Industry News

From 2010 to 2015, the amount of money that had been invested in IoT companies totaling more than $7.5 billion. In 2015, investors started to notice the enormous potential of enterprise IoT solutions and shifted their focus to industrial IoT applications from consumer-centric IoT solutions. As a result, over 75% of IoT funding was used to finance the development of industrial IoT solutions in 2015, up from slightly less than 50% in 2014. This trend is likely to continue in…

Brava is the latest company to raise funds in IoT. However, there’s not much information disclosed about this newborn. The following is all we’ve learned so far. On Brava’s website, it simply says, “We are an IoT and domestic automation company that integrates technology and design to enable joyful experiences in the home — starting with the kitchen.” San Francisco-based venture capital firm, True Ventures, has led a US$12 million Series A round in the mysterious startup, and the money…

        One of the most important things that IoT could achieve is helping people to better maintain their health. IoT technologies are becoming more and more common in the healthcare field. The following are three of the benefits healthcare industry can enjoy with the aid of IoT:         (1) A continuum of care: People go to several medical institutions for diagnoses and treatments, leaving multiple records. However, these records aren’t always well compiled and…

        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…

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,…

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…

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…

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…