Molex predicts increase in applications using real-time data to drive advancements across electronics ecosystem

LISLE, IL – Molex, a global electronics and connectivity provider has offered its 2023 industry predictions fueled by the increased investment in applications using real-time data to propel major advancements across automotive, consumer devices, data centre and connected healthcare markets. The emergence of powerful applications, such as artificial intelligence, AR/VR, digital twins, sensors and machine learning, benefit from connected data to deliver unprecedented customer value, starting with product design and ideation and extending to supply chain intelligence, advanced manufacturing and fulfillment.

“The collection of rich data has produced initial waves of highly-intelligent, specific applications that are transforming entire industry segments while creating a glut of information that causes bandwidth and latency issues,” says Lily Yeung, VP at Molex Ventures. “As more applications for AI, AR/VR and IoT sensors emerge, we expect pressure for faster cloud-computing speeds and edge-computing solutions that move data processing and computational storage closer to the edge of high-speed networks. Additionally, we see a continued push for 5G, diagnostic wearables and electrification, which will contribute to ever-increasing amounts of data that must be collected, calibrated and shared across a multitude of smart devices and platforms.”

Molex also forecasts a rise in cross-functional data collection to support integrated demand planning and end-to-end supply chain visibility across the electronics ecosystem. Integrated risk insights will boost logistics visibility, recovery and transportation while digital twins will play a major role in improving supply chain visibility, agility and performance. These trends, among others, will accelerate the pace of market-specific innovations in 2023, including:

Automotive applications put data front-and-centre

  • Advanced Driver-Assistance Systems (ADAS) will depend on data from a constellation of sensors, from cameras and LIDAR systems to AI applications that analyse data, identify road hazards and present information in intuitive, integrated displays.
  • Automakers will make prescriptive moves to enable Level 2 and Level 3 Autonomy. Interest and investment will be concentrated on mass-market adoption of Level 2 and Level 3 Autonomy.
  • Major investments in battery management, zonal architectures and EV charging stations will dominate. Emerging demand for Infrastructure advancements is expected to escalate over the next 12-to-18 months, which also will place greater emphasis on the need for intelligent sensors and high-speed connectors.

Industrial metaverse will impact development of consumer devices and IIoT solutions

  • AR/VR will leverage early success in the industrial sector, giving consumers a hint of what’s to come. It won’t be mainstream for five more years, but new offerings from Apple, Meta and others will illuminate the vision of what the near future will hold.
  • Investments in Industrial IoT will grow, thanks to strong use cases in industrial settings. IoT in factory and other industrial settings – such as robotics and AI will see a surge in usage, as businesses roll out investments made over the last few years.
  • Supply chains for consumer devices will diversify to keep pace with market dynamics. Supply chains for mobile devices will continue to expand away from China, and will accelerate, resulting in incremental investment from major U.S. and even Chinese device-makers into India.

Data centre investments will continue to focus on processing speed and capacity

  • An insatiable appetite for computational processing speed and storage capacity continues. The explosion of IoT and applications for consumer and business sectors will create a major macro trend for more robust compute and storage capabilities.
  • Edge computing will grab the largest share of investments. The migration toward Extended Reality (XR) will move data processing to the edge, allowing inferencing to happen more in real time to match performance expectations.

Demand for personalised/customised healthcare solutions will dominate.

  • Continued blurring of consumer vs. regulated products creates challenges. Providers of wearable diagnostics and the use of tracking applications for fitness, mental health and other applications must navigate the regulatory environment, which requires specialised expertise.
  • Data privacy and security remain top priorities. Remote patient monitoring is becoming less about connectivity and more about actionable real-time information analysis, especially amid persistent privacy and security sensitivities.
  • Mental-health diagnostic applications emerge. Post-Covid emphasis on well-being has opened the door wider for mental health diagnostic solutions.

Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow


LEXI develops universal IoT platform for easing IoT experience

Posted on: December 5, 2022

Berkeley, United States – LEXI, the company behind the comprehensive IoT technologies that are transforming how both enterprises and consumers manage and automate their smart spaces, announced the LEXI IoT platform – a sizable step forward in easing the IoT experience for everyone connecting products, across apps, and across ecosystems.

Read more

CloudBees joins Amazon EC2 Spot Ready Partner program

Posted on: December 5, 2022

San Jose, United States – CloudBees, a software delivery platform for enterprises, announced that it achieved the Amazon Web Service (AWS) Service Ready program for Amazon Elastic Compute Cloud (Amazon EC2) Spot instances. This designation recognises that CloudBees and its CloudBees CI solution has demonstrated support for Amazon EC2 Spot instances.

Read more

The IoT Adoption Boom – Everything You Need to Know

Posted on: September 28, 2022

In an age when we seem to go through technology boom after technology boom, it’s hard to imagine one sticking out. However, IoT adoption, or the Internet of Things adoption, is leading the charge to dominate the next decade’s discussion around business IT. Below, we’ll discuss the current boom, what’s driving it, where it’s going,

Read more

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, home automation using iot is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more

What is IoT?

Posted on: July 7, 2019

What is IoT Data as a new oil IoT connectivity What is IoT video So what’s IoT? The phrase ‘Internet of Things’ (IoT) is officially everywhere. It constantly shows up in my Google news feed, the weekend tech supplements are waxing lyrical about it and the volume of marketing emails I receive advertising ‘smart, connected

Read more