World-leading smart factories identified by World Economic Forum

WEF Smart Factory

The World Economic Forum (WEF) has released a list of what it says are nine of the world’s smartest factories when it comes to adopting industrial IoT (IIoT) technologies. These ‘lighthouse’ facilities, as they are called by the WEF, have been selected from an initial list of some 1,000 manufacturing companies, based on their successful implementation of Fourth Industrial Revolution (4IR) thinking, in ways that have had proven financial and operational benefits. The aim of the WEF initiative is to build a network of such ‘lighthouses’ worldwide, in order to…

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Global IIoT market to surpass $176bn by 2022

IIOT industry

The Industrial Internet of Things (IIoT) market is forecast to surpass $176 billon by 2022, according to a new report by analysts at Market Research Engine. Their latest study looks into the market share and company profiles of key participants in the global IIoT sector, such as General Electric, Cisco, Intel, Rockwell Automation, ARM, ABB, Siemens AG, Honeywell, Dassault Systemes, Huawei, Zebra Technologies, IBM, Bosch, and others. Market Research Engine suggests that the IIoT market will grow at a compound annual growth rate (CAGR) of more than eight percent over…

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Report: Lack of targeted solutions tempering IoT adoption

industry iot

Enterprise customers have tempered their expectations about the pace of IoT adoption. That’s the conclusion drawn from the latest report from global management consultancy Bain & Company, ‘Unlocking Opportunities in the Internet of Things‘. Despite industry-wide reservation that stems from a lack of targeted solutions, integration complexities and other barriers to adoption, Bain & Company expects the combined markets for the Internet of Things (IoT) – which includes hardware, software, systems integration, and data and telecom services – to grow to $520 billion by 2021. That figure represents a more…

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Scandit raises series B funding to bring IoT to everday objects through computer vision

Scandit

Scandit, an enterprise technology platform for mobile computer vision, bar-code scanning and augmented reality, has announced that it has raised $30 million in Series B funding led by GV, with participation from NGP Capital and existing investor Atomico, among others. Scandit has previously raised $13 million. The new funding will enable Scandit to accelerate global expansion and further develop its mobile computer vision platform to support advanced capabilities across any camera-equipped device. The funding is intended to propel Scandit’s long-term vision of bringing the Internet of Things to everyday objects.…

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IBM showcases Watson momentum in Europe as well as cloud success

IBM Watson

IBM is certainly making progress in Europe if recent releases are anything to go by – both in cloud and with its AI-enabled assistant Watson. Many of the company’s new European clients are using Watson, according to a momentum release, including Spanish electricity grid operator Red Eléctrica de España, Italian elderly care provider Cooperativa Sole, Dutch telecommunications operator Tele2 and Israeli manufacturer of smart air conditioning Electra Group. Bret Greenstein, global vice president of IBM Watson Internet of Things Offerings, said: “IBM announced a $3 billion investment globally to bring…

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Industrial IoT is where the action is – but success will need leadership

Industrial IoT

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 B2B uses or Industrial IoT, sometimes referred…

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Ericsson and China Mobile continue IoT collaboration with recent updates

Ericsson and China Mobile

Ericsson and China Mobile have signed a cooperation agreement around the Swedish operator’s Device Connection Platform in order to strengthen the latter’s IoT goals. The agreement, signed at Mobile World Congress Shanghai last week, is based on the strategic cooperation framework agreements which the two firms signed at MWC in Barcelona this year for the expansion of IoT opportunities in industry and enterprises. Qiao Hui, general manager of China Mobile IoT, said: “By launching DCP, we will be able to solve unified connection management and roaming across borders for our…

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Internet of Parcels: Unpacking the potential of smart packaging

logistics IoT

The promise of Internet of Things (IoT) technology lies in the details. Anything can be given a digital identity and connected to anything else. However, finding applications that truly add value is another matter entirely. In retail and logistics, however, a coherent methodology is emerging around the concept of smart packages. Everyday packaging is becoming smarter with the help of technologies such as Radio Frequency Identification (RFID), QR codes, Near Field Communication (NFC), and cloud services, in a variety of different combinations. The result is that connected boxes, pallets, and…

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IIOT: Grace Engineered Products acquires Civionics

