The Internet of Things (IoT) has been dominating the headlines lately, unfolding on many fronts across the globe. This post from Vikash Kumar Chaudhary of Tatvasoft.com sums up how a restaurant owner, purveyor, or grower can make the most of this tech to automate all the tedious tasks and focus on something else.
If we take a close look at the hospitality sector, I am sure you will find it entirely driven by the customer service.
Artificial Intelligence (AI) and the Internet of Things (IoT) are terms that project a futuristic and science fiction image; both have been identified as causing disruption in business in 2018. In fact, says Harnil Oza, CEO of Hyperlink InfoSystem, both concepts are more real today than they have been at any time in the past.
However, for companies to be aware of the full potential of the IoT, then IoT has to be merged with Artificial Intelligence (AI) technologies that advance rapidly.
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.
IoT proves to be a transformative force for many businesses, regardless of industry. Yet, there are a few sectors that can benefit from this concept in particular – and both start-ups and small to medium-sized enterprises (SMEs) seem to be well aware of that, as new ventures offering powerful IoT solutions emerge.
Before digging deeper into the Internet of Things, meet top IoT start-ups within rapidly developing industries, says Emil Waszkowski, growth manager & business analyst at Future Mind.
The world of technology is coming out with new future concepts like Artificial Intelligence (AI), Machine Learning (ML), the Internet of Things (IoT) and the list goes on. Also, says business analyst Elisha Swisten, there are some ingenious technologies that have a practical aspect of how the world runs.
The widespread adoption of the IoT has already made a serious impact on the way organisations are using connected devices to drive the business.
Environmental monitoring is beneficial in a wide variety of areas, and due to IQRF Alliance members cooperation, projects are implemented quickly and efficiently.
The new IQRF Alliance member – České Radiokomunikace a.s. – provides low-energy long-distance communication and an integration platform. Representatives of companies will present using LoRaWan™ and IQRF® as complementary technologies in a specific energy project at the IQRF Summit.
Michal Ruda, Business Development Manager IoT, České Radiokomunikace a.s.: “The LoRaWAN™ network and its equipment, combined with the IQRF® mesh network, provide perfect synergy for complex IoT solutions where not only robust autonomous control functions but also low energy remote communication are required.
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.
Nokia has introduced four ready-made IoT packages to help mobile network operators go after the agriculture, livestock management, logistics, and asset management markets. Its new IoT packages – available “off-the-shelf” and “as—a-service” – will drive new revenues for operators, with “minimal investment and less risk”, it said.
The four new IoT solutions make use of Nokia’s Worldwide IoT Network Grid (WING) infrastructure, which bundles global IoT connectivity, devices, applications, and support.
Huawei has launched its 5G multi-mode chipset Balong 5000 – along with the first commercial 5G device powered by it, the Huawei 5G CPE Pro.
The company claims that together, these two new products provide “the world’s fastest wireless connections for your smartphone, your home, the office, and on the go”.
Be that as it may, this chipset supports a broad range of 5G products in addition to smartphones, including home broadband devices, vehicle-mounted devices, and 5G modules.
Splunk Inc, reports that Zeppelin GmbH, is using Splunk Enterprise to reduce the risk of factory shutdowns and predict machinery and equipment maintenance.
Zeppelin provides solutions in the following areas: construction machinery, mining machinery, agricultural machinery, rental machinery, construction logistics, construction site management, drive, propulsion, traction and energy, engineering, and plant engineering. It also develops new digital business models for the construction sector. The Zeppelin Group has 190 sites in 35 countries and generated a sales volume of 2.75 billion euros in the 2017 financial year; more than 8,000 employees (including trainees) contributed to this success.
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.
The Linux Foundation, the nonprofit organisation enabling mass innovation through open source, announced the launch of LF Edge, an umbrella organisation to establish an open, interoperable framework for edge computing independent of hardware, silicon, cloud, or operating system.
LF Edge is initially comprised of five projects that will support emerging edge applications in the area of non-traditional video and connected things that require lower latency, faster processing and mobility.
LF Edge includes Akraino Edge Stack, EdgeX Foundry, and Open Glossary of Edge Computing, formerly stand-alone projects at The Linux Foundation.
The technologies associated with the Internet of Things (IoT) and machine to machine (M2M) connectivity are enabling a new wave of wireless networking applications within the industrial automation sector.
According to the latest global market study by Berg Insight, annual shipments of wireless devices for industrial automation applications reached 4.6 million units worldwide in 2018, accounting for approximately 6 percent of all new connected nodes.
Growing at a compound annual growth rate (CAGR) of 16.3 percent, annual shipments are expected to reach 9.9 million in 2023.
Water and gas meter shipments will see double-digit revenue growth over the next five years. If this market forecast comes true it will be welcome news in a market where smart electricity shipments are contracting and greatly slowing growth of overall revenues across the entire metering segment.
According to ABI Research, energy and water utility meter installations will result in annual shipments of 151 million smart meters in 2018 and will grow at a compound annual growth rate (CAGR) of 3.2% to reach 193 million units by 2026.
The fourth edition of IoT conference with the IQRF® wireless network technology will bring news from the world of industry, smart cities and buildings. Members of the IQRF Alliance face new challenges from a wide range of areas of life, such as healthcare, breeding or farming. At the conference, you can personally meet with representatives of companies providing for example parking, lighting or air quality monitoring, and find out which solutions are already available on the market.
