Global IoT spending to break $1 trillion by 2023 – fuelled by solid consumer and commercial adoption

IDC’s latest Worldwide Semiannual Internet of Things (IoT) Spending Guide predicts the global spending on the IoT will surpass the $1 trillion (£790bn) mark in 2022 and will reach $1.1 trillion (£869b) in 2023, at a CAGR of 12.6% on a year-over-year basis.

Carrie MacGillivray, group VP of IoT, 5G, and mobility at IDC, said: “Spending on IoT deployments continues with good momentum and is...

By IoT News, 14 June 2019, 0 comments. Categories: Data & Analytics, Development, IoT.

Survey: Most consumers view IoT as the “wave of the future” - albeit with security fears

US-based Metova has announced the results of its second annual survey explaining latest consumer trends and the sentiment of more than 1,000 consumers on IoT and connected home technologies – with many viewing it as the ‘wave of the future’ but having concerns over privacy and connected devices.

Among the surveyed consumers, less than 25% of respondents thought that they have a better understanding of the...

By IoT News, 13 June 2019, 0 comments. Categories: Data & Analytics, IoT, Security.

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.

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.

World Economic Forum launches global councils across IoT, blockchain, AI and more to ‘restore trust’ in tech

The World Economic Forum (WEF) has launched six Global Fourth Industrial Revolution Councils to help policymakers and businesses strike the right balance between enabling emerging technologies and effectively alleviating social risks in order to benefit the society.

The Councils - which will bring more than 200 leaders together from the public and private sectors, civil society and academia from across the world - will cover...

By IoT News, 04 June 2019, 0 comments. Categories: AI, Data & Analytics, IoT, Standards.

Why Industry 4.0's potential needs to be proven on the shop floor

  • 99% of mid-market manufacturing executives are familiar with Industry 4.0, yet only 5% are currently implementing or have implemented an Industry 4.0 strategy
  • Investing in upgrading existing machinery, replacing fully depreciated machines with next-generation smart, connected production equipment, and adopting real-time monitoring including Manufacturing Execution Systems (MES) are manufacturers’ top three priorities based on interviews with them
  • Mid-market manufacturers getting the most value out of Industry 4.0 excel at orchestrating a variety of technologies to find new ways...

By Louis Columbus, 31 May 2019, 0 comments. Categories: Data & Analytics, Enterprise, IIoT, IoT.

Zigbee Alliance’s new initiative aims to improve interoperability between IoT devices

The Zigbee Alliance has publicly announced the All Hubs Initiative, a new offering with an aim to improve interoperability between IoT devices and major consumer and commercial platforms.

The All Hubs Initiative will make it feasible for developers to easily develop, deploy, and sell smart home and IoT products across ecosystems. The result of this effort is a set of features at the application and network layers of Zigbee, which...

By IoT News, 30 May 2019, 0 comments. Categories: Data & Analytics, IoT, Standards.

School’s IoT network teaches students about climate change

A secondary school in Sheffield has created an IoT network to educate students about both the emerging technology and climate change.

Smart cities have the potential to help monitor things such as pollution and improve residents’ quality of life. It’s hoped the experience will help students in using IoT technologies in later life while instilling the need to reduce our environmental impact as a species.

The school’s IoT network was set up by the David and Jane Richards Family Foundation, a...

By Ryan Daws, 29 May 2019, 0 comments. Categories: Data & Analytics, IoT, Smart Cities.

Enterprises need to assess their IoT footprint, argues Zscaler

San Jose-based IT security firm Zscaler’s latest study has found that more than a thousand organisations around the world have more than one IoT device transferring data from the network to the internet through the company’s proprietary cloud platform.

The study, titled “IoT in the Enterprise: An Analysis of Traffic and Threats” and which analysed 56 million IoT device transactions to explore the...

By IoT News, 24 May 2019, 0 comments. Categories: Data & Analytics, Enterprise, IIoT, Security.

Bosch gets bullish on blockchain as ‘key technology for the economy of things’

Manufacturing giant Bosch has found its voice getting increasingly louder when it comes to digitisation and the Internet of Things (IoT) – and now the company is advocating distributed ledger technologies as key to restoring trust online.

Bosch spent two days last week hosting its ConnectedWorld event in Berlin, and in the aftermath the company touted it was at the ‘next milestone’ on the road to becoming a...

By James Bourne, 20 May 2019, 0 comments. Categories: Connected Cars, Data & Analytics, IoT, Smart Cities, Standards.

Report: Edge computing likely to show strong growth for future IoT use cases

A new report from Strategy Analytics claims that edge computing is on the rise in IoT deployments and is anticipated to show strong growth in the coming years.

