In western Europe you may think of security of power supply in terms of keeping the regulator happy and avoiding fines. In the extreme cold of Russia and Kazakhstan says Jeremy Cowan, the focus is on saving lives by avoiding unexpected shutdowns in power generation.
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.
Digitalisation is making a relentless headway and transforming all kinds of industries and economic sectors, as a result of which many companies are assessing the most suitable technologies to invest in.
It has now been confirmed that Ted Schönbeck, head of Cloud Technology at Google Cloud, will inaugurate ECS 2019 which takes place November 5-6 at Kistamässan in Stockholm. He will also hold the keynote presentation ”AI – from hype to reality”.
According to a new market report the global location-based ambient intelligence market is projected to reach a value of approximately US$497 billion by 2027. According to Transparency Market Research, the market is projected to expand at a compound annual growth rate (CAGR) of about 21% from 2019 to 2027.
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.
Digital Twin Market size is set to exceed US $20 billion (€17 billion) by 2025; according to a new research report by Global Market Insights, Inc.
With the expected number of smart devices predicted to hit 20 million by 2020, smart technology is now mainstream. Over the last five years, says Oliver Iltisberger, managing director of ABB’s Building Products business line, we have seen a shift from simple functions like thermostats, doorbells and light bulbs to truly intelligent buildings that adapt to meet user needs.
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