Gartner: Global expenditure on IoT security to hit $1.5 billion in 2018

A new report from Gartner has projected that expenditure on IoT security across the globe will hit $1.5 billion in 2018 from $1.2 billion in 2017 due to the growing efforts from enterprises to shield themselves from IoT-based threats.

The analyst firm found that over the last three years, nearly 20% of enterprises were hit by at least one IoT-based attack.

Ruggero Contu, research director at Gartner, said: "We expect to see demand for tools and services aimed at improving discovery and asset management,...

By IoT News, 23 March 2018, 0 comments. Categories: IoT, Manufacturing, Oil & Gas, Security.

Five key IIoT predictions for 2018: Collaboration, customer success, edge computing, and more

The global industrial IoT market is set to reach $933 billion by 2025, according to Grand View Research. Here, Sastry Malladi, CTO of FogHorn Systems, outlines what he think will happen in the space in 2018.

Momentum for edge analytics and edge intelligence in the IIoT will accelerate in 2018

Almost every notable hardware vendor has a ruggedized line of products promoting edge processing. This indicates that the market is prime for Industrial IoT (IIoT) adoption. With technology giants announcing software...

By Sastry Malladi, 15 December 2017, 0 comments. Categories: Enterprise, IIoT, IoT, Oil & Gas.

Oil and gas 4.0: Making excellence operational

Even by recent standards, the rapid pace of change has been enough to give the oil and gas industry whiplash. New geopolitical realities are disrupting common operating practices. Increasingly complex operating conditions threaten already squeezed margins. There’s relentless pressure to cut costs whilst increasing productivity. Hazardous events have induced more rigorous compliance requirements and amplified public scrutiny.

All these factors make the drive for operational excellence critical. The need...

By Scott Lehmann, 14 August 2017, 0 comments. Categories: Development, Enterprise, IIoT, IoT, Oil & Gas.