Verizon lights the way for future smart grid technology with Peninsula Light Company

Grid Wide Utility Services Intelligent Energy platform

Verizon has been chosen to update Washington State’s Peninsula Light Company (PenLight) power distribution system with Verizon’s Grid Wide Utility Services Intelligent Energy platform. Electric meters equipped with Verizon cellular connectivity will replace end-of-life meters in the homes and businesses of over 33,000 PenLight members.The meters can then be managed using Verizon’s Grid Wide platform. Grid Wide is a managed, cloud-based, Internet of Things (IoT) platform-as-a-service solution developed by Verizon to help utilities modernise their systems. The solution allows utilities to remotely configure, monitor and manage end-points within their service…

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ABB creates intelligent football stadium for FK Austria

FK Austria

ABB, a technology provider, was appointed to transform the Generali Arena, originally built in 1925, into an intelligent, future proofed venue that incorporates the latest in smart building technology and energy efficient power distribution, so that it is more intuitive to control and better suited to the needs of visitors. These IoT solutions are part of the unified, cross-industry digital offering, ABB Ability, which extends from device to edge to cloud and combines deep domain expertise with unmatched proficiency in web-enabled connectivity to optimise operational performance and efficiency. This is…

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Best Transportation claims to be the first to make use of an electric vehicle

Best Transportation

Best Transportation, headquartered in Port Newark, NJ, claimed to announce its first usage of a fully electric class A tractor. The company successfully picked up a container in Maher Terminal, also headquartered in the Port, and delivered the container to a Costco Wholesale location within New Jersey without incident. Best Transportation claims to be the first trucking company to move a container from the Port of New York & New Jersey using an electric vehicle. The use of this type of vehicle is the first step in Best Transportation’s plan…

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New vulnerability found in internet-connected building automation devices

New vulnerability found

Critical internet-connected smart building devices used in many commercial and industrial properties, have been found to be vulnerable to a new malicious attack. This is according to a report from cybersecurity researcher Bertin Bervis. The vulnerability exploits the properties in the building automation protocol (Bacnet) which enables technicians and engineers performing monitoring, setup changes and remote control of a wide range of key smart systems that impact temperature control, and other monitoring systems. Bervis analysed several building automation devices with built-in web applications for remote monitoring and control. They were…

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Smart factory market to cross US$155 bn by 2025

U.S. smart factory market, by application, 2018 & 2025

Global Smart Factory Market is set to grow from its current market value of more than $75 billion (€66 billion) to over $155 billion (€138 billion) by 2025; according to a new research report by Global Market Insights, Inc. The smart factory market is driven by the growing demand for intelligent industrial solutions that organise output and save huge labour & operational costs. These factories are digitally advanced & connected facilities that enhance the manufacturing performance along with replacing human workers in a variety of operations. Several technologies including IoT,…

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China, India, Japan and South Korea set to surpass 1bn installed smart electricity meters in 2025

smart electricity meters

According to new a research report from the IoT analyst firm Berg Insight, the installed base of smart electricity meters in the Asian markets China, India, Japan and South Korea will grow at a compound annual growth rate of 7.9% from 613.4 million in 2018 to reach 965.9 million in 2024. Over the next six years, smart meter penetration among electricity customers in the region is projected to increase from around 67% in 2018 to 94% by the end of 2024. At this pace, Berg Insight anticipates the markets will…

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Berg Insight says 18mn North Americans used connected care solutions in 2018

Berg Insight connected care solutions

A new report from the IoT analyst firm Berg Insight has found that around 18.0 million people in North America were using connected care solutions at the end of 2018.The figure refers to users of medical alert systems, connected medication management solutions and remote patient monitoring (RPM) solutions in Canada and the US. RPM is the largest and most mature segment having a total of 16.1 million users at the end of 2018. The market for medical alert systems is considerably smaller with an estimated total of 3.1 million users,…

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BrainBox AI claims to launch first AI technology for autonomous buildings

BrainBox AI

BrainBox AI announced the launch of its unique technology combining deep learning, cloud-based computing and algorithms to support a 24/7 self-operating building. BrainBox AI is the first Artificial Intelligence (AI) technology designed specifically for Heating, Ventilation and Air Conditioning systems (HVAC) in commercial buildings. Its vision is to redefine building automation and to be at the forefront of the green building revolution. BrainBox AI’s solution leverages AI to predict a building’s thermal load and enables the HVAC system to operate autonomously, in real-time, leading to significant energy and cost savings,…

