IoT security spending to hit $6 billion by 2023, says Juniper Research

Global spending on IoT security will hit more than $6 billion by 2023, according to the latest study from Juniper Research.

The study, titled “The Internet of Things for Security Providers: Opportunities, Strategies & Forecasts 2018-2023”, claims that increasing business risks and regulatory minimum standards would help drive spending on IoT security.

Steffen Sorrell, principal analyst at Juniper and research author, said: “The interconnected nature of the IoT means that even innocuous...

By IoT News, 12 July 2018, 0 comments. Categories: Data & Analytics, IoT, Security.

Why slow and steady is the key to winning the IoT race

It has become a no-brainer for organisations to jump on the Internet of Things (IoT) bandwagon. With the amount of data flowing between internet-connected devices, it is vital that organisations are able to implement an effective IoT strategy in order to remain competitive. Yet, as companies race to adopt this technology, it is no secret that many IoT projects are struggling to get off the ground.

In fact, research from Cisco highlights that as many as...

By Anthony Sayers, 11 July 2018, 0 comments. Categories: Data & Analytics, Enterprise, IoT.

Ex-Apple employee is charged with stealing driverless car secrets

A former Apple employee has been charged with stealing driverless car secrets from the company with the intent of bringing them to his new employer.

Xiaolang Zhang was stopped at San Jose International airport by federal agents. He reportedly had bought a “last second” ticket heading to China.

Zhang is said to have stolen sensitive documents regarding Apple’s work on driverless cars while he was on paternity leave. Today, he was charged with trade secrets theft in the U.S. District Court for...

By Ryan Daws, 11 July 2018, 0 comments. Categories: AI, Connected Cars, Development, IoT.

London and Singapore top rankings again as world’s smartest cities

London, Singapore and Seoul make up the top three ‘smartest’ cities worldwide, according to new research from the Eden Strategy Institute.

The 2018-19 study, in partnership with ONG&ONG Experience Design (OXD), involved 140 smart cities ranked across 10 vectors; clarity of vision, leadership, budget, provision of financial incentives, support programmes, talent readiness, a people-centric approach, development of an innovation ecosystem, implementation of ‘smart’ policies and,...

By IoT News, 11 July 2018, 0 comments. Categories: IoT, Smart Cities.

Leading firms pressure the EU to back connected car standard

Companies including the likes of BMW, Daimler, Ericsson, and Deutsche Telekom are pressuring the EU to back a connected car standard.

The companies want the European Commission to put its weight behind the C-V2X (Cellular Vehicle-to-Everything) standard instead of the WiFi-based alternative ITS-G5.

By adopting C-V2X, the companies believe Europe will be in a better position to speed up the rollout of 5G networks.

In a letter addressed to EU Commission President Jean-Claude Juncker and other commissioners, the...

By Ryan Daws, 10 July 2018, 0 comments. Categories: Connected Cars, Development, IoT, Smart Cities, Standards.

Sense and sensor ability: How AI and connectivity will help each other grow

Connected devices are getting smaller, cheaper, and more specialised. While connected systems as a whole are getting more intelligent, the actual processing power of these devices is not expanding at the same rate - opening up a host of issues for enterprises wanting to enter the IoT, or expand their current IoT fleet.

The development of new network technologies will require a new way of processing data from a huge range of sources, and communication between multiple systems (even in one enterprise) will soon...

By Charles Towers-Clark, 09 July 2018, 0 comments. Categories: AI, Data & Analytics, Development, IoT.

Connecting the smart home: The history of wireless protocols – and why they matter

If you work in IoT, you’re probably familiar with the annual reports and data points that tell us about the opportunities in the connected home. A recent report from Crimson Hexagon found that “from 2014 to 2017 the sentiment towards smart home technology started to sway, with over 60 percent of consumers favoring the technology.”

There are lots of factors that impact why consumers choose smart home – entertainment, convenience,...

By Mitchell Klein, 09 July 2018, 0 comments. Categories: Data & Analytics, IoT, Smart Homes.

Report: IoT and analytics market for utilities expected to grow to $5.1bn in 2028

Navigant Research has released a report indicating the IoT and analytics market for utilities should grow to over five billion dollars by 2028.

Many of the tools used for utilities are outdated and in need of replacement. The IoT offers a ripe opportunity to fix problems, improve efficiency, and generate significant revenue.

Neil Strother, Principal Research Analyst with Navigant Research, says:

“Many of the tools are outdated, sit in silos, and were never designed for the...

By Ryan Daws, 06 July 2018, 0 comments. Categories: Data & Analytics, IoT, Smart Cities.

LG CNS announces CityHub platform for smart city management

LG subsidiary CNS has announced its CityHub platform designed to provide centralised management and data analysis of citywide IoT devices.

CityHub, the platform’s tentative name, is able to collect data from IoT sensors across the deployed smart city. This could be sensors installed on things such as vehicles and buildings, or infrastructure like street lights and traffic cameras.

LG CNS is the first private company to be certified by the Korean government

The platform supports the international oneM2M...

By Ryan Daws, 05 July 2018, 0 comments. Categories: AI, Data & Analytics, IoT, Smart Cities.

Industrial IoT is where the action is - but success will need leadership

The consumer applications of Internet of Things (IoT) technology drives many peoples understanding. People equate IoT to the fridge that updates an online shopping list or the smart energy meter that shows electricity usage. These are useful ideas and might save a household some time and money. However, the real power of IoT is in the applications that solve real-world problems and can transform the business models of whole industries or the way that governments deliver public services.

The real action is in...

By Emanuele Angelidis, 05 July 2018, 0 comments. Categories: Enterprise, IIoT, IoT, Manufacturing.