The Growth of Connected City IoT Applications Are Slowing Down

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        IC Insights has recently lowered its forecast growth rate for the IoT semiconductor sales. Semiconductor sales for IoT system functions are now expected to reach US$29.6 billion in 2019 instead of the previously projected US$31.1 billion in the same year. Although this may sound like pretty bad news for people believing in consistent exponential growth of IoT applications,  actually there’s only one segment that is losing momentum.         Based on IC Insight’s criteria, the…

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Citywide, Free-to-Use IoT Network Launched in London

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The British government just made London smarter. Digital Catapult, partially funded by the British government, has launched a citywide and free-to-use IoT network in London. “We aim to roll Things Conneted out to help remove the barriers to IoT technology for businesses and create new revenue opportunities for entrepreneurs,” said Jeremy Silver, Digital Catapult’s CEO. Things Connected is comprised of 50 LoRaWan base stations to which users will be able to connect for free. If the initial test goes well,…

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IoT Takes Retail to the Next Level

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According to Grand View Research, the global connected retail market size was estimated at US$11.17 billion in 2014, and is expected to reach US$53.75 billion by 2022, largely thanks to increase in the number of IoT applications. IoT has made its way into retail stores. Take beacon for example. The moment a customer steps into a shop, it helps retailers automatically send notifications of discount to the customer’s smartphone. Another application of the IoT technology is customer-retail interaction. Through smartphone…

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IoT is Shaping Better Learning Experiences

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With the appearance of MOOC (Massive Open Online Course) and online educational environment that most universities are using to provide students with an access to more information for classes they’re taking, Internet has gradually become an important element in everyone’s educational journey. The adoption of IoT carries multiple benefits for educational institutions. It helps enhance students’ learning experience, track key resources on campuses to increase energy efficiency, and improve campus safety. IoT can be utilized throughout the education process starting from…

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IBM’s Watson IoT on Drones

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IBM has agreed on a deal with the Dutch drone maker Aerialtronics. IBM’s Watson IoT technology interacts with complex and unstructured data input from devices. The deal was made to bring Watson IoT technology to unmanned aircraft, and complete tasks that are done by humans for now. For starters, the two target cell tower maintenance market. Instead of sending humans to laboriously climb towers and report back, drones are expected to conduct the inspection. Adding IBM’s visual recognition application programming interfaces…

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Freight Farms: Introducing a New Way of Farming

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Freight Farms, best known for inventing the “shipping container farms”, is aiming to further simplify the farming process. With a vision to minimize the time required only to necessary actions, Freight Farms’ next goal is to simplify the farming process to planting, monitoring and harvesting. Farmers can order supplies directly from Freight Farms. Then, the system will automatically monitor and control the amount of nutrients used, since it knows exactly how the plants are growing. At the end, farmers receive…

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IoT is an Important Part of Digital Transformation in Banking Industry

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Fintech, the abbreviation of Financial Technology, has been a buzzword in recent years. The main concept of fintech is about how technologies can make financial services more convenient and efficient. There have been many startups focusing on developing fintech-related applications, and many of the major banks have also been trying to jump on the bandwagon to stay competitive. IoT has stepped in the evolution of the banking industry and been taking on an important role.   Banks are innovating by…

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Verizon’s Latest Move in IoT

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Verizon has been very active in the IoT market these days. On Monday, Verizon announced their acquisition of Sensity Systems. Terms of the deal were not disclosed, but rumor has it that the deal will be closed in the fourth quarter this year. The Sunnyvale-based startup aims at capturing and transmitting real-time data by embedding networking technology and sensors within LED luminaries. It has raised US$74 million in venture funding. General Electric, Cisco Systems and other big names are also…

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IoT Adoption at Whirlpool

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IoT technology is largely employed on home appliances. Whirlpool, as home appliances giant, is putting effort into making the best use of it. The following are extracted from a recent interview between Michael Heim, CIO (Chief Information Officer) of Whirlpool Corporation, and Forum on World Class IT. According to Heim, Whirlpool sees tremendous opportunity in IoT technology since it gives them a better glance at their products. One of the biggest internal problem often faced by their call center is getting the model…

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IoT and 3D Printing Together Bring About Greater Manufacturing Capabilities

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3D printing combines multiple stages of production to make the whole manufacturing process more automatic, efficient and cost-effective. Having said that, 3D printing technology can still be further enhanced with the introduction of IoT capabilities. According to a survey conducted by TATA Consultancy, manufacturing companies that have been making good use of IoT technologies saw an average of 28.5% increase in revenue between 2013 and 2014. IoT is helping the development of 3D printing businesses in a sense that its…

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