Data monetisation highlighted among key IoT trends in 2018 according to EY

The EY IoT Competence Center has highlighted data monetisation, revival of network edge processing, and convergence of disruptive technologies such as IoT, blockchain and AI, among some of the key IoT trends that will be in the mainstream in 2018.

Among the key IoT trends that will be prevalent in this year is data monetisation. The team of IoT professionals said that business models that are based on IoT capabilities are very conventional and the anticipated benefits are just circled around the ways to...

By IoT News, 11 January 2018, 0 comments. Categories: Data & Analytics, Enterprise, IoT.

Why mining businesses are digging into the IoT to remain competitive

As competition in the mining sector intensifies, businesses involved in the industry are banking on the IoT to maintain a competitive edge and retain their market share.

Inmarsat’s most recent report, “The Future of IoT in Enterprise”, argues that the mining businesses will get great support from the IoT in boosting automation level and production efficiency. According to the report, IoT will play a vital role in the mining sector where profit margins are under pressure due to growing...

By IoT News, 05 January 2018, 0 comments. Categories: Data & Analytics, Enterprise, IoT.

Assessing 2017 in the Internet of Things, AI and connected cars – and what 2018 has in store

It won’t come as much surprise that 2017 was a major year for the Internet of Things (IoT). Nor will it come as any surprise that 2018 is expected to be another banner year. Here, IoT News looks at the key trends of last year, and asks a series of experts what they expect to see in the coming 12 months.

2017 – three key areas

Industrial IoT: According to Grand View Research, the global industrial IoT market is expected to reach $933 billion by 2025. Yet a lot of the research which came this publication’s way in 2017...

By James Bourne, 03 January 2018, 0 comments. Categories: AI, Connected Cars, Enterprise, IoT.

Berg Insight assesses how telematics systems for construction equipment are on the rise

An estimate provided by Berg Insight has shown that the installed base of active construction equipment (CE) OEM telematics systems globally will hit 4.6 million in 2021, compared to 1.8 million units in 2016.

The estimated target of the 4.6 million units will be achieved by registering a CAGR of 21.3%. This includes all CE telematics systems marketed by CE OEMs, either formulated in-house or supplied by the CE manufacturers in conjunction with third-party telematics players.

According to Berg Insight...

By IoT News, 02 January 2018, 0 comments. Categories: Connected Cars, Enterprise, IoT.

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.

Alchemy IoT launches with $4 million seed funding to ease IIoT via the use of AI

Alchemy IoT has launched with $4 million seed funding from Aweida Venture Partners to help make the Industrial Internet of Things (IIoT) easier via the use of AI.

Clarity, Alchemy IoT’s cloud-based application, is said to provide small- to mid-sized industrial customers with better returns on industrial assets by analysing asset performance through unsupervised machine learning and adopting proactive measures to boost productivity of industrial fleets and machinery.

The cellphone-enabled application...

By IoT News, 14 December 2017, 0 comments. Categories: Enterprise, IIoT, IoT.

Adoption of IoT platforms to lead key trends dominating Asia Pacific technology market in 2018

Hitachi Vantara has highlighted 10 key trends that will dominate the Asia Pacific technology market in 2018 – with adoption of IoT platforms in pole position.

Hitachi Vantara’s CTO Hubert Yoshida and Asia Pacific CTO Russell Skingsley have worked together to predict the key trends. Some of the key trends highlighted by the Hitachi subsidiary are:

Adoption of IoT platforms by the IT sector to facilitate the application of IoT solutions 

IoT solutions are really fast in turning out to be a...

By IoT News, 05 December 2017, 0 comments. Categories: AI, Enterprise, IoT.

Baidu and Xiaomi partner to use combined powers of AI and IoT to offer smart user experience

Chinese web services company Baidu has partnered with Chinese electronics and software company Xiaomi to establish in-depth cooperation that will amplify their strengths and capabilities in artificial intelligence (AI) and Internet of Things (IoT). The partnership will bring to table a more compelling user experience in consumer electronics and smart devices.

Lei Jun, founder, chairman and CEO of Xiaomi, said: "Xiaomi has achieved significant breakthroughs in core artificial intelligence technologies and...

By IoT News, 29 November 2017, 0 comments. Categories: AI, Enterprise, IoT.

Connected cars: The road to security and flexibility

Connected cars are driving the IoT revolution. BI Intelligence expects 381 million connected cars to be on the road by 2020, up from 36 million in 2015. Total revenues generated throughout the same period are estimated to reach $8.1 trillion.

With such opportunity, however, comes the prospect of unprecedented security and logistical challenges. This article explores the development of the connected car market alongside these emerging...

By Remy Cricco, 24 November 2017, 0 comments. Categories: Connected Cars, Enterprise, IoT.

Digitize or Die book extract: The importance of leadership and middle management for IoT

Even though the digital transformation has been building up for over a decade, most businesses have yet to recognise it as a high priority. This is especially true of larger corporations with solid, apparently unassailable channels and markets.

It is true that some businesses will not be impacted by what IoT brings to the table. But are you truly confident, as you read these sentences, that your business is immune to the IoT revolution?

