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.

Why the IoT needs more of an edge: Edge computing and the data centre

You know it’s 2018 when you are woken by your smart home to find your Google Assistant working on your shopping list, while Alexa informs you of your plans for the day.

While talking to machines and delegating our least favourite tasks is undoubtedly progress, the Internet of Things takes us into a whole new category of connectivity. Here, machines talk to other machines and are even creating cities that are smart enough to administer themselves, without human intervention.In fact, the EU has the...

By Andrew Brinded, 13 September 2018, 1 comment. Categories: Data & Analytics, IIoT, IoT, Smart Cities.

Four reasons remote monitoring is your best move to better service

Manufacturers understand that connecting their products through the Internet of Things is essential to minimising downtime, reducing costs, and providing better service offerings for their customers. As this whitepaper from PTC explores, early adopters are realising proven returns with remote monitoring - an IoT-enhanced service that can be quickly implemented and monetised.

By James Bourne, 07 September 2018, 0 comments. Categories: IIoT, IoT, Manufacturing.

Lantronix joins Microsoft’s Azure Certified for Internet of Things program

Data access and management provider Lantronix has announced it has joined the Microsoft Azure Certified Internet of Things program.

The program accelerates IoT solutions that are pre-tested and verified to work with Microsoft Azure IoT services, which benefit businesses to reach their clientele where they are, working with an ecosystem of devices and platforms expediting production.

By IoT News, 22 August 2018, 0 comments. Categories: Enterprise, IIoT, IoT.