MachineMetrics raises $11.3m to help assist manufacturers with analytics initiatives

Industrial IoT analytics and machine monitoring platform MachineMetrics has raised $11.3 million in a recently held series A financing round that was led by Tola Capital.

MachineMetrics’ system is designed in such a manner that its customers can install it by themselves without requiring costly and time-consuming customisation. Once the installation is done, manufacturers can collect, visualise and analyse data from any...

By IoT News, 12 December 2018, 0 comments. Categories: IIoT, IoT, Manufacturing.

Hyundai, SK Telecom, and Trimble collaborate on IoT construction solution

A trio of companies from the US and South Korea are partnering on an IoT construction solution which incorporates 5G and AI.

The companies – Hyundai, SK Telecom, and Trimble – will build a solution enabling construction equipment to be monitored remotely. Safety can be managed in real-time and operations improved with AI.

Hyundai Construction Equipment provides the physical hardware for the solution with equipment such as forklifts and excavators.

Trimble, a US-based company, will provide the...

By Ryan Daws, 10 December 2018, 0 comments. Categories: IIoT, IoT, Manufacturing.

IoT continues to be a hit in the enterprise – but money is being lost through poor implementations

A new study claims that enterprises have started sustaining significant monetary losses due to lack of good practices as they are advancing by integrating IoT into their business models.

The report, which was conducted by ReRez Research and sponsored by world's leading provider of TLS/SSL, PKI and IoT security solutions: DigiCert, surveyed companies that are struggling with IoT security. Twenty-five percent of such firms...

By IoT News, 16 November 2018, 0 comments. Categories: Data & Analytics, Enterprise, IIoT, IoT.

Siemens and Aruba announce strategic partnership focused on bridging OT and IT worlds

Siemens and Aruba, a Hewlett Packard Enterprise company, have announced a strategic partnership that is focused towards bridging the operational technology (OT) and information technology (IT) worlds.

Based on complimentary portfolios, Siemens and Aruba are able to support customers with highly reliable, secure and insightful data networks that allow high plant and network availability. Customers benefit from integrated...

By IoT News, 13 November 2018, 0 comments. Categories: Enterprise, IIoT, IoT.

How Losant aims to turn the long enterprise IoT journey into manageable steps

“A lot of times in this space people love to talk about the technology – but they don’t want to work with the business about how they think about the business problems they’re trying to solve,” says Charlie Key, co-founder and CEO of Losant.

It’s an interesting statement when you consider Key’s (left) background. Having spent pretty much all of his career in the...

By James Bourne, 07 November 2018, 0 comments. Categories: AI, Enterprise, IIoT, IoT, Manufacturing, Oil & Gas.

Validere raises $7 million in seed funding to transform oil and gas trading via artificial intelligence

Venture-backed oil and gas IoT and artificial intelligence platform Validere has raised $7 million in seed funding to transform oil and gas trading and logistics through reliable data and Artificial Intelligence (AI) insights.

Currently, as the company puts it, oil and gas companies use unreliable product quality data to make critical operational decisions and to address this problem, Validere is using IoT technologies to...

By IoT News, 06 November 2018, 0 comments. Categories: AI, Data & Analytics, IIoT, IoT, Oil & Gas.

Amazon’s hiring of less Xmas staff indicates growing automation

Amazon is hiring fewer Xmas workers this year which could be a sign of growing automation within the retail industry.

In the past couple of years, Amazon has brought in 120,000 additional temporary staff to deal with the Christmas rush. This year, that number has dropped to 100,000.

While it’s hardly the robots-are-taking-our-jobs apocalypse some predict, it appears to be the start of a decline in the need for human workers.

Citi Analyst Mark May

By Ryan Daws, 05 November 2018, 0 comments. Categories: AI, Enterprise, IIoT, IoT, Manufacturing.

For oil and gas, patience is key to begin implementing IoT – but the pace needs to increase after

The oil and gas industry is one of the most complex when it comes to emerging technology implementation. Yet as complicated as it is, it’s people and processes which will ultimately move the needle, according to Jim Claunch, vice president of business efficiency at Equinor.

This is not to say that the tech side can be overlooked. Take a look at the sheer amount of data Equinor gets hold of; from its 1200 plus operating...

By James Bourne, 23 October 2018, 0 comments. Categories: AI, Data & Analytics, Enterprise, IIoT, Oil & Gas.

Hitachi Vantara looks to intelligent maintenance with latest releases

Hitachi’s wholly-owned subsidiary Hitachi Vantara recently introduced data-driven, AI-based Lumada Maintenance Insights IoT solutions at the NEXT 2018 event.

Thanks to the use of highly precise, prescriptive and predictive algorithms that these solutions help customers in anticipating breakdowns and guide them on important maintenance repairs, improving operations and avoiding equipment downtime. These enhancements allow...

By IoT News, 28 September 2018, 0 comments. Categories: Data & Analytics, Enterprise, IIoT, IoT.

IoTium raises $13.6 million in series B funding to push forward 'zero touch' for IIoT

IoTium, a Santa Clara-based software provider for the Industrial Internet of Things (IIoT), has raised $13.6 million in series B funding to help fuel market expansion in the US and abroad.

The company, which provides a managed secure network infrastructure for the IIoT, has secured funding led by March Capital Partners, with Honeywell Ventures, JC2 Ventures, Hanna Ventures, GE Ventures and Jupiter Ventures also participating.

The company's ethos is around 'zero touch' - in other words, the ability to scale to...

By James Bourne, 21 September 2018, 0 comments. Categories: Enterprise, IIoT.