Many leaders may not see the threats to their business and are blinded by...

By Nicolas Windpassinger, 22 November 2017, 0 comments. Categories: Development, Enterprise, IoT.

Nicolas Windpassinger, Schneider Electric: On why culture trumps technology in IoT adoption

The Internet of Things (IoT) is coming into the enterprise; there is no doubt about that. The thought of the work executives have to undertake in their organisation to accommodate digital transformation is only eclipsed by the thought of what happens if their firm gets left behind. In other words, if you don’t digitize, you die.

Not this correspondent’s words...

By James Bourne, 22 November 2017, 0 comments. Categories: Enterprise, IoT.

How IoT-equipped offices foster better employee wellbeing

Benjamin Franklin once said an ounce of prevention is better than a pound of cure. The wisdom of that axiom still holds today at a time when new technologies have brought us to the brink of fundamental changes in how we lead our daily lives, which can be combined with lasting truths to improve our lives.

The real estate and facility management industry is now implementing Industry 4.0 principles that can improve the health and wellbeing of workers in various facilities. Using elements that utilise the...

By Spaceti, 17 November 2017, 0 comments. Categories: Development, Enterprise, IoT, Wearables.

IIoT revenue to cross $1 trillion by 2027, projects Navigant Research

A new Navigant Research report has projected that the combined cumulative revenue for Industrial Internet of Things (IIoT) devices, software and services throughout the world will cross the $1 trillion mark by 2027.

The trend will be driven by an increasing number of enterprises as they start realising the benefits of IIoT leading to lower costs and increased equipment maintenance, the research firm added.

The report, titled “Industrial Internet of Things”, analysed the overall emerging IIoT...

By IoT News, 16 November 2017, 0 comments. Categories: Enterprise, IIoT, IoT.

BlueBorne put billions of IoT devices at risk – including Echo and Google Home

A serious vulnerability affecting billions of IoT devices also put Amazon Echo and Google Home users at risk.

The vulnerability, known as BlueBorne, was discovered by IoT security company Armis and found to put more than five billion devices at risk of attack. Researchers have now confirmed the attack surface included as many as 20 million Amazon Echo and Google Home devices.

If compromised by...

By Ryan Daws, 16 November 2017, 0 comments. Categories: Enterprise, IoT, Security.

Medigate aims to take a new approach to IoT healthcare security with $5.35m funding

The Internet of Things (IoT) is all set to revolutionise the end to end healthcare process; from wearables which collect patient data in real-time, to algorithms which can come up with new diagnoses. Yet securing all of these devices is the major risk.

Meet Medigate. The startup, based out of Israel, has just secured a $5.35 million (£4.08m) funding round for its platform, which secures networked devices alongside medical records, device servers, and other enterprise systems. The capital was raised by...

By James Bourne, 14 November 2017, 0 comments. Categories: Enterprise, Healthcare, IoT, Security.

Augury Halo helps predict mechanical failures with the IIoT

Industrial Internet of Things (IIoT) technology firm Augury has introduced a cloud-based diagnostics platform that foretells equipment failures beforehand by keeping a close eye on mechanical equipment.

Augury Halo can predict equipment failures by using sensing technologies such as vibrations and ultrasound. It also provides comprehensive, actionable recommendations for maintaining machine health. In addition, the platform issues reports about the developing problems and suggests maintenance practices....

By IoT News, 13 November 2017, 0 comments. Categories: Enterprise, IIoT, IoT.

Dubai Electricity and Water Authority gets IoT network deployment from Silver Spring Networks

Silver Spring Networks has announced the initial successful deployment of its multi-application IPv6 network canopy at the Dubai Electricity and Water Authority (DEWA).

The Dubai-based public service infrastructure company’s network canopy extends throughout the Emirate of Dubai and is based on Silver Spring’s Gen5 technology, which is said to offer high performance, reliability, security as well as scalability.

In addition, Silver Spring’s Gen5 technology has been integrated into Honeywell...

By IoT News, 03 November 2017, 0 comments. Categories: Development, Enterprise, IoT.

Pitney Bowes and Arrow Electronics team up for public sector IoT play

At a time when public sector authorities globally are facing challenges to make smarter infrastructure, Pitney Bowes and Arrow Electronics have teamed up to help them in the task with the help of Internet of Things (IoT).

As part of an agreement signed by the two companies, they will help public authorities in gathering, processing and analysing data collected through IoT devices to enhance physical infrastructure efficiencies.

The collaboration will introduce to the market a new solution that will help...

By IoT News, 02 November 2017, 0 comments. Categories: Development, Enterprise, IoT.

GE’s Digital Industrial Evolution Index shows there is a long way to go for IIoT benefits

How big a difference is there between what is possible with the Industrial Internet and what is being done now; and what changes need to take place in order for organisations to close the gap?

These are the questions General Electric (GE) has attempted to answer in its first Digital Industrial Evolution Index, published this week. The index aims to track the real progress of digital transformation, and gives a total score of 63.0 out of 100.

It’s a meaningless number out of context, of course, so...

By James Bourne, 27 October 2017, 0 comments. Categories: Development, Enterprise, IIoT, IoT.