The rapid growth of the Internet of Things (IoT) will continue into 2020 and beyond. We have now reached the point of no return, says Ian Marsden, founder and CTO of Eseye. The world relies heavily on connected devices and continued innovation in the fields of artificial intelligence (AI), machine learning, and voice-controlled devices is powering further growth.
With an estimated 29 billion connected devices expected to be in operation by 2022 – and over 75 billion Internet of Things (IoT) devices anticipated to be in use by 2025 worldwide – the Internet of Things is a major consideration for forward-thinking enterprises.
The Internet of Things (IoT) promises more flexibility and functionality for enterprises than ever before. More connected devices hold the promise of helping enterprises streamline supply chain operations, increase efficiencies and reduce costs within existing processes, enhance product and service quality, and even create new products and services for customers.
IIoT (Industrial Internet of Things) has ushered in a new era of efficiency and intelligence for the manufacturing industry.
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 [...]
Cambridge-based Iotic has secured investment of €7.5 million (UK£6.5 million) to accelerate growth and meet increasing demand for its pioneering digital twin technology.
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).
With the rising number of IoT devices, which is expected to surpass the 20 billion mark by next year, there are a lot of big changes to anticipate.
A WEEK IN IoT – 5G is starting strong, says Huawei. The company’s deputy chairman, Ken Hu, told its annual Mobile Broadband Forum (#MBBF) in Zurich, Switzerland last week that 5th Generation mobile communications “arrived faster than expected,” and that there are now 40 carriers in more than 20 countries supporting 136 different 5G-enabled devices.
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