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.
A new project is connecting the UK city of Sheffield’s citizens to a free, superfast Wi-Fi network to overcome the digital divide with “fibre through the air”.
Recent reports suggest that major growth in the use of blockchain for IoT means the market is set to be worth more than $3 billion (£2.21 billion) by 2024.
Engineering giant Rolls Royce pioneered servitisation in 1962 with its Power-by-the-Hour approach to jet engine maintenance management. The service, which allows operators to purchase the power used rather than a complete engine, celebrated its 55th year in 2017 and has proven extremely popular in the aerospace market.
It was inevitable that the technology du jour, artificial intelligence (AI) dominated opening exchanges at today’s Economist Innovation Summit (#EconInnov). And for those – like me, admits Jeremy Cowan – who believed that AI is still mostly a series of chatbots and pilot projects there was an early wake-up call.
Inmarsat and Rolls-Royce have signed a Letter of Intent (LOI) to have the option to make the Rolls-Royce Energy Management system available via Inmarsat Maritime’s Fleet Xpress high-speed broadband service, to reduce energy consumption and support environmental compliance.
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