Three years ago, the big story was that IoT adoption had pretty much stalled as businesses tried to implement various IoT projects and found they didn’t scale well or didn’t do what was intended. In 2020, survey respondents said they’d moved from 4.34 ("in planning") to 6.82 ("early implementation") on The Economist Intelligence Unit’s "IoT Business Index 2020." 65% of respondents agreed “somewhat” or “strongly” that IoT was one of the most important parts of their organization’s digital transformation strategy vs. just 46% in 2017 ... the more a company invests in IoT, the more it tries to build some kind of data strategy, with 73% of businesses that have reached "extensive" IoT adoption noting they have some kind of plan ... The IoT has sparked a new wave of innovation thanks to data that give us better insights ... Tech is also the linchpin of Beijing's "Made in China 2025" initiative, a plan to shift the economy from manufacturing to high-tech sectors. 168 "high-tech development zones" reported more than 33 trillion yuan ($4.7 trillion) in revenue in 2018, according to official statistics. It's not clear how much tech can help control the virus, which has now infected at least 79,000 people worldwide and killed more than 2,600, mostly in mainland China ... Analysis of over one billion IoT traffic transactions a month found that 83 per cent of these were happening over plain text channels, with just 17 percent using secure SSL channels to transmit data. Zscaler said it had blocked 14,000 IoT-based malware attempts per month ... IoMT devices are poised to save the healthcare industry $300 billion annually, according to Goldman SachsDeloitte predicts the market for these connected medical devices will grow from $14.9 billion in 2017 to $52.2 billion in 2022 ... spending on smart city development to reach $158 billion by 2022. According to McKinsey, tapping into these technologies could reduce crime rates and fatalities by 8-10 ... organizations must invest wisely in edge computing devices .. we will collectively invest $6.7 billion on them by 2022, according to analyst firm CB Insights .. in 2019, we had already reached the stage where 507 zettabytes of data had been created by edge devices.
Highlights of this week
It's time to put your party hats on! Business investment in IoT and artificial intelligence is finally bearing fruit, driven by more dollars going into deployments and the increasing value of data as companies connect different aspects of their businesses, according to a report published last week by The Economist Intelligence Unit.
CNN Business
by Michelle Toh and Serenitie Wang
China has spent decades nurturing its tech sector. Now, faced with a massive public health crisis, Beijing is pushing its tech companies to join the fight against the novel coronavirus.
If you've seen any wireless commercials lately, or even just watched the recent Super Bowl, you know the hottest mobile communication technology is "5G," the next-generation network that will eventually power our smartphones and other connected devices.
IoT Business News
by Editor
Smart city dwellers experience both the pros and cons of the connectivity of new cloud-based urban centers. As the number of smart cities steadily increases around the world, more and more people and businesses are affected by this technology.
Gadget Flow
by Lauren Wadowsky
Sure, your Amazon Alexa plays music, orders books, and calls your hair salon on command, but is she—and your other smart home devices for that matter—really smart? According to The Next Web, the more appropriate question might be, do your smart home devices really have AI?
ZD Net
by Danny Palmer
Over half of Internet of Things devices connected to enterprise networks are consumer-grade products – and the low levels of protection offered by these devices could potentially be putting businesses at risk of from cyber attacks.
by Janakiram MSV
The market for the Internet of Things and connected devices is rapidly growing. From smart air conditioners used in households to large wind turbines installed in remote places, millions of devices are now connected to the cloud.
Pharma Times Online
by David Novotny and Marie McCarthy
Current applications of wearable biosensors, activity trackers, and mobile apps are only touching the surface of the potential of connected devices and their roles in the data collection and patient journey.
Health Tech
by Andrew Steger
Technological advancements and a growing number of use cases for mobility are easing clinical workflows and transforming care. One area of development, the Internet of Medical Things, is key to that evolution.
Visual Capitalist
by Katie Jones
However important the internet of things will be for businesses, it's impact is transformative when it comes to our cities. Arouns the world, IoT-enabled smart cities are changing the way we live, using technologyto increase the speed and efficiency of urban services.
IoT news
by Nelson Petracek
The Internet of Things (IoT) promises businesses of all shapes and sizes better visibility of their estate, whether the owner's infrastructure is comprised of orchards or oil fields.
Boston Globe
by Hiawatha Bray
It will probably be some time before buildings are erected by robots. But a Boston startup called RCML has built a robot that's designed to make sure that the humans who are still building them get it right.
inside Big Data
by Editorial Team
2020 heralds the decade in which the Internet of Things surges from the fringe to the fore of the data ecosystem. Several lofty predictions about the number of connected devices in the IoT begin this year; many developments directly impacting its adoption rates will flourish in the coming 10 years, rendering it the premier expression of data management.
by Vischer Blog
Under current Swiss law, in principle, drones (i.e. unmanned aerial vehicles, or UAV) weighing less than 30 kg may be operated without any authorisation and are not subject to registration. However, drone operators must already abide by certain rules when flying in Swiss airspace.
Robotics And Automation News
The automotive industry is undergoing the most fundamental transformation in its history and, as this article suggests, a flexible approach to software development will become essential to companies that want to stay competitive.
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