IoT arm of the network and semiconductor provider employs close to 430 people globally and brought in $189m in revenue during the past 12 months. As part of the agreement, Cypress will acquire Broadcom's Wi-Fi, Bluetooth and ZigBee IoT product lines and intellectual property, along with its WICED brand and developer ecosystem.

The transaction, which...

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PTC has updated its ThingWorx IoT platform which includes easier developer tools, new clouds and services, and an increase in the number of connected devices and analytics. Customers will have their choice of a public cloud service, with Amazon Web Services (AWS) being the first approved service. Providing control to the developer allows PTC to be friendlier to third-party...

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New figures from iD Tech have shown a 46% increase in enrolment of its electrical engineering courses for young people, with the education provider arguing it mirrors the rise of the Internet of Things (IoT).

The IoT market is on the rise as witnessed in wearables, with the segment growing 223% in 2015, according to best-selling author, Bernard Marr. Shipments of Apple watches and Fitbits totalled 3.6 million units and 4.4 million units, respectively.

iD Tech students learn...

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The term ‘Internet of Things’ will die out by 2020 as the technology becomes so ubiquitous, according to a new whitepaper from product development and design studio Yeti.

The paper, titled ‘Living, Learning and Working in 2020 with the Internet of Things’, examines how the IoT is affecting five spheres of life and how products in development will take people to the next standard of technology-based living.

The IoT is set to impact five major areas of...

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CloudOne, a company which provides cloud-based enterprise applications and IoT solutions, closed its Series E venture funding round with $9 million making a total of $21.9m in total investment.

Plymouth Ventures led the funding round, with Hercules Technology Growth Capital as the primary participant. Other existing investors participated in the round, including Elevate Ventures, Chatham Ventures, Ryan Diem and Bootstrap Venture Fund.

The investment will go towards...

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Manufacturers and developers from a diverse range of industries are already developing and integrating IoT devices into their products, and in the process are creating new and compelling services and business models. From connected cars and smart homes, to connected ‘wearables’ such as Fitbit and Jawbone, the IoT has already established itself.

As increasingly...

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The enterprise is beginning to eclipse the consumer space for investment in IoT startups, according to the latest research from Verizon.

In the company’s latest State of the Market report, which collates usage data, interviews with Verizon customers and research from Oxford Economics, the telco argues enterprise IoT investment outstripped the consumer side by 75% in 2015; a major difference when compared to the previous year. The report also asserts that IoT will ease regulatory...

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VDC Research has released a report highlighting that IoT adoption is higher than ever at present.

Of the IoT engineers surveyed for the report, 51% are currently working on a project that requires cloud support and internet connectivity. Over 75% reported that their organisations are either planning to deploy IoT-capable applications or devices by 2020 or are already deploying them.

However, engineers remain somewhat sceptical of the benefits of the new engineering paradigm within their...

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The valuation of the global Internet of Things (IoT) market is expected to hit $1.88 trillion (£1.25tn) by 2022, according to an analyst note from Hexa Reports.

Growth in the Internet of Things (IoT) market is expected on account of a rise in internet connectivity and the pervasiveness of technology. Additionally, the venture-capitalist investments of technology companies in industry startups have created new opportunities of growth in the market.

Industry growth is also set to be...