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Wearable Artificial Intelligence market to exceed 30% growth by 2025, hitting US$180bn

Wearable Artificial Intelligence market

According to a new research report by the market research and strategy consulting firm, Global Market Insights, Inc, the Wearable Artificial Intelligence (AI) Market will reach US$180 billion (€160 billion) by 2025. The explosive growth of smartwatches has been the primary factor propelling the wearable AI market. Continuous improvements in their design and functionality along with availability at lower prices has increased adoption among consumers. Specifically, says the analysts, the introduction of an LTE connectivity feature in smartwatches has provided customers with an alternative to bulky smartphones. Moreover, the convenience…

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Delta demos IoT-based smart green solutions to enable sustainable cities

Delta IoT-based Smart Green Solutions

Delta, a global provider of power and thermal management solutions, has unveiled a portfolio of energy-efficient solutions under the newly launched brand campaign of “IoT-based Smart Green Solutions to Nurture Energy Efficiency in Cities”. At the recent Hannover Messe 2019, Delta focused on Smart Manufacturing, Smart Buildings and Smart Energy Infrastructure. A key show highlight from the company’s Smart Manufacturing offerings is the Digital Factory Monitoring solution, said to be a next-generation platform to enable the digitalised monitoring and control of machinery, operations and energy consumption in manufacturing facilities. The…

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How the Internet of Things improves financial investments

IoT Finance

Can smart technology lead to smart investing? There is ample evidence that this is the case, says Marc Weisberg, managing principal for Soho Investment Partners, given the prominence and proliferation of the Internet of Things (IoT) over the past few years. While there were 15 billion connected devices in 2015, one estimate is that there could be as many as 20 billion by 2020. Sales of IoT devices, meanwhile, rose from $18 billion (€16 billion) in 2009 to $1.1 trillion (€0.97 trillion) by 2017. That figure will likely reach $1.7…

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World’s first full size autonomous electric bus

Volvo 7900 Electric bus

Volvo Buses and Nanyang Technological University (NTU) in Singapore have demonstrated the world’s first 12-metre autonomous electric bus. The Volvo bus will soon begin trials on the NTU campus. The 85 passenger Volvo 7900 Electric bus is equipped with sensors and navigation controls that are managed by a comprehensive artificial intelligence (AI) system. Ensuring maximum safety and reliability, the AI system is also protected with cyber security measures to prevent unwanted intrusions. The Volvo bus has undergone preliminary rounds of rigorous testing at the Centre of Excellence for Testing and…

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ETSI CIM group releases full spec for context information exchange in smart cities

wireless IoT applications

The ETSI Industry Specification Group for cross-cutting Context Information Management (ISG CIM) has just released its main specification GS CIM 009 for NGSI-LD API. It is particularly targeting smart city applications and government services (use cases available in GR CIM 002). This concludes two years of work, including industry feedback on the preliminary release made in April 2018. The name “NGSI-LD” refers to early work of the Open Mobile Alliance in defining high-level NGSI interfaces as well as advances from the Linked Data community. A significant amount of the data…

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On the road to the smart city

smart city US

It is incredible to think that 70 years ago there were just 751 million people living in urban areas. That figure has now grown to almost 4.3 billion. The United Nations predicts urbanisation will continue to increase exponentially, with 68 percent of us expected to live in an urban landscape by 2050 – that’s another 2.5 billion people to accommodate. When you take into account that only three percent of the world’s landmass is taken up by urban development, you’d be excused for questioning just how exactly we are going…

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Volvo and Baidu partner on autonomous taxi project

Baidu Volvo

Swedish vehicle manufacturer Volvo is teaming up with Chinese technology giant Baidu to build autonomous taxis. Together they are aiming to launch a level 4 driverless ride-hailing service in China by 2020. The news follows the announcement of another two-year Baidu project, with Ford, in which the pair will begin level 4 testing on the streets of Beijing before the end of the year. Industry forecasts predict China will represent the world’s largest market for autonomous vehicles in the coming decades. Around 14.5 million autonomous cars will be sold in…

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