Experienced executives in many sectors will tell you that today they face their toughest business challenges ever. Even leaders in successful and well-established enterprises are concerned at what the third decade of the millennium holds for them. Lean new competitors are entering the market, they enjoy lower operating expenses and are using disruptive technologies to tear up the rule [...]
IoT Now Magazine (ISSN 2397-2793) explores the evolving opportunities and challenges facing service providers across this sector. Our exclusive interviews pass on the key lessons learned by industry leaders in next gen Machine-to-Machine (M2M) and Internet of Things (IoT) services. In this issue:TALKING HEADS: Bruno Jacobfeuerborn [...]
Storing information on the cloud makes a lot of sense for businesses in the tech industry. It provides them with flexibility, scalability and an affordable alternative to costly on-site infrastructure.
Global technology spending on the Internet of Things (IoT) is expected to reach $1.2 trillion (€1 trillion) in 2022, led by industries such as discrete manufacturing $119 billion (€108 billion), process manufacturing $78 billion (€70.8 billion), transportation $71 billion (€64.5 billion) and utilities $61 billion (€55.4 billion).
Small manufacturers, many of whom have been in business for decades and consistently generate $2 million (€1.8 million) to $20 million (€18.1 million) in annual revenue, are seeking an exit strategy. The founders of these companies are often critical suppliers in the industry sector supply chain including aerospace, aviation, automation, machining, and food production.
In early 2019, the UK’s first smart factory was created, using the newly launched 5G communications network to facilitate quick data transfer speeds.
The Global Smart Home Devices Market was valued at US$14.55 billion (€13.2 billion) in 2018 and is expected to reach $40.23 billion (€36.5 billion) by 2023, according to the 2019 Smart Home Device Market Report.
The Internet of Things (IoT) has long been predicted to be one of the main drivers of revenue within the fourth industrial revolution across a range of different industries.
The Internet of Things (IoT) is one of the major influencing trends in the digital transformation of the global economy.
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