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.

Sierra Wireless and Microsoft collaborate to claim industry’s first full-stack IoT offerings

Sierra Wireless has announced it has entered into a strategic collaboration with Microsoft to offer what is claimed to be one of the industry’s first full-stack Internet of Things (IoT) solutions.

Sierra’s new Octave edge data orchestration solution has been successfully connected with Microsoft’s Azure IoT Central, a software as a service (SaaS) offering that allows customers to build and deploy...

By IoT News, 12 June 2019, 0 comments. Categories: Enterprise, IoT.

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.

Nissan to demonstrate ‘brain-to-car’ tech at CES Asia 2019

Automotive giant Nissan is set to demonstrate futuristic 'brain-to-car' technology at CES Asia 2019 in Shanghai this week.

Said to be the first of its kind, the brain-to-car technology analyses brain signals to improve the driving experience.

By having some idea of a driver's intention, the vehicle could assist with manoeuvres. Similarly, any discomfort experienced by the driver – such as the climate being too cold or hot – could result in the vehicle automatically adjusting...

By Ryan Daws, 11 June 2019, 0 comments. Categories: Connected Cars, IoT, Smart Cities.

ST Engineering to collaborate with Nokia around 5G and IoT

Singapore-based engineering company ST Engineering has signed a partnership agreement with Nokia to work together on key technology areas like 5G and IoT and expand their business offerings to their customers in the public as well as private sectors.

Collaboration between the two companies will allow expansion of their joint solution portfolio and place them in a better position to pursue new business opportunities, which will...

By IoT News, 11 June 2019, 0 comments. Categories: Development, Enterprise, IoT.

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.

Amazon plans drone-based deliveries ‘within months’

During this year’s Re:MARS conference in Las Vegas, Amazon said it will deliver packages to customers using drones “within months”.

The world’s largest retailer has been experimenting with drones for several years.

In December 2016, Amazon ran a successful trial in Cambridge using a drone to deliver a package within 13 minutes. In 2017, IoT News reported Amazon was adding 400 staff...

By Ryan Daws, 06 June 2019, 0 comments. Categories: AI, IoT, Smart Cities.

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.

Infineon to acquire Cypress Semiconductor in blockbuster $10 billion chip deal

Infineon Technologies has signed a definitive agreement with Cypress Semiconductor Corporation, under which Cypress will be acquired by Infineon for $23.85 per share in cash, corresponding to an enterprise value of $9.98 billion (£7.9bn).

The acquisition of Cypress will allow Infineon to subsequently increase its focus on structural growth drivers and offer a wider range of applications. Infineon's leading power...

By IoT News, 03 June 2019, 0 comments. Categories: Enterprise, IoT.