Silicon Valley AI Startup Wins Nokia Open Innovation Challenge 2016

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MoBagel Dazzles Nokia with 90% Prediction Accuracy MOUNTAIN VIEW, CALIFORNIA — Nokia Open Innovation Challenge 2016 ended on October 21st in Paris. The top 3 winning teams were CUJO, iSono Health and Silicon Valley-based AI startup MoBagel. Following its recent MoBacooperation with SoftBank, this triumph marked MoBagel’s latest achievement with another crucial new partner, Nokia. Nokia Open Innovation Challenge 2016 was a call for innovation in the Internet of Things (IoT), specifically in the fields of connected automotive, public safety,…

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How Is IoT Transforming the Pricing Strategy of IT Companies?

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There’s no denying that the Internet of Things has got the ability to help businesses improve their financial results and help individuals lead better lives. However, you may not have noticed that IoT had instilled a new way of thinking into business professionals. The power of IoT brought about the change in the perception of value creation, propelling IT companies to revamp their business models and pricing strategies by placing more emphasis on benefits delivered instead of products sold. Traditionally,…

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Brazil Might See an Even More Bumper Crop Following the Adoption of IoT

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Latin America’s largest and most influential telecoms and IT conference Futurecom gathered top industry players to discuss the latest technological applications, and of course, the Internet of Things is included. The great relevance and importance of IoT to most enterprises were once again stressed considering IoT was chosen as one of the morning keynote topics on the Day One of the conference. Throughout the 4-day annual conference beginning on October 17th in the city of São Paulo of Brazil, plenty…

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Trenitalia Is Betting on IoT to Create Growth Opportunities and Lower Operating Costs

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As the primary train operator in Italy, Trenitalia has 8,000 trains that are traveling around the country per day. Recently, it has announced a plan to revamp its fleet by introducing IoT technologies, which would make it easier to keep track of all its vehicles and design a better maintenance schedule for each train. Previously, maintenance efforts were arranged based on how long the train had been in service and how much distance it had traveled. This led to unnecessary…

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Leaders of IoT Applications are Uniting to Develop Best Solutions

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Nowadays, significant breakthroughs in all kinds of fields are not likely to happen without the collaboration of multiple parties. Considering the tremendous power of teamwork, leading IoT companies decided to work more closely together instead of fighting alone. In October 2016, two of the most influential IoT consortia were combined to allocate resources in a more efficient way to speed up the development of IoT applications. One of the aforementioned consortia was called AllSeen Alliance, officially formed back in 2013,…

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