How IoTium has found a key gap in the market for industrial automation and is planning for growth

MWC19 IoTium, a provider of software for industrial automation, has had little short of a stunning 12 months. The company has been recognised by both the media – this publication recently named it in its top 25 IoT startups – and industry bodies with a listing in the prestigious GSMA 100 last month the highlight. 

With this on board Ron Victor, IoTium CEO (left), is in no mood to slow down. IoT News caught up...

By James Bourne, 12 March 2019, 0 comments. Categories: Data & Analytics, Development, IIoT, IoT, Manufacturing, Oil & Gas.

Ericsson IoT chief on AI, 5G, and connecting 'things' instead of ‘a thing’

We spoke to Ericsson IoT Head Jeff Travers during MWC 2019 about where the industry is heading and how emerging technologies are opening new possibilities.

A running theme of this year’s event was how technologies such as the IoT, 5G, AI, and blockchain are converging in powerful ways. Last year was a lot of talk about their potential, this year we’re seeing more actual deployments.

Transportation is one area where the IoT is having a major impact. The morning of our interview, Ericsson announced...

The top 25 IoT startups to watch in 2019: A guide

  • 26,792 startups are relying on IoT as one of their main technologies to launch new products and services and support platform-based business models according to Crunchbase.
  • 78.4% of IoT startups Crunchbase tracks have had two funding rounds or less with seed, angel and early-stage rounds being the most common.
  • IoT startup funding reached $16.7bn in Q4, 2018, with last years’ funding levels 94% over 2017 according to Venture Scanner.
  • By 2020, 50% of IoT spending will be driven by discrete manufacturing, transportation and...

By Louis Columbus, 21 February 2019, 0 comments. Categories: AI, Data & Analytics, Enterprise, IIoT, IoT, Manufacturing, Oil & Gas.

Vodafone IoT Barometer 2019: ‘Significant acceleration’ in adoption

The 2019 edition of Vodafone’s annual IoT Barometer has been released showing a surge in adoption of the burgeoning technology.

For its research, Vodafone surveyed 1,758 businesses worldwide. More than a third (34%) have now adopted the IoT to some extent.

Stefano Gastaut, CEO of IoT at Vodafone Business, said:

“IoT is central to business success in an increasingly digitised world, with 72 percent of adopters saying digital transformation is impossible without it.

By Ryan Daws, 19 February 2019, 0 comments. Categories: Enterprise, IIoT, IoT, Manufacturing, Smart Cities.

UK launches first 5G smart factory as part of industrial trial

The UK has launched its first 5G smart factory as part of an industrial trial examining how British factories can be modernised.

Bosch’s factory in Worcester has been fitted with sensors and 5G-based technology for monitoring its operations.

The factory will be combining IoT sensors and 5G for preventative maintenance. Data analytics will help to predict failures before they occur.

By Ryan Daws, 13 February 2019, 0 comments. Categories: Enterprise, IIoT, IoT, Manufacturing, Smart Cities.

Industrial trends for 2019: How manufacturing will shape up

Industry 4.0, the Fourth Industrial Revolution, or the Industrial Internet of Things (IIoT). Regardless of the phrase used to described digitalisation in manufacturing, there’s no denying that a shift has already taken place. But is the age of industrial buzzwords coming to a grinding halt?

‘Industry 4.0’ in practice

Manufacturers have long felt the pressure to invest in new technologies. In the so-called age of Industry 4.0, this pressure has been heightened by an influx of products and...

By Stefan Reuther, 04 January 2019, 0 comments. Categories: Enterprise, IIoT, IoT, Manufacturing.

MachineMetrics raises $11.3m to help assist manufacturers with analytics initiatives

Industrial IoT analytics and machine monitoring platform MachineMetrics has raised $11.3 million in a recently held series A financing round that was led by Tola Capital.

MachineMetrics’ system is designed in such a manner that its customers can install it by themselves without requiring costly and time-consuming customisation. Once the installation is done, manufacturers can collect, visualise and analyse data from any...

By IoT News, 12 December 2018, 0 comments. Categories: IIoT, IoT, Manufacturing.

Hyundai, SK Telecom, and Trimble collaborate on IoT construction solution

A trio of companies from the US and South Korea are partnering on an IoT construction solution which incorporates 5G and AI.