The market research firm believes that data will be processed by edge computing in three fifths (59%) of the IoT deployments by 2025, which will mainly be driven by the efficient use of the network, security, and the response time. At present, the research suggests that 44% of companies today are leveraging the power of edge computing in...

By IoT News, 17 May 2019, 0 comments. Categories: Data & Analytics, Development, IoT.

Verizon’s NB-IoT network covers more than nine tenths of US population

US telecom giant Verizon has announced that its Narrowband IoT (NB-IoT) Network is now available across US, covering more than 92% of the country’s population. The NB-IoT Network, which is Verizon’s additional IoT connectivity option, along with the company’s ThingSpace management platform, APIs, tools and rich ecosystem of partners, aims to empower enterprise clients to develop innovative NB-IoT solutions.

By IoT News, 15 May 2019, 0 comments. Categories: Data & Analytics, IoT.

Chinese retailer JD is pumping $55m into connected vehicles

Chinese retail giant JD is pumping $55 million into connected vehicle fleets to further boost its leadership in logistics automation.

JD is the world's leading company in high-tech and AI delivery through drones, autonomous technology, and robots. The firm possesses the largest drone delivery system, infrastructure, and capability in the world.

According to a filing posted by Jiangsu Xinning Modern Logistics, JD has agreed to invest 376 million yuan...

By Ryan Daws, 14 May 2019, 0 comments. Categories: Connected Cars, Data & Analytics, IoT.

Topaz Energy and Marine team up with Baker Hughes for IoT-enabled vessel maintenance

Dubai-based marine logistics firm Topaz Energy and Marine has placed an order and signed a long-term contract with GE-owned oil company Baker Hughes to deploy the latter’s lubricant condition monitoring system, VitalyX, in order to enhance the maintenance and field time of every vessel in Topaz’s fleet.

The VitalyX system, which is a mix of IoT and latest sensors with condition monitoring software, generates...

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

Filament’s blockchain fills in the data gaps for Nevada university’s autonomous vehicles

The potential with integrating blockchain and Internet of Things (IoT) technologies continues to grow pace – and the University of Nevada, Reno is the next to take that step by combining Filament’s blockchain with its autonomous vehicle.

Blockchain startup Filament is working with the University of Nevada and Reno’s Intelligent Mobility initiative in order to develop a latest standard based on blockchain IoT...

By IoT News, 29 April 2019, 0 comments. Categories: Data & Analytics, Development, IoT, Smart Cities.

Qualcomm launches smart cities accelerator program with community focus

Qualcomm Technologies has announced the launch of its latest smart cities accelerator program – with a particular focus on community.

According to the company, the programme will play an important role in bringing together various communities of companies that has been making use of Qualcomm Technologies’ products, in order to offer a solutions-focused website for the application of smart cities across the world....

By IoT News, 23 April 2019, 0 comments. Categories: Data & Analytics, Development, IoT, Smart Cities.

Smart IoT device payments grow substantially – but security concerns remain

A new report has argued that while smart payment technologies have shown ‘substantial’ growth, ‘significant’ security concerns remain for consumers.

The study, from Transaction Network Services (TNS), evaluated US, UK and Australian consumer experiences with – and attitudes towards – smart payment technologies on IoT-based devices, including voice assistants, Wi-Fi refrigerators, and connected...

By IoT News, 17 April 2019, 0 comments. Categories: Data & Analytics, IoT, Wearables.

Report: Global semiconductor revenue increased 12.5% year on year in 2018

Global semiconductor revenue increased by 12.5% year on year to £362.9 billion in 2018 compared to the previous year, according to a new study from Gartner. 

The report found that 2018 growth was weaker compared with 2017, which was 21.9%. The reason for this downturn was memory growth decreasing to 24.9%, versus 2017 growth of 61.8%.

Andrew Norwood, research VP at Gartner said: “Despite slowing growth, the memory market was still the largest semiconductor market, accounting for 34.3% of...

By IoT News, 11 April 2019, 0 comments. Categories: Data & Analytics, Enterprise, IoT, Standards.

AWS and Canonical publicly release AWS IoT Greengrass as snap software

Amazon Web Services (AWS), together with London-based computer software firm Canonical, has publicly announced the release of ‘AWS IoT Greengrass as a snap’ software, which can run on various Linux distributions.

The software is capable of bringing local compute, data caching, sync, messaging, and ML inference capabilities to edge devices, allowing IoT and embedded developers to install the programme effortlessly...

By IoT News, 08 April 2019, 0 comments. Categories: Data & Analytics, Development, IoT.