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.

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.

How Industrial IoT sensors are used to monitor water levels and flood warning systems: A guide

You may already realise that water is an everyday critical resource for you and your family. Plenty of headlines about on how we get too much water or too little – flooding and drought. But how do water monitoring systems help you, your teams, and your organisation to save water, your time, your money, and potentially lives?

Here, we will give you inside details about case studies where smart cities in coastal areas have deployed flood warning systems with Industrial IoT sensors, how the sensors...

By Edward Pultar, 25 July 2018, 0 comments. Categories: Data & Analytics, Enterprise, IIoT, IoT, Oil & Gas.

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.