The companies – Hyundai, SK Telecom, and Trimble – will build a solution enabling construction equipment to be monitored remotely. Safety can be managed in real-time and operations improved with AI.

Hyundai Construction Equipment provides the physical hardware for the solution with equipment such as forklifts and excavators.

Trimble, a US-based company, will provide the...

By Ryan Daws, 10 December 2018, 0 comments. Categories: IIoT, IoT, Manufacturing.

Semtech utilises IoT-equipped LoRa devices in agriculture and smart ranching

Semtech has announced that Australian carrier National Narrowband Network Co (NNNCo) is deploying a publicly available network based on the LoRaWAN protocol that will leverage Semtech’s LoRa devices and technology to build Internet of Things (IoT) applications.

The network will rolled out with Australian agriculture company Goanna Ag, with an aim to bring smarter irrigation management solutions to Australian cotton...

By IoT News, 06 December 2018, 0 comments. Categories: Development, IoT, Manufacturing.

PTC acquires Frustum and partners with Rockwell Automation to boost IoT and AI offerings

Massachusetts-based enterprise software firm PTC has announced that it has bought Colorado-based advanced generative design software company Frustum for about $70 million. Frustum’s generative design technology, which leverages AI to develop options for design, will prove to be a meaningful addition to the PTC Creo portfolio, the company added.

Jim Heppelmann, president and CEO, PTC, said: “PTC is pushing the...

By IoT News, 22 November 2018, 0 comments. Categories: AI, Enterprise, IoT, Manufacturing.

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.

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.

Why autonomous vehicles on farms might impact consumers’ lives more than on the road

Consumers are rightfully excited about the eventual introduction of autonomous vehicles, as they promise to deliver vast improvements in road safety, travel efficiency, and riding enjoyment.  But current use of self-driving technologies in industrial applications, such as farms and mines, suggests that true, fully autonomous vehicles might arrive first in places other than our roads.  While many of us might not realise it, the benefits of such use on farms would be equally – if not more...

By Brad Lukac, 26 October 2018, 0 comments. Categories: Connected Cars, Enterprise, IoT, Manufacturing.

How to ride the wave of digital disruption: A manufacturer explains

There is no ‘silver bullet’ technology to guarantee growth for manufacturers, but there is a winning attitude. Businesses that keep an open mind to all possible technology options and take the time to review them will stand a better chance of making the right investment – one that will power the business ahead of its competitors. For that, you need an open enterprise strategy that enables you to maintain that sort of open mind.

By Darren Duke, 03 October 2018, 0 comments. Categories: AI, Enterprise, IoT, Manufacturing.

General Electric’s CEO shuffle: Assessing the road to this point – and its digital future

Less than a month after becoming chairman and CEO of General Electric (GE) last year, John Flannery wrote a LinkedIn missive outlining the company’s future strategy. In short, it was full steam ahead for digital.

“We have fully embraced the digital industrial transformation, and we believe in its potential to change the world,”

By James Bourne, 01 October 2018, 0 comments. Categories: Enterprise, IoT, Manufacturing.

It is high time for IR sensor 2.0 – driven by the IoT

The IR sensor is a crucial component in many everyday products, ranging from medical equipment to mobile phones. But the technology is 50 years old and in serious need of an upgrade. The next generation IR sensor 2.0 for IoT will be much thinner than old sensors and cheaper to manufacture.

Today's manufacturing industry is highly dependent on sensors. Whether it is heavy industrial products or smaller consumer products – they are all more or less dependent on well-functioning sensors that control...

By Robert Ekström, 19 September 2018, 0 comments. Categories: IoT, Manufacturing, Standards.

Why ambitious Industry 4.0 plans need a better open standard approach to succeed

The UK government’s Industrial Strategy, launched in 2017, sets out a long term plan to boost productivity in British industry. Further to this, the government recently announced the creation of an AI Council, led by leaders within industry, to support the rapid adoption of artificial intelligence across all UK sectors. The opportunity could inject £455 billion into the UK economy and boost growth by 3%...

By Adam Byrne, 30 July 2018, 0 comments. Categories: Enterprise, IIoT, IoT, Manufacturing.

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.