Iguazio, the serverless platform for intelligent applications, announced it is partnering with Google Cloud to enable real-time AI across the cloud and intelligent edge. Google Cloud and Iguazio’s hybrid cloud is enabling Trax, the provider of computer vision and analytics solutions for retail,to benefit from Kubernetes and a cloud-native architecture without managing its underlying infrastructure. Trax’s retail solutions leverage image recognition and predictive analytics to efficiently manage the physical shelf for consumer packaged goods manufacturers and retailers.
At CES 2019, LG Electronics (LG) will debut an updated version of its wearable CLOi SuitBot alongside a lineup of improved service robots which are nearing commercialisation.The wearable LG CLOi SuitBot supports the lower body to reduce stress when lifting and bending while the enhanced CLOi service robots – PorterBot, ServeBot and CartBot – will demonstrate their more advanced capabilities made possible by LG’s continuously evolving AI and robotics knowhow.
Originally unveiled last fall in Berlin, the updated LG CLOi SuitBot supports the user’s waist and augments their own muscle power to reduce the risk of injury and fatigue when performing physically demanding tasks such as lifting and lowering heavy loads.
The Belfast-based startup is upbeat on the potential of ECG biometrics to identify individuals as well as to gauge their health and physical state.
Passwords are a pain. It is all-too-tempting to reuse the same password whenever possible, but irregular password requirements and security recommendations make it necessary to memorize or otherwise keep track of scores of passwords for everything from online commerce to banking to email accounts. And yet breached passwords are involved in many cybersecurity breaches.
A roughly 30-minute subway ride away from Vienna’s inner core is Aspern, an emerging neighborhood that is home to one of Europe’s most-ambitious smart city projects. Launched in 2009, the project is intended to be a test lab for urban energy use, as well as to showcase a smart city initiative that points the way forward for other similarly-minded, technology-oriented urban planners.
“We are working on solutions for a really renewable energy future,” said Georg Pammer, manager of Aspern Smart City Research.
Recent Deloitte research shows that more than 50 percent of customers expressed interest in acquiring custom products. Empowered by the development of technologies, they are willing to become co-producers and have the opportunity to shape the products they purchase themselves.
To respond to the expectations of individual customers, enterprises have embraced mass customization, which allows them to create products tailored to the needs of a particular buyer while retaining high production volumes and relatively low production costs.
Dell EMC and Nokia have joined as lead technology partners in a public-private smart city initiative to help the historic Dutch City of Delft reduce truck congestion in the city center using semi-autonomous, hydrogen-powered barges in existing waterways for ‘last mile’ transportation. This collaboration is intended to help reduce traffic, in turn helping the region meet carbon emission, sustainability and economic development targets.
The world’s urban population is expected to double by 2050, and this only serves to increase the demand on already stretched municipal resources.
UK supermarket chain Waitrose is planning to deploy autonomous robots, from Shropshire-based robotics start-up Small Robot Company, to farm its Leckford Estate.
The Telegraph reports that the three-year trial, will see three types of robot, known as Tom, Dick and Harry, analyse, plant and weed crops at the 4,000 acre farm near Stockbridge, Hampshire.
Tom handles crop and soil monitoring, Dick is responsible for precision spraying and laser weeding, while Harry takes care of precision drilling and planting.
Finnish ferry operator Finferries has demonstrated the world’s first fully autonomous ferry, thanks to a collaboration with engineering giant Rolls-Royce.
A car ferry, by the name Falco, used Rolls-Royce Ship Intelligence technologies to navigate autonomously between Parainen and Nauvo in Finland, before the return journey was carried out over remote control.
The ferry’s sensors worked alongside its AI and collision avoidance technology to complete the journey, even berthing using a newly-developed autonomous navigation system, without any intervention from the crew.
Schneider’s highest-ranking IoT executive said the company’s Industrial IoT and AI strategy is based on pragmatism.
Cyril Perducat, Schneider Electric’s executive vice president of IoT and digital offers, is a pragmatist. And as such, he views the Internet of Things as simply “a means to an end” and says artificial intelligence “can suffer from an excess of fanciness.” Some people in the industrial space become so enthralled with the potential of artificial intelligence that they started dreaming up science-fiction-like possibilities, Perducat explained.
Dutch satellite company Hiber will launch its first ‘HiberBand’ nano-satellites over the next few days, delivering connectivity to remote locations around the world.
The Dutch government-backed project claims to be the first truly global satellite solution and hopes to help bridge the digital divide that means 90 percent of the world is currently unable to use connected tech.
The start-up is run by the founders of JustEat, TreatWell and Booking.com.
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 to cope with the number of people flocking to cities around the world.
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.
The world’s population is expected to increase by another two and a half billion to 10 billion by 2055. At the same time, the amount of arable land is expected to shrink as increased urbanisation takes hold. And that’s before other issues such as climate change are factored into the equation.
The end result is a lot of mouths to feed and no obvious way to provide the substantial increase in food production required.
US telecommunications company AT&T has partnered with Swedish IT and engineering firm Prevas to create IoT solutions for industrial and healthcare environments.
The three-year deal will see AT&T’s IoT products combined with the industrial design and engineering experience of Prevas.
The joint offerings will be shaped to help customers get their connected products and services to market more quickly. These customers include companies in the automotive, defense, energy, healthcare, engineering and technology sectors.
The transportation and logistics industries are undergoing sweeping change. Electric vehicle and lithium battery costs are falling quickly, autonomy software is improving at a rapid pace, and ride-sharing platforms are leading customers to question the need to own their own car.
These three trends – electrification, autonomy, and access-over-ownership – are reshaping every part of the industry and moving the sector into a new era of integrated mobility. The resulting vision is one of a seamless transit experience incorporating multimodal, public and private transport.