McRock Capital secures $100 million funding focusing on Industrial IoT use cases

McRock Capital has successfully raised $100 million (£80m) for its second fund focused on the Industrial Internet of Things (IIoT).

The new fund, McRock Fund II LP, has support from investors like Cisco Investments, Shell and other significant corporate and institutional investors including BDC Capital, Export Development Canada, Alberta Enterprise Corporation, and HarbourVest.

By IoT News, 16 September 2019, 0 comments. Categories: Enterprise, IIoT, IoT.

Healthcare IoT requires stronger security strategies against cyberattacks, says Irdeto Research

Healthcare providers are more vulnerable to cyberattacks – and according to a new report, they need to ensure IoT security strategies are robust enough to ensure the future of care.

The study, from Netherlands-based software firm Irdeto, polled 232 healthcare security decision makers and suggested these care providers should make sure to strengthen their IoT security strategies to safeguard patients’ safety. 82% of...

By IoT News, 03 September 2019, 0 comments. Categories: Enterprise, Healthcare, IoT, Security.

Gartner forecasts explosion in enterprise and automotive IoT endpoint usage

Gartner has predicted that the enterprise and automotive IoT market will grow to 4.8 billion endpoints by the end of 2019 – and 5.8bn endpoints in 2020. The current year forecast is 21.5% rise on a year-on-year basis, whereas the next year projection is a 21% year-on-year increase, compared to the present year.

The utility sector will be the highest user of IoT endpoints, as it will total to 1.17bn endpoints in 2019 and...

By IoT News, 02 September 2019, 0 comments. Categories: Connected Cars, Enterprise, IoT.

Future cities under risk of cyberattacks due to insufficient security investment, ABI Research warns

Analyst firm ABI Research has sounded out a pessimistic tone in its latest research report, arguing certain industries will be ‘woefully underfunded and incredibly vulnerable to cyberattacks’ as the IoT ecosystem grows.

The company’s latest smart city cybersecurity application analysis report argues that the financial, information and communication technologies, and defence industries will account for 56% of...

By IoT News, 21 August 2019, 0 comments. Categories: Enterprise, IoT, Security, Smart Cities.

Nordic enterprises see 5G services playing key role in IoT proliferation

A new report from Information Services Group (ISG) suggests that enterprises in the Nordic region consider the deployment of 5G mobile services as a catalyst for the proliferation of IoT solutions.

The report, titled ‘2019 ISG Provider Lens IoT Transformational Services, Technology, Solutions, Platforms, and Industries Report for the Nordics’, sees the IoT trend advancing in the Nordic nations as it is being set...

By IoT News, 19 August 2019, 0 comments. Categories: Enterprise, IIoT, Manufacturing.

Safety improvements becoming key to measuring IoT project success, says IDC

While the vast majority of organisations have a budget allocated towards IoT projects, organisations are struggling with skills issues and infrastructure readiness, according to IDC.

In its latest seventh annual survey report, titled Global IoT Decision Maker Survey, the analyst firm examined the latest investment trends in the IoT, along with the opportunities and challenges facing IoT buyers across the world. For this...

By IoT News, 13 August 2019, 0 comments. Categories: Data & Analytics, Enterprise, IoT.

Arrow Electronics teams up with IBM and National Instruments for predictive maintenance suite

Arrow Electronics has announced that it is teaming up with IBM and National Instruments in order to offer a predictive maintenance suite that enables data-driven operations in oil and gas plants, factories, mines and other rugged environments.

With the integration of National Instruments’ advanced industrial monitoring devices with IBM’s analytics/AI and asset management software, the new Wireless Industrial Asset...

By IoT News, 09 August 2019, 0 comments. Categories: Enterprise, IIoT, IoT.

Balena raises $14.4m in series B funding to help bring the edge to developers

Washington-based software firm Balena has raised $14.4m (£11.52m) in its latest series B investment round led by OpenView, along with existing investors, such as Threshold Ventures, Aspect Ventures, and GE Ventures.

Balena, which was earlier known as resin.io, focuses on unlocking the potential of physical computing by removing friction for IoT fleet owners. The company’s full-stack platform provides a comprehensive, end-to-end solution that makes it easier for developers to build...