GracePort

Grace Engineered Products announces the acquisition of Civionics—the creators of Percēv IIoT predictive sensing technology. Artificial Intelligence (AI) built into each Percēv wireless sensing node maximizes battery life and enables predictive maintenance capabilities to be easily deployed on both new and legacy assets. The technology helps users find failures before they occur. Their proven industrial communications and edge processing capabilities create unsurpassed uptime benefits for both operations and maintenance managers. In 2005, Civionics CTO, Andy Zimmerman Ph.D., and CSO, Jerry Lynch Ph.D. conceived the precursor to today’s Percēv technology. For…

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Johnson Controls acquires Smartvue Corp.

Smartvue

With the acquisition, the cloud services provider is adding a global IoT platform and partner revenue opportunities to its portfolio. Johnson Controls has announced that it has acquired Smartvue, a leading IoT and video provider which empowers cloud video surveillance and IoT video services. The addition of the Smartvue cloud-based video platform will enhance Johnson Controls’ offering of an end-to-end, smart cloud based solution that can provide superior business data and intelligence to customers and added value to partners. Nashville-based Smartvue’s global video surveillance and IoT video cloud platform is…

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Borqs Technologies signs letter of intent to acquire Shanghai KADI Machinery Technology Co.

BORQS

Borqs Technologies, Inc. (Nasdaq: BRQS, the “Company”),a global leader in embedded software andproducts for the Internet of Things (IoT), announces the signing of a Letter of Intent (“LOI”) to acquire 60% of Shanghai KADI Machinery Technology Co.,Ltd (“KADI”). KADI was found in 2006 and develops embedded software and hardware for core electric control modules of electric vehicle (“EV”). KADI’s currentproducts include DCDT (boost function), OBC (charger system), BMS (battery management system) and VCU (main controls). Since its formation, KADI haspartnered with the leading automotive companies of China, including Geely Auto,…

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A first mover disadvantage or IIoT ecosystem confusion?

IIOT

Success with industrial digital transformation largely hinges on a thorough analysis of the IIoT ecosystem. What if companies first to adopt concepts like digital transformation and the Industrial Internet of Things (IIoT) weren’t necessarily the first to benefit from them? And what if their grandiose ambitions to redefine their business with digital tools drains their budget while taking their focus away from legacy product and service offerings? This unfortunate state of affairs would then allow competitors to chip away at their business while simultaneously learning from the success and failures…

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Will IoT Trump Blockchain And AI As The Megatrend Of 2018?

blockchain

Pundits and prognosticators are busy predicting which technologies to watch in 2018. In his article, Top 10 Trends For Digital Transformation In 2018, for example, analyst Daniel Newman offers a compelling list that includes the Internet of Things (IoT), analytics, blockchain, artificial intelligence, and virtual reality. Newman gets no argument from me. In fact, many of the businesses I wrote about this year are already putting these technologies to good use. Look no further than IoT. For several of these companies, the Internet of Things is more than just a…

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Hitachi High-Tech Solutions Signs Strategic Partnership Agreement With Equity Participation in Flutura

Flutura

According to the company, the accelerated deployment of artificial intelligence enables IIoT solutions for industrial companies. Hitachi High-Tech Solutions Corporation (Hitachi High-Tech Solutions), a subsidiary of Hitachi High-Technologies Corporation (TSE: 8036) announced today that it would invest an undisclosed amount and has concluded a strategic partnership agreement in Flutura Business Solutions Private Limited (Flutura), a disruptor in the Artificial Intelligence space powering Industrial IoT (Internet of Things) use cases. This collaboration will pave the way for providing market leading solutions to customers’ through rapid and cost-efficient implementations. In recent times,…

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Avnet to provide end-to-end services for IoT device makers

The new services continue to build out the company’s IoT strategy. Seeking to further enhance support for IoT device makers, Avnet will roll out new services aimed at easing everything from design, to production, to ongoing device maintenance. The new services aim to help professional engineers, businesses and startups alike build business cases, design and build connected devices, better enable digital and connectivity support and ease lifecycle management, including assistance managing firmware and security updates and warranty programs. To that end, Avnet will work with key partners around, for instance,…

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