By IoT News, 25 July 2019, 0 comments. Categories: Data & Analytics, Enterprise, IoT.

IBM X-Force: Mirai is increasingly targeting enterprise IoT devices

Researchers from IBM X-Force have found variants of the infamous IoT botnet Mirai are increasingly targeting enterprise devices.

Mirai caused havoc in 2016 when it was used to flood DNS provider Dyn with unprecedented amounts of traffic. Dyn’s downtime impacted some of the world’s most popular services including Twitter, Spotify, PlayStation Network, GitHub, Netflix, and Soundcloud.

There are more than 60 known variants of Mirai. Typically, these variants have sought to infect easily hackable...

By Ryan Daws, 19 July 2019, 0 comments. Categories: Enterprise, Healthcare, IIoT, IoT, Manufacturing, Security.

Thoughts on MWC Shanghai: Three key factors for IoT growth

There is no shortage of excitement surrounding IoT at MWC Shanghai 2019. As we have seen over the last few years, much of the speculation surrounding IoT, particularly Cellular IoT, has become a reality.

As NB-IoT and eMTC networks are growing across Asian markets, there is a noticeable increase in use cases connecting IoT devices from around the globe.

This year, there will be more than 110 IoT exhibitors, giving us an insight into the development and direction of new...

By Ilan Reingold, 26 June 2019, 0 comments. Categories: Development, Enterprise, IoT.

The future of factories in an IoT-driven world: Budget and data challenges and opportunities

The Internet of Things (IoT), as an acronym, can potentially have a double meaning. Naturally, while the term came to pass and be accepted to describe the process of connecting sensors in physical objects to wireless networks, the industry continues to get to grips with the coming together of information technology and operational technology. So not so much IoT - perhaps more IT/OT.

Nowhere is this IT and OT fusion more pronounced than in a factory setting. An engaging panel debate at

By James Bourne, 20 June 2019, 0 comments. Categories: AI, Data & Analytics, Enterprise, IIoT, IoT.

Why smart machines are the future of manufacturing

  • Industrial Internet of Things (IIoT) presents integration architecture challenges that once solved can enable use cases that deliver fast-growing revenue opportunities
  • ISA-95 addressed the rise of global production and distributed supply chains yet are still deficient on the issue of data and security, specifically the proliferation of IIoT sensors, which are the real security perimeter of any manufacturing business
  • Finding new ways to excel at predictive maintenance, and cross-vendor shop floor integration are the most promising applications
  • IIoT manufacturing systems are...

By Louis Columbus, 20 June 2019, 0 comments. Categories: Data & Analytics, Enterprise, IIoT, Manufacturing.

Study reveals majority of organisations finding it hard to understand business benefits of IoT

A new survey has found the majority of organisations - including those who have already implemented IoT projects - are still finding it difficult to undertand the business benefits of the technology.

The study, titled IoT Implementation Trends and put together by Longview IoT,  suggested the enterprise organisations of all sizes and across all vertical industries need proper guidance and learning to realise more specific business results that IoT can help them achieve.

Bridging the gap...

By IoT News, 19 June 2019, 0 comments. Categories: Enterprise, IoT.

Study: Business leaders want the EU to prioritise automation technologies

A study has found top business leaders want the EU to prioritise and support technologies relating to automation such as 5G and AI.

The survey (PDF) was carried out for the European Round Table (ERT) of Industrialists and features the views of CEOs from member companies such as Nestlé, Shell, Volvo, Siemens, and Heineken.

“We need the right policies to ensure our economies can take advantage of innovative technologies, our companies...

By Ryan Daws, 17 June 2019, 0 comments. Categories: AI, Enterprise, IoT, Smart Cities.

Sak Nayagam, BHGE: On the Industrial Internet of Things and changing energy demands

Sak Nayagam, head of alliances and channels for digital oil and gas at Baker Hughes, A GE company (BHGE), has spent the vast majority of his career thinking about the interlocking of digital and technology and how it can enable a cleaner energy future. The future, he tells IoT News, is an exciting one – but there are plenty of complex areas to navigate first.

By James Bourne, 14 June 2019, 0 comments. Categories: Enterprise, IIoT, Oil & Gas, Smart Cities.

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.

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.